Market Research Logo

Global Pediatric Interventional Cardiology Market - Segmented by Product and Geography - Growth, Trends, and Forecast (2018 - 2023)

Global Pediatric Interventional Cardiology Market - Segmented by Product and Geography - Growth, Trends, and Forecast (2018 - 2023)

The Pediatric Interventional Cardiology Market is expected to grow at a CAGR of 6.5%. The market is growing at a significant rate, due to the increasing instances of heart diseases in children and the rising technological advancements in the field.

Rapid Technological Advances to Boost the Market

During the last 10 years, there have been various technological advancements in the pediatric interventional cardiology market. Some of the new advancements in cardiac imaging modalities, such as intracardiac echocardiography (ICE), real-time 3-dimensional (3D), transesophageal echocardiography (TEE), cardiac computed tomography (CT), magnetic resonance imaging (MRI), holography, 3D printing, etc. These technological advances can treat congenital heart diseases. Therapies like percutaneous pulmonic valve implantation, have achieved success in the market. The recent advancement of percutaneous pulmonary valve implantations, has helped reduce the risk and stress of open-heart surgery. Hence, due to these continuous technological advances, the market is growing at a faster pace.
Other factors driving the market include increasing awareness among the population, increased preference of minimally invasive procedures over conventional surgeries, and the rising number of the congenital disorders.

Different Regulatory Policies Delaying the Product Launches

According to the FDA product classification, majority of the medical devices used in pediatric interventional cardiology belong to the class III medical devices. The class III devices are considered to be of high risk devices and are subjected to strict regulations to be certified as safe and effective. Due to a number of regulations, the process required for the approval to distribute the new products is complex, expensive, and time-consuming, which causes a delay in the product launches. Hence, due to stringent regulatory policies, the market growth is hampered.

Other factors restraining the market include expensive treatments, therapies, and unfavorable market conditions for new players.

North America holds the Largest Share of the Market

The US pediatric interventional cardiology market has the largest share among the North American countries, which can be due to the rising number of the congenital heart defects. The Asia-Pacific region is also projected to grow at a significant rate during the next 7 years, due to the growing government investments in cardiology and medical tourism.

Key Developments in the Market

March 2017: Boston Scientific announced that it had signed a definitive agreement to obtain Symetis SA, a manufacturer of transcatheter aortic valve replacement systems.


Reasons to Purchase this Report

Current and future global Pediatric Interventional Cardiology Market outlook in the developed and emerging markets
Various perspectives of the market, with the help of Porter’s five forces analysis
The segment expected to dominate the market
The region expected to witness the fastest growth rate during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in Excel)

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Rapid Technological Advances to Boost the Market Growth
6.1.2 Increasing Awareness in the Population
6.1.3 Increased Preference of Minimally Invasive Procedures over Conventional Surgeries
6.1.4 Increasing Congenital Disorders
6.2 Market Restraints
6.2.1 Different Regulatory Policies Delaying Product Launches
6.2.2 Expensive Treatment and Therapies
6.2.3 Unfavorable Market Conditions for New Players
6.3 Opportunities
6.4 Key Challenges
7. Market Segmentation
7.1 By Product
7.1.1 Closure Devices Atrial Septal Defect (ASD) Closure Devices Patent Ductus Arteriosis (PDA) Closure Devices Ventrical Septal Defect (VSD) Closure Devices Patent Foreman Ovale (PFO) Closure Devices
7.1.2 Transcatheter Heart Valves
7.1.3 Atherectomy Devices
7.1.4 Catheters
7.1.5 Guidewires
7.1.6 Balloons
7.1.7 Stents
7.1.8 Imaging Technique Intravascular Ultrasound (IVUS) Optical Coherence Tomography (OCT) Imaging Near Infrared Spectroscopy (NIRS)
7.1.9 Others
7.2 By Geography
7.2.1 North America United States Canada Mexico
7.2.2 Europe France Germany United Kingdom Italy Spain Rest of Europe
7.2.3 Asia-Pacific China Japan India Australia & New Zealand South Korea Rest of Asia-Pacific
7.2.4 Middle East & Africa GCC South Africa Rest of the Middle East & Africa
7.2.5 South America Brazil Argentina Rest of South America
8. Competitive Landscape
8.1 Mergers and Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Abbott
9.2 Boston Scientific Corporation
9.3 Cardinal Health
9.4 Edwards Lifesciences Corporation
9.5 GE Healthcare
9.6 Gore Medical
9.7 Medtronic
9.8 NuMED Inc.
9.9 Siemens Healthcare
9.10 List Not Exhaustive
10. Future of the Market

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report