Cardiovascular devices industry is growing at a significant rate globally, due to increasing number of cases with heart diseases and other cardiovascular problems. In addition, technological advancement in this field and growing awareness has increased the growth of cardiovascular devices market. During the process of cardiac catheterization, guidewire is first inserted into the artery followed with catheter. Cardiac catheter refers to a thin tubular structure that is inserted into a chamber of the patient’s heart. Different types of cardiac catheters are used for treatment of different cardiac conditions. Various types of cardiac catheters are angiographic balloon catheters, bipolar pacing pins, hexapolar balloon pacing catheters, semi flotating electrodes, wedge pressure catheter, thermodilution infusion catheter and others. Guidewires refers to a thin flexible wire that is introduced in the body with the help of needle. They are named as guidewires as a result of their characteristics of guiding catheters. A guidewire is generally made of stainless steel.
Cardiac catheters and guidewires may be used for diagnostic or interventional purposes. Cardiac catheters and guidewires market is growing at a significant rate due to increase in the prevalence of cardiovascular diseases and growing awareness for different cardiology devices available. In addition, government initiatives in the field and improvement in the healthcare facilities are increasing the market for cardiac catheters and guidewires.
North America dominates the global cardiac catheters and guidewires market due to increasing prevalence of cardiac diseases and technological advancement in the region. Asia, followed by Europe, is expected to show high growth rate in the next few years in cardiac catheters and guidewires market. China and India are expected to be the fastest growing cardiac catheters and guidewires markets in Asian region. Some of the key driving forces for cardiac catheters and guidewires market in emerging countries are large pool of patients, rising government funding and improvement in the healthcare facilities.
Some of the major factors that have been driving the global cardiac catheters and guidewires market are aging population, increase in the prevalence of heart diseases and technological advancement. In addition, other factors such as government initiatives and improvement in reimbursement scenario are driving the global cardiac catheters and guidewires market. However, factors such as high cost involved and lack of experienced professionals are restraining the global cardiac catheters and guidewires market. In addition, poor reimbursement scenario is restraining the global cardiac catheters and guidewires market.
Growing demographics and economies in the developing countries such as India and China are expected to offer good opportunities for the global cardiac catheters and guidewires market. In addition, innovation of some new products with focus on patient’s comfort is expected to offer good opportunity for the global cardiac catheters and guidewires market. Some of the major companies dealing in global cardiac catheters and guidewires market are Abbott Laboratories, Boston Scientific Corporation, Maquet, Medtronic, Inc., St. Jude Medical Inc. and Sorin Group. Some other companies having significant presence in the global cardiac catheters and guidewires market are Terumo Medical Corporation, Biosense Webster, Biotronik and Cordis Corporation.
Key points covered in the report
The report covers geographic segmentation