Sensor-based Smart Catheters Market Robust Expansion is expected to 2031

Sensor-based Smart Catheters Market worth $8.12 billion by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Sensor-based Smart Catheters Market By Product Type (Temperature Sensing Foley Catheter, Pressure Catheter, Mapping Catheter, and Others), Catheter Type (Single Lumen, Multi Lumen), Material (Silicon, Polytetrafluoroethylene, Polyetheretherkeone, and Others), Application ( Cardiovascular, Urology, Gynecology, Neurovascular, and Others)) - Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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The global market for sensor-based smart catheters was estimated to be worth US$ 3.83 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.0% from 2022 to 2030, reaching US$ 8.12 billion. This is according to the most recent research conducted by InsightAce Analytic.

Nowadays, the Majority of medical operations are minimally invasive and supported by smart imaging and sensing catheters that act as the surgeon's "eyes and ears" right atthe treatment site People with chronic Illnesses who have a history of recurrent hospitalization can benefit from a sensor-based smart catheter's ability to detect pH changes in its surroundings. In order to stay ahead of the competition, this encourages medical technology companies to conduct research on smart catheter flow sensors.
The The need for sensor-based smart catheters is anticipated to increase as the frequency of surgeries for chronic illnesses and intensive care unit hospitalizations increases. The global market for sensor-based smart catheters is expected to grow in the next few years due to the rising prevalence of coronary heart disease, renal failure, and urinary bladder problems. Governments in developed Nations have created guidelines for nurses and other healthcare professionals to use catheterization safely and effectively due to the rise in the prevalence of catheter-associated urological and vascular infections, which will positively impact the market for sensor-based smart catheters.
However, the high cost of advanced catheters may be a barrier to business expansion. Patients having catheterization treatments are increasingly in need of new catheters because of their cardiovascular and chronic conditions, including coronary heart disease, renal failure, and urinary bladder illness. However, the high cost of catheterization operations needed to address these conditions may lead to a decline in catheter use in low-income countries.

North America dominated the market in 2021. This growth can be attributed to the region's established healthcare facilities, the availability of highly qualified physicians, and increased public awarenessof urinary tract infections. Due to the region's improving healthcare infrastructure and ageing population, the Asia Pacific market is expected to grow quickly throughout the forecast period. The region's market is expanding due to the presence of a substantial patient base with cardiovascular and kidney disorders as well as better medical facilities.

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The most prominent market players in the Sensor-based smart catheter market are Abbott Laboratories, ICU Medical, Inc., B. Braun Melsungen AG, Johnson & Johnson Services, Inc., Teleflex Incorporated, Becton, Dickinson and Company, Biometrix, Medtronic plc, AD Instruments, UroDev Medical, Asid Bonz GmbH, Bactiguard AB, COOK Medical, Laborie, Medline Industries, ZOLL Medical Corporation, TE Connectivity, and Other prominent players.

Key Developments:
• In Feb 2022, Teleflex Incorporated announced that the U.S. Food and Drug Administration had cleared a prolonged indication for its speciality catheters and coronary guidewires for use in crossing (CTO PCI) chronic total occlusion percutaneous coronary interventions.
• In Oct 2020, Johnson & Johnson Services, Inc. received FDA approval for Biosense Webster, Inc.'s Thermocool Smarttouch SF Ablation Catheter to cure persistent atrial fibrillation (persistent AF).
• In Aug 2020, The TactiFlex PAF IDE study, which Abbott is conducting to assess the effectiveness of the TactiFlex Ablation Catheter, Sensor-Enabled, has announced the enrollment of its first participants. The catheter is made to help people with paroxysmal atrial fibrillation (PAF), whose symptoms can't be controlled by medicine.

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Market Segments
Sensor-based Smart Catheters Market, by Product Type, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• Temperature Sensing Foley Catheter
• Pressure Catheter
• Mapping Catheter
• Others

Sensor-based Smart Catheters Market, by Catheter Type, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• Single Lumen
• Multi Lumen

Sensor-based Smart Catheters Market, by Material, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• Silicon
• Polytetrafluoroethylene
• Polyetheretherkeone
• Others

Sensor-based Smart Catheters Market, by Application, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• Cardiovascular
• Urology
• Gynecology
• Neurovascular
• Others

Sensor-based Smart Catheters Market, by Region, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• U.S.
• Canada
Europe Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn) and Volume (No. of Units)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.