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Global Pediatric Interventional Cardiology Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

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    Report

  • 200 Pages
  • January 2024
  • Region: Global
  • Renub Research
  • ID: 5923618
The Pediatric Interventional Cardiology Market is forecasted to reach US$ 3,917.21 Million through 2030, according to the report. Pediatric Interventional Cardiology is a medical field that gives a less invasive solution for congenital coronary heart defects. Its goal is to reduce the need for open-coronary heart surgical operation and optimize general results. In other phrases, Pediatric Interventional Cardiology is a minimally invasive remedy alternative to surgery for a few heart problems. However, it's worth noting that maximum interventional cardiology methods are nevertheless taken into consideration invasive as they require much equipment to go into the frame or perform open surgical procedures.

The pediatric interventional cardiology market proportion is expanding swiftly, driven by the rising prevalence of cardiac disorders in children and technological advancements. The demand for these devices is likewise pushed by the growing prevalence of congenital cardiac illnesses and authorities’ initiatives on this filed. Furthermore, the market benefits from the growing recognition and popularity of less invasive procedures.

Pediatric Interventional Cardiology market is projected to obtain a CAGR of 6.36% from 2024 to 2030 globally

Congenital heart defects (CHD), affecting about 1% of newborns or 40,000 births annually in the United States, according to CDC's January 2022, embody numerous types, with ventricular septal disorders (VSD) being the most common. The growing prevalence of CHD, in particular mild types, is riding the adoption of pediatric interventional cardiology devices. The growing awareness of Pediatric Interventional Cardiology and surged efforts for early coronary heart disease detection contribute to the device adoption. Public and private companies globally make investments significantly in pediatric interventional cardiology for comprehensive care, further propelling market growth in the forecast period.

Furthermore, public and private companies' growing occurrence of coronary heart diseases and initiatives are expected to contribute to the market's thriving. Public and personal groups worldwide are making more investment in pediatric interventional cardiology to provide perfect care of coronary heart patients of all ages, mainly pediatric patients. This trend is predicted to retain in upcoming years, further riding the market increase.

Extensive research and development efforts, growing consumer healthcare spending, and investments from governmental and non-governmental organizations to enhance healthcare infrastructure are key drivers propelling the market. Additionally, substantial technological developments in cardiology contribute to the marketplace's increase. The pediatric interventional cardiology market companies are expected to benefit from the growing attention on developing novel devices. The occurrence of congenital heart conditions is growing, leading to a surge in demand for new cardiology devices. Therefore, market players are that specialize in growing and launching progressive devices.

In May 2022, Royal Philips introduced the global release of EchoNavigator 4.0, a complicated picture-guided therapies approach to deal with structural heart sickness (SHD). EchoNavigator complements that manipulate of stay fusion imaging for users of Philips' EPIQ CVXi interventional cardiology ultrasound device within the company Image Guided Therapy System. The Pediatric Interventional Cardiology Market is valued at US$ 2,543.93 Million in 2023.

Stents are expected to hold a substantial market share over the upcoming years

By Device Type, the Pediatric Interventional Cardiology Market is segmented into Transcatheter Heart Valves, atherectomy, Catheters, Closure Devices, Balloons, Stents, and Others. The Stents segment is anticipated to dominate the global pediatric interventional cardiology market throughout the forecast period. This projection is grounded in the increasing prevalence of congenital heart defects in pediatric patients, necessitating effective and minimally invasive interventions. Stents are pivotal in addressing such cardiac issues, offering a reliable solution for pediatric interventional cardiology procedures. Their versatility and adaptability contribute to their prominence, providing physicians with a valuable tool to address various pediatric cardiovascular conditions. This trend indicates stent-based interventions' growing importance and efficacy in pediatric cardiac care.

Catheter-Based Valve Implantation is poised for considerable revenue growth in the foreseeable future

By Procedure, the Pediatric Interventional Cardiology Market is divided into catheter ablation, congenital heart defect correction, angioplasty, coronary thrombosis, and others. Catheter-Based Valve Implantation is poised to achieve substantial revenue growth in the coming years.

This groundbreaking medical procedure utilizes catheters for the implantation or replacement of heart valves, offering a less invasive option compared to conventional surgical interventions. The rising incidence of cardiovascular diseases and the preference for minimally invasive procedures contribute to the increasing demand for catheter-based valve implantation. Progress in medical technology, combined with positive results and shortened recovery periods, establishes this method as a key contributor in the changing realm of interventional cardiology. With growing awareness and adoption, the market is poised to experience substantial financial benefits.

Hospital segment will lead the Pediatric Interventional Cardiology market in 2023 and beyond

By End Use, the Pediatric Interventional Cardiology Market is classified into Hospitals, Ambulatory Surgical Centers, and Others. In 2023 and beyond, the hospital segment is poised to lead the Pediatric Interventional Cardiology market. Hospitals are primary centers for pediatric cardiac interventions, equipped with specialized facilities and skilled healthcare professionals. The increasing prevalence of congenital heart diseases and the demand for advanced cardiac care contribute to the dominance of hospitals in this sector. The comprehensive infrastructure of hospitals, coupled with their ability to provide diverse pediatric cardiology services, positions them as key contributors to the growth and development of the Pediatric Interventional Cardiology market.

China will capture the majority of the market share

By Countries, Pediatric Interventional Cardiology Market is split into North America (United States, Mexico & Canada), Asia (Australia, China, India, Japan), South America (Brazil & Argentina), Middle East & Africa (Israel, Saudi Arabia, South Africa), Europe (Spain, France, Belgium, Germany, Italy, Netherland, Switzerland Turkey, and United Kingdom) and Rest of World. Over the past decade, there have been notable changes in the cardiology field in China. Specifically, interventional cardiology has made impressive strides in managing coronary artery disease. Unfortunately, this disease has become increasingly prevalent in a country that was once known for its low incidence of the condition. Contributing factors include rising affluence, adopting Western dietary habits and lifestyles, and widespread smoking. Looking ahead, China is poised for significant growth in this area, thanks to untapped opportunities, a large patient population, improved healthcare facilities, government support, medical tourism, and increased manufacturing investment.

Key Players

Abbott Laboratories, Boston Scientific Corporation, General Electric, Medtronic, Siemens AG, and Cardinal Health Inc. are prominent pediatric interventional cardiology market players.

Device Type - Market has been covered from 6 viewpoints:

  • Transcatheter Heart Valves
  • Atherectomy Devices
  • Catheters
  • Closure Devices
  • Balloons
  • Stents
  • Others

Procedure - Market has been covered from 5 viewpoints:

  • Catheter-based Valve I mplation
  • Congenital Heart Defect Correction
  • Angioplasty
  • Coronary Thrombectomy
  • Others

End Use - Market has been covered from 3 viewpoints:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinic

Country - This report covers the 22 countries Pediatric Interventional Cardiology Market

North America

  • United States
  • Canada
  • Mexico

Europe

  • Belgium
  • France
  • Germany
  • Italy
  • Spain
  • Switzerland
  • United Kingdom
  • Turkey
  • Netherland
  • South America
  • Brazil
  • Argentina

Asia Pacific

  • Australia
  • China
  • India
  • Japan

Middle East & Africa

  • Saudi-Arabia
  • Israel
  • South Africa

Rest of the World

Company Insights:

  • Overview
  • Recent Development
  • Financial Insights

Companies Covered:

  • Abbott Laboratories
  • Boston Scientific Corporation
  • General Electric
  • Medtronic
  • Siemens AG
  • Cardinal Health Inc.

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Pediatric Interventional Cardiology Market
6. Market Share Analysis - Global Pediatric Interventional Cardiology Market
6.1 By Device Type
6.2 By Procedure
6.3 By End Use
6.4 By Countries
7. Device Type - Global Pediatric Interventional Cardiology Market
7.1 Transcatheter Heart Valves
7.2 Atherectomy Devices
7.3 Catheters
7.4 Closure Devices
7.5 Balloons
7.6 Stents
7.7 Others
8. Procedure - Global Pediatric Interventional Cardiology Market
8.1 Catheter- Based Valve Implantation
8.2 Congenital Haert Defect Correction
8.3 Angioplasty
8.4 Coronary Thrombectomy
8.5 Others
9. End Use - Global Pediatric Interventional Cardiology Market
9.1 Hospitals
9.2 Ambulatory Surgical Centers
9.3 Others
10. Country - Global Pediatric Interventional Cardiology Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Belgium
10.2.2 France
10.2.3 Germany
10.2.4 Italy
10.2.5 Spain
10.2.6 Switzerland
10.2.7 United Kingdom
10.2.8 Turkey
10.2.9 Netherland
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.4 Asia Pacific
10.4.1 Australia
10.4.2 China
10.4.3 India
10.4.4 Japan
10.5 Middle East & Africa
10.5.1 Saudi-Arabia
10.5.2 Israel
10.5.3 South Africa
10.6 Rest of World
11. Porter’s Five Analysis- Global Pediatric Interventional Cardiology Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis - Global Pediatric Interventional Cardiology Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players - Pediatric Interventional Cardiology Market
13.1 Abbott Laboratories
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue
13.2 Boston Scientific Corporation
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue
13.3 General Electric
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue
13.4 Medtronic
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue
13.5 Siemens AG
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue
13.6 Cardinal Health Inc.
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue
List of Figures
Figure 01: Global - Pediatric Interventional Cardiology Market (Billion US$), 2018-2023
Figure 02: Global - Forecast for Pediatric Interventional Cardiology Market (Billion US$), 2024-2030
Figure 03: Device Type - Transcatheter Heart Valves Market (Million US$), 2018-2023
Figure 04: Device Type - Forecast for Transcatheter Heart Valves Market (Million US$), 2024-2030
Figure 05: Device Type - Atherectomy Devices Market (Million US$), 2018-2023
Figure 06: Device Type - Forecast for Atherectomy Devices Market (Million US$), 2024-2030
Figure 07: Device Type - Catheters Market (Million US$), 2018-2023
Figure 08: Device Type - Forecast for Catheters Market (Million US$), 2024-2030
Figure 09: Device Type - Closure Devices Market (Million US$), 2018-2023
Figure 10: Device Type - Forecast for Closure Devices Market (Million US$), 2024-2030
Figure 11: Device Type - Balloons Market (Million US$), 2018-2023
Figure 12: Device Type - Forecast for Balloons Market (Million US$), 2024-2030
Figure 13: Device Type - Stents Market (Million US$), 2018-2023
Figure 14: Device Type - Forecast for Stents Market (Million US$), 2024-2030
Figure 15: Device Type - Others Market (Million US$), 2018-2023
Figure 16: Device Type - Forecast for Others Market (Million US$), 2024-2030
Figure 17: Procedure - Catheter- Based Valve Implantation Market (Million US$), 2018-2023
Figure 18: Procedure - Forecast for Catheter- Based Valve Implantation Market (Million US$), 2024-2030
Figure 19: Procedure - Congenital Haert Defect Correction Market (Million US$), 2018-2023
Figure 20: Procedure - Forecast for Congenital Haert Defect Correction Market (Million US$), 2024-2030
Figure 21: Procedure - Angioplasty Market (Million US$), 2018-2023
Figure 22: Procedure - Forecast for Angioplasty Market (Million US$), 2024-2030
Figure 23: Procedure - Coronary Thrombectomy Market (Million US$), 2018-2023
Figure 24: Procedure - Forecast for Coronary Thrombectomy Market (Million US$), 2024-2030
Figure 25: Procedure - Others Market (Million US$), 2018-2023
Figure 26: Procedure - Forecast for Others Market (Million US$), 2024-2030
Figure 27: End Use - Hospitals Market (Million US$), 2018-2023
Figure 28: End Use - Forecast for Hospitals Market (Million US$), 2024-2030
Figure 29: End Use - Ambulatory Surgical Centers Market (Million US$), 2018-2023
Figure 30: End Use - Forecast for Ambulatory Surgical Centers Market (Million US$), 2024-2030
Figure 31: End Use - Others Market (Million US$), 2018-2023
Figure 32: End Use - Forecast for Others Market (Million US$), 2024-2030
Figure 33: United States - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 34: United States - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 35: Canada - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 36: Canada - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 37: Mexico - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 38: Mexico - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 39: Belgium - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 40: Belgium - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 41: France - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 42: France - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 43: Germany - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 44: Germany - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 45: Italy - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 46: Italy - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 47: Spain - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 48: Spain - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 49: Switzerland - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 50: Switzerland - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 51: United Kingdom - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 52: United Kingdom - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 53: Turkey - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 54: Turkey - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 55: Netherland - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 56: Netherland - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 57: Brazil - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 58: Brazil - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 59: Argentina - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 60: Argentina - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 61: Australia - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 62: Australia - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 63: China - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 64: China - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 65: India - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 66: India - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 67: Japan - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 68: Japan - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 69: Israel - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 70: Israel - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 71: Saudi-Arabia - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 72: Saudi-Arabia - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 73: South Africa - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 74: South Africa - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 75: Rest of World - Pediatric Interventional Cardiology Market (Million US$), 2018-2023
Figure 76: Rest of World - Forecast for Pediatric Interventional Cardiology Market (Million US$), 2024-2030
Figure 77: Abbott Laboratories - Global Revenue (Billion US$), 2018-2023
Figure 78: Abbott Laboratories - Forecast for Global Revenue (Billion US$), 2024-2030
Figure 79: Boston Scientific Corporation - Global Revenue (Billion US$), 2018-2023
Figure 80: Boston Scientific Corporation - Forecast for Global Revenue (Billion US$), 2024-2030
Figure 81: General Electric - Global Revenue (Billion US$), 2018-2023
Figure 82: General Electric - Forecast for Global Revenue (Billion US$), 2024-2030
Figure 83: Medtronic - Global Revenue (Billion US$), 2018-2023
Figure 84: Medtronic - Forecast for Global Revenue (Billion US$), 2024-2030
Figure 85: Siemens AG - Global Revenue (Billion US$), 2018-2023
Figure 86: Siemens AG - Forecast for Global Revenue (Billion US$), 2024-2030
Figure 87: Cardinal Health Inc. - Global Revenue (Billion US$), 2018-2023
Figure 88: Cardinal Health Inc. - Forecast for Global Revenue (Billion US$), 2024-2030
List of Tables
Table 01: Global - Pediatric Interventional Cardiology Market Share by Device Type (Percent), 2018-2023
Table 02: Global - Forecast for Pediatric Interventional Cardiology Market Share by Device Type (Percent), 2024-2030
Table 03: Global - Pediatric Interventional Cardiology Market Share by Procedure (Percent), 2018-2023
Table 04: Global - Forecast for Pediatric Interventional Cardiology Market Share by Procedure (Percent), 2024-2030
Table 05: Global - Pediatric Interventional Cardiology Market Share by End User (Percent), 2018-2023
Table 06: Global - Forecast for Pediatric Interventional Cardiology Market Share by End User (Percent), 2024-2030
Table 07: Global - Pediatric Interventional Cardiology Market Share by Countries (Percent), 2018-2023
Table 08: Global - Forecast for Pediatric Interventional Cardiology Market Share by Countries (Percent), 2024-2030

Companies Mentioned

  • Abbott Laboratories
  • Boston Scientific Corporation
  • General Electric
  • Medtronic
  • Siemens AG
  • Cardinal Health Inc.

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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