ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research, in its latest market research study, states that the global interventional cardiology devices market will grow at a CAGR of 6.8% from 2012 through 2018. The market was valued at US$15.8 billion in 2011, and is projected to reach an estimated US$25.2 billion by 2018. The report, titled ‘Interventional Cardiology Devices Market (Bare Metal/Drug Eluting/Bio-absorbable Stents, PTCA Balloons, Scoring Balloons, Guidewires, Guiding Catheters, Angiography Catheters, IVUS, Balloon Inflation Devices) - Global Industry Analysis, Size, Share, Trends and Forecast, 2012 - 2018,’ discusses these growth figures in detail.
Segmentation of the global interventional cardiology devices market
The report studies the global interventional cardiology devices market by type and geography. By type, the report analyzes the following segments: Stents, percutaneous transluminal coronary angioplasty (PTCA) balloons, angiography catheters, PTCA guiding catheters, PTCA guidewires, intravascular ultrasound (IVUS), and balloon inflation devices. Segments of stents and PTCA balloons are further drilled down to the third level.
Growth drivers and high-growth segments
The report analyzes factors boosting growth, such as: Higher incidence of cardiovascular diseases, awareness and demand for minimally invasive surgeries, growing grey population worldwide, and more interventional cardiologists. The report identifies the highest opportunities for growth in the Asian region on account of unmet medical needs, coupled with higher disposable incomes of the expanding middle-class consumers here.
The market study also profiles leading companies in the interventional cardiology devices market such as: Abbott Laboratories, Johnson and Johnson, Boston Scientific Group, Medtronic Inc., and Terumo Medical.
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