Pediatric Interventional Cardiology Market: Trends, Opportunities & Segmentation 2024
Pediatric Interventional Cardiology Market: Overview
Interventional cardiology incorporates catheter based treatments for cardiac disorders and is performed by certified interventional cardiologists. Majority of the interventional cardiology procedures are considered to be minimally invasive as these do not involve the use of multiple instruments to enter the body or large incisions (open surgeries). These procedures involve the use of catheters inserted into femoral artery in the upper leg. Real time x-ray is used to guide the catheter towards heart or vascular area. There are several advantages of interventional cardiological procedures such as low risk of infection, short postoperative recovery times and avoidance of large scars.
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Pediatric Interventional Cardiology Market: Trends and Opportunities
Cardiac catheterization, percutaneous valve repair, balloon valvuloplasty, embolic protection, use of stents, and atherectomy are some of the types of the interventional cardiology procedures. Disorders such as coronary artery disease, heart valve disorder and peripheral artery disorders are some of the conditions treated with the help of interventional cardiology procedures. Interventional treatment plans are recommended on a patient-by-patient basis and there are certain risks associated with interventional procedures. For instance, during angioplasty a patient may have a heart attack, coronary arteries can be damaged during the procedure and these can also lead to kidney damage and brain strokes. Complications of these procedures are blood clots, restenosis and bleeding.
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Cardiac catheterization procedures are instrumental in providing care for the pediatrics with congenital heart defects. Initially these procedures were performed as diagnostics that helped determine hemodynamic information and identify child’s heart defects. However, advances in technology have altered the focus of cardiac catheterization procedures from diagnosis to treatment. Technological sophistication in devices such as catheters, balloons, stents and cardiac catheterization equipment and development of echocardiography to diagnose heart defects further support the use of these devices in enhancing the benefits of interventional cardiology procedures in children.
Pediatric interventional cardiology market exhibits immense growth potential majorly due to increasing pediatric patient base and huge unmet needs of the same.
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Pediatric Interventional Cardiology Market: Segmentation
The market for pediatric interventional cardiology can be analyzed on the basis of several heart disease valve closure devices along with transcatheter heart valves and others. Heart closure devices comprises atrial septal defect and ventricular septal defect closure devices, transcatheter valves are further categorized into transcatheter pulmonary and aortic valves. Angioplasty balloons, catheters, guidewires and catheters represent other interventional cardiology devices.
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The geographical landscape of the market includes the analysis for four major geographies namely Asia-Pacific, North America, Europe and RoW. North America and Europe would account for the largest market shares, attributed to presence of technologically advanced healthcare infrastructure and increasing preference for minimally invasive procedures for correction of heart defects. However, with the increasing patient base and lucrative business opportunities in the emerging economies such as India and China would increase the growth of the market in these regions in near future.
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Pediatric Interventional Cardiology Market: Drivers and Restraints
The factors influencing the growth of the market are continuous technological advances coupled with high degree of adoption of advanced technologies. In addition, increasing preference for minimally invasive procedures, increased investments in R&D by the market players towards development of novel devices and increased affordability of patients’ further fuel the growth of the market. On the other hand high cost of these procedures and presence of limited resources for effective diagnosis of heart defects might hamper the growth of the market.
Furthermore, focus on development of biodegradable interventional cardiology devices along with impressive growth and uptake of transcatheter heart valves would provide lucrative growth prospects for the established and emerging players in this market. St. Jude Medical, Abbott Vascular, Cordis Corporation, GE Healthcare, Medtronic, Inc., Boston Scientific Corporation and are some of the key players competing in this market.
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