Interventional Cardiology & Peripheral Vascular Devices Market Demand Analysis and Future Opportunity Evaluation, Top Companies, Trends and Technology 2021-2030

In a recent published report, Kenneth Research has updated the market report for Interventional Cardiology & Peripheral Vascular Devices Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Interventional Cardiology & Peripheral Vascular Devices Market products

Kenneth Research has recently added a report titled Interventional Cardiology & Peripheral Vascular Devices Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.

According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

The global Interventional Cardiology & Peripheral Vascular Devices Market was valued at USD 21.21 billion in 2016 and is projected to reach USD 38.28 billion by 2025, growing at a CAGR of 6.78% from 2017 to 2025.

The increase in geriatric population and Heart related health issues in the middle age group population is enforcing the use and R&D in treatment of cardiovascular disorders. The market is therefore growing and is expected to grow at a steady rate till 2025 courtesy major investments in the market.

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Increasing Geriatric population
1.2 Growing demand of minimally invasive devices and surgical procedures
1.3 Growing Technical assistance and advancements in cardiovascular and peripheral vascular techniques

2. Market Restraints
2.1 Availability of alternate effective treatments
2.2 Product failure

Market Segmentation:
The global Interventional Cardiology & Peripheral Vascular Devices Market is segmented on the basis of the product and technique market involved:
1. Angioplasty Market, by Type:
1.1 Old/Normal Balloons
1.2 Cutting and Scoring Balloons
1.3 Drug-Eluting Balloons
1.4 Angioplasty Balloon Material
1.4.1 Non-Compliant Balloons
1.4.2 Semi-Compliant Balloons
1.4.3 Low-Compliant Balloons
1.5 Angioplasty Balloon Platforms
1.5.1 Over-The-Wire Balloon Catheters
1.5.2 Rapid Exchange (RX) Balloon Catheters
1.5.3 Fixed-Wire Balloon Catheters

2. Angioplasty Stent Market, by Type:
2.1 Angioplasty Stents, By Type
2.1.1 Bare-Metal Stents
2.1.2 Drug-Eluting Stents
2.1.3 Bioabsorbable Stents
2.2 Angioplasty Stents, By Delivery Platform
2.2.1 Self-Expanding Stent
2.2.2 Balloon-Expandable Stent

3. Angioplasty Market, by Procedure:
3.1 Plain Old Balloon Angioplasty (Poba)
3.2 Percutaneous Transluminal Coronary Angioplasty (PTCA)
3.3 Percutaneous Transluminal Angioplasty (PTA)

4. Catheters Market, by Type:
4.1 Angiography Catheters
4.2 IVUS/OCT Catheters
4.3 Guiding Catheters

5. Inferior Vena Cava (IVC) Filters Market, By Type:
5.1 Retrievable Filters
5.2 Permanent Filters

6. Interventional Cardiology and Peripheral Vascular Device Accessories Market, By Type:
6.1 Guidewires
6.2 Vascular Closure Devices
6.3 Introducer Sheaths
6.4 Balloon Inflation Devices

7. Endovascular Aneurysm Repair (EVAR) Stent Grafts Market, By Type:
7.1 Abdominal Aortic Aneurysms
7.2 Thoracic Aortic Aneurysms

8. Hemodynamic Flow Alteration Devices Market, By Type:
8.1 Embolic Protection Devices
8.2 Chronic Total Occlusion Devices

9. Plaque Modification Devices Market, By Type:
9.1 Atherectomy Devices
9.2 Thrombectomy Devices

10. Global Interventional Cardiology & Peripheral Vascular Devices Market, by Region:
10.1 North America (U.S., Canada, Mexico)
10.2 Europe (Germany, UK, France, Rest of Europe)
10.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
10.4 Latin America (Brazil, Argentina, Rest of Latin America)
10.5 Middle East & Africa

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Competitive Landscape:
The major players in the market are as follows:
1. Medtronic PLC
2. Boston Scientific Corporation
3. Abbott Laboratories
4. Cordis Corporation (A Subsidiary of Johnson & Johnson Services, Inc.)
5. Accessclosure, Inc. (A Subsidiary of Cardinal Health, Inc.)
6. B. Braun Melsungen AG
7. Biosensors International Group Ltd.
8. C.R. Bard, Inc.
9. St. Jude Medical, Inc.
10. Terumo Corporation

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Interventional Cardiology & Peripheral Vascular Devices Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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