Interventional Cardiology Devices Market is Projected at a CAGR of 2.9% from 2014 to 2022 – Jewish Life News

Posted: Published on July 1st, 2020

This post was added by Alex Diaz-Granados

According to the report by Transparency Market Research (TMR), the global interventional cardiology devices market has highly consolidated landscape. Some of the key players operating in the global interventional cardiology devices market are Boston Scientific, Medtronic, Abbott Vascular, St Jude Medical, and Volcano Corporation. Among these, the three players including Boston Scientific, Medtronic, and Abbott Vascular are accounting for the share of 66.9%.

According to a report by Transparency Market Research (TMR), the global interventional cardiology devices market is expected to expand with a CAGR of 2.9% from 2014 to 2022, to attain the value of US$11.16 bn by the end of 2022 from US$9.36 bn in the year 2016. On the basis of product type, the stents segment is dominating the global market for interventional cardiology devices and expected to continue its dominance over the forecast period by collecting revenue of about US$6.89 bn until the end of 2022.

Request Brochure of Report https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=853

On the basis of region, North America is dominating the global market for interventional cardiology devices and expected to continue its dominance by collecting US$4.04 bn by the end of 2022. This growth is attributable to the high adoption of the stents.

Technological Advancements to Fuel Adoption

Increasing geriatric population and obesity are leading to an increase in the prevalence of cardiovascular disease. Additionally, changing lifestyle that is characterized by smoking, high alcohol consumption, and lack of physical exercise have increased the prevalence of coronary artery diseases.

Request for Analysis of COVID19 Impact on Interventional Cardiology Devices Market https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=853

The interventional cardiology devices help cardiologists to perform the procedures quickly, without letting the procedure to get complicated. Rising demand for the safe and advanced technology is fuelling growth of the global interventional cardiology devices market.

The treatment of cardiovascular disorders has changed from past few years owing to introduction of new drugs and advanced therapies which helps to live better and longer lives. Advancement in research and development (R&Ds) activities to develop novel drugs and devices plays a key role in the growth of the market. The continuous technological advancement in the interventional cardiology devices market is boosting adoption which is likely to fuel growth of the global interventional cardiology devices market.

Buy Interventional Cardiology Devices Market Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=853&ltype=S

Government Initiatives for Improving Knowledge to Create Opportunities

Despite these growth opportunities, high manufacturing cost of these devices is a major factor hampering growth of the global interventional cardiology devices market. Additionally, price cut by the local players is pressurizing global players to reduce their prices which is crimping growth of the global interventional cardiology devices market. Nevertheless, numerous initiatives by the governments to increase awareness level about cardiovascular diseases and importance of regular medical checkup camps are creating lucrative opportunities for the growth of market.

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Transparency Market Research,

90 Sate Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com/

Link:
Interventional Cardiology Devices Market is Projected at a CAGR of 2.9% from 2014 to 2022 - Jewish Life News

Related Posts
This entry was posted in Interventional Cardiology. Bookmark the permalink.

Comments are closed.