How Will the Pediatric Interventional Cardiology Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How has the pediatric interventional cardiology market size evolved in recent years?
The market size of pediatric interventional cardiology has shown significant expansion in recent years. This market is expected to rise from $2.44 billion in 2024 to $2.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the historic period include heightened awareness of mycotoxins, rigid regulatory standards, attention on animal health, globalization of poultry production, market competition, and enhanced farm productivity.
What are the predictions for the pediatric interventional cardiology market size in the coming years?
Anticipated robust expansion is forecasted for the pediatric interventional cardiology market in the forthcoming years. The market is predicted to reach a value of “$3.61 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this projected growth during the forecasted period include the expansion of the poultry industry, impacts of climate change, rising demand for organic products, fluctuations in global trade, government schemes, and growing health awareness. Key trends anticipated during the forecast period incorporate technological integration, advancements in feed safety and quality, market amalgamation, joint research initiatives, agricultural digitalization, and novel developments in feed technology.
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What key factors are fueling the growth of the pediatric interventional cardiology market?
The pediatric interventional cardiology market is projected to expand due to the rising occurrence of congenital heart disease. This disease refers to any heart or heart structure issues present since birth. Congenital heart disease treatments often involve pediatric interventional cardiology procedures, which have several benefits over conventional open-heart surgery, such as less risk of infection, faster recovery times, and minimal scarring. For example, the American Heart Association reported in 2022 that around 40,000 babies in the United States suffer from congenital heart defects each year, and the disease’s birth prevalence is believed to be 12.3 per 1000. Moreover, a 2022 article in The Lancet, a renowned UK-based weekly medical journal, stated that congenital heart disease is the most frequently occurring birth defect, impacting nearly 9 out of every 1000 live births. As a result, the pediatric interventional cardiology market is expected to grow due to the escalating incidence of congenital heart disease.
How is the global pediatric interventional cardiology market divided into key segments?
The pediatric interventional cardiology market covered in this report is segmented –
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
Subsegments:
1) By Closure Devices: Atrial Septal Defect (ASD) Closure Devices, Ventricular Septal Defect (VSD) Closure Devices, Patent Ductus Arteriosus (PDA) Closure Devices
2) By Transcatheter Heart Valves: Transcatheter Aortic Valve Replacement (TAVR) Devices, Transcatheter Mitral Valve Repair Devices, Transcatheter Pulmonary Valve Replacement Devices
3) By Atherectomy Devices: Directional Atherectomy Devices, Rotational Atherectomy Devices, Laser Atherectomy Devices
4) By Catheters: Diagnostic Catheters, Therapeutic Catheters, Guiding Catheters
5) By Balloons: Balloon Angioplasty Balloons, Intra-Aortic Balloons, High-Pressure Balloons
6) By Stents: Drug-Eluting Stents, Bare-Metal Stents, Bioresorbable Stents
7) By Other Device Types: Vascular Closure Devices, Hemodynamic Monitoring Devices, Electrophysiology Devices
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Who are the key firms paving the way for growth in the pediatric interventional cardiology market?
Major companies operating in the pediatric interventional cardiology market include Medtronic plc, GE HealthCare Technologies Inc., Abbott Laboratories, Terumo Corporation, W.L. Gore & Associates Inc., Boston Scientific Corporation, Edwards Lifesciences Corporation, Siemens Healthineers, Numed Inc., St. Jude Medical Inc., Cordis Corporation, Koninklijke Philips N.V., Biotronik, B. Braun Melsungen AG, Canon Medical Systems Corporation, Gore & Associates Inc., Johnson and Johnson, Cook Group LLC, Teleflex Incorporated, Merit Medical Systems Inc., MicroPort Scientific Corporation, Lepu Medical Technology (Beijing) Co.Ltd., Biosensors International Group Ltd., Cardiac Science Corporation, Asahi Intecc Co.Ltd., Medinol Ltd., Jotec GmbH, Hexacath Ltd., Translumina GmbH
Which trends are expected to transform the pediatric interventional cardiology market?
One of the prevalent trends in the pediatric interventional cardiology market is product innovation. To consolidate their foothold in the market, leading companies in the pediatric interventional cardiology sector are rolling out new, creative solutions. To illustrate, Medtronic plc., an American firm specializing in medical devices, launched a trans catheter pulmonary valve in February 2023—dubbed the Harmony Transcatheter Pulmonary Valve System. The Harmony TPV system provides a less invasive alternative to open-heart surgery, installable via a minor incision in the patient’s leg or neck. This system was designed for patients that have previously undergone surgery due to congenital heart disease and now have a dysfunctional RVOT (right ventricular outflow tract) as a result of an earlier inserted conduit, or a bio prosthetic pulmonary valve. Further, it is also suitable for patients with original or patched RVOT who need a pulmonary valve replacement.
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What regions are contributing significantly to the growth of the pediatric interventional cardiology market?
North America was the largest region in the pediatric interventional cardiology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global pediatric interventional cardiology market during the forecast period. The regions covered in the pediatric interventional cardiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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