Rockville, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Global Demand for Cardiovascular Therapeutic Catheters Is Expected To Rise at a CAGR of 7.5% by 2032: Fact.MR Analysis
Rapidly Growing Rate Of Senior Population Worldwide (Who Are More Likely To Experience Heart-Related Ailments) And Swiftly Developing Global Healthcare Sector Are Boosting The Sales Of Cardiovascular Catheters
The global cardiovascular catheters market is valued at US$ 21.44 billion in 2023 and is predicted to reach US$ 42.18 billion by 2033, as per a new industry analysis by Fact.MR, a market research and competitive intelligence provider.
Cardiac catheters are devices used to direct and visualise the coronary arteries or to examine how the heart valves are working. The catheter is typically a thin, flexible tube that assists in completing cardiovascular treatments such as angioplasty and stenting by guiding equipment through the body's blood arteries. Cardiac catheters are in high demand because they provide an effective alternative option such as minimally-invasive interventional procedures to open surgeries. The prevalence of cardiovascular disorders, changes in living habits, poor dietary practices, and excessive consumption of alcohol and tobacco are all contributing to an increase in the sales of cardiac catheters.
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Surgeries are now becoming common as a result of rising cases of artery blockage and stroke. Demand for cardiovascular catheters is increasing as minimally-invasive surgical procedures with improved medical imaging are becoming more popular. Along with technological advancements and developments in sensor technologies, the rising need for interventional cardiac catheterization will further support market trends for cardiovascular catheters during the projection period.
Key Takeaways from Market Study
- The global cardiovascular catheters market is expected to increase at a CAGR of 7% from 2023 to 2033.
- Worldwide sales of cardiovascular therapeutic catheters are expected to rise at a CAGR of 7.5% during the forecast period.
- Global demand for cardiovascular diagnostic catheters is predicted to expand at a CAGR of 6% during the next 10 years.
- China’s market is predicted to surge ahead at a CAGR of 11% during the projected period.
Recent Market Developments
- The Healight ultraviolet-A light-based pulmonary catheter received a U.S. patent from the U.S. Patent and Trademark Office in November 2021, according to Aytu BioPharma.
- November 2021: FDA authorised the UK-based The Flume Catheter Company Ltd. to market the FLUME catheter in the United States.
- March 2021: FDA approved MedAlliance's drug-eluting coronary balloon catheter. The product is known as the Selution SLR sustained limus release drug-eluting balloon catheter. It was given the green light for its design since it increased the luminal diameter in patients with atherosclerotic lesions.
- To detect, monitor, and examine the radiofrequency and energy distribution during cardiac ablation treatments, Boston Scientific Corporation introduced DIRECTSENSE technological tool in June 2020. It is implanted at the tip of catheters. This new introduction gave the business a technological edge over its competitors and enables it to diversify its product line.
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Key Companies Profiled
- AngioDynamics, Inc.
- B. Braun Melsungen AG
- Becton, Dickinson and Company
- Biotronik SE & Co. KG
- Boston Scientific Corporation
- Edwards Lifesciences Corporation
- GE Healthcare
- Hansen Medical, Inc.
- Medtronic PLC
- Merit Medical Systems, Inc.
- St. Jude Medical, Inc.
- Terumo Medical Corporation
- Toray Industries, Inc
Key Segments of Cardiovascular Catheters Industry Research
- By Product :
- Cardiovascular Therapeutic Catheters
- Cardiovascular Diagnostic Catheters
- By End User :
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global cardiovascular catheters market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.
The study divulges essential insights on the market on the basis of product (cardiovascular therapeutic catheters, cardiovascular diagnostic catheters) and end user (hospitals, clinics, ambulatory surgical centers), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product modifications /Innovation
4. Key Success Factors
4.1. Strategic Developments
4.2. Key regulations
4.3. Product USPs /Technology
4.4. List of Manufacturers and Providers
5. Market Background
5.1. Macro-Economic Factors
5.2. Forecast Factors - Relevance & Impact
5.3. Market Dynamics
6. COVID19 Crisis Analysis
6.1. Current COVID19 Statistics and Probable Future Impact
TOC Contd…..
Check out more related studies published by Fact.MR Research:
Veterinary Catheters Market: Veterinary catheters are the long slender flexible tubes used to deliver medications, fluids, blood, plasma transfusions and gases to the animal body. A catheter is used to drain waste fluids like urine from the body of animals
Therapeutic Catheters Market: New approaches in catheterization techniques have led to the development of numerous therapeutic procedures. Medical catheters consist of tubes that are inserted into the body vessel, cavity or duct to allow the fluids, medications or gases to drain the urine or fluids from the body.
Pleural Catheters Market: The global pleural catheters market has reached a valuation of US$ 28.2 million in 2022 and is expected to expand at a CAGR of 6.6% to end up at US$ 53.3 million by 2032. Europe is predicted to account for 23.6% share of the global market by the end of 2032.
Surgical Catheters Market: The increasing geriatric population and rising incidences of diabetes, renal failure, and cardiovascular diseases are driving the growth of the global surgical catheters market.
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