Steerable Catheters Market 2019 to grow in future by size, developments, trends by 2026

Steerable Catheters Market Snapshot:

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. Now a days, 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.

Increasing prevalence of cardiac diseases across the globe is further boosting the market growth. Constantly deteriorating health bar and increased consumption of high-fat food products including fast food are responsible for increased risk of cardiac diseases, especially in developing and underdeveloped economies to some extent. According to the World Health Organization (WHO), 17.9 million people die every year due to cardiovascular diseases across the globe, making up to 31% of the total deaths worldwide, out of which more than 75% of deaths due to CVD occurs in underdeveloped and developing countries.

Simplest tendon-driven catheter consists of one backbone and one or two tendons. For instance, 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.
Americas dominates the global steerable catheter market. Healthcare infrastructures and facilities are evolving rapidly in North America to provide advanced services. Moreover, technological advancements in medical devices are proving to be an effective and highly precise way of treatment, which, in turn, is expected to increase demand for steerable catheters in North America. South America is a developing region and is witnessing a steady development in healthcare facilities. However, poor economic conditions and low GDP are affecting the speed of developments in healthcare facilities and services in the region. From the past few years, the ongoing industrial revolution has taken South American economy to storm, and many manufacturers are entering the steerable medical devices market to bring technologically advanced medical devices to the region.

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The Major Prominent 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.

By Type, Tendon Driven Catheters, Magnetic Navigation Catheters, Other Types
By Application, Interventional Radiology, Interventional Cardiology, Vascular Surgery, Other Applications

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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Key Questions Answered in The Report:
What will the Steerable Catheters market growth rate?
What are the key factors driving the global Steerable Catheters market?
Who are the key manufacturers in the Steerable Catheters market space?
What are the market opportunities, market risk, and market overview of the Steerable Catheters market?
What are sales, revenue, and price analysis of top manufacturers of the Steerable Catheters market?
Who are the distributors, traders, and dealers of the Steerable Catheters market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Steerable Catheters Industry?
What are sales, revenue, and price analysis by regions of Steerable Catheters industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Steerable Catheters Market Trends:
- The report identifies, determines, and forecasts the Global Steerable Catheters Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Steerable Catheters Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Steerable Catheters Market.

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