Interventional Cardiology & Peripheral Vascular Devices Market Poised to Reach at a CAGR of 6.7% by 2024
Global Interventional Cardiology & Peripheral Vascular Devices Market, By Product (angioplasty balloons, angioplasty stents (drug-eluting stents, bare-metal stents, and bioabsorbable stents), catheters (IVUS/OCT, angiography catheters, and guiding catheters), EVAR stent grafts (abdominal aortic aneurysms and thoracic aortic aneurysms), IVC filters, plaque modification devices, hemodynamic flow alteration devices, and accessories), By End User (Hospitals, Ambulatory Centers, Clinics, Others), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The Interventional Cardiology & Peripheral Vascular Devices Market accounted to USD 20.0 billion in 2016 growing at a CAGR of 6.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The interventional cardiology & peripheral vascular devices are the devices that are inserted in the body to treat diseases or perform a surgical procedure.
Major market drivers and restraints:
- Rapid Advancements & Innovations in Technology
- Rising incidence of Cardiovascular Diseases
- Growing Geriatric Population
Market Segmentation:
(angioplasty balloons, angioplasty stents (drug-eluting stents, bare-metal stents, and bio-absorbable stents), catheters (IVUS/OCT, angiography catheters, and guiding catheters), EVAR stent grafts (abdominal aortic aneurysms and thoracic aortic aneurysms), IVC filters, plaque modification devices, hemodynamic flow alteration devices, and accessories),
By product type the interventional cardiology & peripheral vascular devices market is segmented into angioplasty balloons, angioplasty stents, catheters, endovascular aneurysm repair (EVAR) stent grafts, IVC filters, plaque modification devices, hemodynamic flow alteration devices, and accessories. Angioplasty stents market is further segmented into drug-eluting stents, bare-metal stents, and bio-absorbable stents.
On the basis of end user the market is segmented into hospitals, ambulatory centers, clinics, others.
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On the basis of geography, interventional cardiology & peripheral vascular devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, andBrazil among others. In 2017, North America is expected to dominate the market.
Competitive Analysis:
Interventional Cardiology & Peripheral Vascular Devices Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Some of the major players operating in interventional cardiology & peripheral vascular devices market are Medtronic, plc., Boston Scientific Corporation, Abbott Laboratories, Cordis Corporation, AccessClosure Inc., B. Braun Melsungen AG, Biosensors International, C.R. Bard, Inc., St. Jude Medical, Terumo Corporation, AngioScore, Inc., Aptus Endosystems, Inc., Asahi Intecc Co., Ltd., Bolton Medical, Cook Medical, Endologix, Inc., Jotech GmbH, Lombard Medical, Inc., Maquet Medical, Merit Medical Systems, Inc. , OrbusNeich, Rex Medical, Spectranetics Corporation, Teleflex Incorporated, Vascular Solutions Inc., Volcano Corporation, and W. L. Gore & Associates Inc., Biosensors International Group Ltd., Cordis Corporation among others.
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