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Increasing Prevalence Of Renal Disorders Driving Growth In The Hydrophilic Angiographic Catheters Market: Major Factor in the Transformation of the Hydrophilic Angiographic Catheters Market in 2025
How Will the Hydrophilic Angiographic Catheters Market Grow, and What Is the Projected Market Size?Recent years have seen significant growth in the market size of hydrophilic angiographic catheters. The value of this market is projected to increase from $12.6 billion in 2024 to $13.54 billion in 2025, a growth rate of 7.5% annually. This prosperity during the historical period is a direct result of an array of factors including increased occurrence of cardiovascular and peripheral vascular diseases, a surge in the number of diagnostic and interventional operations, growing inclination towards awareness and early diagnosis, and escalating healthcare spending.
In the forthcoming years, the hydrophilic angiographic catheters market is predicted to witness substantial expansion and is projected to reach $17.88 billion in 2029 with a compound annual growth rate (CAGR) of 7.2%. This transformation during the forecast era can be credited to several factors such as a rise in the elderly population, an escalating inclination towards minimally invasive procedures, an increasing occurrence of diabetes, and enhanced funding for cardiovascular studies. Notable trends that could be seen during this period would involve progress in technology, penetration into emerging markets, advancements in imaging technology, increasing relevance in oncology, and emphasis on minimally invasive procedures.
What Key Elements Are Boosting Growth in the Hydrophilic Angiographic Catheters Market?
The rise in renal disorders is anticipated to bolster the expansion of the hydrophilic angiographic catheters market. A wide range of conditions fall under renal disorders, which impact the kidney's ability to filter blood, eradicate waste, balance fluid and electrolytes and regulate blood pressure. Risk factors like diabetes, hypertension, and an aging population are the primary contributors to the surge in renal disorders. Hydrophilic angiographic catheters play a crucial role in renal disorders, serving as instruments for accurate and smooth navigation in diagnostic and interventional procedures like renal artery angiography and stenting. For example, a report by Kidney Research UK in June 2023 revealed that roughly 7.2 million people in the UK, which makes up over 10% of the population, are grappling with chronic kidney disease. Among these, 3.25 million people are in the advanced stages of the disease while an additional 3.9 million are in the early stages. The count of individuals suffering from chronic kidney disease is expected to surge to 7.61 million by 2033. Consequently, the escalating prevalence of renal disorders is fuelling the hydrophilic angiographic catheters market's growth.
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Who Are the Major Industry Players Fueling Hydrophilic Angiographic Catheters Market Expansion?
Major companies operating in the hydrophilic angiographic catheters market are Cardinal Health Inc., Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Becton Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Cook Medical Inc., Teleflex Incorporated, BIOTRONIK SE & Co. KG, Lepu Medical Technology (Beijing) Co Ltd., Merit Medical Systems Inc., Cordis Corporation, MicroPort Scientific Corporation, Asahi Intecc Co Ltd., AngioDynamics Inc., Biosensors International Group Ltd., Alvimedica Medical Technologies, BrosMed Medical Co Ltd., iVascular SLU, Reva Medical Inc., Hexacath, Translumina Therapeutics LLP, Eurocor Tech GmbH, Invamed Group
Which Key Developments Are Influencing the Hydrophilic Angiographic Catheters Market?
Big companies within the hydrophilic angiographic catheters market are concentrating their efforts on the creation of novelty products like catheters with differing curve configurations to maintain their market standings. These particular catheters, with their varied curves, are specialised medical devices created to manage complicated anatomical structures. For example, Cook Group Incorporated, an American medical appliance company, introduced its Slip-Cath Beacon Tip hydrophilic selective catheter in the USA and Canada in start of 2024. The catheter, designed to be used in both vascular and non-vascular angiographic procedures, is outfitted with over 30 distinct curve configurations and is packaged in protective foil for long-lasting durability and a three-year shelf life. Its sophisticated technology aids in usability during procedures and is designed to operate smoothly with vascular access sheaths, wire guides and various treatment devices.
How Is the Segmentation of the Hydrophilic Angiographic Catheters Market Defined?
The hydrophilic angiographic cathetersmarket covered in this report is segmented -
1) By Type: Selective Type Angiographic Catheters, Non-Selective Type Angiographic Catheters
2) By Application: Heart Disease Treatment, Kidney Disease Treatment, Other Applications
3) By End User: Hospitals, Diagnostic And Imaging Centers, Other End-Users
Subsegments:
1) By Selective Type Angiographic Catheters: Coronary Selective Catheters, Peripheral Selective Catheters, Neuro Selective Catheters
2) By Non-Selective Type Angiographic Catheters: Non-Selective Coronary Catheters, Non-Selective Peripheral Catheters, Non-Selective Neuro Catheters
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What Is the Leading Region in the Hydrophilic Angiographic Catheters Market?
Asia-Pacific was the largest region in the hydrophilic angiographic catheters market in 2024. The regions covered in the hydrophilic angiographic catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Hydrophilic Angiographic Catheters Global Market Report?
- Market Size Analysis: Analyze the Hydrophilic Angiographic Catheters Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hydrophilic Angiographic Catheters Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hydrophilic Angiographic Catheters Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hydrophilic Angiographic Catheters Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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