Market Analysis: Europe Interventional Cardiology and Peripheral Vascular Devices Market
Europe interventional cardiology & peripheral vascular devices market is registering a substantial CAGR in the forecast period of 2019-2026. This rise in the market can be attributed to the Increasing geriatric population and incidence of chronic illness is contributing to the growth of the market.
Market Definition: Europe Interventional Cardiology and Peripheral Vascular Devices Market
The surge in the elderly population has driven the need for interventional cardiology. It is a cardiology subspecialty that uses intravascular catheter-based fluoroscopy techniques to heal coronary artery, tube and congenital heart disease Its use in diagnostic, medical and mechanical treatment, pre-and post-procedural monitoring of adolescent patients with acute and chronic types of cardiovascular disease capable of catheter-based treatment IC Balloon angioplasty, intracoronary stent introduction, kinetic athectomy, retrieval atherectomy, lateral coronary athectomy, drone valvuloplasty, lateral angioplasty. These are widely used in the hospitals, ambulatory centers, and clinics.
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Market Drivers
• Rising elderly population and surging incidence of chronic illness is driving the growth of the market
• The development in the health infrastructure of developing nations is propelling the growth of the market
• Advancement of minimally invasive methods is boosting the growth of the market
• The technical advancements and innovations and awareness-raising of patients is contributing to the growth of the market
Market Restraints
• The high cost associated with the treatment is hampering the growth of the market
• Strong approval procedures for interventional cardiology and external pulmonary equipment are restricting the growth of the market.
• The lack of hospital infrastructure is hindering the growth of the market
Segmentation: Europe Interventional Cardiology and Peripheral Vascular Devices Market
By Product
• Angioplasty Balloons
o Old/Normal balloons
o Cutting and scoring balloons
o Drug eluting balloons
• Angioplasty Stents
• Coronary stents
o Bare-metal stents
o Drug-eluting stents (DES)
o Bio absorbable stents
• Peripheral stents
• Angioplasty Catheters
o Angiography Catheters
o Guiding Catheters
• Endovascular Aneurysm Repair Stent Grafts
o Abdominal aortic aneurysm
o Thoracic aortic aneurysm
• Inferior Vena Cava (IVC) Filters
o Permanent filters
o Retrievable filters
• Plaque Modification Devices
o Thrombectomy devices
o Atherectomy devices
• Hemodynamic Flow Alteration Devices
o Embolic protection devices
o Chronic total occlusion devices
• Accessories
o Vascular closure devices
o Introducer sheaths
o Guidewires
o Balloon inflation devices
By End User
• Hospitals
• Ambulatory Centers
• Clinics
• Others
By Country
• Germany
• U.K.
• France
• Spain
• Italy
• Russia
• Turkey
• Belgium
• Netherlands
• Switzerland
• Rest of Europe
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Key Developments in the Market:
• In February 2017 Merit Medical Systems has revealed the acquisition of interventional cardiology products from Argon Medical Devices and Catheter Connections. Purchasing these items increases the Merit brand profile, enhances Merit's global presence and promotes its goal of expanding the product distribution to our hospital customers globally, and plans to promote these products through our present interventional marketing authority in cardiology.
• In December 2016, Teleflex Incorporated had acquired Vascular Solutions to drive the business forward into the coronary and peripheral vascular markets. The acquisition will enable the company to offer innovative products for patients around the world.
Competitive Analysis:
Interventional cardiology & peripheral vascular devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of interventional cardiology & peripheral vascular devices market for Germany, United Kingdom, France, Spain, Italy, Russia, Turkey, Belgium, Nether lands, Switzerland and Rest of Europe.
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Key Market Competitors:
Few of the major market competitors currently working in the Europe interventional cardiology & peripheral vascular devices market are Biosensors International Group, Ltd., W. L. Gore & Associates, Inc., Teleflex Incorporated., ORBUSNEICH MEDICAL., Merit Medical Systems, Getinge AB., JOTEC GmbH, Cook, Bolton Medical, Medtronic, Terumo Corporation, BD, B. Braun Melsungen AG, Cardinal Health., Abbott., Boston Scientific Corporation, Q3 Medical Devices Limited and Cardiovascular Systems, Inc. among others.
Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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