China Interventional Cardiology Devices Market Size & Outlook
China interventional cardiology devices market, 2018-2030 (US$M)
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China interventional cardiology devices market highlights
- The China interventional cardiology devices market generated a revenue of USD 523.0 million in 2023 and is expected to reach USD 936.2 million by 2030.
- The China market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, coronary stents was the largest revenue generating product in 2023.
- Accessory Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Interventional cardiology devices market data book summary
| Market revenue in 2023 | USD 523.0 million |
| Market revenue in 2030 | USD 936.2 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Coronary stents |
| Fastest growing segment | Accessory Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Intravascular Imaging Catheters and Pressure Guidewires, Coronary Stents, PTCA Balloon Catheters, Accessory Devices |
| Key market players worldwide | Abbott Laboratories, Medtronic PLC, Boston Scientific Corp, Koninklijke Philips NV, Cardinal Health Inc, Terumo Corp, Teleflex Inc, B. Braun, Biosensors, BIOTRONIK, Asahi Intecc Co Ltd, Cook Medical, Merit Medical Systems Inc, Haemonetics Corp, Vascular Solutions, Zeon Corp, Alvimedica, Meril Life, Medinol |
Other key industry trends
- In terms of revenue, China accounted for 5.3% of the global interventional cardiology devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China interventional cardiology devices market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 936.2 million by 2030.
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Interventional Cardiology Devices Market Scope
Interventional Cardiology Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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China interventional cardiology devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to interventional cardiology devices market will help companies and investors design strategic landscapes.
Coronary stents was the largest segment with a revenue share of 51.05% in 2023. Horizon Databook has segmented the China interventional cardiology devices market based on intravascular imaging catheters and pressure guidewires, coronary stents, ptca balloon catheters, accessory devices covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as the rising prevalence of CVDs, technological advancements in interventional cardiology devices, and growing investments in healthcare infrastructure are expected to drive the market in the coming years.
According to the Chinese Atherosclerotic Cardiovascular Disease (ASCVD) risk management framework in April 2022, approximately 1.8% of adults are categorized as having a very high risk of CVD, while around 9.4% fall into the high-risk category. This underscores the pressing need for effective intervention and management strategies to address the significant burden of CVDs in China.
The implementation of China's Value-Based Procurement (VBP) program in 2023, which aims to reduce pricing by awarding large volume sales to tender winners, has a significant impact on the interventional cardiology market.
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Our clientele includes a mix of interventional cardiology devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China interventional cardiology devices market , including forecasts for subscribers. This country databook contains high-level insights into China interventional cardiology devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China interventional cardiology devices market size, by product, 2018-2030 (US$M)
China Interventional Cardiology Devices Market Outlook Share, 2023 & 2030 (US$M)
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