DUBLIN--(BUSINESS WIRE )--The "Interventional Vascular Consumables Market Research Report: By Type, Product Type - Revenue Estimation and Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
From an estimated $3,929.2 million in 2021, the interventional vascular consumables market revenue is predicted to grow to $5,501.7 million by 2030, at a CAGR of 3.8%.
Since interventional vascular procedures are performed on the arteries and veins, the rising incidence of heart diseases has a direct positive influence on the demand for the consumables used during these procedures.
Among all the consumables used, the demand for catheters is the highest. This is because catheters are widely used to introduce drugs and other agents through the blood vessels to the site of intervention or remove fluids from the body.
Moreover, most catheters are used only once, to protect patients from hospital-acquired infections; therefore, they need to be procured in bulk regularly.
Currently, the strongest positive impact of product launches for market players is being seen in North America. Led by the U.S., the region is home to the largest healthcare sector in the world.
Moreover, the established medical reimbursement system allows people to undergo interventional vascular and other procedures, which drives the demand for the associated consumables. Moreover, the CDC says that in the U.S., 14.2% of the population above the age of 45 years reports a stroke, coronary artery disease, or both.
The major companies in the interventional vascular consumables market are Boston Scientific Corporation, Abbott Laboratories, Medtronic plc, Terumo Corporation, Cook Medical LLC, Becton, Dickinson and Company, Merit Medical Systems Inc., Heraeus Holding GmbH, B. Braun Melsungen AG, and Johnson & Johnson.
Apart from launching new consumables, they are engaging in mergers and acquisitions and facility and geographical expansions.
Key Findings of Interventional Vascular Consumables Market Report
Chapter 4. Voice of Industry Experts/Kols
Chapter 6. Definition of Market Segments
7.1.2.1 High Healthcare Expenditure and Early Adoption of Interventional Radiology Procedures
7.1.2.2 Increasing Demand for Vascular Interventional Procedures Among Geriatric Population
7.1.2.3 Strong Interventional Vascular Consumables Supply Chain
7.1.3 Impact Analysis of Drivers on Market Forecast
7.1.4.1 High Pricing and Complex Manufacturing
7.1.5 Impact Analysis of Restraints on Market Forecast
Chapter 8. Global Market Size and Forecast
8.2 Market Revenue, by Type (2015-2030)
8.3 Market Revenue, By, Product Type (2015-2030)
8.4 Market Revenue, by Region (2015-2030)
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900