PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1534183
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1534183
The Global Pediatric Interventional Cardiology Market is valued at approximately USD 2.6 billion in 2023 and is projected to grow at a healthy growth rate of more than 5.7% over the forecast period 2024-2032. Pediatric interventional cardiology, a specialized subset of cardiology, employs catheter-based techniques to treat heart disorders in infants, children, and adolescents up to 18 years of age. These techniques, such as balloon angioplasty, coil occlusion, stent implantation, and aortic valve stenosis, offer minimally invasive alternatives to conventional cardiological treatments, thereby reducing post-surgery complications. Consequently, they are extensively utilized in angioplasty, valvuloplasty, coronary thrombectomy, and congenital heart defect correction procedures across clinical testing laboratories, hospitals, cardiac centers, and research institutes.
The market is experiencing robust growth due to the increasing prevalence of congenital cardiac diseases in children, such as atrial septal defect (ASD), atrioventricular canal defect, patent ductus arteriosus (PDA), and ventricular septal defect (VSD). The introduction of novel pediatric interventional cardiology devices, including catheters, bio-absorbable stents, guidewires, balloons, stents, and vascular closure devices, is a significant growth driver. Additionally, the growing inclination toward non-invasive medical treatments, driven by benefits such as lower infection risk, shorter postoperative recovery times, and avoidance of large scars, is bolstering the market growth. Further, rising healthcare expenditure, government initiatives to expedite regulatory procedures, extensive research and development activities, and significant technological advancements in cardiology are creating a positive market outlook.
The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America dominated the market in 2023, owing to advanced healthcare infrastructure, high healthcare expenditure, and the presence of key market players. The Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by improving healthcare infrastructure, increasing healthcare spending, and rising awareness regarding pediatric interventional cardiology.