In a dynamic trajectory indicative of robust industry expansion, the Global Angiographic Catheters Industry is set to achieve a noteworthy valuation of US$ 2,215.4 million by 2033, according to the latest forecast by Future Market Insights (FMI). This projection marks a substantial increase from the 2023 valuation of US$ 1,451.0 million, showcasing an impressive Compound Annual Growth Rate (CAGR) of 4.3%.
Angiographic catheters, recognized for their pivotal role in the precise delivery of therapeutic agents and radiopaque media within the vascular system, have become focal points of interest for key market stakeholders. The significance of these catheters is further accentuated by their instrumental role in guiding guide wires to specific target sites, particularly in the treatment of cardiac diseases.
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Global Angiographic Catheters Industry: Drivers and Restraints
The increasing prevalence of cardiac vascular diseases (CVDs) and the increased demand for precise diagnostic and procedural equipment in the worldwide healthcare sector are driving up demand for Angiographic Catheters, resulting in the global Angiographic Catheters industry expanding. Furthermore, the ageing population and lifestyle changes that induce hypertension, obesity, and other risk factors for vascular disorders are expected to fuel market growth for Angiographic Catheters.
The high cost of angiographic procedures and other components, on the other hand, may hamper the global Angiographic Catheters industry’s growth. Furthermore, the availability of alternative therapies, as well as the problems associated with Angiographic Catheters, may hamper the growth of the global Angiographic Catheters industry.
Global Angiographic Catheters Industry: Overview
The global market for Angiographic Catheters is expected to grow considerably over the forecast period due to the increasing popularity of angiographic treatments. An angiographic catheter is a surgically invasive, short-term device. The device is designed to detect cardiac defects or problems with the central circulation system.
External factors such as the rising use of e-commerce and logistics services in developing and underdeveloped countries are also propelling the growth of the angiographic catheter market. The global market for Angiographic Catheters is classified into two categories: scoring balloon catheters and cutting balloon catheters. Based on end users, the market is split into hospitals, ambulatory surgery centers, specialized clinics, and others. The hospital segment accounts for the majority of the market for Angiographic Catheters.
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Angiographic Catheters Industry: Regional Outlook
Geographically, the global Angiographic Catheters industry is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to dominate the global Angiographic Catheters industry over the forecast period due to the increasing incidences of cardiovascular diseases in this region.
Western Europe is expected to be the second largest market for Angiographic Catheters due to the increasing government support for people undergoing coronary angioplasty through reimbursement thus increasing the adoption of angioplasty catheters in the region. Asia Pacific market is expected to experience delayed growth due to unawareness of the use of Angiographic Catheters and low disposable income.
Global Angiographic Catheters Industry: Key Players
Some of the players identified in the global Angiographic Catheters industry include AngioDynamics, Inc., Terumo Europe NV, Medtronic, Merit Medical Systems, Inc., OSCOR Inc., B. Braun Melsungen AG, Cardinal Health, InSitu Technologies Inc., BVM Medical Limited, Precision Extrusion Inc., Cardiva, C. R. Bard, Inc., Boston Scientific Corporation and others. In recent years, manufacturers have improved the surface properties of Angiographic Catheters.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition and companies involved
- Technology
- Value Chain
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Global Angiographic Catheters Industry: Segmentation
Tentatively, the global Angiographic Catheters industry has been segmented based on product type, end-user, and geography.
Based on product type, Global Angiographic Catheters Industry is segmented as below:
- Scoring balloon catheters
- Cutting balloon catheters
Based on end-user, Global Angiographic Catheters Industry is segmented as below:
- Hospitals
- Ambulatory Surgical Centers
- Specialty clinics
- Others
Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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