The global interventional cardiology devices market is anticipated to grow at a significant CAGR of 7.1% during the forecast period. Interventional cardiology is the subspecialty of cardiology that uses specialized catheter-based techniques to diagnose and treat coronary artery disease, vascular disease, structural heart disease, and congenital heart defects. The interventional cardiology devices market is experiencing growth owing to the increased investment from established market players as well as the emergence of new start-ups globally. These investments are fostering the rapid development of advanced devices thereby improving treatment options for patients with cardiovascular conditions.
For instance, in March 2023, Magenta Medical, raised a $55 million financing round led by global healthcare investment manager OrbiMed, with participation from existing investors New Enterprise Associates (NEA), Pitango VC, and ALIVE - Israel Health Tech Fund. The financing will be used, among other things, to advance the clinical programs of the company’s product in the United States toward its first FDA approval. The company is developing Magenta’s percutaneous Left Ventricular Assist Device (VAD). It is a compact heart pump that is inserted through the groin and expands inside the left ventricle. It adjusts pump flow based on the patient's condition, allowing the heart to rest and promote recovery. Also, in September 2022, Terumo Cardiovascular, a company that makes medical devices for heart and blood vessel surgeries, opened a new factory in Costa Rica. This factory will make special equipment for heart surgeries. Terumo invested $42 million in its global manufacturing operations to enhance its manufacturing capabilities.
Furthermore, the established market players are strategically involved in expanding their product portfolio, thereby propelling the growth of the market. For instance, in February 2023, Abbott, a medical technology company, announced to buy Cardiovascular Systems, a company that makes devices for removing plaque from blood vessels. Abbott will pay $20 for each share of Cardiovascular Systems, which adds up to a total of about $890 million. After the acquisition, Cardiovascular Systems devices will become part of Abbott's products for treating vascular diseases. This includes guidewires, catheters, and devices used to remove plaque from blood vessels.
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Market Coverage
- The market number available for – 2023-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Product Types
- By End Users
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Includes Boston Scientific Corporation, Medtronic PLC, Abbott Laboratories, Edwards Lifesciences Corp., Edward Lifesciences Corp., Terumo Corp., and B. Braun Melsungen AG., and others.
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Interventional Cardiology Devices Market Report Segment
By Product Types
- Catheters
- PTCA Guidewires
- Stents
- Balloon Inflation Device
- PTCA Balloons
By End Users
- Hospitals
- Cardiac Catheterization Laboratories
- Ambulatory Surgical Centers
- Cardiac Clinics
- Academic and Research Institutions
Interventional Cardiology Devices Market Report Segment
By Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Balton Sp. z o.o.
- Biosensor International
- Biotronik SE & Co. KG
- Cardinal Health, Inc.
- Comed B.V.
- Edwards Lifesciences Corp.
- Endocor GmbH
- iVascular S.L.U.
- Johnson & Johnson
- Koninklijke Philips N.V.
- Medinol Ltd.
- Penumbra, Inc.
- Rontis AG
- Scitech
- SMT (Sahajanand Medical Technologies Pvt. Ltd.)
- Stentys SA
- Terumo Corp.
- WELLINQ
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