Pediatric interventional cardiology market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 8.20% in the above-mentioned forecast period.
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Pediatric interventional cardiology is basically a procedure of performing interventional cardiology on infants, children and adolescents up to 18 years. The procedures which can be performed under interventional cardiology are angioplasty, congenital heart defect correction, valvuloplasty and coronary thrombectomy. This procedure is widely used in various hospitals, clinical testing laboratories, cardiac centers, pediatric clinics, and research institutions.
The growing cases of congenital anomalies, increasing awareness about the need for pediatric interventional cardiology devices are the significant factors responsible for driving the growth of the pediatric interventional cardiology market. Additionally, the rising demand for early detection of problem with minimal invasive treatment and technological advancement in field also heighten the overall growth of the market. However, the high treatment cost and strict regulatory policies on procedures obstruct the market’s growth.
North America dominates the market due to rising adoption of pediatric interventional cardiology technology and presence of key players in region. Asia-Pacific is expected to show a rapid and lucrative growth rate in the forecast period owing to the rising economies like China and India and rising government initiatives toward improving healthcare infrastructure. Moreover increasing awareness and growing medical tourism are also factor driving region market growth.
Some of the major players operating in the pediatric interventional cardiology market report are Johnson & Johnson Private Limited, Medtronic, GENERAL ELECTRIC, Abbott, BD, B. Braun Melsungen AG, Cardinal Health, Abbott, Terumo Medical Corporation, W.L. Gore & Associates, Inc., Boston Scientific Corporation, Edward Lifesciences Corporation, Siemens, NuMed, Inc., Agilent Technologies, Inc., Koninklijke Philips N.V., and F. Hoffmann-La Roche Ltd., among others.
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