US Pediatric Cardiology Market Size and Forecast (2021 – 2031)

US Pediatric Cardiology Market Size and Forecast (2021 – 2031)

US Pediatric Cardiology Market Size and Forecast (2021 – 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Transcatheter Heart Valves, Occlusion Devices, Atherectomy Devices, Catheters, Stents, Introducer Sheaths and Others), Surgical Procedures (Interventional Procedures, Heart Rhythm Management Procedures and Others), End User (Hospitals, Specialty Clinics and Others), Disease Indication [Patient Foramen Ovale (PFO), Congenital Heart Disease, Acquired Heart Disease, Arrhythmias, Cardiomyopathies and Others], and Country

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Description

The US pediatric cardiology market size is projected to reach US$ 3.59 billion by 2031 from US$ 2.54 billion in 2023. The market is expected to register a CAGR of 4.4% during 2023–2031.

Pediatric cardiology is a specialized branch of medicine that focuses on diagnosing, treating, and managing heart conditions in infants, children, and adolescents. This field addresses a range of congenital (present at birth) and acquired heart defects, including conditions like ventricular septal defects, atrial septal defects, and more complex issues requiring surgical intervention.

Strategic Initiatives by Companies

Companies operating in the US pediatric cardiology market constantly focus on strategic developments such as product approvals, collaborations, funding, agreements, and new product launches, which help them boost their sales, geographic reach, and capacities to cater to a wide customer base. A few strategic initiatives taken by key players operating in the US pediatric cardiology market are mentioned below:

• In January 2024, Occlutech received the United States Food and Drug Administration (FDA) for Occlutech Pistol Pusher and Occlutech ASD Occluder for the treatment of atrial septal defects (ASD). With this approval, Occlutech will immediately commence commercialization in an exclusive partnership with distributor B. Braun Interventional Systems Inc. The Occlutech ASD occluder is a nitinol, self-expanding, double-disc occlusion device that comprises two umbrella-shaped flexible discs with a waist in the middle connecting the two discs.

• In February 2023, Medtronic relaunched its Harmony Transcatheter Pulmonary Valve (TPV) System, a minimally invasive alternative to open-heart surgery for congenital heart disease patients with native or surgically repaired right ventricular outflow tract (RVOT). The system was designed for patients suffering from RVOT anomalies who also develop severe pulmonary valve regurgitation, a condition where blood leaks into the right lower chamber of the heart after being pumped into the lungs.

• In May 2022, Occlutech signed an exclusive distribution agreement with B. Braun Interventional Systems Inc (BIS). BIS will initiate the US commercialization activities for Occlutech’s Flex II ASD Occluder with the support of the global Occlutech team. Through this collaboration, Occlutech records success in the strategically important US market, which is characterized as a premier and commercially attractive healthcare system. Also, BIS increases its portfolio’s relevancy through strong congenital and structural heart focus.

Therefore, strategic initiatives by various companies focusing on the development of pediatric cardiology devices are likely to offer growth opportunities to the US pediatric cardiology market in the coming years.

However, the dearth of skilled pediatric cardiologists is impacting the availability and quality of care for children with cardiovascular conditions. As the incidence of congenital heart defects and other cardiac diseases continues to rise, the demand for specialized cardiology services is outpacing the supply of trained professionals. In addition, there is increasing awareness about preventive cardiology care to address long-term pediatric cardiology disorders immediately after birth. According to the American Academy of Pediatrics, there is a notable shortage of pediatric cardiologists, particularly in rural and underserved areas in the US, where access to specialized care is often limited. Based on the American Board of Pediatrics (ABP) data through June 2023, 4,117 pediatric cardiologists have ever been board-certified, of which 3,096 (75%) were actively enrolled in Maintenance of Certification (MOC). When the workforce is limited to the US, there was an average of 57.3 board-certified pediatric cardiologists per state (range 0–329) in 2023, which accounts for 4 cardiologists per 100,000 children aged to 17 years (range 0.0–25.4) across the US. There was wide variability in the distribution of pediatric cardiologists within states, with most concentrated in urban settings and few in rural areas. The shortage of pediatric cardiologists also contributes to increased pressure on existing practitioners, leading to burnout and job dissatisfaction. This situation can ultimately affect patient outcomes, as overworked specialists might not be able to provide the comprehensive care needed for complex cases. Thus, the dearth of skilled pediatric cardiologists hampers the market growth.

End User-Based Insights

Based on end users, the pediatric cardiology market is categorized into hospitals, specialty clinics, and others. The hospitals segment dominated the market in 2023. In the US pediatric cardiology market, the hospitals segment is significant in terms of delivering specialized care to children suffering from cardiovascular disorders. The increasing cases of congenital heart defects and other heart diseases have elevated pediatric cardiac centers with modern technologies and multidisciplinary teams for comprehensive treatment. Boston Children’s Hospital, Texas Children’s Hospital, Seattle Children’s Hospital, and the Children’s Hospital of Philadelphia are among the acknowledged leaders, boasting state-of-the-art facilities and innovative approaches to pediatric cardiology—including minimally invasive surgical techniques and interventional procedures. These hospitals emphasize collaborative care, where a cardiologist works with other surgeons, anesthesiologists, and nursing staff to ensure optimized treatment results. Seattle Children’s Hospital performed ~570 pediatric heart surgeries in 2023. Recent investments in telemedicine and remote monitoring technologies further enhance patient management, with constant care and follow-up, highly necessary for patients located in rural areas. Access to specialized care and treatment protocols enhanced in health systems ensures growth in the hospitals segment and advancements in pediatric cardiology, which will improve the quality of life for young patients suffering from cardiovascular problems.

American College of Cardiology, Children’s Heart Foundation, Centers for Disease Control and Prevention, United States Food and Drug Administration, and American Academy of Pediatrics are among the primary and secondary sources referred to while preparing the US pediatric cardiology market report.

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o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the US pediatric cardiology market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the US pediatric cardiology market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. US Pediatric Cardiology Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 US Sternotomy Procedure Analysis
5. US Pediatric Cardiology Market – Key Market Dynamics
5.1 US Pediatric Cardiology Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Incidence of Congenital Heart Disease in Pediatrics
5.2.2 Growing Shift Toward Minimally Invasive Procedures
5.3 Market Restraints
5.3.1 Dearth of Skilled Pediatric Cardiologists
5.4 Market Opportunities
5.4.1 Strategic Initiatives by Companies
5.5 Future Trends
5.5.1 Integration of AI and Machine Learning with Pediatric Cardiology
5.6 Impact of Drivers and Restraints:
6. US Pediatric Cardiology Market Analysis
6.1 US Pediatric Cardiology Market Revenue (US$ Million), 2021–2031
7. US Pediatric Cardiology Market Analysis – by Product Type
7.1 Transcatheter Heart Valves
7.1.1 Overview
7.1.2 Transcatheter Heart Valves: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Occlusion Devices
7.2.1 Overview
7.2.2 Occlusion Devices: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Atherectomy Devices
7.3.1 Overview
7.3.2 Atherectomy Devices: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Catheters
7.4.1 Overview
7.4.2 Catheters: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Stents
7.5.1 Overview
7.5.2 Stents: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
7.6 Introducer Sheaths
7.6.1 Overview
7.6.2 Introducer Sheaths: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
8. US Pediatric Cardiology Market Analysis – by Surgical Procedures
8.1 Interventional Procedures
8.1.1 Overview
8.1.2 Interventional Procedures: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Heart Rhythm Management Procedures
8.2.1 Overview
8.2.2 Heart Rhythm Management Procedures: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Others
8.3.1 Overview
8.3.2 Others: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
9. US Pediatric Cardiology Market Analysis – by End User
9.1 Hospitals
9.1.1 Overview
9.1.2 Hospitals: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Specialty Clinics
9.2.1 Overview
9.2.2 Specialty Clinics: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Others
9.3.1 Overview
9.3.2 Others: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
10. US Pediatric Cardiology Market Analysis – by Disease Indication
10.1 Patient Foramen Ovale (PFO)
10.1.1 Overview
10.1.2 Patient Foramen Ovale (PFO): US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
10.2 Congenital Heart Disease
10.2.1 Overview
10.2.2 Congenital Heart Disease: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
10.3 Acquired Heart Disease
10.3.1 Overview
10.3.2 Acquired Heart Disease: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
10.4 Arrhythmias
10.4.1 Overview
10.4.2 Arrhythmias: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
10.5 Cardiomyopathies
10.5.1 Overview
10.5.2 Cardiomyopathies: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies in US Pediatric Cardiology Market
11.3 Organic Growth Strategies
11.3.1 Overview
11.4 Inorganic Growth Strategies
11.4.1 Overview
12. Company Profiles
12.1 Abbott Laboratories
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Medtronic Plc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Edwards Lifesciences Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Terumo Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 W L Gore and Associates Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 NuMED
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Cordis Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Occlutech US LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Biotronik SE & Co KG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 RENATA MEDICAL
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Research Team
13.2 Glossary of Terms

LIST OF TABLES

Table 1. US Pediatric Cardiology Market Segmentation
Table 2. US Pediatric Cardiology Market – Volume and Forecast to 2031 (Units) – by Product Type
Table 3. US Pediatric Cardiology Market – Volume and Forecast to 2031 (Units) – by Surgical Procedures
Table 4. US Pediatric Cardiology Market – Volume and Forecast to 2031 (Units) – by Disease Indication
Table 5. Recent Organic Growth Strategies in US Pediatric Cardiology Market
Table 6. Recent Inorganic Growth Strategies in the US Pediatric Cardiology Market
Table 7. Glossary of Terms, US Pediatric Cardiology Market

LIST OF FIGURES

Figure 1. US Pediatric Cardiology Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. US Pediatric Cardiology Market Revenue (US$ Million), 2021–2031
Figure 5. US Pediatric Cardiology Market Share (%) – by Product Type, 2023 and 2031
Figure 6. Transcatheter Heart Valves: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Occlusion Devices: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Atherectomy Devices: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Catheters: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Stents: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Introducer Sheaths: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Others: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. US Pediatric Cardiology Market Share (%) – by Surgical Procedures, 2023 and 2031
Figure 14. Interventional Procedures: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Heart Rhythm Management Procedures: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Others: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. US Pediatric Cardiology Market Share (%) – by End User, 2023 and 2031
Figure 18. Hospitals: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Specialty Clinics: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Others: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 21. US Pediatric Cardiology Market Share (%) – by Disease Indication, 2023 and 2031
Figure 22. Patient Foramen Ovale (PFO): US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 23. Congenital Heart Disease: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Acquired Heart Disease: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 25. Arrhythmias: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 26. Cardiomyopathies: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Others: US Pediatric Cardiology Market – Revenue and Forecast to 2031 (US$ Million)
Figure 28. Growth Strategies in US Pediatric Cardiology Market

The List of Companies – US Pediatric Cardiology Market
o Abbott Laboratories
o Medtronic Plc
o Edwards Lifesciences Corp
o Terumo Corp
o W L Gore & Associates Inc
o NuMED
o Cordis Corp
o Occlutech US LLC
o Biotronik SE & Co KG
o RENATA MEDICAL

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