Press release
Diagnostic Catheters Market Report, Size, Share, Growth, Trends, Industry Outlook to 2033
Diagnostic Catheters Market
The new report published by The Business Research Company, titled Diagnostic Catheters Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the diagnostic catheters market size has grown strongly in recent years. It will grow from $4.00 billion in 2023 to $4.25 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The diagnostic catheters market size is expected to see strong growth in the next few years. It will grow to $5.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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What Is Driving The Growth Of The Global Diagnostic Catheters Market?
Cardiovascular Diseases Propel Growth Of The Diagnostic Catheter Market
The rising prevalence of cardiovascular diseases is expected to propel the growth of the diagnostic catheter market going forward. Cardiovascular disease (CVD) refers to a group of disorders affecting the heart and blood vessels, including conditions such as coronary artery disease, heart attacks, and stroke. Cardiovascular diseases are rising due to several reasons, including an unhealthy diet, obesity, stress, urbanization, and socioeconomic factors. Diagnostic catheters are used to visualize and assess the function of cardiovascular structures and detect abnormalities in patients with cardiovascular diseases. For instance, in May 2024, according to the Centers for Disease Control and Prevention, a US-based government agency, heart disease led to 702,880 deaths in 2022, which equates to 1 in every 5 fatalities, or one person every 33 seconds. Coronary heart disease, the most common type, was responsible for 371,506 deaths. Additionally, approximately 20% of all cardiovascular disease deaths were among adults younger than 65 years old. Therefore, the rising prevalence of cardiovascular diseases is driving the growth of the diagnostic catheter market.
What Is The Key Trend In The Global Diagnostic Catheters Market?
Innovative Technology Enhances Cardiac Mapping For Improved Arrhythmia Treatment
Major companies operating in the diagnostic catheter market are focusing on developing technological advancements, such as TRUErefTM technology, to enhance the mapping of complex cardiac arrhythmias. TRUEref technology refers to a method for providing high-precision reference data in imaging and diagnostics, often used in medical devices for enhanced accuracy. For instance, in July 2023, Biosense Webster Inc., a US-based company that specializes in manufacturing medical devices for cardiac arrhythmias, launched the OPTRELL Mapping Catheter to provide high-definition electrophysiological mapping. It is powered by the CARTO 3 System, a high-density diagnostic tool designed for precise electrophysiological mapping in complex cardiac arrhythmia cases. It features 48 small electrodes arranged in a fixed array, delivering high-resolution maps for better ablation targeting. This technology enhances clinicians' ability to detect ablation gaps and understand arrhythmia mechanisms, ultimately improving treatment outcomes for patients.
How Is The Global Diagnostic Catheters Market Segmented?
The diagnostic catheters market covered in this report is segmented -
1) By Type: Diagnostic Imaging Catheters , Angiography Catheters, Electrophysiology Catheters, Non-Imaging Diagnostic Catheter, Pressure And Hemodynamic Monitoring Catheters, Temperature Monitoring Catheters, Other Non-Imaging Diagnostic Catheter
2) By Application Area: Cardiology, Urology , Gastroenterology , Neurology , Other Application Areas
3) By End-User: Hospitals, Diagnostic And Imaging Centers
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How Is The Competitive Landscape Of The Global Diagnostic Catheters Market?
Major companies operating in the diagnostic catheters market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Becton Dickinson and Company, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, St. Jude Medical Inc., Cook Medical Incorporated, Biotronik SE & Co. KG, AngioDynamics Inc., Cordis Corporation, Alvimedica, Wellinq, Relisys Medical Devices Limited, AdvinHealthcare, Omnia Health LLC
Contents Of The Global Diagnostic Catheters Market
1. Executive Summary
2. Diagnostic Catheters Market Report Structure
3. Diagnostic Catheters Market Trends And Strategies
4. Diagnostic Catheters Market - Macro Economic Scenario
5. Diagnostic Catheters Market Size And Growth
…..
27. Diagnostic Catheters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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