Interventional Cardiology Devices Market, By Device (Angiography Catheters, IVUS, PTCA Guidewires, Guiding Catheters, Balloon Inflation Devices, Stents), By End User (Hospitals, Clinics, Ambulatory Surgical Centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Sep 2020

Code : CMI691

Pages :173

Formats :

Excel and PDF

Industry : Medical Devices

Interventional Cardiology Devices MarketSize and Trends

Statistics:

The global interventional cardiology devices market is estimated to account for US$ 27,745.6 Mn in terms of value in 2020 and is expected to reach US$ 45,754.1 Mn by the end of 2027.

Statistics:

Stents held dominant position in the global interventional cardiology devices market in 2019, accounting for 84.5% share in terms of value, followed by PTCA Guidewires and Angiography Catheters, respectively.

The global interventional cardiology devices market was valued at US$ 25,847.2 Mn in 2019 and is forecast to reach a value of US$ 45,754.1 Mn by 2027 at a CAGR of 7.4% between 2020 and 2027.

Figure 2. Global Interventional Cardiology Devices Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Market Trends/Key Takeaways

Increasing number of PCI procedures is expected to aid in growth of the global interventional cardiology devices market. For instance, according to a report by National Intervention Council , India, and Apollo Health City, India, published in April 2019, a total of 3,87,416 PCI procedures were performed in 705 centers in India in 2017, which accounted for a 3.7% growth compared to that in 2016.

Major players in the global interventional cardiology devices market are focused on approval and launch of new products to expand their product portfolio. For instance, in April 2018, Terumo Corporation, a Tokyo-based medical device company, received CE mark for Ultimaster TANSEI drug-eluting stent.