PEDIATRIC INTERVENTIONAL CARDIOLOGY MARKET ANALYSIS

Pediatric Interventional Cardiology MarketSize and Trends

The global pediatric interventional cardiology market was valued at US$ 2,019.1 Mn in 2021 and is forecast to reach a value of US$ 3,166.7 Mn by 2028 at a CAGR of 6.6% between 2022 and 2028. The global pediatric interventional cardiology market is experiencing strong growth due to the rise in burden of congenital heart disease among pediatric patients and technological advances in pediatric interventional cardiology. Moreover, increase in focus on the pediatric interventional cardiology and increase in focus on the development of novel devices is expected to boost growth of the market. However, factors such as high cost of the procedure and reimbursement & regulatory issues are expected to hamper growth of the market.

Global Pediatric Interventional Cardiology Market: Regional Insights

Global Pediatric Interventional Cardiology Market Trends:

In the past few years, there has been an increased awareness of Pediatric Interventional Cardiology, and rise in incidence of congenital anomalies has increased the adoption of pediatric interventional cardiology devices. Moreover, efforts to educate people for early detection of heart diseases have also increased the adoption of pediatric interventional cardiology devices. This trend is expected to continue over the forecast period, driving the growth of the market.

Moreover, factors such as the increasing prevalence of heart diseases coupled with initiatives by public and private organizations are expected to aid in the growth of the market. Public and private organizations around the world are increasingly investing in pediatric interventional cardiology to provide high quality care for heart patients of all ages, especially for pediatric patients. This trend is expected to continue during the forecast period, driving the market growth.