Percutaneous Coronary Intervention (PCI) Devices Market Size, Share, Growth and Industry Analysis, By Type (Coronary Stents, PTCA Catheters, Coronary Guidewires, Embolic Protection Devices), By Application (Hospitals, Clinics and Others), and Regional Forecast to 2032

Updated On: 11 November 2024

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PERCUTANEOUS CORONARY INTERVENTION DEVICES MARKET REPORT OVERVIEW

The Percutaneous Coronary Intervention (PCI) Devices Market Size is Projected to be worth US$ 4989 Million in 2024. The market is likely to surpass US$ 7007 Million by 2032 at a CAGR of 3.4% During the Forecast period [2024-2032].

Percutaneous Coronary Intervention (PCI) Devices Marketplace statement pursues to enable the documentation and organization of business chances, in addition to, the improvement of the prevailing policies for marketplace achievement. The PCI report is astral by types, applications, and regional divisions, giving readers the entire picture of the market.

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Covid 19 Impact: Market Growth Restrained by Pandemic Due to Supply Chain Disruptions

Several reasons for having such a point of view the global pandemic in the form of the COVID-19 infection Limited market growth because of disruptions in supply chains. The coronavirus pandemic is and was global, and the market has faced significantly low demand in all regions as compared to pre-covid times. This has been occasioned by the upward fluctuation of CAGR, which shows that the market has grown and became demanding again as it was before the pandemic.

However, the pandemic has unveiled the relevance of the healthcare system, and organizations have endeavoured to design better assets in response to cardiovascular emergencies, inclusive of PCI equipment. Due to the shifts that emerged in the work of healthcare systems during the pandemic, the PCI intervention heightened for severe conditions that might deteriorate if treated later. The leading trend of COVID-19 recovery’s long-term consequence in the Percutaneous coronary intervention (PCI) market is the improvement of healthcare systems that will create demand for PCI applications in the next years.

LATEST TRENDS

"Growing Population of Consumers Drives the Market Growth"

The higher demand due to development of minimally invasive procedures is the reason for the growth of the market. Increasing demand towards the less invasive surgical procedures which comprise of the PCI is one of the trends that will foster the growth of Percutaneous Coronary Intervention (PCI) Devices Market growth. Given the trends of the patient and health care provider’s demand for the procedures with less recovery time, fewer complications, and are inexpensive, the need for PCI devices is likely to increase. This factor is expected to give impetus to the growth of the market in the forecast period.

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PERCUTANEOUS CORONARY INTERVENTION DEVICES MARKET SEGMENTATION

By Type

• Coronary Stents: These are small tubes that can be opened up to increase their size and they are used to keep coronary arteries open and are the commonest PCI devices.

• PTCA Catheters: PTCA catheters are used for the deployment of stents or for the PTCA or the angioplasties in the PCI cases.

• Coronary Guidewires: thin filaments assist to guide the catheter toward the region of occlusion during a PCI procedure.

• Embolic Protection Devices: These gadgets are designed to filter and eliminate certain particles that may be dislodged during PCI, so that they do not obstruct further passage to smaller vessel.

By Application

• Hospitals: Most of PKI procedures occur in hospitals because the equipment as well as the personnel required to perform these procedures is specialized.

• Clinics: Some PCI procedures are carried in specialized clinic which has all the requisite apparatus and professional service providers.

• Other: This includes for example ambulatory surgical centers and other establishments that may conduct PCI procedures.

DRIVING FACTORS

"Technological Advancements & Market Growth – Innovations Key to Market Expansion"

Therapies like drug eluting stents and bioresorbable Scaffold which are used in PCI are promulgating the PVC, Per Cutaneous intervention market. All these technologies provide better patients’ status, less complications and higher efficiency of the procedure – that is why they are becoming more and more popular among the healthcare providers.

"Higher occurrence of the disease results in higher requirement for PCI"

The increasing number of cases of cardiovascular diseases around the world is one of the main reasons behind the growth and development of PCI market. Since diseases like coronary artery disease are common, the popular need for procedures like PCI engulfs them as well. This trend is most observed in the regions where the population age is already increased, and the cases of cardiovascular diseases are numerous.

RESTRAINING FACTOR

"Regulatory compliance requirements imply market constraints."

SEC issues and specifically the difficulty in obtaining regulatory approval for PCI devices are also a limitation in the Percutaneous coronary intervention (PCI) market. High levels of regulation can put a brake on the kinds of new products that are introduced to the market at any given time; this slows down the rate of innovation in the market and thus slows the total growth.

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PERCUTANEOUS CORONARY INTERVENTION DEVICES MARKET REGIONAL ANALYSIS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

"North America Area Influencing the Marketplace Due to High Occurrence of Cardiovascular Illnesses"

Percutaneous Coronary Intervention (PCI) Devices Market share is anticipated to have a dominant market position in the PCI market depending on the rising cardiovascular disorder incidences, well-developed healthcare sector, and key PCI market players. Among the monetarily developed countries, the U. S. will continue to remain the largest contributor to the market’s revenues on account of a larger patient base and increasing utilization of innovative PCI tools. Further, Europe and Asia-Pacific are also set to experience rapid advancement at a rapid pace as the global health care revenue and the awareness of risks associated with cardiovascular diseases greatly increases.

KEY INDUSTRY PLAYERS

Industry Innovators of the Key Organizations
The market for Percutaneous coronary intervention (PCI) is highly competitive and to gain competitive edge the leading market players are entering into new technologies, mergers and acquisitions. Boston Scientific, Abbott, and Medtronic are dominating PCI devices market due to having a large number of products in their respective portfolio. Such companies spend fortunes in research and development to bring to the market new innovations that would improve patients’ experiences and procedures. This is also a big decentralization of the market where small players engage in the provision of special products and services, which offer varieties in the market.

LIST OF MARKET PLAYERS PROFILED

• Boston Scientific (USA)
• Abbott (USA)
• Medtronic (USA)
• Cordis (USA)
• Terumo Medical (Japan)
• AMG International (Germany)
• ASAHI INTECC (Japan)
• Braun Melungeon (Germany)
• Biosensors (Singapore)
• BIOTRONIK(Germany)
• BrosMed Medical (China)
• Claret Medical (USA)

INDUSTRIAL DEVELOPMENT

March 2024: The marketplace for Percutaneous coronary intervention (PCI) devices is presently in more manufacturing expansion over the means of invention and existing marketplace approaches. The major firms are investing in the research and development of the improved PCI devices including the bioresorbable stent and better imaging systems to improve the efficacy of the procedures. The following advancements are supposed to promote market growth due to the focus on developing the healthcare market in rapidly developing countries. Such developments are likely to further boost market growth particularly in the developing world where the healthcare delivery system is quickly enhancing.

REPORT COVERAGE

The Percutaneous Coronary Intervention (PCI) Devices Market report covers the details of the market size, market growth, segmentation and various other renewed aspects in the market. It provides market segmentation based on type, application and by region and therefore helps the stakeholders to understand the market potential to enable them come up with better strategies. Thus, the report also provides the information about the strategies used by the key players in the market and their key products and recent activities.
Also, the study analyses the shift of COVID-19 on the Percutaneous coronary intervention (PCI) market, discussing the changes that the outbreak brought to the industry and what awaits it in the future. As the presented report comprises the mixed-type analysis – both quantitative and qualitative, the given information can be useful to the companies that are to adapt to the changing market configuration.