Angiography Catheters Market
Number of pages: 100 | Report Format: PDF | Published date: April 12, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 1.81 billion |
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Revenue Forecast in 2031 |
US$ 3.19 billion |
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CAGR |
6.5% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Type, Product, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global angiography catheters market was valued at US$ 1.81 billion in 2022 and is expected to register a revenue CAGR of 6.5% to reach US$ 3.19 billion by 2031.
Angiography Catheters Market Fundamentals
The angiography catheter aids in the flow of fluids, pressure control, and contrast during cardiac catheterization of the left ventricle and coronary arteries. An angiography catheter is placed into a blood artery through the skin and directed to the heart. It assists in the diagnosis and treatment of heart problems. Angiography catheter remains the gold standard for diagnosing cerebrovascular disorders despite significant advancements in non-invasive imaging techniques like computed tomography or magnetic resonance angiography. The blood vessels can be directly seen with an angiography catheter, which also offers more precise information regarding the scope and severity of the illness.
Additionally, it permits therapeutic actions like applying thrombolytic drugs or mechanical thrombectomy in cases of acute ischemic stroke. Compared to conventional cardiac catheterization, an angiography catheter has a decreased risk of complications and a shorter hospital stay. In individuals with cerebrovascular disorders, the advantages of catheter angiography frequently outweigh the dangers.
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Angiography Catheters Market Dynamics
The increasing rates of cardiovascular disorders and cardiac operations are fueling the revenue growth of the global angiography catheter market. Due to the increasing technological breakthroughs in medical devices, the global angiography catheters market revenue is growing exponentially. The angiography catheters market is growing due to the rising demand for minimally invasive procedures and the rising elderly population. To launch cutting-edge products on the market, many major businesses in the medical device industry are making significant investments in research and development. The angiography catheters market revenue is also growing significantly due to the increased government investment in the construction of healthcare facilities.
The significant increase in diagnostic laboratories and growing preference for less invasive procedures are the main drivers of the angiographic catheter market. Cardiovascular disorders are frequently diagnosed and treated with angiographic catheters. The demand for angiographic catheters is growing due to the rising need for early detection. The market for angiographic catheters is also influenced by factors such as an aging population, sedentary lifestyles, rising levels of hypertension, and obesity. The development of the angiographic catheter market is also being impacted by operations for heart conditions, advancements in medical device technology, and government involvement in funding healthcare infrastructure development.
However, traditional angiography catheters have drawbacks. These negative consequences include bleeding, infection, and blood vessel damage. However, the demand for traditional angiography catheters has decreased due to the development of more modern imaging methods like magnetic resonance angiography and computed tomography angiography.
Angiography Catheters Market Ecosystem
The global angiography catheters market is analyzed from four perspectives: type, product, end user, and region.
Angiography Catheters Market by Type
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Based on the type, the global angiography catheters market is segmented into selective angiographic catheters and non-selective angiographic catheters.
The selective angiographic catheter segment accounted for the largest global angiography catheter market revenue share in 2022. Compared to non-selective ones, selective angiography catheters have greater advantages. Patients with coronary artery disease must be properly diagnosed and treated, which is where selective coronary angiography comes in. Selective angiography catheters are preferred over non-selective ones because they improve the visibility of the targeted vessel while using less radiation and contrast medium. Furthermore, accurate interpretation of coronary angiograms, which can aid in making the right treatment decisions, requires high-quality pictures. The technique is secure and efficient regarding high-resolution imaging.
Angiography Catheters Market by Product
Based on the product, the global angiography catheters market is segmented into scoring balloon catheters, conventional catheters, and DBE catheters.
The conventional catheters segment accounts for the highest revenue share in the angiography catheters market and is expected to grow at a revenue CAGR during the forecast period. When doing standard intra-arterial catheter angiography, local anesthetic is frequently used. Conventional angiography with the intravascular injection of radiocontrast dye is the most popular technique for detecting stenosis and aneurysms in medium and large arteries and diagnosing patients with vasculitis, particularly complex cardiovascular disease. Another advantage of traditional angiography is that intraarterial blood pressure can be directly observed throughout the procedure. When caring for patients who have subclavian or proximal aortic stenosis, when peripheral pressure assessments may be unreliable, such pressure are especially important.
The scoring balloon catheters segment is expected to grow at a high revenue CAGR. This is due to it offering affordable remedies for many medical issues without requiring surgery or other intrusive procedures.
Angiography Catheters Market by End User
Based on the end user, the global angiography catheters market is segmented into hospitals, ambulatory surgical centers, diagnostic imaging centers, and others.
The hospital’s segment accounted for the largest global angiography catheters market revenue share in 2022. The market has taken the lead as hospitals obtain more funding to invest in state-of-the-art, cutting-edge care. As a result of this change, healthcare providers are more frequently and competitively offering the newest procedures and technologies, which eventually benefit patients by improving outcomes. However, it also benefits the accessibility and affordability of these cutting-edge services for everyone. Hospitals are the best location to receive treatment at a reasonable rate because they have the necessary diagnostics to offer patients comprehensive care. Hospitals with sufficient funding also have access to modern, recently developed therapy options and reasonably priced diagnostics. As a result, patients can rely on hospitals for care regardless of their financial situation. The expanding accessibility of healthcare reimbursements in many developed countries and ongoing industrial advancements in advanced diagnostics are the main driving factors behind the segment’s revenue growth. The growing demand for individualized and preventive healthcare services is also fueling the expansion of the healthcare sector, driving the hospital segment’s revenue share. Healthcare providers spend much money on research and development to bring leading-edge solutions. Over time, this is expected to improve patient outcomes and lower healthcare expenses. A group of doctors, surgeons, and other specialists on staff makes the therapy process easier.
Angiography Catheters Market by Region
Based on the region, the global angiography catheters market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest revenue share of the global Angiography Catheters market in 2022. Due to the existence of significant competitors, North America is currently shaping the angiography catheters market. Additionally, the growth of the angiography catheters market revenue in North America is expected to be supported by North America’s simplified repayment regulations and the rising incidence of cardiovascular diseases. A well-developed healthcare infrastructure, industry titans, recently released cutting-edge instruments, payment coverage, and other factors support the angiography catheters industry trends for sophisticated healthcare services. The market is also growing rapidly due to greater public knowledge of advanced diagnostics, including angiography catheters, their benefits, and the motivations behind early disease prevention. Additionally, the aging population and unhealthful living choices have fueled the spread of cardiovascular diseases, increasing the need for angiography catheters.
Due to rising healthcare costs and increased knowledge of minimally invasive procedures, Asia Pacific is also expected to experience significant angiography catheters market revenue growth. Additionally, it is expected that the expanding practice of medical tourism in developing nations like China and India will increase demand for angiography catheters as they can provide patients with high-tech medical facilities, skilled medical personnel, and affordable treatment choices. Additionally, the market is expected to experience substantial development during the forecast period due to technological advancements in the region’s emerging economies.
Competitive Landscape of the Global Angiography Catheters Market
The introduction of novel diagnostics, obtaining approval for those products, and participating in other activities like awareness programs are some key development strategies that many organizations emphasize. Additionally, the market classified partnerships, acquisitions, and other collaborations as improved growth strategies. These steps have increased the likelihood of having profitable growth prospects in the future, given the rising global market demand for Angiography Catheters. For instance, In June 2020, Boston Scientific officially launched The DIRECTSENSETM Technology, a device for observing the impact of radiofrequency (RF) energy flow during cardiac ablation operations in the United States. The only tool to track changes in local impedance, or electrical resistance, around the tip of the INTELLANAVTM MiFi, open-irrigated (OI) ablation catheter was approved by the U.S. Food and Drug Administration in April 2020, providing doctors an additional way to gauge the effectiveness of therapy during an ablation.
Notable market participants contributing a large revenue share of the global angiography catheter market include,
Angiography Catheters Market Strategic Development
Angiography catheters provide x-ray imaging assistance and an insertion of contrast material to examine blood vessels in target areas of the body for abnormalities such as aneurysms and diseases such as atherosclerosis.
Selective angiography catheters accounted for the largest revenue share of the global angiography catheters market.
High costs and a lack of trained professionals are potentially restricting the revenue growth of the global angiography catheter market.
Key companies operating the global angiography catheters market are Boston Scientific, C. R. Bard, Medtronic Plc, Asahi Intecc, and Atrium Medical.
The global angiography catheters market is expected to grow at a revenue CAGR of 6.5% during the forecast period from 2023 to 2031.
*Insights on financial performance are subject to the availability of information in the public domain