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Rising incidence of cardiovascular diseases and increasing geriatric population are significant factor driving global interventional cardiology devices market

VANCOUVER, BC, CANADA, May 15, 2023 /EINPresswire.com/ -- According to Emergen Research latest report, titled “Interventional Cardiology Devices Market: size is expected to reach USD 26.84 Billion at a steady CAGR of 8.7% in 2028, according to latest analysis by Emergen Research. Steady growth of the interventional cardiology devices market can be attributed to rising incidence of cardiovascular diseases. Cardiovascular disease is the most common cause of death in the US, and is responsible for around 655,000 deaths every year. Coronary heart disease is the leading heart disease type that, in 2017, accounted for the deaths of 365,914 individuals in the US.

Interventional cardiology devices deliver several benefits, including reduced chances of scar occurrence, reduced surgery complexity and time, and decreased pain. Additionally, rising incidence of cardiovascular diseases result in an increase in healthcare expenditure, which in turn, is driving revenue growth of the interventional cardiology devices market. According to the Centers for Disease Control and Prevention, heart attacks account for over USD 320.00 Billion in yearly healthcare expenditure and lost productivity, and this figure is expected to reach USD 818.00 Billion in 2030.

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Some Key Highlights in the Report

In June 2019, Terumo Corporation signed a partnership agreement with Orchestra BioMed, Inc. This partnership provides Terumo Corporation with exclusive rights for the development and marketing of Virtue Sirolimus-Eluting Balloon (SEB).

Angioplasty stents find application to restore blood flow occurring due to blockage and to reduce heart attack risk. Stents are considered beneficial in reducing damage caused to heart muscles in the event of a heart attack. Also, stents may instantly relieve or reduce symptoms comprising chest pain, fatigue, and shortness of breath.

Among the end-use segments, the hospitals segment accounted for largest revenue share in 2020, which can be attributed to robust presence of experienced healthcare professionals for installation of interventional cardiology devices and more advanced and developed healthcare infrastructure, along with high purchasing power for advanced and dedicated interventional cardiology devices in countries in the region. Additionally, hospitals account for adverse event minimization in patients during critical procedures, including stent installation and cardiac catheterization.

The report includes a detailed segmentation study of the global Interventional Cardiology Devices market, where all of the segments are analyzed in terms of market growth, share, growth rate, and other vital factors. It also provides the attractiveness index of segments so that players can be informed about lucrative revenue pockets of the global Interventional Cardiology Devices market. The extensive evaluation of segments provided in the report will help you to direct your investments, strategies, and teams to focus on the right areas of the global Interventional Cardiology Devices market.

Top Leading Key Players are:

Abbott Laboratories, Terumo Corporation, iVascular, Boston Scientific Corporation, Edwards Lifesciences Corporation, B.Braun Melsungen, Medtronic PLC, Koninklijke Philips NV, Biosensors International Group Ltd., and Endocor GmbH.

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Emergen Research has segmented the global interventional cardiology devices market on the basis of product type, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

Angioplasty Stents

Angioplasty Balloons

Catheters

Structural Heart Devices

Plaque Modification Devices

Guidewires

Hemodynamic Flow Alteration Devices

Others

End-Use Outlook (Revenue, USD Billion; 2018–2028)

Hospitals

Ambulatory Surgical Centers

Others

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Leading businesses who are looking for new sources of income will find this research to be quite helpful in understanding the market and its underlying dynamics. It will be helpful for businesses looking to diversify into new markets or increase the scope of their current operations.

How will this Report Benefit you?

A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Interventional Cardiology Devices market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Interventional Cardiology Devices with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

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What Questions Should You Ask before Buying a Market Research Report?

• How is the Interventional Cardiology Devices market evolving?

• What is driving and restraining the Interventional Cardiology Devices market?

• How will each Interventional Cardiology Devices submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2028?

• How will the market shares for each Interventional Cardiology Devices submarket develop from 2021 to 2028?

• What will be the main driver for the overall market from 2021 to 2028?

• Will leading Interventional Cardiology Devices markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?

• How will the market shares of the national markets change by 2028 and which geographical region will lead the market in 2028?

• Who are the leading players and what are their prospects over the forecast period?

• What are the Interventional Cardiology Devices projects for these leading companies?

• How will the industry evolve during the period between 2021 and 2028? What are the implications of Interventional Cardiology Devices projects taking place now and over the next 10 years?

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