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Percutaneous Coronary Intervention Guidance Devices Market Projected CAGR of 6.1% to Reach US$ 23.5 Billion by 2031

Percutaneous Coronary Intervention Guidance Devices Market

PCI guidance devices help in performing these procedures with greater precision and accuracy.

WILMINGTON, DOWNTOWN, UNITED STATES, October 26, 2023 /EINPresswire.com/ -- The Percutaneous Coronary Intervention Guidance Devices Market was estimated to have acquired US$ 12.2 billion in 2021. It is anticipated to register a 6.1% CAGR from 2022 to 2031 and by 2031 the market is likely to gain US$ 23.5 billion.

The demand for PCI treatments, which require guiding devices to assure the procedure's precision and efficacy, is increasing as cardiovascular disorders are becoming more common. Cardiovascular disorders including coronary artery disease as well as heart attacks are becoming more common as the population ages and poor lifestyle choices grow.

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Key Findings of Study

Significant Need for Guide Catheters: Around the world, patients are using catheter-based treatments to treat coronary heart problems at an accelerating rate. Guidewires have been widely used in percutaneous coronary intervention, which has increased the Percutaneous Coronary Intervention Guidance Devices Market dimensions. Modern angioplasty procedures' use of sophisticated guide catheters has fueled revenue growth for businesses in the coronary intervention guidance devices market as a whole. In 2021, the guide catheter market share was the highest.

Design and Technology Advancements in PCI to Offer Attractive Opportunities: Advancement in technologies in catheterization are benefitting patients who undergo percutaneous coronary interventions. Usage of artificial intelligence (AI) has proved helpful to predict complications in percutaneous coronary interventions, for instance, application of current AI methods to obtain three-dimensional coronary anatomy reconstruction, which enable interventional cardiologists to plan PCI strategies accordingly. Increase in adoption of these technologies is poised to accelerate the Percutaneous Coronary Intervention Guidance Devices Market development. Need for minimally invasive procedures to treat ischemic heart disease is expected to fuel R&D activities in PCI guidance devices.

Latest Trends:

Artificial Intelligence (AI): Integration of AI in PCI guidance devices is becoming a trend. AI can assist in real-time decision-making, improving procedural outcomes.
Wireless and Portable Devices: The market is witnessing a shift towards wireless and portable guidance devices, enhancing mobility and convenience during procedures.

Percutaneous Coronary Intervention Guidance Devices Market companies in the market are:

Abbott, Boston Scientific Corporation, Medtronic, Johnson & Johnson Services, Inc., Terumo Corporation, Biosensors International Group, Ltd., B. Braun SE, Cordis, Meril Life Sciences Pvt. Ltd., CONMED Corporation, Emirates Health Services (EHS), and Koninklijke Philips N.V.

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Segmentation:

Product
Percutaneous Sheath Introducers
Guide Catheters
Guidewires
Others

Indication
Myocardial Infarction
Acute Coronary Syndrome
Others

End-user
Hospitals
Ambulatory Surgical Centers
Others

Market Segmentation: By Geographical Analysis

The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

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Nikhil Sawlani
Transparency Market Research Inc.
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