Asia-Pacific Interventional Cardiology and Peripheral Vascular Devices Market, By Product (Angioplasty Balloons, Stent, Catheters, Endovascular Aneurysm Repair Stent Grafts, Inferior Vena Cava (IVC) Filters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices & Others and Accessories), Type (Conventional and Advanced), Procedure (Iliac Intervention, Femoropopliteal Interventions, Tibial (Below-The-Knee) Interventions, Peripheral Angioplasty, Arterial Thrombectomy and Peripheral Atherectomy), Indication (Peripheral Arterial Disease and Coronary Intervention), Age Group (Geriatric, Adults and Paediatric) End User (Hospitals, Ambulatory Surgery Centers, Nursing Facilities, Clinics and Others), Distribution Channel (Direct Tender, Third Party Distributors and Others) Industry Trends and Forecast to 2029.
Asia-Pacific Interventional Cardiology and Peripheral Vascular Devices Market Analysis and Insights
Chronic diseases and conditions are on the rise globally. The coronary heart disease (CHD) is largely preventable, as many of its risk factors are modifiable. These include tobacco smoking, biomedical risk factors, such as high blood pressure and high blood cholesterol, insufficient physical activity, poor diet and nutrition, and overweight and obesity. The financial burden for the treatment of coronary artery disease and vascular disease arises due to hospitalizations, treatments, revascularization procedures, clinic visits, emergency visits, and prescribed drug treatments.
The drivers responsible for the growth of the Asia-Pacific interventional cardiology and peripheral vascular devices market are the increased prevalence of coronary artery diseases, ischemic heart disease and vascular disease, surge in awareness about the timely treatment and use of the devices, technological advancements in the cardiology and peripheral vascular devices, increased interest towards non-invasive surgery and favorable reimbursement policies. However, factors that are expected to restrain the market growth are rise in the cost of the devices, risks observed while using the devices, rise in product recall, and availability of alternate treatments.
The interventional cardiology and peripheral vascular devices is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that the interventional cardiology and peripheral vascular devices market will grow at a CAGR of 8.4% during the forecast period of 2022 to 2029.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By Product (Angioplasty Balloons, Stent, Catheters, Endovascular Aneurysm Repair Stent Grafts, Inferior Vena Cava (Ivc) Filters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices, Others & Accessories), Type (Conventional and Advanced), Procedure (Iliac Intervention, Femoropopliteal Interventions, Tibial (Below-The-Knee) Interventions, Peripheral Angioplasty, Arterial Thrombectomy and Peripheral Atherectomy), Indication (Peripheral Arterial Disease and Coronary Intervention.), Age Group (Geriatric, Adults and Paediatric ) End User (Hospitals, Ambulatory Surgery Centers, Nursing Facilities, Clinics and Others.), Distribution Channel (Direct Tender, Third Party Distributors and Others)
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Countries Covered
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China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific
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Market Players Covered
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Medtronic, BD., Cordis., Abbott., Boston Scientific Corporation, AngioDynamics., SMT, Edwards Lifesciences Corporation., Biosensors International Group, Ltd., W. L. Gore & Associates, Inc., Teleflex Incorporated., OrbusNeich Medical Company Limited, Merit Medical Systems., Terumo Medical Corporation, B. Braun Melsungen AG, MicroPort Scientific Corporation, Lepu Medical Technology(Beijing)Co.,Ltd and Koninklijke Philips N.V.
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Asia-Pacific Interventional Cardiology and Peripheral Vascular Devices Market Dynamics
Drivers
- The Rise in Prevalence of Chronic Diseases, such as Coronary Artery Disease, Ischemic Heart Disease and Vascular Diseases
Chronic diseases and conditions are on the rise globally. The coronary heart disease (CHD) is largely preventable, as many of its risk factors are modifiable. These include tobacco smoking, biomedical risk factors, such as high blood pressure and high blood cholesterol, insufficient physical activity, poor diet and nutrition, and overweight and obesity. The financial burden of coronary artery disease and vascular disease arises from hospitalizations, treatments, revascularization procedures, clinic visits, emergency visits, and prescribed drug treatments, thereby propelling the growth of the market.
- Awareness Among the Population about the Treatment and Use of the Devices
Coronary heart disease is the leading cause of death among women. The knowledge about heart and vascular disease can impart a healthy lifestyle. The adequate awareness about symptoms and their risk factors may help reduce the population's exposure to modifiable risk factors and thereby contribute to prevention and control strategies. Awareness about the symptoms of cardiovascular and vascular diseases would result in timely treatment.
Also, the favourable reimbursement policies in these countries is expected to drive the growth of market.
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Opportunities
- Growing Geriatric Population
Moreover, the world’s geriatric population is increasing at a rapid rate. Elderly people have become an increasingly prevalent population of various cardiovascular diseases, which are considered as the most distributed cause of death worldwide will boost new opportunities for the market's growth rate.
Also, the increasing drug approvals will provide beneficial opportunities for the interventional cardiology and peripheral vascular devices market in the forecast period of 2022-2029. Also, the partnership and agreement by major players will escalate the growth rate of the interventional cardiology and peripheral vascular devices in the future.
Restraints/Challenges Asia-Pacific Interventional Cardiology and Peripheral Vascular Devices Market
However, the rise in cost of catheters and balloon angioplasty devices is due to technological development and increased demand for interventional cardiology and peripheral vascular devices by cardiologists in hospitals, clinics, nursing facilities, and ambulatory surgical centres. Due to high research and development costs, the cost of clinical trials of the cardiology and peripheral vascular devices and market factors, a unique cardiology device will carry a premium price. Therefore, the present high cost is expected to show a descending trend in the future
This interventional cardiology and peripheral vascular devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on interventional cardiology and peripheral vascular devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post COVID-19 Impact on Interventional Cardiology and Peripheral Vascular Devices Market
The COVID-19 has negatively affected the interventional cardiology and peripheral vascular devices market. Lockdowns and isolation during pandemics complicate the disease management and medication adherence. The lack of access to health-care facilities for routine treatment and medication administration will further affect the market. Social isolation increases stress, despair, and social support, all of which may cause a reduction in anticonvulsant medication adherence during the pandemic.
Recent Development
- In September 13, 2021, Medtronic announced that the company collaborated with Mpirik who are known to provide a suite of cloud based automated patient screening and care pathway for cardiovascular diseases. This collaboration helps company to address disparities in care associated with prevention of sudden cardiac arrest with their advanced artificial intelligence platform, thereby aiding company to further improve their leadership in market
Asia-Pacific Interventional Cardiology and Peripheral Vascular Devices Market Scope
Asia-Pacific interventional cardiology and peripheral vascular devices market is categorized into seven notable segments, which are based on product, type, procedure, indication, age group, end user, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product
- Angioplasty Balloons
- Stent
- Catheters
- Endovascular Aneurysm Repair Stent Grafts
- Inferior Vena Cava (IVC) Filters
- Plaque Modification Devices
- Hemodynamic Flow Alteration Devices
- Others & Accessories
On the basis of product, the Asia-Pacific interventional cardiology and peripheral vascular devices market is segmented into angioplasty balloons, stent, catheters, endovascular aneurysm repair stent grafts, inferior vena cava (IVC) filters, plaque modification devices, others & accessories and hemodynamic flow alteration devices.
Type
- Conventional
- Advanced
On the basis of type, the Asia-Pacific interventional cardiology and peripheral vascular devices market is segmented into conventional and advanced.
Procedure
- Iliac Intervention
- Femoropopliteal Interventions
- Tibial (Below-The-Knee) Interventions
- Peripheral Angioplasty
- Arterial Thrombectomy
- Peripheral Atherectomy
On the basis of procedure, the Asia-Pacific interventional cardiology and peripheral vascular devices market is segmented into iliac intervention, femoropopliteal interventions, tibial (below-the-knee) interventions, peripheral angioplasty, arterial thrombectomy, and peripheral atherectomy.
Indication
- Peripheral Arterial Disease
- Coronary Intervention
On the basis of indication, the Asia-Pacific interventional cardiology and peripheral vascular devices market is segmented into peripheral arterial disease and coronary intervention.
Age Group
- Geriatric
- Adults
- Pediatric
On the basis of age group, the Asia-Pacific interventional cardiology and peripheral vascular devices market is segmented into geriatric, adults, and paediatric.
End User
- Hospitals
- Ambulatory Surgery Centers
- Nursing Facilities
- Clinics
- Others
On the basis of end user, the Asia-Pacific interventional cardiology and peripheral vascular devices market is segmented into hospitals, ambulatory surgery centers, nursing facilities, clinics, and others.
Distribution Channel
- Direct Tender
- Third Party Distributors
- Others
On the basis of distribution channel, the Asia-Pacific interventional cardiology and peripheral vascular devices market is segmented into direct tenders, third party distributors, and others.
Interventional Cardiology and Peripheral Vascular Devices Market Regional Analysis/Insights
The interventional cardiology and peripheral vascular devices market is analysed and market size insights and trends are provided by country, product, type, procedure, indication, age group, end user, and distribution channel as referenced above.
The countries covered in the gastric cancer treatment market report are China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and rest of Asia-Pacific.
China dominates the interventional cardiology and peripheral vascular devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major key players and well-developed healthcare infrastructure in this country.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to high competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Interventional Cardiology and Peripheral Vascular Devices Market Share Analysis
The interventional cardiology and peripheral vascular devices market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on interventional cardiology and peripheral vascular devices market.
Some of the major companies operating in the Asia-Pacific interventional cardiology and peripheral vascular devices market are Medtronic, BD., Cordis., Abbott., Boston Scientific Corporation, AngioDynamics., SMT, Edwards Lifesciences Corporation., Biosensors International Group, Ltd., W. L. Gore & Associates, Inc., Teleflex Incorporated., OrbusNeich Medical Company Limited, Merit Medical Systems., Terumo Medical Corporation, B. Braun Melsungen AG, MicroPort Scientific Corporation, Lepu Medical Technology(Beijing)Co. ,Ltd and Koninklijke Philips N.V. among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
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