Cardiac Catheterization Market Size, Share | Top Players, Demands, Overview, Component, Market Revenue and Forecast to 2027
Research Reports
Apr 12, 2022
Market Overview
Cardiac catheters are primarily used in cardiac catheterization, angioplasty, and Percutaneous Coronary Intervention (PCI) treatments. Cardiovascular catheterization is used to monitor heart muscle function, determine the need for additional treatment, and detect the existence of valve and coronary artery disease. Similarly, in the case of angioplasty and other interventional treatments, the initial step is the insertion of the heart catheter. The cardiac catheterization market is estimated to expand at a 9.2?GR over the forecast period.
Market Dynamics
The global cardiac catheterization market is expanding at a moderate pace, owing mostly to the increased number of people suffering from heart disorders, necessitating surgical operations. The reasons propelling the market’s growth are the increasing prevalence of cardiovascular illnesses, the increasing number of cardiac operations, a large diabetic and obese population, a sizable geriatric population, and changing living standards contributing to the development of cardiac disorders. Additionally, rising awareness of healthcare, advantageous reimbursement policies, increased innovation in medical device research and development, and rising average income of individuals all contribute to the market’s growth.
However, considerations such as the high cost of surgical procedures and catheters, as well as the potential for catheter-related complications, are anticipated to restrain the market’s expansion. In middle-income nations, a lack of adequate healthcare infrastructure and awareness of disorders such as cardiac arrhythmia and tachycardia are significant barriers to market expansion.
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Competitive Dynamics
The global market consist of players such as Boston Scientific Corporation (US), Coloplast (Denmark), Dispocard GmbH (Germany), Becton, Dickinson and Company (US), St. Jude Medical (US), Abbott (US), Johnson & Johnson Private Limited (US), Teleflex Incorporated (US)., Smiths Medical (US), Edwards Life Sciences Corporation (US), Medtronic Inc (US), Rochester Medical Corporation (U.S), Maquet Medical India Private Limited (India), Terumo Medical Corporation (Japan), and others. These are some of the prominent players at the forefront of competition market.
Segmental Analysis
Cardiovascular catheterization is classified by technique, kind, application, and end user.
The market is categorized by procedure type, including coronary angioplasty, balloon septostomy, catheter ablation, bipolar pacing, left heart catheterization, and right heart catheterization.
The market is categorized by type into coronary angiograms, fractional flow reserve imaging, intravascular ultrasound imaging, and optical coherence tomography imaging.
The market is categorized by application into heart attack, abnormal stress test, coronary vasospasm, and cardiac arrhythmia.
The market is categorized by end-users into hospitals and clinics and others.
Regional Overview
North America held the lion’s share of the market for cardiac catheters and guidewires. The regional market is expected to be driven by various attractive reimbursement policies, the development of technologically improved items, and the presence of several significant competitors. Additionally, this region is overseen by regulatory agencies that have enacted legislation governing coronary interventional procedures’ payment.
Europe is the second largest market, owing to an ever-growing patient population, a developed healthcare industry, high healthcare spending, and government funding for research and development.
The APAC market is primarily driven by the rising prevalence of cardiovascular and diabetic illnesses. Furthermore, rising economies such as China, Japan, South Korea, and India are predicted to expand significantly during the forecast period. Additionally, the presence of various domestic firms in China and Japan may contribute to the regional market’s growth.
Although the Middle East and Africa have the smallest market for cardiac catheterization, the Middle East is the region’s largest contributor because to the existence of sophisticated economies such as Kuwait and Qatar. On the other hand, due to a lack of growth in the field of medical research and the presence of economically impoverished countries, Africa’s market is constrained.
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