Pediatric Interventional Cardiology Global Market Report 2024

The pediatric interventional cardiology market has grown strongly in recent years. It will grow from $2.31 billion in 2023 to $2.51 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. During the historic period, growth can be credited to several factors including heightened awareness regarding mycotoxins, stricter regulatory standards, emphasis on animal health, the global expansion of poultry production, competitive market dynamics, and improved farm productivity. These elements collectively contributed to the growth observed in that period.

The pediatric interventional cardiology market is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. Anticipated growth in the forecast period is expected to stem from several factors such as the burgeoning poultry industry, the influence of climate change, heightened demand for organic goods, evolving global trade dynamics, government-backed initiatives, and a rising awareness of health consciousness. These elements are poised to drive growth during the forecasted period.

The pediatric interventional cardiology market is poised for growth due to the increasing prevalence of congenital heart disease, a condition affecting the heart's structure since birth. These procedures offer advantages over traditional open-heart surgery, including quicker recovery, reduced infection risks, and minimized scarring. According to the American Heart Association in 2022, around 40,000 infants in the U.S. are affected by congenital heart defects, with an estimated birth prevalence of 12.3 per 1000 in the country. Additionally, The Lancet reported in 2022 that congenital heart disease is the most common birth defect, impacting nearly 9 out of every 1000 live births. This prevalence is expected to drive the growth of the pediatric interventional cardiology market.

Pedistric population drives the pediatric interventional cardiology market going forward. This demographic refers to individuals within specific age brackets typically associated with childhood and adolescence. According to the Federal Interagency Forum on Child and Family Statistics, the U.S. had around 72.5 million children in 2022, projected to reach 78.2 million by 2050. The rise in this population, spanning different age groups, is expected to fuel the demand for pediatric interventional cardiology procedures.

Innovation stands as a pivotal trend within the pediatric interventional cardiology market, with major companies introducing novel solutions to fortify their market position. For instance, Medtronic plc. launched the Harmony Transcatheter Pulmonary Valve System in February 2023, offering a minimally invasive alternative for patients needing pulmonary valve replacement due to congenital heart disease. This innovation underscores the ongoing pursuit of advanced treatment options in the field.

Companies in this sector are focusing on developing technological advancements such as implantable occluder heart devices to gain a competitive edge. Abbott Laboratories introduced the 'Amplatzer Piccolo Occluder' in June 2021, a device designed for premature infants with patent ductus arteriosus. This device, as small as a pea and weighing only 700 grams, represents a significant breakthrough in minimally invasive transcatheter treatments for critical heart conditions in infants.

In February 2022, Boston Scientific Corporation, a prominent U.S. biomedical and biotechnology firm, completed the acquisition of Baylis Medical Company Inc. for an estimated $1.75 billion. This strategic move is aimed at fortifying Boston Scientific Corporation's standing within the cardiology markets, specifically by enhancing its offerings in advanced solutions for catheter-based left-heart procedures. Baylis Medical Company Inc., also based in the U.S., specializes in cutting-edge medical devices operating within high-technology cardiology, endovascular, and oncology realms.

Major companies operating in the pediatric interventional cardiology market report are Medtronic plc, GE HealthCare Technologies Inc., Abbott Laboratories, Cardinal Health Inc., 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.

North America was the largest region in the pediatric interventional cardiology market in 2023. 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. The countries covered in the pediatric interventional cardiology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Key devices within pediatric interventional cardiology encompass closure devices, trans catheter heart valves, atherectomy devices, catheters, balloons, stents, among others. Closure devices encompass a range of fittings that, when securely fastened in a closed position, mitigate or prevent air emissions by sealing openings in containers or their exteriors. The primary procedures in pediatric interventional cardiology involve catheter-based valve implantation, correction of congenital heart defects, angioplasty, coronary thrombectomy, and other methodologies. These procedures find application in clinical testing labs, hospitals, cardiac centers, pediatric clinics, and research institutions, contributing significantly to diagnosing and managing cardiac conditions in children.

The pediatric interventional cardiology market research report provides pediatric interventional cardiology market statistics, including pediatric interventional cardiology industry global market size, regional shares, competitors with a pediatric interventional cardiology market share, detailed pediatric interventional cardiology market segments, market trends and opportunities, and any further data you may need to thrive in the pediatric interventional cardiology industry. This pediatric interventional cardiology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The pediatric interventional cardiology market includes revenues earned by entities by percutaneous coronary intervention services, atrial septal defect services, cardiac catheterization services, and trans catheter aortic valve replacement services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The pediatric interventional cardiology market also consists of sales of plaque modification devices, guide wire, vascular closure devices, and atherectomy device. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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