The global percutaneous
coronary intervention market is predicted to touch USD 15,205.4 million
at a 7.1% CAGR over the forecast period (2017-2023), in accordance with
the latest Market Research Future (MRFR) report. Formerly referred as
angioplasty with stent, percutaneous coronary intervention or PCI is a
non-surgical technique which utilizes a catheter (thin flexible tube)
for placing a small structure known as a stent for opening up blood
vessels in the heart which has been narrowed due to buildup of plaque, a
condition referred to as atherosclerosis.
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Percutaneous
coronary intervention helps in improving blood flow, thereby reducing
angina (chest pain that is heart-related), making a patient feel better
along with increasing their ability to be active. Generally, this
procedure is scheduled much ahead of time. PCI can also be used for
alleviating congestive heart failure, preventing heart attacks, and
above all allowing some patients in avoiding surgical treatment (CABG-
coronary artery bypass graft) which includes extensive surgery followed
by long rehabilitation time often.
Various
factors are propelling the percutaneous coronary intervention market
growth. These factors, as stated by the latest MRFR report, include
rising incidences of various cardiac diseases, growing preference for
procedures that are minimally invasive, and growing geriatric population
who are more susceptible to cardiac diseases.
On
the contrary, strict government regulations and risk of infection are
factors that may hamper the percutaneous coronary intervention market
growth over the forecast period.
Percutaneous Coronary Intervention Market Segmentation
The MRFR report provides a complete segmental analysis of the Percutaneous Coronary Intervention Statistics report based on end-user as well as product type.
Based
on product type, the percutaneous coronary intervention market is
segmented into accessories, coronary guidewire, PTCA catheters, and
coronary stents. Of these, the coronary stents segment will have the
largest share in the market over the forecast period. This is chiefly
due to the introduction of new products in this market.
Based on end user, the percutaneous coronary intervention market is segmented into research & academic institutes, ambulatory surgical centers, hospitals and specialty clinics, and others. Of these, the hospitals and specialty clinics segment will dominate the market over the forecast period. This is due to the higher availability of experts required for performing the procedure coupled with a higher footfall of patients in hospitals.
Percutaneous Coronary Intervention Market Regional Analysis
By
region, the percutaneous coronary intervention market report covers the
latest trends and growth opportunities across Europe, the Asia Pacific
(APAC), the Americas, and the Middle East and Africa (MEA). Of these,
the Americas is expected to dominate the market during the forecast
period due to the increasing acceptability of percutaneous coronary
intervention methods and growing awareness.
Europe
is projected to have the second-largest share in the market during the
forecast period. This is owing to the growing number of hospitalizations
for percutaneous coronary intervention methods such as cerebral
angioplasty and carotid artery angioplasty.
The
percutaneous coronary intervention market in the APAC region is
predicted to grow at the fastest pace over the forecast period. This is
owing to developing healthcare infrastructure and the growing prevalence
of cardiovascular ailments. Moreover, increasing disposable income is
further adding to the growth of the market in this region.
In
the MEA, the percutaneous coronary intervention market is predicted to
have a steady growth over the forecast period. The UAE, Kuwait, and
Saudi Arabia are the key contributors in this region owing to the
increasing incidences of percutaneous coronary intervention.
Percutaneous Coronary Intervention Market Key Players
Leading players profiled in the percutaneous coronary intervention market report include Terumo Corporation (Japan), Merit Medical System (Utah), Meril Lifesciences Pvt. Ltd (India), Medtronic PLC (US), Cordis (US), Cook (US), Comed BV (Netherlands), C. R. Bard, Inc. (US), Boston Scientific Corporation (US), BIOTRONIK (US), Biosensors International Group, Ltd (Singapore), B. Braun Melsungen AG (UK), ASAHI INTECC Company Limited (Japan), and Abbott (US), among others. Key players are adopting different strategies to create a niche in the market, such as research and development, joint ventures, mergers and acquisitions, partnerships, product innovations and launches, collaborations, and more.
1 Report Prologue
2 Executive Summary
3 Introduction
3.1 Definition 20
3.2 Scope Of The Study 20
3.3 Assumptions & Limitations 21
3.4 Market Structure 21
4 Research Methodology
4.1 Research Process 23
4.2 Primary Research 24
4.3 Secondary Research 25
4.4 Market Size Estimation 25
4.5 Forecast Model 26
5 Market Dynamics
5.1 Introduction 28
5.2 Drivers 29
5.2.1 Rising Prevalence Of Heart Diseases 29
5.2.2 Increasing Preference For Minimally Invasive Procedures 29
5.2.3 Increasing Geriatric Population 29
5.3 Restraints 30
5.3.1 Risk Of Infection 30
5.3.2 Stringent Government Regulations 30
5.4 Opportunities 30
5.4.1 Favorable Reimbursement Scenario 30
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