Cardiac catheters play a pivotal role in cardiovascular medicine, offering minimally invasive diagnostic and therapeutic interventions. These slender tubes, guided through blood vessels, aid in diagnosing heart conditions and obtaining real-time images for precise treatment planning. They enable procedures like angioplasty and stent placement, restoring blood flow in narrowed arteries. Additionally, advanced catheters offer enhanced maneuverability, radiofrequency ablation, and drug delivery capabilities, providing tailored solutions for complex cardiac conditions. This sophisticated technology continues to revolutionize cardiovascular care, improving patient outcomes and reducing recovery times.
According to Data Bridge Market Research, the Global Cardiac Catheters Market is accounted at USD 22.7 billion in 2021 and is expected to reach USD 41.71 billion by 2029. The market is expected to grow with a CAGR of 7.90% in the forecast period of 2022 to 2029.
“Increasing prevalence of chronic illnesses boosts the market’s growth”
The increasing prevalence of chronic illnesses, such as cardiovascular diseases, drives the growth of the cardiac catheters market. As the aging population rises and lifestyle factors contribute to heart-related conditions, the demand for minimally invasive procedures, including cardiac catheterization, surges. Cardiac catheters enable precise diagnosis and treatment of various cardiac conditions, reducing the need for open-heart surgeries and promoting faster recovery times. This trend propels the expansion of the cardiac catheters market as healthcare providers seek innovative solutions to meet the growing patient needs.
What restraints the growth of the global cardiac catheters market?
“High cost associated restraints the market’s growth”
The cardiac catheters market faces growth restraints due to the high cost associated with these medical device. The advanced technology and specialized materials used in manufacturing cardiac catheters contribute to their expensive nature. As healthcare systems aim to control costs and patients seek affordable treatment options, the high price of cardiac catheters can limit their widespread adoption. Manufacturers and healthcare providers need to address cost concerns and explore more cost-effective solutions to ensure broader accessibility and drive market growth.
Segmentation: Global Cardiac Catheters Market
The global cardiac catheters market is segmented on the basis of type and end use.
- On the basis of type, the cardiac catheters market is segmented into electrophysiology catheters, PTCA balloons catheters, IVUS catheters, PTA balloons catheters, others.
- On the basis of end use, the cardiac catheters market is segmented into hospitals, clinics, public ambulatory surgical centers, others.
Regional Insights: Europe dominates the Global Cardiac Catheters Market
North America dominates the cardiac catheters market due to changing lifestyles and technological advancements. Sedentary habits, unhealthy diets, and stress contribute to the rising prevalence. Simultaneously, advancements in medical technology, such as improved diagnostics and treatment options, address the growing healthcare demands and aid in managing cardiac conditions more effectively.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 owing to rising economies and a larger pool of patients with cardiac disorders. As countries invest in improving healthcare infrastructure and implementing government initiatives to enhance healthcare services, the market for cardiac catheters is expected to expand further to meet the increasing demand for advanced cardiac care.
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Recent Developments
- In November 2021, A U.S. patent for the Healight ultraviolet-A light-based pulmonary catheter has been granted to Aytu BioPharma, a pharmaceutical company based in the United States, as reported by the U.S. Patent and Trademark Office.
- In November 2021, The Flume Catheter Company Ltd., headquartered in the UK, revealed that the U.S. Food and Drug Administration (FDA) has approved the marketing of the FLUME catheter in the United States.
The Prominent Key Players Operating in the Global Cardiac Catheters Market Include:
- Abbott (U.S.)
- B.D. (U.S.)
- Boston Scientific Corporation (U.S.)
- Medtronic (Ireland)
- Cook (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Smith & Nephew plc (Germany)
- Cardinal Health (U.S.)
- Terumo Corporation (Japan)
- Conavi Medical (U.S.)
- Edwards Lifesciences Corporation (U.S)
- Infraredx, Inc. (U.S)
- Getinge AB (Sweden)
- Coloplast Corp (Denmark)
- McKesson Medical-Surgical (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global cardiac catheters market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Cardiac Catheters Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
