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Latin America Interventional Cardiology Market Size and New Opportunities 2021 – Leading Players with Geographical Segmentation, Trends and Future Scope Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Latin America Interventional Cardiology 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 Latin America Interventional Cardiology Market products.

Download Sample of This Strategic Report-: https://www.kennethresearch.com/sample-request-10346767

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 Final Report will cover the impact analysis of COVID-19 on this industry.”

Latin America Interventional Cardiology Market Analysis 2015-2030
Interventional cardiology market comprises of products that are used in catheter-based diagnosis & treatments of various cardiac disorders under coronary artery disease, vascular disease and acquired structural heart disease. In 2019, the Latin America Interventional Cardiology Market accounted for a market value of around USD 700 million and is expected to grow at a CAGR of 8.48% over the forecast period of 2021-2030. People are investing more on medical care owing to the growing disposable income.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

The largest share of the Latin American interventional cardiology market is currently owned by Brazil, owing to the increasingly growing prevalence of cardiovascular diseases in the nation, which has also led to an increase in the number of interventional cardiology procedures being implemented.
The Latin America interventional cardiology market consists of various segments that are segmented by devices, application and end user. The market is further segmented by devices into angioplasty balloons, angioplasty stents, catheters, plaque modification devices, hemodynamic flow alteration devices, guidewires, and others, out of which, angioplasty balloons accounted for a market share of around 30% in 2019.

Leading Companies

Some of the affluent leaders in the Latin America Interventional Cardiology Market are Boston Scientific Corporation, Merit Medical Systems, Biosensors International Group, Ltd., Terumo Europe NV, Medtronic, Cardinal Health (Cordis), BIOTRONIK SE & Co KG, and others.

The angioplasty balloons consist of old/normal balloons, cutting and scoring balloons, and drug-eluting balloons. Angioplasty balloons are highly used in angioplasty procedures to restore blood flow into the heart. A surge in their demand has been generated by their increasing application in cardiology.
On the basis of application, the market is segmented into coronary artery disease, peripheral artery disease, neurovascular disease and others, out of which, coronary artery disease accounted for a market share of around 45% in 2019 and expected to grow by a significant CAGR over the forecast period.

The most prevalent form of heart disease is known to be coronary artery disease. It happens when the arteries that supply blood to the heart gets a blockage. Furthermore, the growing prevalence of the disease has generated an increase in demand for innovative devices and treatments which can reduce complications and improve the quality of life. In addition, risk factors for cardiovascular diseases are extremely prevalent in Latin America, which is also projected to drive the growth of Latin America interventional cardiology market.

The advancements in technology in the healthcare sector and increasing research and development investments have created an upsurge in the growth of the Latin America interventional cardiology market. The rapidly increasing prevalence of cardiovascular diseases is consistently attracting various market players in the interventional cardiology market who are incorporating multiple research and development activities coupled with different technologies to improve their product portfolio.

Additionally, various market players are making huge investments to reduce the cost of the product so that key application-based end markets can use it. This factor is projected to drive the growth of the market in the upcoming years.

However, lack of skilled cardiovascular surgeons to perform interventional cardiology procedures and high risk of infection in patients after the procedure are estimated to act as barriers to the growth of the Latin America interventional cardiology market during the forecast period.

Download Sample of This Strategic Report-: https://www.kennethresearch.com/sample-request-10346767

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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