Angiography Catheters Market to Expand Twofold by 2030; Manufacturing Challenges amidst COVID-19 Pandemic Hurting Market Growth
Published On : Jun 24, 2020
A catheter used in angiography with the help of X-ray imaging guidance. The use of a catheter makes it possible to combine treatment and diagnosis in a single procedure. Various catheters available for angiography include coronary catheters, renal catheters, and microcatheters. However, coronary catheters are the most-used product due to increasing incidence of cardiovascular disease. Since the past few years, cardiovascular diseases (CVDs) are the leading cause of death, worldwide, taking approximately 18 million lives each year. This factor will propel the growth of the angiography catheters market during the forecast period. Furthermore, technological advancements in cardiovascular procedures and development in healthcare infrastructure are some other factors that will boost the angiography catheters market in the future.
According to a latest report published by PMR, the global angiography catheters market is expected to witness a CAGR of nearly 7% during the forecast period (2020–2030).
Key Takeaways from Angiography Catheters Market Study
- The coronary catheters segment, under product, is expected to contribute more than 53% revenue share in the angiography catheters market.
- Various product launches by key players along with advanced technology are expected to dominate the demand for angiography catheters.
- Increasing heart healthcare programs are spreading awareness, which is creating significant demand for angiography catheters.
- Leading players in the angiography catheters market are collaborating with various other players to strengthen their market position.
- North America is dominating the global angiography catheters market, while East Asia is expected to offer lucrative opportunities, owing to increasing healthcare programs and industrialization.
- Manufacturing challenges as a result of various COVID-19-pandemic-related restrictions will stunt the growth of the angiography catheters market in the near-term.
“Rise in the prevalence of vascular disorders, owing to sedentary lifestyle, and increase in obesity and hypertension across the world, will boost the growth of the global angiographic catheter market over the next decade,” says a PMR analyst.
Acquisitions and Partnerships - Key Strategy amongst Market Players
Key players in the angiography catheters market are looking forward to strengthening their product portfolios through the launch of new products. For instance, in 2019, Medtronic launched a telescope-guided extension catheter to support complex coronary cases. In 2018, Cook announced the re-launch of the Beacon® Tip Torcon NB Advantage 5 Fr Catheter in the United States. Various players in the angiography catheters market are focusing on growth strategies such as acquisitions and partnerships. For example, in 2019, Boston Scientific Corporation announced the acquisition of BTG plc.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the angiography catheters market in its latest study, presenting historical demand assessment of 2015–2019 and projections for 2020– 2030, on the basis of product (cerebral catheters, visceral catheters, coronary catheters, renal catheters, microcatheter, and pigtail catheters), application (coronary, endovascular, neurology, and oncology), and end user (hospitals, ambulatory surgical centers, and cardiac catheterization laboratories), across seven key regions.
For additional insights on how the growth of the angiography catheters market will unfold over the next decade (2020 to 2030), write to the analyst at firstname.lastname@example.org
PMR’s Expertise in Life Sciences and Transformational Health
Our expert team of industry analysts comprising management graduates, medical professionals, engineers, and project managers provides insights on emerging therapy areas, diagnostic tools, medical devices and components, reimbursement and market access, biotechnology, and life science research products and services to equip decision makers with sound inputs and strategic recommendations. Click here to learn more about how we zero in on the critical aspects of this industry.
Angiography Catheters Market
Global Market Study on Angiography Catheters: Upsurge in Cardiovascular Diseases to Surge Demand for Angiographic Catheters to Diagnose Arterial Blockages
Global Market Study on Angiography Catheters: Upsurge in Cardiovascular Diseases to Surge Demand for Angiographic Catheters to Diagnose Arterial BlockagesRequest TOC