Interventional Cardiology Devices Market Size & Growth Rate:
According to our report, The Global Interventional Cardiology Devices Market Was Valued 19.42 Billion USD in 2017 and this value predicted to reach 13.41 Billion USD by 2022 growing at a significant CAGR of 6.4% during 2017 to 2022.
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Interventional Cardiology Devices Market Overview:
The interventional cardiology devices market is expected to witness considerable growth during the forecast period, owing to the increasing prevalence of coronary artery disease (CAD), technological advancements in interventional cardiology devices, and growing demand for non-invasive treatments. The rising prevalence of CVD and technological advancements are some of the important factors fostering the growth of the world market. Rising geriatric population and expanding demand for non-invasive treatments are some of the other factors contributing to the growth of this industry. Improving demand for minimally invasive procedures, and favorable reimbursement policies in developed economies are other factors anticipated to boost the growth of the global interventional cardiology devices market over the forecast period.
Interventional Cardiology Devices Market Growth Drivers and Restraints:
Additionally, the high cost of devices, stringent regulatory requirements, the presence of effective first-line treatments can be viewed as restraints hampering the growth of the world market. The regulatory requirements for the affiliation of medical devices are complex and undergo amendments with changing needs. These regulations are complicated, primarily because of the legal aspects associated with them. The quality and performance of medical devices are necessary facets that need stringent evaluation to ensure public safety. Therefore, stringent and complex standards followed for the affiliation of medical devices, restrict the growth of the global market to some extent.
Interventional Cardiology Devices Market Geographical Segment:
Geographically, North America held the largest share in the interventional cardiology devices market in 2017, globally, followed by Europe. The North American market is primarily driven by increasing demand for interventional cardiology devices, presence of key established players, developed reimbursement policies and increasing prevalence of CVDs. The market in Europe accounted for second-highest revenue share in the global market, due to high healthcare expenditure by governments of countries, and high disposable income, followed by markets in Latin America, Asia Pacific, and the Middle East & Africa respectively.
The interventional cardiology devices market in Asia-Pacific is expected to grow at the fastest pace during the forecast period. This is attributed to the increasing healthcare expenditure, growing medical tourism, increasing awareness about technologically advanced interventional cardiology devices, and rising focus of market players toward emerging countries.
Some of the key companies profiled in the report are:
• Boston Scientific
• C. R. Bard
• B. Braun
Interventional Cardiology Devices Market Segmentation:
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• Old/Normal Balloons
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Global Interventional Cardiology Devices Market Analysis - By Region
• North America
• Latin America
• Middle East & Africa
• Rest of World
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