How the Pediatric Interventional Cardiology Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of thePediatric Interventional Cardiology Market?
The rise in instances of congenital heart disease is anticipated to stimulate the pediatric interventional cardiology market’s growth. Congenital heart disease pertains to any heart-related or structural disorder present from birth. Pediatric interventional cardiology techniques serve to cure congenital heart disease, offering benefits such as decreased recovery durations, lower infection possibilities, and minimal scarring, compared to conventional open-heart surgery. The American Heart Association noted in 2022 that around 40,000 infants in the United States suffer from congenital heart complications. The country records a birth prevalence rate of congenital heart diseases at 12.3 per 1000. Moreover, The Lancet, a UK-based weekly general medical journal, reported in a 2022 article that congenital heart disease is the most prevalent birth defect, impacting nearly nine out of every thousand live births. Consequently, the escalating prevalence of congenital heart disease is set to fuel the growth of the pediatric interventional cardiology market.
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#What Long-Term Growth Rate is Expected for thePediatric Interventional Cardiology Market Between 2025 and 2034?
In the past few years, there has been a significant increase in the size of the pediatric interventional cardiology market. This market is anticipated to expand from $2.44 billion in 2024 to $2.62 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The previously observed expansion can be credited to heightened knowledge about mycotoxins, strict regulatory norms, emphasis on animal health, the worldwide propagation of poultry production, market competitiveness, and heightened productivity in farming.
The market for pediatric interventional cardiology is projected to experience substantial growth in the coming years. The size of the market is forecasted to escalate to “$3.61 billion by the year 2029, with a compound annual growth rate (CAGR) of 8.3%. The predicted growth during the forecast period can be ascribed to factors such as the expansion of the poultry industry, the effects of climate change, the demand for organic goods, global trade shifts, governmental initiatives, and an increase in health awareness. Significant trends expected during this forecast period include the incorporation of technology, improvements in feed quality and safety, market amalgamation, joint research endeavors, agricultural digitization, and progress in feed technology.
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Which Cutting-Edge Market Trends Are Expected to Drive thePediatric Interventional Cardiology Market’s Growth?
One of the leading trends in the pediatric interventional cardiology market is product innovation. To solidify their place in the market, key players in pediatric interventional cardiology are debuting innovative offerings. For example, in February 2023, the U.S.-based medical device company Medtronic plc launched a new product called the Harmony Transcatheter Pulmonary Valve System. This system, which is a less invasive alternative to open-heart surgery, can be implanted via a minor incision in the leg or the neck. The Harmony TPV is designed for patients who have previously had surgery for a congenital heart defect and have a malfunctioning RVOT (right ventricular outflow tract) due to a past conduit or bio prosthetic pulmonary valve implantation. Furthermore, it’s suitable for patients whose native or patched RVOT necessitates a pulmonary valve replacement.
What Are the Leading Market Players Impacting thePediatric Interventional Cardiology Market’s Growth Trend?
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
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How Are the Key Segments of the Pediatric Interventional Cardiology Market Driving Opportunities and Innovations?
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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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of thePediatric Interventional Cardiology Market?# Market Expansion?
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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