Market Analysis and Insights: North America Interventional Cardiology and Peripheral Vascular Devices Market
The term interventional cardiology is an area of medicine within the subspecialty of cardiology and peripheral vascular devices that uses enhanced, conventional and advanced, and other diagnostic techniques to evaluate blood flow and pressure in the coronary arteries and chambers of the heart, as well as technical procedures and medications to treat abnormalities that impair the function of the cardiovascular system. The interventional cardiology and peripheral vascular devices are used since the devices make changes in a sedentary lifestyle. It reduces the complications of chronic cardiac diseases, such as coronary artery disease, ischemic heart disease, and vascular diseases.
The drivers responsible for the growth of the North America interventional cardiology and peripheral vascular devices market are the increased prevalence of coronary artery diseases, ischemic heart disease and vascular disease, the 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, the factors that are expected to restrain the market are the rise in the cost of the devices, the risks observed while using the devices, the rise in product recall, and the availability of alternate treatments. On the other hand, strategic initiatives by market players, rise in healthcare expenditure and increase in research and development activities, and growth in the geriatric population may act as an opportunity for the growth of the North America interventional cardiology and peripheral vascular devices market. The need for skilled expertise, lack of hospital infrastructure, and regulatory approval may create challenges for the North America interventional cardiology and peripheral vascular devices market.
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North America Interventional Cardiology and Peripheral Vascular Devices Market Scope and Market Size
The North America interventional cardiology and peripheral vascular devices market is categorized into seven segments: product, type, procedure, indication, age group, end user, and distribution channel.
- Based on product, the North America 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, accessories, and hemodynamic flow alteration devices. In 2022, the angioplasty balloons segment is expected to dominate the North America interventional cardiology and peripheral vascular devices market due to an increase in cases of peripheral arterial diseases, increased risk of a sedentary lifestyle, technological advancements in the angioplasty balloons, and the presence of reimbursement policies in healthcare in the U.S. for treatment of cardiac diseases.
- Based on type, the North America interventional cardiology and peripheralvascular devices market is segmented into conventional and standard. In 2022, the conventional segment is expected to dominate the North America interventional cardiology and peripheral vascular devices market due to the rising prevalence of cardiovascular diseases such as coronary artery diseases, carotid artery diseases, and availability and preference of the conventional interventional cardiology and peripheral vascular devices, by doctors and cardiologists, working in the U.S. and Canada hospitals.MAJOR TOC OF THE REPORT
Chapter One: - Segmentation
Chapter Two: - Analysis
Chapter Three: - Market Scope
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