Global Interventional Cardiology Market to Reach $24.96 Billion by 2027

Global Interventional Cardiology Market to Reach $24.96 Billion by 2027

PR Newswire

FREMONT, California, October 25, 2018

FREMONT, California, October 25, 2018 /PRNewswire/ --

According to a new market intelligence report by BIS Research, titled 'Global Interventional Cardiology Market - Analysis and Forecast, 2018-2027', the global interventional cardiology market was estimated at $14.69 billion in 2017, and is estimated to reach $24.96 billion by 2027. The global interventional cardiology market is expected to grow at a CAGR of 8.37% between the years 2018 and 2027, aided by the impressive growth of healthcare budgetary allocation and technological advancements in the medical device industry. Moreover, the rising prevalence of cardiac diseases and a growing geriatric population are the main factors leading the growth of the market.

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Browse 33 market Data Tables and 253 Figures spread through 307 Pages and in-depth TOC on 'Global Interventional Cardiology Market'.

Cardiovascular diseases are the leading cause of death globally and accounted for 17.7 million deaths in 2015, according to the data published by World Health Organization. The growth in geriatric population globally has resulted in increased prevalence of cardiovascular diseases. Furthermore, change in eating habits, increased stress, smoking, alcohol consumption, and disturbed sleeping patterns are some of the key factors contributing to the deteriorating health of individuals and the rise in chronic diseases such as diabetes and cardiovascular diseases. This has consequently increased demand for advanced medical devices to treat the growing number of cardiac patients.

The medical devices industry has been witnessing an annual growth rate of approximately 4.5% since 2011. Increasing incidences of cardiac disorders and rise in older population are significantly impacting the growth of the interventional cardiology market. As a result, several conglomerate companies are making strenuous efforts by innovating new products or redesigning existing devices to attain better process efficiency. Therefore, to sustain in the highly competitive market, interventional cardiology is gradually becoming an indispensable solution for the medical device industry. Moreover, with advancement in the technology, factors such as increase in patient awareness for advanced medical devices and rise in the occurrence of lifestyle disorders are expected to actively drive the growth of the interventional cardiology market during the forecast period of 2018-2027.

BIS Research Report:

According to Abdul Wahid Khan, a lead analyst at BIS Research, "North America is currently the leading contributor to the interventional cardiology market. The market was valued $5.55 billion in 2017. Factors, such as rising demand for minimally invasive surgeries, increasing cases of chronic diseases, aging populations, and increasing number of interventional procedures are driving the growth of the North American interventional cardiology market. However, the Asia-Pacific is expected to register the highest CAGR of 7.12% during the forecast period 2018-2027."

Research Highlights: 

This market intelligence report provides a multidimensional view of the global interventional cardiology market in terms of market size and growth potential. This research report aims at answering various aspects of the global interventional cardiology market with the help of the key factors driving the market, threats that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory for the market expansion.

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Furthermore, the competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with the recent market activities, such as product launches, regulatory clearance, certifications, partnerships, collaborations, business expansions as well as mergers and acquisitions, among others. The research report provides a comprehensive analysis of the product sales and manufacturers and trend analysis by segments and demand analysis by geographical regions.

This report is a meticulous compilation of research on more than 70 players in the market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of more than 19 leading companies, market participants, and vendors. The report also profiles 20 companies including several key players, such as Abiomed, Inc., ACIST Medical Systems, Inc., B. Braun Melsungen AG, Biosensors International Group, Ltd., Biotronik SE & Co. KG, Boston Scientific Corporation, C. R. Bard, Inc., Cook Medical LLC, Cordis Corporation, Edwards Lifesciences Corporation, GE Healthcare, Life Vascular Devices Biotech S.L., Biostense Webster, Inc., Medtronic Plc, Merit Medical Systems, Inc., Novacam Technologies Inc., Koninklijke Philips N.V., St. Jude Medical, Terumo Corporation, and W.L. Gore & Associates, Inc.

Key questions answered in the report: 

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About BIS Research:  

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

What distinguishes BIS Research from the rest of the players is that we don't simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

Bhavya Banga
BIS Research Inc.
FREMONT CA 94538-1686

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