US Interventional Cardiology Device Market Report
July 8, 2015 | PRNewswireEstimated reading time: 1 minute
Interventional cardiology is a minimally-invasive technique that uses catheters to treat coronary arterial disease, which is one of the leading causes of death in the United States. The most common interventional cardiology procedure is percutaneous transluminal coronary angioplasty (PTCA), which is performed for the management of coronary atherosclerosis.
There are many different types of complementary devices used during interventional cardiology procedures. These devices include coronary stents, PTCA and cutting balloon catheters, balloon-inflation devices, interventional coronary catheters and guidewires, coronary embolic protection devices, coronary atherectomy devices, coronary thrombectomy devices, coronary chronic total occlusion devices, coronary introducer sheaths, coronary vascular closure devices, diagnostic coronary catheters and guidewires, fractional flow reserve (FFR) guidewires, intravascular ultrasound (IVUS) catheters and optical coherence tomography (OCT) catheters.
The interventional cardiology market has been declining recently due to decreases in stenting procedures. In recent years, over-stenting has been scrutinized heavily, with multiple studies estimating that approximately 30% of stenting is unnecessary. This scrutiny has resulted in a significant decrease in the stent market, and since this market is by far the largest out of the total interventional cardiology market, these declines have had a significant negative impact on the total market.
Many established standard items have become commodities and are close to homogeneous in their substitutability. Thus, it has been and will continue to be the role of new or specialized devices that receive positive clinical trials to act as catalysts for growth and to increase the market share of companies that are able to capitalize on the opportunity.
Read the full report here.
About Reportlinker
ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Suggested Items
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.
Catching Up With Chasom Electronics
04/16/2024 | Dan Beaulieu, D.B. Management GroupI recently met with Chasom Electronics’ founding director Anil Kumar. Chasom offers a unique menu of services for companies looking to extend their technology capabilities on a short- or long-term basis. Read on to learn about this very unique service company.
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
Real Time with... IPC APEX EXPO 2024: A Strategic Market Realignment
04/16/2024 | Real Time with...IPC APEX EXPOMarcy LaRont hosts Thomas Kunz of Schmoll Maschinen GmbH and Kurt Palmer of newly formed Schmoll America to discuss the strategic changes and developments at Schmoll with their departure from Burkle North America in this Real Time with... IPC APEX EXPO 2024 video interview.