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Vietnam Interventional Cardiology Market Report and Forecast 2024-2032

04-04-2024 02:09 PM CET | Health & Medicine

Press release from: Expert Market Report

Vietnam Interventional Cardiology Market Report and Forecast

The Vietnam interventional cardiology market size was valued at USD 0.8 billion in 2023, driven by a growing preference for minimally invasive procedures among both healthcare professionals and patients. The market size is anticipated to grow at a CAGR of 7.45% during the forecast period of 2024-2032 to achieve a value of USD 1.4 billion by 2032.

Interventional Cardiology: Introduction

Interventional cardiology is a specialized area of cardiology that diagnoses and treats cardiovascular diseases using catheter-based procedures. Instead of traditional surgery, doctors insert a catheter through a small incision in the leg or arm to reach the heart and blood vessels. This approach is used for various treatments, including angioplasty (widening narrowed or blocked arteries), stent placement, and correcting certain types of heart defects. Interventional cardiology offers patients shorter recovery times and less discomfort compared to open-heart surgery.

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Key Trends in the Vietnam Interventional Cardiology Market

Vietnam's interventional cardiology market is witnessing a growing preference for minimally invasive procedures among both healthcare professionals and patients. This trend is driven by the benefits of these procedures, such as shorter hospital stays, reduced recovery times, and lower risk of complications compared to traditional surgery.

The rising prevalence of cardiovascular diseases in Vietnam, attributed to changing lifestyles, increased smoking rates, and a growing elderly population, is driving demand for interventional cardiology services. This includes a higher incidence of conditions that require interventional cardiology treatments, such as coronary artery disease and heart valve disorders.

There is a notable interest in the adoption of advanced technologies within the field, including drug-eluting stents, bioresorbable stents, and cutting-edge imaging techniques. These advancements offer improved outcomes for patients and are gradually being integrated into clinical practice across Vietnam.

Increased investment from both the government and private sectors is supporting the growth of the market. Funding is being directed toward purchasing new medical devices, expanding hospital capacities, and improving the quality of medical services.

Collaborations and partnerships with international medical institutions and companies are playing a key role in the development of the interventional cardiology field. These partnerships are facilitating the transfer of knowledge, training of medical staff, and access to the latest cardiology treatments and technologies.

Vietnam is actively working on expanding and modernizing its healthcare infrastructure, including the development of specialized cardiac centers and the training of healthcare professionals in interventional cardiology. This expansion is crucial for broadening access to care, especially in underserved rural areas.

Vietnam Interventional Cardiology Market Segmentation

Market Breakup by Product

Catheters
Angiography Catheters
Balloon Dilatation Catheters
Percutaneous Transluminal Coronary Angioplasty Guiding Catheters
Guide Extension Catheters
Microcatheters
Dual Lumen Catheters
Others
Guide Wires
Coronary Guide Wires
Specialty Guide Wires
Coronary Stents
Bare Stents
Drug-Eluting Stents
Bio Absorbable Stents
Angioplasty Balloons
Old/Normal Balloons
Drug-Eluting Balloons
Cutting/Scoring Balloons
Plague Modification Devices
Thrombectomy Devices
Atherectomy
Hemodynamic Flow Alteration Devices
Embolic Protection Devices
Chronic Total Occlusion Devices
Vascular Closure Devices (VCDS)
Nitinol Clip-Based (Starclose) Devices
Suture Based (Perclose)
Collagen Plug-Based (Angio-Seal)
Fractional Flow Reserve (FFR)
Accessories
Angioplasty Kits
Balloon Inflation Devices
Introducer Sheaths
Hemostasis Heart
Others

Market Breakup by Type

Conventional
Catheters
Coronary Guide Wires
Coronary Stents
Vascular Closure Devices (VCDS)
Others
Advanced
Plague Modification Devices
Hemodynamic Flow Alteration Devices
Intravascular Ultrasound (IVUS) Catheters
Fractional Flow Reserve (FFR)

Market Breakup by Indication

Cardiac Catheterization
Percutaneous Coronary Intervention (PCI)
Coronary Thrombectomy
Atherectomy
Balloon Angioplasty
Stent Implantation
Hypothermia/Intra-Aortic Balloon Pump
Patent Foramen Ovale Closure
Others

Market Breakup by Age

Adult
Pediatric
Geriatric

Market Breakup by Distribution Channel

Direct Tenders
Third Party Distributors

Market Breakup by End User

Hospitals
Acute Care Hospitals
Long-Term Care Hospitals
Cath Laboratories
Academic and Research Institutes

Market Breakup by Region

Northern and Central
Western
Southern
Eastern

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/vietnam-interventional-cardiology-market

Vietnam Interventional Cardiology Market Overview

There is a rising demand for interventional cardiology procedures in Vietnam, driven by a growing awareness of cardiovascular diseases (CVDs) and their impact. This trend is supported by the country's aging population and lifestyle changes leading to higher incidences of heart-related conditions.

The Vietnamese government is actively working to improve healthcare infrastructure and access to medical services, including advanced cardiac care. Investments in healthcare facilities, training for medical professionals, and initiatives to enhance the quality of care are key factors supporting the market's growth.

Vietnam is witnessing an adoption of advanced technologies in interventional cardiology, such as drug-eluting stents and minimally invasive surgical techniques. These advancements are improving patient outcomes and offering alternatives to traditional surgical procedures.

Vietnam Interventional Cardiology Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.

Boston Scientific Corporation
Terumo Vietnam Medical Equipments Co., Ltd
Abbott Laboratories
Medtronic Plc
Stryker Corporation
Becton, Dickinson and Company
Angio Dynamics
Braun Melsungen AG
Biotronik
Medinol LTD.
Philips Electronics N.V.
Teleflex Incorporated
USM Healthcare
Edwards Lifesciences
Penumbra Inc

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Contact Person: Joe Goldberg, Business Consultant
Email: sales@expertmarketresearch.com
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