Global Interventional Cardiology Market Worth $13,920m in 2021

Wednesday 1 March 2017, Amsterdam

This new report, now available on ASDReports, Global Interventional Cardiology Market 2017-2027: Percutaneous Coronary Intervention (PCI), Transcatheter Aortic Valve Implantation (TAVI), Transcatheter Mitral Valve Implantation (TMVR) indicates that the global interventional cardiology market will see $13,920m in spending in 2021.

The global interventional cardiology market is expected to grow at a CAGR of 11.1% in the first half of the forecast period and CAGR of 16.9% in the second half of the forecast period. The market is expected to grow at a CAGR of 15.0% from 2017 to 2027. The market is estimated at $13,920m in 2021 and $35,537m in 2027.

The lead analyst of the report said: “The Interventional Cardiology market is anticipated to witness a robust growth during the years of forecast owing to the growing awareness of existing technologies, launch of new innovative products and rapid adoption of these emerging technologies in developed countries such as US and Europe. Moreover, we anticipate more companies entering this market during the forecast period while; the existing players would try to fortify their global position through geographical expansion by setting up their operations in emerging economies such as China, India, Brazil, Russia and Middle East.

The growing prevalence of coronary heart diseases, aortic stenosis and mitral valve stenosis have triggered the demand for more innovative and less invasive. Hence, demand for interventional cardiac procedures is expected to drive the growth of interventional cardiology devices market. The TAVR and TMVR devices are expected to have high growth rate in the coming years. Visiongain also expects the bioresorbable stents market to witness a robust growth during the forecast period. However; premium pricing of these products may hinder the growth of the market especially in countries with weak social insurance structure.”