Market Overview:
The global interventional device market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cardiovascular diseases, technological advancements in interventional devices, and rising demand for minimally invasive procedures. The global interventional device market is segmented by type into digestive intervention devices, cardiac intervention devices, tumor intervention devices, nerve intervention devices, and other types. The cardiac intervention device segment is expected to grow at the highest CAGR during the forecast period owing to the increasing incidence of cardiovascular diseases worldwide. By application, the hospitals segment dominates the global interventional device market followed by ambulatory centers and others segments respectively.
Product Definition:
An interventional device is a tool used by doctors to help them treat medical problems. Interventional devices can include things like catheters, stents, and balloons. These devices allow doctors to reach into the body and fix problems without having to make large incisions. This can be important for patients because it often means that they will experience less pain and have a quicker recovery time.
Digestive Intervention Device:
Digestive intervention devices market is expected to grow at a lucrative rate during the forecast period. The key drivers of this market are increasing prevalence of digestive diseases and growing geriatric population base. Moreover, rising awareness about new technological advancements in the field of GI devices is also expected to boost growth during the forecast period.
Cardiac Interventional Device:
Cardiac interventional device is used for treating heart diseases and to improve the functioning of the heart. Cardiac interventional devices are used in various procedures such as coronary, cardiac catheterization, electrophysiology study, left atrial appendage closure (LAA), right atrial appendage closure (RAAC), right ventricular outflow obstruction (RVO), etc. The increasing prevalence of cardiovascular diseases across the globe is expected to boost growth during forecast period.
Application Insights:
Based on application, the global market is segmented into hospitals, ambulatory centers, others and home healthcare. The hospital segment dominated the overall market in terms of revenue in 2017 owing to a large patient base that requires chronic treatment for various diseases. Furthermore, increasing investments by governments in the development of advanced healthcare facilities are expected to drive growth over the forecast period.
The others segment includes clinics and non-hospital based settings such as interventional pain management clinics and diagnostic imaging centers that perform procedures involving interventional devices every day. Increasing demand for minimally invasive surgeries at these settings has significantly contributed towards industry growth over recent years due to an increase in consumer preference for less invasive procedures when compared with traditional surgeries performed at hospitals or surgical centers.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing prevalence of target diseases, and availability of highly skilled physicians. Moreover, growing number of research studies on interventional devices is also expected to drive the growth during the forecast period. Asia Pacific is anticipated to witness lucrative growth over the forecast period due to improving healthcare infrastructure and rising awareness about advanced treatment options for cardiovascular diseases (CVDs), digestive system disorders, kidney diseases, & cancer.
Moreover, supportive government initiatives such as “Make in India†campaign by Indian government which encourages domestic manufacturing activities will positively impact regional market growth during future years.
Growth Factors:
- Increasing incidence of chronic diseases: The prevalence of chronic diseases is increasing at an alarming rate across the globe. This is primarily because of the changing lifestyle and dietary habits of people. The rise in geriatric population, who are more susceptible to chronic diseases, is also contributing to the growth of this market.
- Technological advancements: Interventional devices are becoming increasingly sophisticated with each passing day due to technological advancements. This is resulting in better patient outcomes and increased adoption rates by physicians and patients alike.
- Growing demand for minimally invasive procedures: Minimally invasive procedures offer several advantages over traditional open surgeries, such as shorter hospital stays, reduced pain levels, and faster recovery times. As a result, there is a growing demand for interventional devices that can facilitate these types of procedures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Interventional Device Market Research Report
By Type
Digestive Intervention Device, Cardiac Interventional Device, Tumor Interventional Device, Nerve Interventional Device, Other
By Application
Hospitals, Ambulatory Centers, Others
By Companies
Johnson & Johnson, Integra Life Sciences, Medtronic, Stryker, Boston Scientific, BrainLab, Elekta, SPR Therapeutics, Abbott, B. Braun
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Interventional Device Market Report Segments:
The global Interventional Device market is segmented on the basis of:
Types
Digestive Intervention Device, Cardiac Interventional Device, Tumor Interventional Device, Nerve Interventional Device, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson & Johnson
- Integra Life Sciences
- Medtronic
- Stryker
- Boston Scientific
- BrainLab
- Elekta
- SPR Therapeutics
- Abbott
- B. Braun
Highlights of The Interventional Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Digestive Intervention Device
- Cardiac Interventional Device
- Tumor Interventional Device
- Nerve Interventional Device
- Other
- By Application:
- Hospitals
- Ambulatory Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Interventional Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An interventional device is a medical device that is inserted into the body through a small opening in the skin. Interventional devices are used to diagnose and treat conditions inside the body.
Some of the key players operating in the interventional device market are Johnson & Johnson, Integra Life Sciences, Medtronic, Stryker, Boston Scientific, BrainLab, Elekta, SPR Therapeutics, Abbott, B. Braun.
The interventional device market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Interventional Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Interventional Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Interventional Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Interventional Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Interventional Device Market Size & Forecast, 2018-2028
4.5.1 Interventional Device Market Size and Y-o-Y Growth
4.5.2 Interventional Device Market Absolute $ Opportunity
Chapter 5 Global Interventional Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Interventional Device Market Size Forecast by Type
5.2.1 Digestive Intervention Device
5.2.2 Cardiac Interventional Device
5.2.3 Tumor Interventional Device
5.2.4 Nerve Interventional Device
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Interventional Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Interventional Device Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Interventional Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Interventional Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Interventional Device Analysis and Forecast
9.1 Introduction
9.2 North America Interventional Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Interventional Device Market Size Forecast by Type
9.6.1 Digestive Intervention Device
9.6.2 Cardiac Interventional Device
9.6.3 Tumor Interventional Device
9.6.4 Nerve Interventional Device
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Interventional Device Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Centers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Interventional Device Analysis and Forecast
10.1 Introduction
10.2 Europe Interventional Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Interventional Device Market Size Forecast by Type
10.6.1 Digestive Intervention Device
10.6.2 Cardiac Interventional Device
10.6.3 Tumor Interventional Device
10.6.4 Nerve Interventional Device
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Interventional Device Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Centers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Interventional Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Interventional Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Interventional Device Market Size Forecast by Type
11.6.1 Digestive Intervention Device
11.6.2 Cardiac Interventional Device
11.6.3 Tumor Interventional Device
11.6.4 Nerve Interventional Device
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Interventional Device Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Centers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Interventional Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Interventional Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Interventional Device Market Size Forecast by Type
12.6.1 Digestive Intervention Device
12.6.2 Cardiac Interventional Device
12.6.3 Tumor Interventional Device
12.6.4 Nerve Interventional Device
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Interventional Device Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Centers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Interventional Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Interventional Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Interventional Device Market Size Forecast by Type
13.6.1 Digestive Intervention Device
13.6.2 Cardiac Interventional Device
13.6.3 Tumor Interventional Device
13.6.4 Nerve Interventional Device
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Interventional Device Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Centers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Interventional Device Market: Competitive Dashboard
14.2 Global Interventional Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Integra Life Sciences
14.3.3 Medtronic
14.3.4 Stryker
14.3.5 Boston Scientific
14.3.6 BrainLab
14.3.7 Elekta
14.3.8 SPR Therapeutics
14.3.9 Abbott
14.3.10 B. Braun
