The coronary intravascular lithotripsy market size is projected to be worth USD 324.4 Million in 2023. The market is likely to surpass USD 592.2 Million by 2033 at a CAGR of 6.2% during the forecast period.
The increasing frequency of coronary artery diseases. Intravascular lithotripsy (IVL) is gaining popularity as a viable alternative to classic athrectomy treatments such excisional, laser ablation, or rotational athrectomies.
It has also been stated that IVL is easy to learn and may be a more widely used surgical treatment than other options. According to a research undertaken by the National Heart Centre Singapore (NHCS) that evaluated the efficiency of IVL and RA treatments on severely calcified coronary lesions, IVL procedures performed similarly to RA procedures in terms of angiographic success rates. The study also discovered that IVL needed less fluoroscopy time.
Other Drivers Propelling the Demand for Coronary Intravascular Lithotripsy include:
Challenges for Companies /Manufacturers in the Coronary Intravascular Lithotripsy Market:
Opportunities in the Coronary Intravascular Lithotripsy Industry:
Latest Trends in the Coronary Intravascular Lithotripsy Market:
| Attributes | Details |
|---|---|
| Coronary Intravascular Lithotripsy Market Size (2023) | USD 324.4 Million |
| Coronary Intravascular Lithotripsy Market Projected Size (2033) | USD 592.2 Million |
| Value CAGR (2023 to 2033) | 6.2% |
From 2017 to 2022, the global coronary intravascular lithotripsy market experienced a CAGR of 5.0 %, reaching a market size of USD 324.4 Million in 2023.
From 2017 to 2022, the global coronary intravascular lithotripsy industry witnessed steady growth due to the shift towards minimally invasive treatments. Coronary IVL is a relatively new interventional cardiology device, and its market has grown steadily in recent years.
With the advent of IVL, a novel option for treating calcified coronary artery lesions was created, addressing a huge unmet need in the cardiovascular industry.
Since its initial approval and commercialization, the use of coronary IVL has grown as additional clinical data proving its efficacy has emerged. The availability of specialized IVL systems, advances in catheter technology, and increasing physician experience have all led to market expansion.
Future Forecast for Coronary Intravascular Lithotripsy Industry:
Looking ahead, the global coronary intravascular lithotripsy industry is expected to rise at a CAGR of 6.2% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 592.2 million in 2033.
The rising global frequency of cardiovascular illnesses, especially calcified lesions, is expected to increase demand for effective treatment alternatives. Because IVL is a minimally invasive alternative to standard treatments, it has the potential to expand as a result of its capacity to meet an unmet therapeutic need.
As more physicians become aware of the benefits of IVL and clinical data accumulates, the device may become more widely used. Increased acceptability among interventional cardiologists and healthcare providers has the potential to propel market expansion.
| Country | The United States |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 206.6 Million |
| CAGR % 2023 to End of Forecast (2033) | 6.6% |
The coronary intravascular lithotripsy industry in the United States is expected to reach a market value of USD 206.6 million by 2033, expanding at a CAGR of 6.6%.
The coronary intravascular lithotripsy market in the United States is expected to grow as the coronary artery disease in on the rise. For instance, According to the CDC, the most frequent kind of heart disease is coronary heart disease, which will kill 375,476 individuals in 2021. Coronary IVL provides a less invasive and effective therapeutic option for individuals with severely calcified coronary lesions, fueling market acceptance and growth.
| Country | The United Kingdom |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 28.0 million |
| CAGR % 2023 to End of Forecast (2033) | 6.1% |
The coronary intravascular lithotripsy industry in the United Kingdom is expected to reach a market value of USD 28.0 million by 2033, expanding at a CAGR of 6.1% during the forecast period. The market in the United Kingdom is expected to grow due to the increased preference for minimally invasive treatment options.
The UK healthcare system prioritizes the use of novel medical technology to enhance patient outcomes. As healthcare professionals and hospitals become more aware of coronary IVL, this technique is likely to be adopted as a beneficial therapeutic option for patients with calcified coronary lesions. As a result, the UK government is planning to invest in new medical technology to improve healthcare systems. For example, the NHS spends around £10 billion each year on medical technologies.
| Country | China |
|---|---|
| Market Size (USD billion) by End of Forecast Period (2033) | USD 48.4 billion |
| CAGR % 2023 to End of Forecast (2033) | 8.8% |
The coronary intravascular lithotripsy industry in China is anticipated to reach a market value of USD 48.4 million by 2033, moving at a CAGR of 8.8% during the forecast period. Due to the advantages of minimally invasive procedures, such as shorter hospital stays, quicker recovery periods, and less problems, they are becoming more and more popular in China. For instance, because to its advantages including shorter hospital stays, quicker recovery periods, and less problems, minimally invasive therapies are becoming more and more popular in China.
This trend is supported by the minimally invasive treatment for calcified coronary lesions known as coronary IVL, which is anticipated to see more use in the future.
| Country | Japan |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 21.9 million |
| CAGR % 2023 to End of Forecast (2033) | 6.4% |
The coronary intravascular lithotripsy industry in Japan is estimated to reach a market value of USD 21.9 million by 2033, thriving at a CAGR of 6.4%. During the projection period, the Japan market grew due to growing geriatric population.
Japan's ageing population, along with a rising incidence of heart illnesses, pushes the desire for effective, less invasive treatment alternatives. Coronary IVL serves an unmet therapeutic need and adds to market growth by treating calcified lesions.
| Country | South Korea |
|---|---|
| Market Size (USD million) by End of Forecast Period (2033) | USD 7.2 million |
| CAGR % 2023 to End of Forecast (2033) | 5.9% |
The coronary intravascular lithotripsy industry in South Korea is expected to reach a market share of USD 7.2 million, expanding at a CAGR of 5.9% during the forecast period. South Korea's government has been aggressively supporting healthcare reforms and encouraging the use of modern medical technology.
Policies that priorities cardiovascular disease management and medical device development create a favorable environment for the market expansion of coronary IVL.
The hospitals dominated the coronary intravascular lithotripsy industry with a share of 42.7% in 2022. This segment captures a significant market share in 2023 while growing at a projected CAGR of 7.3% between 2023 and 2033, due to the demand for accessible and convenience.
In clinic settings, hospitals may greatly contribute to the patient care team by examining drugs and teaching patients about various cardiac diseases. As a result, hospitals are critical in heart care treatment.
The coronary intravascular lithotripsy industry is highly competitive and numerous players are actively seeking to get hold of market share. In such a scenario, key players have to adopt strategies, which are effective in order to stay ahead of the competition.
Key Strategies Adopted by the Players
Product Innovation
Companies make significant investments in R&D to bring new goods to market that offer improved efficiency, dependability, and cost-effectiveness. Companies may set themselves apart from rivals and adapt to clients' changing requirements thanks to product innovation.
Strategic Partnerships and Collaborations
Strategic partnerships and collaborations between leading organisations in the sector are frequently formed to take advantage of one another's advantages and broaden their market reach. These partnerships can provide businesses access to emerging markets and technology.
Expansion into Emerging Markets
The market for coronary intravascular lithotripsy is expanding significantly in developing nations like China and India. Important firms are creating local production facilities and bolstering their distribution networks in an effort to increase their market share.
Mergers and Acquisitions
In order to strengthen their market positions, increase the scope of their product offerings, and gain access to new markets, major companies in the coronary intravascular lithotripsy market frequently participate in mergers and acquisitions.
Shockwave Medical, Inc.
Key Developments in the Coronary Intravascular Lithotripsy Market:
On February 12, 2021, the USA FDA approved two Intravascular Lithotripsy (IVL) Systems- Shockwave Intravascular Lithotripsy (IVL) System and Shockwave C2 Coronary Intravascular Lithotripsy (IVL) Catheter, according to Shockwave Medical, Inc.
Table 01: Global Market Value (US$ Million) Analysis and Forecast 2018 to 2033, by Distribution Channel
Table 02: Global Market Value (US$ Million) Analysis and Forecast 2018 to 2033, by Region
Table 03: Global Market Volume (Units) Analysis and Forecast 2018 to 2033, by Region
Table 04: North America Market Value (US$ Million) Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
Table 05: North America Market Volume (Units) Analysis and Forecast 2018 to 2033, by Country
Table 06: North America Market Value (US$ Million) Analysis and Forecast 2018 to 2033, by Distribution Channel
Table 07: Latin America Market Value (US$ Million) Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
Table 08: Latin America Market Volume (Units) Analysis and Forecast 2018 to 2033, by Country
Table 09: Latin America Market Value (US$ Million) Analysis and Forecast 2018 to 2033, by Distribution Channel
Table 10: Europe Market Value (US$ Million) Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
Table 11: Europe Market Volume (Units) Analysis and Forecast 2018 to 2033, by Country
Table 12: Europe Market Value (US$ Million) Analysis and Forecast 2018 to 2033, by Distribution Channel
Table 13: South Asia Market Value (US$ Million) Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
Table 14: South Asia Market Volume (Units) Analysis and Forecast 2018 to 2033, by Country
Table 15: South Asia Market Value (US$ Million) Analysis and Forecast 2018 to 2033, by Distribution Channel
Table 16: East Asia Market Value (US$ Million) Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
Table 17: East Asia Market Volume (Units) Analysis and Forecast 2018 to 2033, by Country
Table 18: East Asia Market Value (US$ Million) Analysis and Forecast 2018 to 2033, by Distribution Channel
Table 19: Oceania Market Value (US$ Million) Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
Table 20: Oceania Market Volume (Units) Analysis and Forecast 2018 to 2033, by Country
Table 21: Oceania Market Value (US$ Million) Analysis and Forecast 2018 to 2033, by Distribution Channel
Table 22: Middle East and Africa Market Value (US$ Million) Analysis 2018 to 2022 and Forecast 2023 to 2033, by Country
Table 23: Middle East and Africa Market Volume (Units) Analysis and Forecast 2018 to 2033, by Country
Table 24: Middle East and Africa Market Value (US$ Million) Analysis and Forecast 2018 to 2033, by Distribution Channel
Figure 01: Global Market Volume (Units), 2018 to 2022
Figure 02: Global Market Volume (Units) & Y-o-Y Growth (%) Analysis, 2023 to 2033
Figure 03: Pricing Analysis per unit (US$), in 2022
Figure 04: Pricing Forecast per unit (US$), in 2033
Figure 05: Global Market Value (US$ Million) Analysis, 2018 to 2022
Figure 06: Global Market Forecast & Y-o-Y Growth, 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity (US$ Million) Analysis, 2022 to 2033
Figure 08: Global Market Value Share (%) Analysis 2023 and 2033, by Distribution Channel
Figure 09: Global Market Y-o-Y Growth (%) Analysis 2022 to 2033, by Distribution Channel
Figure 10: Global Market Attractiveness Analysis 2023 to 2033, by Distribution Channel
Figure 11: Global Market Value Share (%) Analysis 2023 and 2033, by Region
Figure 12: Global Market Y-o-Y Growth (%) Analysis 2022 to 2033, by Region
Figure 13: Global Market Attractiveness Analysis 2023 to 2033, by Region
Figure 14: North America Market Value (US$ Million) Analysis, 2018 to 2022
Figure 15: North America Market Value (US$ Million) Forecast, 2023 to 2033
Figure 16: North America Market Value Share, by Distribution Channel (2023 E)
Figure 17: North America Market Value Share, by Country (2023 E)
Figure 18: North America Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 19: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 20: USA Market Value Proportion Analysis, 2022
Figure 21: Global Vs. USA Growth Comparison
Figure 22: USA Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 23: Canada Market Value Proportion Analysis, 2022
Figure 24: Global Vs. Canada. Growth Comparison
Figure 25: Canada Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 26: Latin America Market Value (US$ Million) Analysis, 2018 to 2022
Figure 27: Latin America Market Value (US$ Million) Forecast, 2023 to 2033
Figure 28: Latin America Market Value Share, by Distribution Channel (2023 E)
Figure 29: Latin America Market Value Share, by Country (2023 E)
Figure 30: Latin America Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 32: Mexico Market Value Proportion Analysis, 2022
Figure 33: Global Vs Mexico Growth Comparison
Figure 34: Mexico Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 35: Brazil Market Value Proportion Analysis, 2022
Figure 36: Global Vs. Brazil. Growth Comparison
Figure 37: Brazil Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 38: Argentina Market Value Proportion Analysis, 2022
Figure 39: Global Vs Argentina Growth Comparison
Figure 40: Argentina Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 41: Europe Market Value (US$ Million) Analysis, 2018 to 2022
Figure 42: Europe Market Value (US$ Million) Forecast, 2023 to 2033
Figure 43: Europe Market Value Share, by Distribution Channel (2023 E)
Figure 44: Europe Market Value Share, by Country (2023 E)
Figure 45: Europe Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 46: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 47: UK Market Value Proportion Analysis, 2022
Figure 48: Global Vs. UK Growth Comparison
Figure 49: UK Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 50: Germany Market Value Proportion Analysis, 2022
Figure 51: Global Vs. Germany Growth Comparison
Figure 52: Germany Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 53: Italy Market Value Proportion Analysis, 2022
Figure 54: Global Vs. Italy Growth Comparison
Figure 55: Italy Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 56: France Market Value Proportion Analysis, 2022
Figure 57: Global Vs France Growth Comparison
Figure 58: France Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 59: Spain Market Value Proportion Analysis, 2022
Figure 60: Global Vs Spain Growth Comparison
Figure 61: Spain Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 62: Russia Market Value Proportion Analysis, 2022
Figure 63: Global Vs Russia Growth Comparison
Figure 64: Russia Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 65: BENELUX Market Value Proportion Analysis, 2022
Figure 66: Global Vs BENELUX Growth Comparison
Figure 67: BENELUX Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 68: East Asia Market Value (US$ Million) Analysis, 2018 to 2022
Figure 69: East Asia Market Value (US$ Million) Forecast, 2023 to 2033
Figure 70: East Asia Market Value Share, by Distribution Channel (2023 E)
Figure 71: East Asia Market Value Share, by Country (2023 E)
Figure 72: East Asia Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 73: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 74: China Market Value Proportion Analysis, 2022
Figure 75: Global Vs. China Growth Comparison
Figure 76: China Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 77: Japan Market Value Proportion Analysis, 2022
Figure 78: Global Vs. Japan Growth Comparison
Figure 79: Japan Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 80: South Korea Market Value Proportion Analysis, 2022
Figure 81: Global Vs South Korea Growth Comparison
Figure 82: South Korea Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 83: South Asia Market Value (US$ Million) Analysis, 2018 to 2022
Figure 84: South Asia Market Value (US$ Million) Forecast, 2023 to 2033
Figure 85: South Asia Market Value Share, by Distribution Channel (2023 E)
Figure 86: South Asia Market Value Share, by Country (2023 E)
Figure 87: South Asia Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 88: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 89: India Market Value Proportion Analysis, 2022
Figure 90: Global Vs. India Growth Comparison
Figure 91: India Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 92: Indonesia Market Value Proportion Analysis, 2022
Figure 93: Global Vs. Indonesia Growth Comparison
Figure 94: Indonesia Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 95: Malaysia Market Value Proportion Analysis, 2022
Figure 96: Global Vs. Malaysia Growth Comparison
Figure 97: Malaysia Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 98: Thailand Market Value Proportion Analysis, 2022
Figure 99: Global Vs. Thailand Growth Comparison
Figure 100: Thailand Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 101: Oceania Market Value (US$ Million) Analysis, 2018 to 2022
Figure 102: Oceania Market Value (US$ Million) Forecast, 2023 to 2033
Figure 103: Oceania Market Value Share, by Distribution Channel (2023 E)
Figure 104: Oceania Market Value Share, by Country (2023 E)
Figure 105: Oceania Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 106: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 107: Australia Market Value Proportion Analysis, 2022
Figure 108: Global Vs. Australia Growth Comparison
Figure 109: Australia Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 110: New Zealand Market Value Proportion Analysis, 2022
Figure 111: Global Vs New Zealand Growth Comparison
Figure 112: New Zealand Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 113: Middle East & Africa Market Value (US$ Million) Analysis, 2018 to 2022
Figure 114: Middle East & Africa Market Value (US$ Million) Forecast, 2023 to 2033
Figure 115: Middle East & Africa Market Value Share, by Distribution Channel (2023 E)
Figure 116: Middle East & Africa Market Value Share, by Country (2023 E)
Figure 117: Middle East & Africa Market Attractiveness Analysis by Distribution Channel, 2023 to 2033
Figure 118: Middle East & Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 119: GCC Countries Market Value Proportion Analysis, 2022
Figure 120: Global Vs GCC Countries Growth Comparison
Figure 121: GCC Countries Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 122: Türkiye Market Value Proportion Analysis, 2022
Figure 123: Global Vs. Türkiye Growth Comparison
Figure 124: Türkiye Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 125: South Africa Market Value Proportion Analysis, 2022
Figure 126: Global Vs. South Africa Growth Comparison
Figure 127: South Africa Market Share Analysis (%) by Distribution Channel, 2022 & 2033
Figure 128: Northern Africa Market Value Proportion Analysis, 2022
Figure 129: Global Vs Northern Africa Growth Comparison
Figure 130: Northern Africa Market Share Analysis (%) by Distribution Channel, 2022 & 2033
The market is valued at USD 324.4 million in 2023.
From 2017 to 2022, the market registered a CAGR of 5%.
The market shall reach USD 592.2 million in 2033.
The United States will register a 6.6% CAGR until 2033.
Collaborations will likely unlock scope for innovation in the market.
Coronary Intravascular Lithotripsy Market
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