The Interventional Cardiology Market size was valued at USD 14.56 billion in 2022 and is projected to grow from USD 15.59 Billion in 2023 to USD 28.91 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.1% during the forecast period (2023 - 2032). Interventional cardiology deals with the catheter-based treatment of heart diseases. Scrutinizing all the global territories, it has been noticed that there is a huge rise in the number of cardiac diseases. This can be attributed to the change in lifestyle, leading to lifestyle diseases. Each year cardiovascular diseases cause 3.9 million deaths in Europe and over 1.8 million deaths in the European Union (EU).
In addition to that, the rise in the number of clinical trials of devices for use in interventional cardiology procedures is set to propel the growth of the market. For instance, in August 2018, B. Braun Melsungen AG announced that its drug-coated balloon ‘SeQuent Please’ for percutaneous transluminal coronary angioplasty showed positive results in the BASKET-SMALL 2 clinical trial. Moreover, the trend of bioresorbable stents going to contribute substantially to the growth of the market. For instance, in February 2019, Biotronik was granted approval from the FDA for its a drug-eluting stent system which is ultrathin and bioabsorbable for the treatment of patients with coronary artery disease.
Interventional Cardiology Market Influencer
Increasing provision and backing provided by regulatory authorities to companies operating in the interventional cardiology market, as well as the patients, act as a significant factor that pushes the growth of the market globally. Also, several prominent players are continuously involved in launching new and improved products in the market. Such initiatives also promise a massive level of growth in the market. In addition to that, the emergence of bioresorbable stents is catching the maximum attention of medical professionals due to its many benefits.
Interventional Cardiology Market Drivers
Interventional Cardiology Market Restraints
Interventional Cardiology Market Key Players
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