Global Interventional Cardiology Devices Industry Is Expected to Hit USD 26.06 Billion by 2020: Grand View Research
GrandViewResearch.com has announced the addition of "Global Interventional Cardiology Devices Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.
Online, May 19, 2014 (Newswire.com) - The Global Interventional Cardiology devices Market is expected to reach USD 26.06 billion by 2020, according to a new study by Grand View Research, Inc. Growing global geriatric population base and the prevalence of cardiovascular diseases are expected to drive market demand over the next six years. Growing demand for minimally invasive procedures owing to shorter hospital stays and faster patient recovery times associated with them is also expected to enhance device demand. The introduction of technologically advanced products such as bio-absorbable stents exhibiting higher efficacies in terms of curbing re-stenosis prevalence is expected to be a key opportunity for market participants.
Stents dominated the overall market in 2013, with revenue estimated at USD 10.31 billion. High price and usage rates associated with these products and the introduction of new products enabled with technological advancements, are some of the factors attributing to its large share.
The report "Interventional Cardiology Devices Market Analysis By Product (Catheters, PTCA Guidewires, Stents, Balloon Inflation Devices, PTCA Balloons) And Segment Forecasts To 2020," is available now to Grand View Research customers and can also be purchased directly at grandviewresearch.com/industry-analysis/interventional-cardiology-devices-market-analysis
Request free Sample of This Report @ grandviewresearch.com/industry-analysis/interventional-cardiology-devices-market-analysis/request
Further key findings from the study suggest:
1. Catheters were another key product segment in the market, with revenue estimated at over USD 1.50 billion in 2013. The introduction of new products exhibiting relatively higher efficacies such as angiography catheters is expected to drive catheter demand during the forecast period.
2. North America was the largest regional market in 2013, accounting for over 33.0% of global revenue. The presence of high healthcare expenditures, patient awareness levels and sophisticated healthcare infrastructure are some of the factors accounting for its large revenue share.
3. Asia Pacific interventional cardiology devices market is expected to grow at the highest CAGR of over 8.5% from 2014 to 2020, owing to the presence of high unmet medical needs in countries with high economic development such as India and China
4. Key industry participants include Abbott Laboratories, Terumo Medical Corporation, Medtronic Inc., B Braun Melsungen AG, Johnson & Johnson, Boston Scientific Corporation and others.
Browse All Medical Devices Market Reports @ grandviewresearch.com/industry/medical-devices
For the purpose of this study, Grand View Research has segmented the global interventional cardiology devices market on the basis of product, application and region:
i. Interventional Cardiology Devices Product Outlook
- Interventional Catheters
- IVUS Catheters
- Guiding Catheters
- Angiography Catheters
ii.PTCA Guidewires
iii. Stents
- Drug Eluting Stents
- Bare Metal Stents
- Bio-Absorbable Stents
iv. Balloon Inflation Devices
v. PTCA Balloons
- Cutting Balloons
- Scoring Balloons
- Drug Eluting Balloons
- Normal Balloons
vi. Interventional Cardiology Devices Regional Outlook
- North America
- Europe
- Asia Pacific
- RoW
Latest Market Research Published By Grand View Research:
Coal Bed Methane (CBM) Market Analysis By Application (Industrial, Power Generation, Residential, Commercial and Transportation) And Segment Forecasts To 2020 ( grandviewresearch.com/industry-analysis/styrenic-block-copolymers-sbcs-industry ) Global CBM (Coal Bed Methane) market is expected to reach USD 17.31 billion by 2020, growing at a CAGR of 5.9% from 2014 to 2020. Unconventional CBM reserves, especially in coal-rich regions are increasingly gaining the spotlight as the industry strives for energy independence. Exploration and commercialization of unconventional hydrocarbon energy sources is seen as a critical step by energy agencies, to stabilize the energy supply-demand gap in the coming years.
Drilling Fluids Market Analysis By Product (OBF, SBF, WBF) By Application (Offshore, Onshore) And Segment Forecasts To 2020 ( grandviewresearch.com/industry-analysis/drilling-fluids-market-analysis ) The global market for drilling fluids is expected to reach USD 14.92 billion by 2020, according to a new study by Grand View Research, Inc. Increasing drilling activities mainly in South America and Asia Pacific is expected to drive the market for drilling fluids. Grand View Research also observes that depleting natural has been prompting industry players to shift their focus towards exploring and developing unconventional gas reserves which promotes the use of horizontal drilling and is expected to translate into enhanced fluid demand.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit grandviewresearch.com
Contact:
Sherry James, Corporate Sales Specialist
Grand View Research, Inc
San Francisco, California, USA
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
sales@grandviewresearch.com
http://www.grandviewresearch.com