GMI Interventional Cardiology & Peripheral Vascular De

Interventional Cardiology & Peripheral Vascular
Devices Market Size, Analysis Report, Regional
Outlook and Forecast, 2017 – 2024: Global Market
Insights Inc.
Interventional Cardiology & Peripheral Vascular Devices Market size should foresee
substantial growth due to growing ageing population and amplified prevalence of heart
disorders over the last few decades. Rising need for minimally invasive procedures and
increasing technological advancement will drive the business size. According to
American College of Cardiology, cardiovascular disease accounts for around 31% of all
deaths globally and the projected cost of CVD will be USD 1,044 billion by 2030.
Coronary heart disease accounts for most cardiovascular deaths, followed by stroke and
heart failure.
Interventional cardiology is a subspecialty of cardiology that practices intravascular
catheter-based methods with fluoroscopy to treat valvular, coronary artery and
congenital cardiac disease. The peripheral vascular device offers systematic circulation
of blood, removes the plaque and restore the flow of blood through the artery.
Increasing global prevalence of chronic disorders due to sedentary lifestyle, unhealthy
dietary habits and lack of physical activity will increase the number of procedures
performed. Growing tobacco usage globally, smoking, including secondhand smoke,
accounting for an estimated 6.3 million deaths worldwide will fuel the industry growth.
Prohibitive cost associated with the treatment and stringent government policies in
developed and developing economies may hamper the interventional cardiology &
peripheral vascular devices market growth.
Interventional catheters market will grow at a significant rate due to added advantages
over the other methods like less invasiveness than traditional surgery. Factors like
requirement of only one small incision for insertion of the catheter, no requirement of
general anesthesia and short timeframe will propel the business share. Angioplasty
segment will account for the largest market share over the forecast period owing to
introduction of novel technological and no side effects like plaque build-up or vessel
collapse. Coronary thrombectomy will grow at a substantial rate pertaining to
increasing prevalence of heart attack and rising need for procedure that needs small
incision in a blood vessel.
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