Description :
‘ Interventional cardiology ’ is a branch of cardiology that focuses on catheter-based technologies for the treatment of structural heart diseases . Catheterization is used to perform large number of procedures on heart . It involves the insertion of a sheath into the femoral artery or any large peripheral artery or vein , and cannulating the heart under X-ray visualization ( commonly known as fluoroscopy ). However , numerous interventional devices are used for treating peripheral vascular disorders that affect the circulatory system , resulting in plaque built-up in the arteries of arms and legs . Some of the interventional devices used in the market include balloons , catheters , guidewires , stents , and filters .
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The world interventional cardiology & peripheral vascular devices market was $ 13,203 million in 2015 and is expected to reach $ 25,349 million by 2022 with a CAGR of 9.7 %. Rise in prevalence of cardiovascular disorders , geriatric population , demand for minimally invasive procedures , and rapid technological advancements in these devices driven the market . According to the American Heart Association , approximately 5.5 million individuals are affected by heart failure in the U . S ., and approximately 670,000 new cases of heart failure are diagnosed every year . According to the Heart & Stroke Foundation , Canada , approximately 66,000 Canadians succumbed to cardiac abnormalities and stroke in 2012 . These estimates are expected to boost the demand for interventional cardiology & peripheral vascular devices in the coming years .
On the other hand , complications related to implantation of interventional cardiology & peripheral vascular devices , product recall & failure , and availability of effective conventional treatment options restrict the market growth . Conversely , development of bioabsorbable stents offers key opportunity to market players . Unfavorable reimbursement policies for interventional cardiology & peripheral vascular devices across various regions ( mainly the developing countries ) are major hindrances for the market growth .
The report segments the market based on product and geography . Based on product , the market is classified into angioplasty balloons , angioplasty stents , angioplasty catheters , endovascular aneurysm repair stent grafts , inferior vena cava ( IVC ) filters , plaque modification devices , hemodynamic flow alteration devices , and accessories . Angioplasty stents accounted for the major share of market in 2015 ; whereas plaque modification devices are the fastest growing segment during the forecast period . Plaque modification before a stent implant decreases the chance of restenosis . In addition , increase in prevalence of atherosclerosis and rise in obese population globally also fuel growth of these devices . Based on geography , the market is divided into North America , Europe , Asia-Pacific , and LAMEA regions North America accounted for the major share of the overall market in 2015 , and Asia-Pacific is expected to be the fastest growing segment during the analysis period .
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