Interventional Vascular Consumables Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Type (Coronary, Peripheral); Product Type (Catheter, Guidewire, Embolic Protection Device, Inferior Vena Cava Filter, Sheath, Vascular Closure System, Vascular Patch, Vascular plug); Region/Country
Detailed Analysis of COVID-19 Impact on the Interventional Vascular Consumables Market
The interventional vascular consumables market is expected to register a CAGR of around 4% over the period of 2021-2027. Interventional is a technique or a specialist in minimally invasive treatment that uses radiographic images to guide the procedure. Vascular and interventional radiologists specialize in the use of imaging techniques such as x-rays and MRI, as well as catheter-based procedures for diagnosing and treating many diseases. The growing adoption of interventional vascular consumables can be attributed to the rising prevalence of various cardiovascular diseases coupled with a rapidly growing geriatric population. According to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice that it was in 1980 at 382 million. The number of elderly people is expected to double again by 2050 and reach nearly 2.1 billion worldwide. The occurrence of cardiovascular diseases is almost 15% higher in the elderly population as compared to the younger population and the increase in this population is expected to increase the number of cardiovascular diseases around the world. Furthermore, factors such as increasing technological advancement, rising demand for minimally invasive procedures, and a large number of ongoing research activities in this field are also boosting the interventional vascular consumables market globally.
Boston Scientific Corporation, Medtronic plc, Abbott Laboratories, Terumo Corporation, Becton, Dickinson and Company, Cook Medical LLC, Merit Medical Systems Inc., B. Braun Melsungen AG, Heraeus Holding GmbH, and Johnson & Johnson are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst Type, the coronary category accounted for the majority share in the market in 2020”
Based on type, the market is classified into coronary and peripheral. Amongst types, the coronary category accounted for a significant share of the market. During the coronary intervention, procedures such as angioplasty and percutaneous coronary intervention (PCI) are performed to widen blocked or narrowed vessels that connect to the heart. This is the largest category due to an increase in cardiovascular disease cases and an increase in the geriatric population, which favors minimally invasive procedures over open surgery contributing to the growth of the segment.
“Among Product Type, the catheter is expected to witness highest CAGR during the forecast period”
Based on product type, the market is categorized into the catheter, guidewire, embolic protection device, inferior vena cava filter, sheath, vascular closure system, vascular patch, and vascular plug. Among these, the catheter is expected to witness the highest CAGR during the forecast period. This is attributed to the higher price of catheters compared to other consumables, their more frequent use, and the availability of several types of catheters on the market. Furthermore, the presence of longtime players, actively participating in product launches, is supporting the growth of the interventional vascular catheters market.
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the interventional vascular consumables market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the interventional vascular consumables market industry and generated revenue of USD XX Million in 2020 owing to strong healthcare infrastructure and growing adoption of minimally invasive procedures in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the Interventional Vascular Consumables Market|
|2.2.||Research Methodology of the Interventional Vascular Consumables Market|
|2.5.||Main Objective of the Interventional Vascular Consumables Market Study|
|5||GLOBAL INTERVENTIONAL VASCULAR CONSUMABLES MARKET COVID-19 IMPACT|
|6||GLOBAL INTERVENTIONAL VASCULAR CONSUMABLES MARKET REVENUE, 2019-2027F|
|8.3.||Embolic Protection Device|
|8.4.||Inferior Vena Cava Filter|
|8.6.||Vascular Closure System|
|9.1.||North America Interventional Vascular Consumables Market|
|9.1.3.||Rest of North America|
|9.2.||Europe Interventional Vascular Consumables Market|
|9.2.6.||Rest of Europe|
|9.3.||Asia Pacific Interventional Vascular Consumables Market|
|9.3.5.||Rest of Asia Pacific|
|9.4.||Rest of World Interventional Vascular Consumables Market|
|11||INTERVENTIONAL VASCULAR CONSUMABLES MARKET OPPORTUNITIES|
|12||INTERVENTIONAL VASCULAR CONSUMABLES MARKET TRENDS|
|13||LEGAL & REGULATORY FRAMEWORK|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.||Porter’s Five Forces Analysis|
|17.1.||Boston Scientific Corporation|
|17.5.||Becton, Dickinson and Company|
|17.6.||Cook Medical LLC|
|17.7.||Merit Medical Systems Inc.|
|17.8.||B. Braun Melsungen AG|
|17.9.||Heraeus Holding GmbH|
|17.10.||Johnson & Johnson.|
Research Methodology for the Global Interventional Vascular Consumables Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global interventional vascular consumables market were the three major steps undertaken to create and analyze the adoption of interventional vascular consumables in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global interventional vascular consumables market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the interventional vascular consumables market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the interventional vascular consumables market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as type and product type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the interventional vascular consumables market. Further, we conducted factor analysis using dependent and independent variables such as various type and product type of interventional vascular consumables. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Interventional vascular consumables market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global interventional vascular consumables market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of interventional vascular consumables market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global interventional vascular consumables market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global interventional vascular consumables market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and product type in the global interventional vascular consumables market.
The main objective of the Global Interventional vascular consumables Market Study
The current & future market trends of global interventional vascular consumables market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of interventional vascular consumables market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and product type.
- Define and analysis of the regulatory framework for the interventional vascular consumables market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the interventional vascular consumables market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the interventional vascular consumables market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry