Press release
Diagnostic Catheter Market – Current Trends, Opportunities & Challenges by 2025
The main objective of this report is to define, describe, and forecast the global “Diagnostic Catheter” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Catheters are narrow tubes of 2 mm to 3 mm diameter, made up of medical grade material such as silicon rubber, plastic, nylon, and polyvinyl chloride (PVC), which are inserted in a patient’s body for diagnostic and therapeutic purposes. Catheterization is a primary co-procedure performed with various other medical procedures such as angioplasty, cardiac electrophysiology, neurosurgery, and urethral catheterization. For instance, diagnostic cardiac catheterization can be used to measure blood pressure inside heart chambers, collect blood sample, and conduct angiography (X-ray imaging of blood vessels using radiographic contrast materials).
The global diagnostic catheter market is driven by several factors such as rise in prevalence of chronic disorders such as cardiovascular and kidney disorders, surge in the number of minimally invasive surgeries, and increase in geriatric population. Furthermore, rise in reimbursement and technological advancements in imaging catheter technology are expected to boost market growth. Demand for diagnostic catheters is high due to their mapping and localization capabilities. Companies are coming up with new technologies to drive revenue through higher sales. These focus on introducing cost-effective product lines depending on end-users' requirement. For instance, St. Jude Medical, Inc. developed EnSite NavX, a 3D mapping and visualization system that allows a 3D anatomical map of the cardiac chambers to be created, allowing the physician to visualize the catheters in various cardiac chambers throughout the procedure as well as to map the arrhythmia origins. The user interface for a remote surgical catheter guidance system and 3D mapping and visualization systems typically comprises displays, keyboards, and a (3D) mouse. Such robotic surgical systems also use input devices, which allow physicians to articulate the remote catheter motion. However, rise in incidence of catheter-associated infections, insufficient quality assurance, and price wars at domestic levels are the major factors restraining the market. Steerable curve catheters, mapping catheters, and preference of companies for product bundling are the recent trends in the market. Steerable curve diagnostic catheters offer high torque transmission, which gives the examiner the ease of accessibility to turn the tip of the catheter with rotational movement of the proximal hand through predefined distal curve shape. Moreover, the cannulation capabilities of these devices offer precise control, even at the topmost distal point. Circular mapping catheters allow more accurate navigation and model creation with impedance-field flexibility and magnetic-field stability. A more advanced mapping catheter i.e., grid mapping catheter, has been developed by St. Jude Medical, Inc. for high-density mapping. However, it is not suitable for all kind of patients and has certain limitations. Hence, sale of the catheter by or on order of a physician has been restricted by the U.S. law. Companies are offering electrophysiological diagnostic catheters bundled with the cryoablation catheters for the cryoablation procedure for the inline diagnosis.
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The global diagnostic catheter market can be segmented based on product type, application, and end-user. In terms of product type, the market can be bifurcated into imaging and non-imaging catheters. Imaging catheters can be sub-divided into ultrasound catheters, angiography catheters, electrophysiology (EP) catheters, OCT catheters, and others. Non-imaging catheters are temperature monitoring catheters and pressure & hemodynamic monitoring catheters. In terms of application, the global diagnostic catheter market can be categorized into cardiology, urology, neurology, gastroenterology, and others. Based on end-user, the market can be classified into hospitals and diagnostic & imaging centers.
The global diagnostic catheter market can be segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of the global diagnostic catheters market, followed by Europe, Asia Pacific, and Middle East & Africa. Growth of the market in North America is attributed to rise in incidence of cardiovascular disorders, high awareness about minimally invasive techniques, and increase in the number of diagnostic and imaging centers. The market in Asia Pacific is anticipated to grow at a rapid pace due to rise in the number of cases of cardiovascular disorders and catheters associated infections. The market in Latin America and Middle East & Africa is expected to witness moderate growth during the forecast period due to slow adoption of latest technologies.
Major players in the global diagnostic catheters market are Boston Scientific Corporation, St. Jude Medical, Inc., Medtronic, Johnson & Johnson, Koninklijke Philips N.V., B. Braun Melsungen AG, C. R. Bard, Inc., Cardinal Health, Inc., Edward Lifesciences Corporation, and Terumo Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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