Market Overview
According to the DataM market research report, the Global Angiographic Catheters Market size reached US$ 1.3 Billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 2.2 billion by 2030. The global angiographic catheters market is expected to witness a 7.6% CAGR over the forecast period.
Angiographic catheters help in the diagnosis of various issues related to blood vessels. Major drivers for the angiographic catheters market include the rising demand for minimally invasive procedures and an increase in the geriatric population. The demand for angiographic catheters is expected to increase over the forecast period with the development of new multi-specialty hospitals.
Market Drivers
Rapid technical advancements in medical equipment, as well as rising government expenditures for the construction of healthcare infrastructure, are important factors driving the market. Because of expanding disposable income, higher purchasing capacity and advantageous reimbursement policies, consumers are more convinced to employ innovative healthcare devices.
Market Restraints
The biggest element impeding market expansion is government restrictions on controlling product approval. The availability of alternative therapy, as well as issues with angiographic catheters, are further impeding market expansion.
Market Opportunities
The integration of AI and machine learning algorithms in angiographic catheters and imaging systems can enable real-time analysis of angiographic images, improve procedural accuracy and enhance patient safety. AI-powered catheters can assist healthcare professionals in making precise diagnoses and treatment decisions, leading to improved patient care.
For more details on this report Request For Sample: https://www.datamintelligence.com/download-sample/angiographic-catheters-market
COVID-19 Impact Analysis
The demand for medical supplies has increased due to the needs of the affected population. In primary clinical treatment, equipment like oxygen generators, life-support machines, monitors and atomizers are commonly used for respiratory support. Additionally, the COVID-19 pandemic has caused a surge in demand for medical goods such as masks, gloves and protective eyewear. As the number of COVID-19 cases continues to rise globally, healthcare professionals and the public require more medical supplies for prevention. Manufacturers of these items have an opportunity to meet the rising demand for medical supplies and ensure a consistent supply of personal protective equipment. The Angiographic Catheters market is likely to be significantly impacted by COVID-19 due to these factors.
Recent Developments in the Industry
- In February 2023, Abbott received fresh FDA approval for one catheter and CE mark approval for a second catheter. Abbott has announced two significant regulatory approvals, one in the United States and one in Europe. First, the company’s Flex Ability Sensor Enabled Ablation Catheter was approved for a new indication by the US Food and Drug Administration (FDA). The device is currently authorized as a therapy option for non-ischemic cardiomyopathy patients with ventricular tachycardia (VT).
- In May 2023, Shockwave Medical (SWAV) Introduced a New IVL Catheter in the United States SWAV has announced that the Shockwave L6 Peripheral Intravascular Lithotripsy (IVL) Catheter is now fully commercially available in the United States. This comes after receiving FDA approval for the same. The Shockwave L6 catheter will most likely add to the company’s peripheral IVL portfolio, expanding the size options of the Shockwave M5+ and Shockwave S4 catheters.
- In May 2022, Medtronic Announced FDA Approval for IN. PACT 018 PTA Balloon Catheter Medtronic announced today that the IN. PACT 018 Paclitaxel-Coated Percutaneous Transluminal Angioplasty (PTA) Balloon Catheter, a drug-coated balloon (DCB), has received FDA approval for the interventional treatment of peripheral arterial disease (PAD) in the superficial femoral and popliteal arteries. PAD, a build-up of plaque in the walls of arteries that slows or stops the flow of oxygen-rich blood to the limbs, affects 12 million people in the United States alone; one and half of these patients go untreated, increasing the risk of amputation.
Market Segmentation
As per the research analysis, the global angiographic catheters market is segmented by product type into scoring balloon catheters, conventional catheters, cutting balloon catheters and drug-eluting balloon catheters; by application into endovascular, coronary, neurology, oncology and others; and by end-user into hospitals, specialty clinics, ambulatory surgical centers and others.
- Based on the end-user, the hospital segment is estimated to account for 42.3% of total market revenue. The hospital segment is expected to dominate the overall angiographic catheter market. The factors attributing to the dominance of this segment are enhanced healthcare infrastructure, availability of skilled labor and affordability.
The number of patients is increasing due to a significant rise in the elderly population with conditions like atherosclerosis and heart failure. This is expected to increase the hospitals’ revenue.
View Full Report: https://www.datamintelligence.com/research-report/angiographic-catheters-market
Geographical Classification
The global angiographic catheters market is segmented into North America, Europe, South America, Asia Pacific and Middle East & Africa.
North America Angiographic Catheters Market
North America is the Dominating Region, Accounting for 41.7% During the Forecast Period. North America has a huge market because of the increased acceptance of sophisticated technologies and the presence of large market participants in this area; North America dominates the angiographic catheter market. Furthermore, increased occurrences of cardiovascular disease and an aging population will boost the market’s growth pace. In North America, angiographic catheters are routinely utilized for diagnostic and interventional treatments in cardiology and radiology.
Competitive Landscape
The major global players include Medtronic, Boston Scientific Corporation, Terumo Medical Corporation, Cardinal Health, Merit Medical Systems, Inc, Abbott, Aachen Resonance Entwicklungsgesellschaft Mbh, Zoll Medical Corporation, Contego Medical, Inc, Asahi Intec Co. Ltd and Cardio novum Gmbh.
Suggestions for Related Report
- Global Angiography Devices Market
- Heart Defect Closure Devices Market
- Wearable Heart Monitoring Devices Market
For more Medical Device related reports, Please Click Here
Additional Benefits Post Purchase:
1) Unlimited Analyst support for a period of 1 year.
2) Any query concerning the scope offered will be addressed within 24- 48 hours.
3) An Excel sheet with market numbers will be provided separately.
The Full Report has the below insights:
- The report offers a comprehensive evaluation of the market in terms of market value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data 2021-2022 and verifiable projections about market size during the forecast period 2023-2030.
- Visualize the composition of the global angiographic catheters market segmentation by product type, application, end-user and region, highlighting the key commercial assets and players.
- Product Type: Scoring Balloon Catheters, Conventional Catheters, Cutting balloon catheters, Drug Eluting Balloon Catheters
- By Application: Endovascular, Coronary, Neurology, Oncology, Others
- By End-user: Hospitals, Specialty clinics, Ambulatory surgical centers, Others.
- By Region: North America, South America, Europe, Asia Pacific, Middle East & Africa
- Identify commercial opportunities in the global angiographic catheters market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as Porter’s five force analysis, supply chain analysis, pricing analysis and regulatory analysis.
- Excel data sheet with thousands of data points of global angiographic catheters market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in Excel for the key product of all major market players
The report will provide access to approximately 61 market data tables, 64 figures and close to 180 pages.
About Us:
DataM Intelligence 4Market Research is a Market Research firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you.
We encompass a multitude of Syndicate Reports & Customized Reports with a robust methodology. Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.