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    Percutaneous Coronary Intervention Market

    ID: MRFR/MED/2288-CR
    157 Pages
    Rahul Gotadki
    January 2024

    Percutaneous Coronary Intervention Market Research Report Information by Product Type (Coronary Stents, Balloon Catheters, Coronary Guidewires, Guiding Catheters, Guiding Sheaths, Diagnostics Catheters, Crossing Catheters, Inflation Devices, Guidance Systems, Peripheral Thrombectomy System, Embolic Protection System, And Accessories), by Vascular Access (Radial and Femoral), by End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World - Forecast till...

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    Percutaneous Coronary Intervention Market Research Report — Global Forecast till 2034 Infographic
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    Percutaneous Coronary Intervention Market Summary

    As per Market Research Future Analysis, the global Percutaneous Coronary Intervention Market was valued at 11.70 USD Billion in 2024 and is projected to grow to 30.43 USD Billion by 2034, with a CAGR of 10.03% from 2025 to 2034. The market growth is driven by technological advancements, increasing prevalence of cardiovascular diseases, and a rising aging population. The coronary stents segment held the majority market share in 2022, while the radial vascular access segment dominated the market due to its safety and effectiveness. North America accounted for the largest market share in 2022, attributed to the high demand for minimally invasive procedures and the prevalence of heart diseases.

    Key Market Trends & Highlights

    The percutaneous coronary intervention market is experiencing significant growth due to various factors.

    • Market Size in 2024: 11.70 USD Billion
    • Projected Market Size by 2034: 30.43 USD Billion
    • CAGR from 2025 to 2034: 10.03%
    • North America held the largest market share in 2022 due to high demand for minimally invasive procedures.

    Market Size & Forecast

    2024 Market Size USD 11.70 Billion
    2034 Market Size USD 30.43 Billion
    CAGR (2025-2034) 10.03%

    Major Players

    Boston Scientific Corporation (US), Abbott (US), MicroPort Scientific Corporation (China), Terumo Corporation (Japan), Medtronic (Ireland), Cook (US), APT Medical Inc (China), Merit Medical System (US), Becton, Dickinson, and Company (US), Braun SE (Germany), Cardinal Health (US), Meril Life Sciences Pvt. Ltd (India), PLS Minimally Invasive International Medical Co Ltd (China), Lepu Medical Technology Co., Ltd (China)

    Percutaneous Coronary Intervention Market Drivers

    Market Growth Projections

    The Global Percutaneous Coronary Intervention Market Industry is on a trajectory of substantial growth, with projections indicating a market size of 11.7 USD Billion in 2024 and an anticipated increase to 33.5 USD Billion by 2035. This growth reflects a compound annual growth rate of 10.03% from 2025 to 2035, driven by factors such as rising cardiovascular disease prevalence, technological advancements, and increased healthcare expenditure. These projections highlight the dynamic nature of the PCI market and its critical role in addressing global cardiovascular health challenges.

    Growing Geriatric Population

    The demographic shift towards an aging population is a crucial factor propelling the Global Percutaneous Coronary Intervention Market Industry. As individuals age, the risk of developing cardiovascular diseases escalates, necessitating more frequent interventions. By 2030, it is anticipated that the number of people aged 60 and older will surpass 1.4 billion globally, creating a substantial demand for PCI procedures. This demographic trend underscores the need for healthcare systems to adapt and expand their cardiovascular care capabilities, thereby driving market growth in the coming years.

    Increased Healthcare Expenditure

    Rising healthcare expenditure across various regions is a significant driver of the Global Percutaneous Coronary Intervention Market Industry. Governments and private sectors are investing more in healthcare infrastructure, particularly in cardiovascular care. This trend is evident in many countries where healthcare budgets are being allocated to advanced medical technologies and procedures. As a result, the market is poised for growth, with a projected compound annual growth rate of 10.03% from 2025 to 2035, reflecting the increasing prioritization of cardiovascular health in national health agendas.

    Enhanced Awareness and Screening Programs

    The growing awareness of cardiovascular health and the implementation of screening programs are pivotal in shaping the Global Percutaneous Coronary Intervention Market Industry. Public health initiatives aimed at educating populations about heart disease risk factors have led to earlier detection and treatment of cardiovascular conditions. This proactive approach not only improves patient outcomes but also drives demand for PCI procedures. As awareness continues to rise, the market is likely to experience sustained growth, further emphasizing the importance of preventive care in cardiovascular health.

    Rising Prevalence of Cardiovascular Diseases

    The increasing incidence of cardiovascular diseases globally serves as a primary driver for the Global Percutaneous Coronary Intervention Market Industry. With an estimated 17.9 million deaths attributed to cardiovascular conditions each year, the demand for effective treatment options is surging. Percutaneous coronary interventions, which include angioplasty and stenting, are becoming essential in managing these diseases. As healthcare systems adapt to this growing burden, the market is projected to reach 11.7 USD Billion in 2024, reflecting the urgent need for innovative solutions in cardiovascular care.

    Technological Advancements in PCI Procedures

    Technological innovations in percutaneous coronary interventions are significantly influencing the Global Percutaneous Coronary Intervention Market Industry. Advancements such as drug-eluting stents, bioresorbable stents, and improved imaging techniques enhance procedural outcomes and patient safety. These innovations not only improve the efficacy of interventions but also reduce recovery times, leading to increased patient throughput in healthcare facilities. As a result, the market is expected to expand, with projections indicating a growth to 33.5 USD Billion by 2035, driven by the continuous evolution of PCI technologies.

    Market Segment Insights

    Percutaneous Coronary Intervention Segment Insights

    Percutaneous Coronary Intervention Product Type Insights

    The Percutaneous Coronary Intervention Market segmentation, based on product type, includes coronary stents, ballon catheters, coronary guidewires, guiding catheters, guiding sheaths, diagnostic catheters, crossing catheters, inflation device, guidance system, peripheral thrombectomy system, embolic protection system, and accessories. The coronary stents segment held the majority share in the market in 2022. Moreover, the launch of the newest generation of drug-eluting catheter stents to fulfill the demand of physicians is fueling the growth of the product type segment.

    Percutaneous Coronary Intervention Vascular Access Insights

    The Percutaneous Coronary Intervention Market segmentation, based on vascular access, includes radial and femoral. The radial segment dominated the market in 2022. Radial PCI is a safe and effective procedure that can be used to treat a variety of coronary artery diseases. It is the preferred approach to PCI for most patients because it offers several advantages over femoral PCI. Moreover, radial PCI is becoming increasingly popular due to advantages such as reducing the risk of stroke during the procedure and shortening the duration of the hospital stay.

    Figure 2: Percutaneous Coronary Intervention Market, by Vascular Access, 2023 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Percutaneous Coronary Intervention End User Insights

    The Percutaneous Coronary Intervention Market segmentation, based on end user, includes hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment dominated the market in 2022. This is due to factors such as the increasing number of angioplasties, rising incidences of diabetes & obesity patients may lead to coronary artery diseases.

    Get more detailed insights about Percutaneous Coronary Intervention Market Research Report — Global Forecast till 2034

    Regional Insights

    By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. The North America percutaneous coronary intervention market accounted for the largest market share in 2022. North America is further divided into the US and Canada. North America held the largest market share due to the increase in demand for minimally invasive procedures, increasing prevalence of cardiovascular diseases, and unhealthy lifestyle habits propelling regional market growth over the forecast period.

    For instance, In the United States, heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups. Cardiovascular disease claims one life every 33 seconds in the US. In 2021, approximately 695,000 people in the United States died from heart disease, accounting for one in every five deaths.

    Further, the major countries will be study are US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3: PERCUTANEOUS CORONARY INTERVENTION MARKET BY REGION 2023 & 2032 (USD Billion)

    PERCUTANEOUS CORONARY INTERVENTION MARKET BY REGION 2022 & 2032

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Europe percutaneous coronary intervention market accounted for the second-largest market share due to unhealthy lifestyle habits, increasing geriatric population, and extensive R&D activities. Furthermore, the Germany percutaneous coronary intervention market is attributed to hold the largest market share, and the France percutaneous coronary intervention market is projected be the fastest growing market in the Europe region.

    The Asia-Pacific percutaneous coronary intervention market is expected to be the fastest growing from 2023 to 2032 due to rising income levels, an increase in the prevalence of cardiovascular diseases, and better healthcare infrastructure. Moreover, China percutaneous coronary intervention market accounted to hold the largest market share, and the India percutaneous coronary intervention market is projected to be the fastest growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    The Percutaneous Coronary Intervention Market is distinguished by the presence of many global, regional, and local players. The rising prevalence of heart diseases and increasing preference for minimally invasive procedures are further expected to drive the growth of the Percutaneous Coronary Intervention Market during the forecast period. However, the risk of infection and complications during cardiac catheterization may hamper the growth of the Percutaneous Coronary Intervention Market. The major players have adopted a strategy of obtaining regulatory approval from government agencies for their devices and signing contracts and agreements to broaden their reach and reduce operational costs.

    For instance, in April 2022, Boston Scientific Corporation (US) launched the Kinetix Guidewire for percutaneous coronary intervention (PCI) procedures. Guidewires are tiny, flexible wires that surgeons use to administer interventional devices like drug-eluting stents.

    Boston Scientific Corporation is a well-established medical device company that is involved in the development, manufacture, and marketing of medical devices used in various interventional medical specialties. The company cooperates with healthcare professionals to create a broad portfolio of significant innovations that increase outcomes, reduce costs, and increase efficiencies. Its product portfolio is divided into interventional cardiology, endoscopy, neuromodulation, peripheral interventions, rhythm management, and urology & pelvic health. Boston Scientific Corporation's manufacturing facilities are positioned across Malaysia, the US, and Ireland. The company distributes its products in 130 countries across the world.

    Apart from this, it has a presence in Japan, the Netherlands, France, Poland, India, China, Turkey, South Africa, and Singapore, among others.

    Moreover, In April 2022, Boston Scientific Corporation launched the Kinetix Guidewire for percutaneous coronary intervention (PCI) procedures. Guidewires are tiny, flexible wires that surgeons use to administer interventional devices like drug-eluting stents.

    Key Companies in the Percutaneous Coronary Intervention Market market include

    Industry Developments

      • In January 2023, MicroPort Scientific Corporation (China) received marketing approval for “MicroPort Coronary Balloon Catheters” in Peru. By this product approval company expand its business in Peru and support.
      • In August 2022, Medtronic (Ireland) launched the Onyx Frontier drug-eluting stent (DES) System. The Onyx Frontier DES offers a unique delivery mechanism, built upon the acute performance and clinical data of the Resolute Onyx drug-eluting stent.
      • In March 2022, MicroPort Scientific Corporation (China) received marketing approval from approval from Japan Pharmaceuticals and Medical Devices Agency (PMDA) for its product “Hyperflex”. The company can market its products in Japan and boost the revenue growth.

    Percutaneous Coronary Intervention Segmentation

    Percutaneous Coronary Intervention Product Type Outlook

      • Coronary Stents
      • Ballon Catheters
        • PCTA Balloon Catheters
        • Non-Slip Element & Scoring Balloon Catheters
        • Over-The-Wire Balloon Dilation Catheter
        • Fixed Wire Balloon Catheter
        • Drug Coated Balloon Catheters
        • Others
      • Coronary Guidewires
      • Guiding Catheters
      • Guiding Sheaths
      • Diagnostic Catheters
      • Crossing Catheters
      • Inflation Device
      • Guidance System
      • Peripheral Thrombectomy System
      • Embolic Protection System
      • Accessories

    Percutaneous Coronary Intervention Vascular Access Outlook

      • Radial
      • Femoral

    Percutaneous Coronary Intervention End User Outlook

      • Hospitals & Clinics
      • Ambulatory Surgical Centers
      • Others

    Percutaneous Coronary Intervention Regional Outlook

      • North America
        • US
        • Canada
      • Europe
        • Germany
        • France
        • UK
        • Italy
        • Spain
        • Rest of Europe
      • Asia-Pacific
        • China
        • Japan
        • India
        • South Korea
        • Australia
        • Rest of Asia-Pacific
      • Rest of the World
        • Middle East
        • Africa
        • Latin America

    Future Outlook

    Percutaneous Coronary Intervention Market Future Outlook

    The Global Percutaneous Coronary Intervention Market is projected to grow at a 10.03% CAGR from 2024 to 2035, driven by technological advancements, increasing cardiovascular diseases, and rising healthcare expenditure.

    New opportunities lie in:

    • Develop innovative catheter technologies to enhance procedural efficiency and patient outcomes.
    • Expand telehealth services for pre- and post-procedural care to improve patient engagement.
    • Invest in AI-driven analytics for personalized treatment plans and predictive outcomes.

    By 2035, the market is expected to exhibit robust growth, reflecting advancements and increased demand for PCI procedures.

    Market Segmentation

    Percutaneous Coronary Intervention End User Outlook

    • Hospitals & Clinics
    • Ambulatory Surgical Centers
    • Others

    Percutaneous Coronary Intervention Regional Outlook

    North America
    • US
    • Canada

    Percutaneous Coronary Intervention Product Type Outlook

    Ballon Catheters
    • PCTA Balloon Catheters
    • Non-Slip Element & Scoring Balloon Catheters
    • Over-The-Wire Balloon Dilation Catheter
    • Fixed Wire Balloon Catheter
    • Drug Coated Balloon Catheters
    • Others

    Percutaneous Coronary Intervention Vascular Access Outlook

    • Radial
    • Femoral

    Report Scope

    Attribute/Metric Details
    Market Size 2024   11.70 (USD Billion)
    Market Size 2025   12.87 (USD Billion)
    Market Size 2034   30.43 (USD Billion)
    Compound Annual Growth Rate (CAGR)   10.03 % (2025 - 2034)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2034
    Historical Data 2020 - 2024
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Product Type, Vascular Access, End User, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Boston Scientific Corporation (US), Abbott (US), MicroPort Scientific Corporation (China), Terumo Corporation (Japan), Medtronic (Ireland), Cook (US), APT Medical Inc (China), Merit Medical System (US), Becton, Dickinson, and Company (US), B. Braun SE (Germany), Cardinal Health (US), Meril Life Sciences Pvt. Ltd (India), PLS Minimally Invasive International Medical Co Ltd (China), and Lepu Medical Technology Co., Ltd (China)
    Key Market Opportunities ·       Growing technological advancements
    Key Market Drivers ·       Rising prevalence of heart diseases·       Increasing preference for minimally invasive procedures

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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    FAQs

    How much is the percutaneous coronary intervention market?

    The Percutaneous Coronary Intervention Market is anticipated to reach 20.53 Billion during the forecast period of 2024-2032.

    How big is the US percutaneous coronary intervention market?

    The US is expected to hold an 83.02% share of the North America market.

    What is the growth rate of the percutaneous coronary intervention market?

    The percutaneous coronary intervention market is expected to grow at an 10.03% CAGR during the forecast period from 2024 to 2032.

    Which region held the largest market share in 2022 in the Percutaneous Coronary Intervention Market?

    The North America region market is estimated to hold the largest market share in the percutaneous coronary intervention market.

    Who are the key players in the percutaneous coronary intervention market?

    The key players include Boston Scientific Corporation (US), Abbott (US), MicroPort Scientific Corporation (China), Terumo Corporation (Japan), and Medtronic (Ireland).

    Which vascular access led the percutaneous coronary intervention market?

    The radial segment led the percutaneous coronary intervention market.

    Percutaneous Coronary Intervention Market Research Report — Global Forecast till 2034 Infographic
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