These procedures are estimated to gain popularity in the near future owing to several advantageous properties such as minimal process time , reduce the requirement to perform surgery and several others . Interventional cardiology aid patients and makes the procedures to be performed less complex as it minimizes the scars risk , reduces pain and avoids extended post-operative recovery . Effective conventional first level medication availability in the market is presumed to hinder the market growth over the next eight year period . This industry requires huge initial investment which is expected to hamper the demand for interventional cardiology .
Several cases related to product failure and product recall is estimated to restrain the demand for these procedures in the near future . Key opportunity for this market is expected to be the innovation and advancement in the bio-absorbable stents over the forecast period . Numerous emerging markets are expected to be major chance for the industry vendors to expand their sector over the next eight year period . Entry barriers in the industry for new players and varying reimbursements are expected to challenge the market growth in the near future .
Based on device type the market is segmented as Stents ( drug metal stents , bare metal stents , & bio-absorbable stents ), PTCA Balloons which include normal balloons , scoring balloons , cutting balloons & drug-eluting balloons , percutaneous transluminal coronary angioplasty guidewires , imaging systems such as IVUS ( intravascular ultrasound ), OCT ( optical coherence tomography )& FFR ( fractional flow reserve ), and Catheters ( angiography catheters , pulmonary artery catheters , guiding catheters & intravascular ultrasound ( IVUS ) catheters ).
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Key regional markets include North America , Europe , Central & South America , Middle East & Africa , and Asia Pacific . Developed regions such as Europe and North America are estimated to witness positive growth owing to research and development initiatives coupled with huge demand for rising cardiology diseases over the next eight year period . North America region has dominated the global market owing to highest adaption in recent past followed by Europe . These regions are expected to show positive growth in the near future . Developing regions such as Asia Pacific and Central & South
America are expected to experience rapid growth in industry owing to rising awareness , rise in disposable income and increase in coronary artery diseases . Emerging economies such as India and China are estimated to witness positive growth due to rise in demand for minimal invasive procedures over the next eight year period . Innovation and development in order to have best quality product is anticipated to further enhance the growth in this region in near future .