Cardiovascular procedures are high volume, big business in the well developed U.S, European, and Asia/Pacific markets. But much potential procedure volume has been tapped in these markets, with any appreciable growth limited to low volume, emerging procedures.
By comparison, the less-tapped emerging markets, “Rest of World” potential (i.e., non-U.S., non-Europe, non-Asia/Pacific) for growth is significant. Below is illustrated the 2016 size and growth to 2022 for the major cardiovascular procedures in the Rest of World.
Source: “Global Dynamics of Surgical and Interventional Cardiovascular Procedures, 2015-2022”, Report #C500 (MedMarket Diligence, LLC)
This is an excerpt from Report #C500, “Cardiovascular Procedures to 2022.”
Cardiovascular Procedures in 2016
• Coronary artery bypass graft (CABG) surgery; • Coronary angioplasty and stenting; • Lower extremity arterial bypass surgery; • Percutaneous transluminal angioplasty (PTA) with and without bare metal and drug-eluting stenting; • Peripheral drug-coated balloon angioplasty; • Peripheral atherectomy; • Surgical and endovascular aortic aneurysm repair; • Vena cava filter placement • Endovenous ablation; • Mechanical venous thrombectomy; • Venous angioplasty and stenting; • Carotid endarterectomy; • Carotid artery stenting; • Cerebral thrombectomy; • Cerebral aneurysm and AVM surgical clipping; • Cerebral aneurysm and AVM coiling & flow diversion; • Left Atrial Appendage closure; • Heart valve repair and replacement surgery; • Transcatheter valve repair and replacement; • Congenital heart defect repair; • Percutaneous and surgical placement of temporary and permanent mechanical cardiac support devices; • Pacemaker implantation; • Implantable cardioverter defibrillator placement; • Cardiac resynchronization therapy device placement; • Standard SVT & VT ablation; and • Transcatheter AFib ablation
In 2016, the cumulative worldwide volume of the most prevalent cardiovascular procedures (at right) is projected to approach 15.05 million surgical and transcatheter interventions. This will include:
roughly 4.73 million coronary revascularization procedures via CABG and PCI (or about 31.4% of the total),
close to 4 million percutaneous and surgical peripheral artery revascularization procedures (or 26.5% of the total);
about 2.12 million cardiac rhythm management procedures via implantable pulse generator placement and arrhythmia ablation (or 14.1% of the total);
over 1.65 million CVI, DVT, and PE targeting venous interventions (representing 11.0% of the total);
more than 992 thousand surgical and transcatheter heart defect repairs and valvular interventions (or 6.6% of the total);
close to 931 thousand acute stroke prophylaxis and treatment procedures (contributing 6.2% of the total);
over 374 thousand abdominal and thoracic aortic aneurysm endovascular and surgical repairs (or 2.5% of the total); and
almost 254 thousand placements of temporary and permanent mechanical cardiac support devices in bridge to recovery, bridge to transplant, and destination therapy indications (accounting for about 1.7% of total procedure volume).
During the period 2016 to 2022, the total worldwide volume of covered cardiovascular procedures is forecast to expand on average by 3.7% per annum to over 18.73 million corresponding surgeries and transcatheter interventions in the year 2022. The largest absolute gains can be expected in peripheral arterial interventions (thanks to explosive expansion in utilization of drug-coated balloons in all market geographies), followed by coronary revascularization (supported by continued strong growth in Chinese and Indian PCI utilization) and endovascular venous interventions (driven by grossly underserved patient caseloads within the same Chinese and Indian market geography).
The latter (venous) indications are also expected to register the fastest (5.1%) relative procedural growth, followed by peripheral revascularization (with 4.0% average annual advances) and aortic aneurysm repair (projected to show a 3.6% average annual expansion).
Geographically, Asian-Pacific (APAC) market geography accounts for slightly larger share of the global CVD procedure volume than the U.S. (29.5% vs 29,3% of the total), followed by the largest Western European states (with 23.9%) and ROW geographies (with 17.3%). Because of the faster growth in all covered categories of CVD procedures, the share of APAC can be expected to increase to 33.5% of the total by the year 2022, mostly at the expense of the U.S. and Western Europe.
However, in relative per capita terms, covered APAC territories (e.g., China and India) are continuing to lag far behind developed Western states in utilization rates of therapeutic CVD interventions with roughly 1.57 procedures per million of population performed in 2015 for APAC region versus about 13.4 and 12.3 CVD interventions done per million of population in the U.S. and largest Western European countries.
Report #C500: “Global Dynamics of Surgical and Interventional Cardiovascular Procedures, 2015-2022.” Request excerpts.
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