The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s pediatric interventional cardiology market report forecasts the pediatric interventional cardiology market size to grow to $3.10 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Pediatric Interventional Cardiology Market Report 2023 – https://www.thebusinessresearchcompany.com/report/pediatric-interventional-cardiology-global-market-report

Pediatric Interventional Cardiology Market Size Forecast
The global pediatric interventional cardiology market size is expected to grow from $2.13 billion in 2022 to $2.31 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pediatric interventional cardiology market size is expected to reach $3.10 billion in 2027 at a CAGR of 7.5%.

North America held the largest pediatric interventional cardiology market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Pediatric Interventional Cardiology Market Driver ­– Increase In Congenital Heart Disease
According to the American Heart Association, a non-profit organisation based in the United States that focuses on cardiovascular medical research, approximately 40,000 infants in the United States will be affected by congenital heart defects in 2022, and the birth prevalence of congenital heart diseases in the country is estimated to be 12.3 per 1000. In addition, in 2022, The Lancet, a weekly peer-reviewed general medical journal located in the United Kingdom, released an article indicating that congenital heart disease is the most frequent birth defect, impacting roughly 9 out of every 1000 live births. As a result, the rising prevalence of congenital heart disease will propel the paediatric interventional cardiology market forward.

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Key Pediatric Interventional Cardiology Market Trend – Product Innovation
To strengthen their market position, major paediatric interventional cardiology firms are providing new and creative solutions. For example, in February 2023, Medtronic plc., a US-based medical device manufacturer, unveiled the HarmonyTM Transcatheter Pulmonary Valve System. The Harmony TPV system, which can be implanted through a small incision in the leg or neck, is a minimally invasive alternative to open-heart surgery. The Harmony TPV system is designed for individuals who have previously had congenital heart disease surgery and have a defective RVOT (right ventricular outflow tract) as a result of a previously implanted conduit or bio prosthetic pulmonary valve. It is also recommended for individuals who have native or patched RVOT and require pulmonary valve replacement.

Pediatric Interventional Cardiology Market Segment
1) By Device Type: Closure Devices, Trans catheter Heart Valves, Atherectomy Devices, Catheters, Balloons, Stents, Other Device Types
2) By Procedure: Catheter-Based Valve Implantation, Congenital Heart Defect Correction, Angioplasty, Coronary Thrombectomy, Other Procedures
3) By End-Use: Clinical Testing Laboratories, Hospitals, Cardiac Centers, Pediatric Clinics, Research Institutions

Pediatric Interventional Cardiology Market Major Players and Strategies
Major players in the pediatric interventional cardiology market are Medtronic plc., GE Healthcare, Abbott Laboratories, Cardinal Health, Inc., Terumo Corporation, W.L. Gore & Associates, Inc., Boston Scientific Corporation, Edwards Life sciences, Siemens Healthineers, Numed Inc., St. Jude Medical, Inc., Cordis Corporation, Koninklijke Philips N.V., Biotronik, and B. Braun.

Boston Scientific Corporation, a biomedical and biotechnology corporation based in the United States, paid roughly $1.75 billion for Baylis Medical corporation Inc. in February 2022. By providing innovative solutions for catheter-based left-heart surgeries, Boston Scientific Corporation will be able to expand its position in the cardiology sectors. Baylis Medical firm Inc. is a medical device firm established in the United States that specialises in high-technology cardiology, endovascular, and cancer solutions for paediatric interventional cardiology.

The Pediatric Interventional Cardiology Global Market Report 2023 covers regional data on pediatric interventional cardiology market size, pediatric interventional cardiology market trends and drivers, opportunities, strategies, and pediatric interventional cardiology market competitor analysis. The countries covered in the pediatric interventional cardiology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Paediatric interventional cardiology refers to procedures in which children are catheterized to identify and treat congenital heart abnormalities. Paediatric interventional cardiology is the use of minimally invasive surgical methods to treat heart problems in children.

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