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North American Interventional Cardiology and Peripheral Devices Market – New Revenue Pockets
The North American interventional cardiology and peripheral devices market is significantly impacted by lower volume of coronary angioplasty procedures and increasing prevalence rate of peripheral artery diseases. With the advent of superior minimally invasive techniques, interventionists adopted advanced stenting procedures during angioplasty. The Rising awareness for accurate placement of stent increases the demand for better diagnosis of clogged vessels. Hence, the North American market possesses a significant growth potential for the advanced angiography catheters, including intravascular ultrasound (IVUS) and optical coherence tomography (OCT) catheters. Although the conventional diagnostic catheter is a routinely used instrument during angioplasty, better diagnosis of thrombus using IVUS and OCT catheters seizes a considerable market space in the interventional cardiology and peripheral devices market.
In addition to better diagnosis, advanced surgical equipment such as bioabsorbable stents and retrievable inferior vena cava filters (IVC) are expected to drive the market momentum. The clinical success achieved in various countries encourages speedier approval of bioabsorbable stents in the U.S. market; whereas, Canada has already adopted this novel technology on a special access basis from the Health Canada. The bioabsorbable stents possess an immense growth potential and minimize the risk of restenosis significantly. The North American bioabsorbable stents volume market is expected to reach over 19 thousand units, growing at a CAGR of 62.2%. Besides bioabsorbable stents, retrievable inferior vena cava filtersare also poised to grow at a higher CAGR,as it helps in reducing long-term post surgical risk associated with permanent IVC filters. The North American retrievable inferior vena cava filters volume market is poised to grow at a CAGR of 14.8% during the forecast period (2013-2018).
The incidence rate of peripheral arterial disease and deep vein thrombosis/pulmonary embolism (DVT/PE) is expected to widen the scope of the corresponding devices’ market growth in North America. Moreover, DVT/PE has high mortality risk associated with late diagnosis. Hence, interventionists focus on better therapeutic options to treat such ailments. In a nutshell, surgical devices, that are intended to be used in peripheral interventions and DVT treatments, are expected to drive the North American interventional cardiology and peripheral devices market in the coming years.
North American Interventional Cardiology & Peripheral Vascular Devices Market by Angioplasty Balloon (Plain/Old, Cutting), Stent (Bioabsorbable, Drug-Eluting), Catheter (IVUS, OCT), IVC Filter (Retrievable), Endovascular Stent Graft - Forecast to 2018
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