Press release
Steerable Catheters Market 2019 to grow in future by size, developments, trends by 2026
Steerable Catheters Market
The global steerable catheters market was valued at USD 1,388.19 million in 2018 and is expected to attain USD 2803.44 million by 2026, at a CAGR of 9.2%.
Steerable catheters are a result of constant technological advancements in the medical devices field. Nowadays, steerable catheters are increasingly used for diagnostics and therapeutics of cardiac and orthopedic disorders. With the help of steerable catheters, tasks can be effectively, precisely, and easily completed. Rising adoption of steerable catheters across the globe has been increasing its demand, which, in turn, is driving the global steerable catheters market.
Polaris XTM Steerable Diagnostic Catheter and SteeroCath-Dx by Boston Scientific Inc. are single tendons and bidirectional steerable catheter respectively. In the last few years, the market has witnessed significant rise in the number of interventional procedures, which further tighten the demand for steerable catheters. Hansen Medical Inc. offers ‘Sensei X Robotic Catheter System’ for cardiac surgery, which is a sophisticated tendon-driven steerable catheter and allows the physician to navigate the catheter through the teleoperating workstation.
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The Major Players Covered in this Report: OSCOR Inc, Merit Medical Systems, Integer Holdings Corporation, DEAM, Abbott, DePuy Synthes (Johnson & Johnson Services, Inc.), Boston Scientific Corporation, and Biosense Webster Inc., & More...
By Type, Tendon Driven Catheters, Magnetic Navigation Catheters, Other Types
By Application, Interventional Radiology, Interventional Cardiology, Vascular Surgery, Other Applications
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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Steerable Catheters in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Steerable Catheters market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Steerable Catheters and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Steerable Catheters. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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The report covers exhaustive analysis on:
Overview of the parent market
Global Steerable Catheters Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Steerable Catheters Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global Steerable Catheters Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements
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