PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608842
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608842
The pediatric interventional cardiology market is estimated to be valued at USD 2.88 Bn in 2024 and is expected to reach USD 5.74 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | 2.88 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 10.30% | 2031 Value Projection: | 5.74 Bn |
Pediatric interventional cardiology market is witnessing steady growth owing to the rising prevalence of congenital heart diseases in children globally. Advancements in catheter-based cardiac procedures have enabled the treatment of complex heart defects in neonates and children via minimally invasive techniques. Factors such as increasing awareness about pediatric cardiology, growing healthcare expenditures, and rising focus on pediatric heart care are expected to boost the market growth during the forecast period. However, stringent regulatory approvals and reimbursement challenges may hamper the industry expansion to some extent.
The global pediatric interventional cardiology market is driven by growing demand for advanced diagnostic and treatment alternatives. Rising pediatric population suffering from cardiovascular ailments coupled with increasing focus on pediatric cardiology care across hospitals is a key factor accelerating the industry potential. However, high costs associated with pediatric cardiac procedures and lack of comprehensive insurance coverage for congenital heart diseases in developing regions pose significant challenges for market players. On the other hand, ongoing new product development, and technological advancements in the miniaturization of cardiac devices present lucrative opportunities. Companies are investing in R&D to bring innovative procedures and devices that can enable safe pediatric cardiac interventions.
This report provides in-depth analysis of the global pediatric interventional cardiology market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
Key companies covered as a part of this study include NuMed Inc., Medtronic, GE Healthcare, Gore Medical, Abbott, Cordis Edward Lifesciences, Siemens Healthcare, Toshiba Medical Systems, Biotronik, Terumo Corporation, Boston Scientific Corporation, Cardinal Health, B. Braun SE, St. Jude Medical Inc., and MicroPort Scientific Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global pediatric interventional cardiology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pediatric interventional cardiology market