Press release
Angiographic Catheters Market Growth | Trends, Demand & Forecast 2024-2031 | Medtronic, Cardinal Health, Abbott.
The Global Angiographic Catheters Market reached USD 1,257.3 million in 2022 and is projected to witness lucrative growth by reaching up to USD 2,229.8 million by 2031. The global angiographic catheters market is expected to exhibit a CAGR of 7.6% during the forecast period (2024-2031).Angiographic Catheters Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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The Angiographic Catheters Market focuses on specialized catheters used in imaging procedures to diagnose and treat cardiovascular diseases. Growth is driven by the rising prevalence of heart disorders, increasing demand for minimally invasive procedures, and advancements in catheter technology. Expanding healthcare infrastructure, improved imaging techniques, and an aging population further propel market expansion.
List of the Key Players in the Angiographic Catheters Market:
Medtronic, Boston Scientific Corporation, Terumo Medical Corporation, Cardinal Health, Merit Medical Systems, Inc, Abbott, Aachen Resonance Entwicklungsgesellschaft Mbh, Zoll Medical Corporation, Contego Medical, Inc, Asahi Intec Co. Ltd, and Cardio novum Gmbh.
Industry Development:
In February 2023, Abbott secured two major regulatory approvals-one in the United States and another in Europe-for its catheter technologies. The U.S. Food and Drug Administration (FDA) granted a new indication for Abbott's FlexAbility Sensor Enabled Ablation Catheter, now approved as a treatment option for non-ischemic cardiomyopathy patients with ventricular tachycardia (VT). Meanwhile, in Europe, another Abbott catheter received CE mark approval, further strengthening the company's cardiovascular portfolio.
In May 2023, Shockwave Medical (SWAV) officially launched its latest intravascular lithotripsy (IVL) catheter in the United States. Following FDA approval, the Shockwave L6 Peripheral IVL Catheter is now fully available for commercial use, expanding the company's peripheral IVL portfolio. The Shockwave L6 catheter complements existing models, such as the Shockwave M5+ and Shockwave S4, by offering additional size options for treating calcified peripheral arteries.
Growth Forecast Projected:
The Global Angiographic Catheters Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Angiographic Catheters Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Angiographic Catheters Market:
By Product Type: Scoring balloon catheters, Conventional Catheters, Cutting balloon catheters, Drug-Eluting Balloon Catheters.
By Application: Endovascular, Coronary (Neurology, Oncology), Others.
By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others.
Regional Analysis for Angiographic Catheters Market:
The regional analysis of the Angiographic Catheters Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Angiographic Catheters market?
➠ Who are the leading manufacturers in the global Angiographic Catheters industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Angiographic Catheters industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Angiographic Catheters market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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