Interventional Cardiology Devices Market (Bare Metal/Drug Eluting/BIO-Absorbable Stents, PTCA Balloons, Scoring Balloons, Guidewires, Guiding Catheters, Angiography Catheters, IVUS, Balloon Inflation Devices) - Global Industry Size, Market Share, Trends, Analysis And Forecast 2012 - 2018
Albany, NY -- (SBWIRE) -- 01/29/2015 -- A new research study on the global interventional cardiology devices market, published by Transparency Market Research, states that the market will observe modest growth from US$15.8 billion in 2011 to US$25.2 billion by 2018, recording a CAGR of nearly 6.8% between 2012 and 2018. The report, titled "Interventional Cardiology Devices Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2012 - 2018", is available at the company's website for sale.
The report states that the global interventional cardiovascular devices market is driven chiefly by the rising number of cases of cardiovascular diseases on a global front, the rising global geriatric population, increased awareness about interventional cardiology techniques on a global front, and the rising numbers of specialists in the field.
Rapid technological development, leading to inventions such as drug eluting and bio-absorbable stents, has made basic interventional cardiovascular techniques even more fruitful in the past few years. This factor, coupled with a general shift in practitioner preferences from traditional open heart surgeries to interventional cardiology techniques have also given the global interventional cardiology devices market a good boost.
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The report segments the global cardiology devices market chiefly according to two classes: the types of interventional cardiology devices and the key regional markets for interventional cardiology devices.
The class interventional cardiovascular device types is further segmented into stents, intravascular ultrasound (IVUS) devices, balloon inflation devices, Percutaneous Transluminal Coronary Angioplasty (PTCA) guidewires, PTCA balloons, PTCA guiding catheters, and angiography catheters.
Amongst these, stents amassed the largest demand as well as the largest market share in the global market for interventional cardiology devices in 2011. This market segment is also expected to grow at the fastest pace during the report's forecast period on account of rising adoption of revolutionary products such as drug eluting and bio-degradable stents. The introduction of scoring balloons in the PCTA balloons section could also propel the market of PCTA balloons during the forecast period.
Chief regional interventional cardiology devices markets of the globe studied by the report are Europe, North America, Asia, and the Rest of the World (RoW). Amongst these, the market of North America amassed the largest share within the global market in 2011 owing to demand from the developed economies of Canada and the U.S., high disposable incomes, and high level of awareness among the population in these regions about the many benefits of interventional cardiology techniques.
The Asian interventional cardiology devices market is, however, the most promising regional marketplace for the forecast period, owing to the large pool of untapped healthcare opportunities, rising disposable incomes of the middle-class population and rising awareness about interventional cardiology techniques.
Browse the full Global Interventional Cardiology Devices Market (Bare Metal/Drug Eluting/BIO-Absorbable Stents, PTCA Balloons, Scoring Balloons, Guidewires, Guiding Catheters, Angiography Catheters, IVUS, Balloon Inflation Devices) - Global Industry Size, Market Share, Trends, Analysis And Forecast 2012 - 2018 report at http://www.transparencymarketresearch.com/interventional-cardiology-devices.html
Some of the key businesses operating in the global interventional cardiology devices market include Boston Scientific Group, Terumo Medical, Medtronic Inc., Johnson and Johnson, and Abbott Laboratories. These companies are profiled in the report for a better understanding of the competitive landscape.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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