Market World Interventional Cardiology Devices Market | Page 2

Development and innovation in interventional cardiology has resulted in increased efficiency thus is presumed
to be a major factor to fuel the market demand over the next seven years period. 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.
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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).
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.