What is Global Cardiovascular Interventional Devices Market?
The Global Cardiovascular Interventional Devices Market is a vast and dynamic sector that encompasses a wide range of medical devices used in the treatment of cardiovascular diseases. These devices are designed to intervene in the body's cardiovascular system, either to repair or replace damaged or diseased blood vessels, heart valves, or other structures. The market includes devices such as stents, balloons, catheters, and guide wires, among others. These devices are used in procedures such as angioplasty, stenting, and valve replacement, which are performed to treat conditions such as coronary artery disease, heart valve disease, and peripheral vascular disease. The market is driven by factors such as the increasing prevalence of cardiovascular diseases, advancements in technology, and the growing demand for minimally invasive procedures.
Coronary artery stent, PTCA balloon catheter, thread, Other in the Global Cardiovascular Interventional Devices Market:
The Global Cardiovascular Interventional Devices Market is segmented based on the type of device, including coronary artery stents, PTCA balloon catheters, guide wires, and others. Coronary artery stents are small, expandable tubes that are used to treat narrowed or blocked coronary arteries. They can be made of metal mesh and are used to prop open the artery after angioplasty. PTCA balloon catheters, on the other hand, are used to open up blocked coronary arteries, allowing blood to circulate freely to the heart muscle. Guide wires are used to guide and position the catheter during the procedure. Other devices in the market include embolic protection devices, chronic total occlusion devices, and atherectomy devices. Each of these devices plays a crucial role in the treatment of cardiovascular diseases and contributes to the overall growth of the market.
Angina pectoris, Myocardial infarction,, Other in the Global Cardiovascular Interventional Devices Market:
The Global Cardiovascular Interventional Devices Market finds its application in various areas such as the treatment of angina pectoris, myocardial infarction, and others. Angina pectoris, commonly known as angina, is a type of chest pain caused by reduced blood flow to the heart. Interventional devices such as stents and balloon catheters are used to restore blood flow. Myocardial infarction, also known as a heart attack, occurs when blood flow to a part of the heart is blocked. In such cases, interventional devices are used to open the blocked artery and restore blood flow. Other applications of these devices include the treatment of heart valve diseases, peripheral vascular diseases, and congenital heart diseases. The wide range of applications of these devices contributes to the growth and expansion of the market.
Global Cardiovascular Interventional Devices Market Outlook:
The market outlook for the Global Cardiovascular Interventional Devices Market is promising. In 2023, the market was valued at US$ 11900 million. It is projected to reach a value of US$ 20260 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing prevalence of cardiovascular diseases, advancements in technology, and the growing demand for minimally invasive procedures. The market is dominated by the top 5 players, who held a market share of over 70% in 2019. This indicates a high level of concentration in the market, with a few key players dominating the landscape.
| Report Metric | Details |
| Report Name | Cardiovascular Interventional Devices Market |
| Accounted market size in 2023 | US$ 11900 million |
| Forecasted market size in 2030 | US$ 20260 million |
| CAGR | 7.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Boston Scientific Corporation, ABBOTT LABORATORIES, Medtronic, Terumo manufacturers, NIPRO Medical Corporation, B. Braun Sharing Expertise, Cook medical, Microport, Lepumedical, Jwmedical, ASAHI INTECC, Kaneka Corporation, Sinomed, Lifetechmed, Gore |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
