Interventional Cardiology & Peripheral Vascular Devices Market Size

Interventional Cardiology & Peripheral Vascular Devices Market Size

Interventional Cardiology & Peripheral Vascular Devices Market size exceeded USD 22 billion in 2022. The industry is expected to register more than 7.5% CAGR through 2023-2032, considering low physical activity engagement and rising chronic disease incidence

Lifestyle changes and the adoption of unhealthy habits including alcohol consumption are contributing to the growing prevalence of cardiovascular diseases such as heart attacks. Coronary catheterization and peripheral vascular interventional procedures will emerge as a preferred intervention to lower the disease burden. Obesity is also recognized as one of the public health problems worldwide.

Obesity is considered a risk factor for peripheral arterial disease development. The increase in the obese population will therefore accelerate hospital admissions and create lucrative growth opportunities for manufacturers of cardiology equipment and peripheral vascular medical devices. However, these devices require high capital investment, and their regulatory approvals are time-consuming. They possess high-risk levels and are subject to strict regulations, thereby restricting market expansion.