Interventional Cardiology Devices Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028, Segmented By, Product Type (Angioplasty Balloons, Angioplasty Stents, Structural Heart Devices, Catheters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices, Others), By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Others), By Region, and Competition

Global Interventional Cardiology Devices Market is anticipated to observe an impressive growth during the forecast period, 2024-2028. The market owes its growth to the factors like increasing number of heart related diseases that are life threatening as well as the technological advancements in the medical devices that are introduced in this field.

The interventional cardiology devices are the tools that are used to perform surgical and diagnostic procedures that are required for the cardiovascular diseases specifically. Additionally, these procedures ensure recovery that is quick and efficient thereby supporting the market growth in the upcoming future. The availability of the various product that are specific to the various procedures for the diagnostics and the surgical procedures is driving the growth of the global interventional cardiovascular devices market in the forecast period.

Increasing Prevalence of Non-Communicable Diseases

 According to the WHO statistics, around 41 million people are killed each year suffering from Non-Communicable Diseases (NCD), out of which 17 million people die from NCD at the age below 70 years. The major factors contributing to the increasing risk of NCD are prevailing physical inactivity, excessive tobacco, and alcohol consumption Furthermore, non-communicable diseases have increased at an alarming rate due to poor choices on lifestyle. Population that are too accustomed with these lifestyle habits would drive the market growth of the global interventional cardiovascular devices market since the demand of the medical devices would increase. Health conditions such as strokes are nowadays causing a higher risk of death among the population. According to a WHO report, annually 15 million people worldwide are suffering stroke, out of which 5 million people are left disabled permanently. Stroke is less common among people under 40 years, and among those 65 years old suffering stroke, two-fifth of the stroke deaths were due to smoking. The rising cases of strokes is increasing with the growing ageing population across the world.  With the increasing cases of strokes worldwide there is a huge growing demand for interventional cardiovascular devices for undergoing different kind of cardiovascular surgery. Additionally, the growing prevalence of NCDs majorly cardiovascular diseases, with the increased awareness among the population is significantly creating a huge demand to monitor and treat patients and are thus simultaneously driving the global interventional cardiology devices market growth and is thereby anticipated to boost the market growth in the forecast period.

Growing Demand for Minimally Invasive Surgeries

Minimally invasive surgeries are surgeries performed with minimal invasion and are associated with reduced pain, lesser complications, and quicker recovery. Minimally invasive surgeries are best undergone various changes in techniques beneficial to the patient requiring a surgery. Minimally invasive surgeries are surgeries which can be done to treat several heart conditions, by offering minimal incision performed to reach the heart for initiating treatment and is highly recommended as it causes comparably less pain and quick recoveries than the other cardiac surgeries. These minimally invasive surgeries have huge advantage of lesser traumas in the patients going through these procedures. Several type of heart procedures are performed through minimally invasive surgeries such as Aortic valve replacement, Coronary artery bypass surgeries, Mitral valve repair or replacement, or atrioventricular septal defect surgery, etc. and therefore is aiding the patients with cardiovascular diseases. exposure to minimally invasive surgeries in both the diagnostic and treatment surgeries. The minimally invasive surgeries offer advantages over open heart surgeries such as less blood loss, reduced pain, smaller noticeable scars, lower infection risk, etc.

Minimally invasive surgeries demand smaller incisions than other traditional open-heart surgeries, which means that there is less scarring, reduced blood loss, and a quick recovery time. Patients also experience less pain and discomfort after the procedure, reducing the need for strong pain medications. Including minimally invasive surgeries, there is a reduced risk of infection because the incisions are minor, and there is a lesser exposure of the surgical site to external contaminants. Also, compared to the traditional open-heart surgeries, the minimally invasive surgeries have a shorter recovery time, allowing patients to return to their normal activities sooner. As a result, there has been an increased uptake of minimally invasive surgeries in cardiovascular procedures, leading to an overall increase in cardiovascular surgeries. Moreover, the increased adoption of minimally invasive coronary stents, high precision and cardiovascular devices are increasing the demand for the interventional cardiology devices market and thus are anticipated to support the market growth in future.

Growing Sedentary Lifestyle and Increasing Obesity Cases

Sedentary lifestyle and obesity are directly linked to cardiovascular devices. The rising consumption of processed food, sedentary lifestyle, and lack of physical activity have resulted in an increase in the incidence of obesity, diabetes, and hypertension. These risk factors increased the chances of developing heart disease, leading to a higher demand for interventional cardiology devices. Overweight and obesity increase the risk for many health issues, such as type 2 diabetes, high blood pressure, heart disease, stroke, and other conditions. Factors such as, processed food and drinks consumption, less exposure to physical activity, excessive time spent on sedentary behaviors, etc. lead to obesity and overweight condition thereby several creating health ailments. According to Centre for Disease Control and Prevention, in 2020, the US prevalence of obesity was 39.8% among adults aged 20 to 39 years, 44.3% among adults aged 40 to 59 years, and 41.5% among adults aged 60 and older. The increasing obesity cases leads to the increasing cases of cardiovascular diseases and other cardiac associated ailments among the population, thus creating a huge demand for cardiovascular treatments and surgical exposure. 

The leading cause of obesity that takes to cardiovascular disease is by causing disturbances s body’s metabolism and therefore leading to a condition such as stroke and other chronic inflammation. Excess body fat can increase the production of pro-inflammatory molecules, which can damage the lining of blood vessels and lead to the development of atherosclerosis. Obesity can also increase the risk of developing hypertension or high blood pressure, another significant risk factor for cardiovascular disease. When excess body fat is present, the body requires more blood to supply nutrients and oxygen to the tissue, which can cause an increase in blood pressure , which over time can damage blood vessels, increasing the risk of developing heart disease. Atherosclerosis is a condition in which the arteries become narrow and stiff, making it harder for blood to flow through them. This can lead to heart attacks, strokes, and other cardiovascular problems. Furthermore, obesity can also contribute to the development of type 2 diabetes, a condition that is associated with an increased risk of cardiovascular disease. In type 2 diabetes, the body becomes resistant to insulin, a hormone that regulates blood sugar levels and may lead to high blood sugar levels, which can further damage blood vessels and increase the risk of heart disease. Thus, flowing number of cases of obesity and sedentary lifestyle are expected to increase the demand for cardiovascular Devices, including interventional cardiology devices.

Recent Development

In 2022, the major technology, diagnostic and digital solutions innovator GE Healthcare collaborates with Boston Scientific- a major medical device manufacturer leader, to strengthen the potential of interventional cardiology and to offer advanced heart care in India. 

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Market Segmentation

The global interventional cardiovascular devices market is segmented by product type, end user, regional distribution, and competitive landscape. Based on the product type, the market is segmented into, angioplasty balloons, angioplasty stents, structural heart devices, catheters, plaque modification devices, hemodynamic flow alteration devices, others. Depending on the end users, the market is grouped into hospitals & clinics, ambulatory surgery centers, and others.

Market Players

Medtronic Plc., Boston Scientific Corporation, Abbott Laboratories, Inc., Biotronik, Inc., Edward LifeSciences Corporation, Cardinal Health, Inc., iVascular - Dispositivos Cardiovasculares, B. Braun Melsungen AG, Terumo Corporation, Biosensors International Group Ltd. are some of the key players operating in the market.

Report Scope:

In this report, global interventional cardiology devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Interventional Cardiology Devices Market, By Product Type:
• Angioplasty Balloons
• Old/Normal Balloons
• Drug-eluting Balloons
• Cutting and Scoring Balloons
• Angioplasty Stents
• Drug-eluting Stents
• Bare-metal Stents
• Bioabsorbable Stents
• Structural Heart Devices
• Aortic Valve Therapy Devices
• Mitral Valve
• Pulmonary Valve
• Others
• Catheters
• Angiography Catheters
• Guiding Catheters
• IVUS/OCT Catheters
• Plaque Modification Devices
• Atherectomy Devices
• Thrombectomy Devices
• Hemodynamic Flow Alteration Devices
• Embolic Protection Devices
• Chronic Total Occlusion Devices
• Others
• Interventional Cardiology Devices Market, By End User:
• Hospitals & Clinics
• Ambulatory Surgery Centers
• Others
• Interventional Cardiology Devices Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global Interventional Cardiology Devices market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

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