USD 1.27 Billion
Angiographic Catheters Market Size, Share, Growth Analysis, By Product Type(conventional catheters, drug-eluting balloons, cutting balloons, scoring balloons), By Application(coronary, endovascular, neurology, and oncology), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35J2090 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
66
|Figures:
75
Angiographic Catheters Market Insights
Angiographic Catheters Market size was valued at USD 1.27 Billion in 2021 and is poised to grow from USD 1.41 Billion in 2022 to USD 3.18 Billion by 2030, at a CAGR of 10.74 % during the forecast period (2023-2030).
The Global Angiographic Catheters Market presents a compelling landscape driven by the intricate interplay of medical innovation, diagnostic precision, and patient care. As a critical component of modern cardiovascular interventions, angiographic catheters are pivotal in delivering real-time imaging and therapeutic solutions to intricate vascular conditions. The market's growth is propelled by an aging population susceptible to cardiovascular ailments and a continuous stream of technological advancements enhancing catheter design and functionality. The integration of advanced materials and improved navigation capabilities has resulted in enhanced safety, accuracy, and minimally invasive procedures. Furthermore, rising awareness about early diagnosis and minimally invasive treatments fuels the demand for angiographic catheters, as they enable swift and precise interventions with reduced risks. However, challenges such as regulatory compliance and the cost associated with these specialized devices can restrain the market's full potential. With an ever-evolving landscape driven by patient needs and medical progress, the Global Angiographic Catheters Market continues to redefine the boundaries of cardiovascular care through innovation and improved patient outcomes.
US Angiographic Catheters Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
coronary
Fastest Growth
coronary
Growth Rate
10.74% CAGR
Global Angiographic Catheters Market ($ Bn)
Country Share for North America Region (%)
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Angiographic Catheters Market Segmental Analysis
The global angiographic catheters market is segmented by product type, application, technology, end user, and geography. By product type, the market is segmented into conventional catheters, drug-eluting balloons, cutting balloons, scoring balloons, and others. By application, the market is segmented into coronary, endovascular, neurology, and oncology. By technology, the market is segmented into X-ray, MRA, and CT. By end user, the market is segmented into hospitals, ambulatory surgical centers, cardiac centers, brain centers, specialty clinics, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Angiographic Catheters Market Analysis By Product type
Within the captivating expanse of the global angiographic catheters market, the segmentation by product type unfurls a tapestry of innovation and precision. Among these diverse offerings, the conventional catheters segment emerges as the largest, asserting its dominance with a considerable market share of over 50%. These tried-and-true devices serve as the cornerstone of cardiovascular interventions, providing an essential foundation for diagnostic imaging and therapeutic maneuvers. The wide adoption of conventional catheters is attributed to their versatility, catering to a range of procedures and patient profiles, thus solidifying their remarkable market presence.
Concurrently, the drug-eluting balloons segment emerges as the fastest-growing contender, painting a vivid picture of advancement and potential. With an impressive compound annual growth rate exceeding 8%, this segment's surge is grounded in its revolutionary approach to addressing vascular conditions. Drug-eluting balloons combine angioplasty with localized drug delivery, offering a dual-action solution that prevents re-narrowing of arteries while minimizing the risk of systemic drug exposure. This ingenious approach resonates with the medical community's quest for safer and more efficacious interventions, driving the substantial adoption of drug-eluting balloons as a breakthrough choice in modern cardiovascular care. As the synergy of innovation and medical need propels this segment forward, its trajectory underscores the transformative impact it is set to wield within the global angiographic catheters market.
Angiographic Catheters Market Analysis By Application
Within the captivating realm of the Angiographic Catheters Market, the segmentation by application unveils a tapestry of medical precision and transformative care. Among these distinctive applications, the coronary segment emerges as the largest luminary, casting a radiance rooted in cardiovascular health. Commanding a significant share, this segment's prominence stems from its pivotal role in diagnosing and treating coronary artery diseases. With heart health at the forefront of medical concerns, angiographic catheters tailored for coronary applications illuminate a path toward enhanced patient care, propelling their commanding presence.
Simultaneously, the fastest-growing star ascends within the neurology segment, etching a trajectory illuminated by innovation and the pursuit of neurological wellness. With a remarkable compound annual growth rate surpassing 8%, this segment's ascendancy resonates with the rising awareness of neurological conditions and the need for precise diagnostics. As medical practitioners and researchers delve into the complexities of neurology, angiographic catheters offer a beacon of hope, enabling refined interventions for brain-related conditions. The confluence of technological advancements and medical necessity positions the neurology segment at the forefront of growth, a testament to the transformative potential these catheters hold in addressing the intricate landscape of neurological well-being.
Global Angiographic Catheters Market By Application
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Angiographic Catheters Market Regional Insights
Within the dynamic landscape of the global angiographic catheters market, two distinct regional narratives emerge, each contributing its unique vibrancy. The dominating force takes root in North America, where the market's heartbeat resonates with resounding vigor. With a commanding presence, North America asserts its prominence, driven by a robust healthcare infrastructure, technological prowess, and a proactive approach to cardiovascular health. The region's advanced medical facilities and commitment to cutting-edge interventions position it as a powerhouse within the market, capturing a significant share.
Simultaneously, the fastest-growing realm unfurls in the Asia-Pacific, a beacon of burgeoning potential and rapid advancement. With an impressive compound annual growth rate exceeding 9%, this region's ascendancy is ignited by a confluence of factors—rising healthcare awareness, economic development, and an evolving medical landscape. As nations within Asia-Pacific prioritize accessible and advanced healthcare solutions, the adoption of angiographic catheters escalates. The region's trajectory showcases a compelling narrative of innovation meeting demand, transforming Asia-Pacific into a captivating epicenter of growth and opportunity within the global angiographic catheters market.
Global Angiographic Catheters Market By Geography
- Largest
- Fastest
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Angiographic Catheters Market Dynamics
Angiographic Catheters Market Drivers
Growing Cardiovascular Disease Prevalence
- The increasing incidence of cardiovascular diseases, including coronary artery diseases and vascular disorders, acts as a significant driver for the angiographic catheters market. As the global population ages and lifestyle factors contribute to cardiovascular health issues, the demand for accurate diagnostic tools and minimally invasive treatment options like angiographic catheters rises. These devices play a pivotal role in both diagnosis and intervention, driving market growth.
Advancements in Imaging Technologies
- Technological innovations in imaging modalities such as X-ray, magnetic resonance angiography (MRA), and computed tomography (CT) scan are propelling the market forward. The integration of these advanced imaging technologies enhances the precision and real-time visualization capabilities of angiographic catheters. These innovations improve the accuracy of procedures, reducing patient discomfort and contributing to quicker recovery times, thereby boosting their adoption.
Angiographic Catheters Market Restraints
High Equipment and Procedural Costs
- The adoption of angiographic catheters can be hindered by the significant costs associated with both the equipment and the procedural aspects. This includes the expense of purchasing and maintaining the catheter systems and the costs associated with training healthcare professionals to use these devices effectively. The high upfront and ongoing costs can limit access to these technologies, particularly in regions with budget constraints.
Regulatory Challenges and Safety Concerns
- The medical devices industry is subject to stringent regulatory frameworks and safety standards. Obtaining regulatory approvals for new angiographic catheter technologies can be a time-consuming and complex process, delaying market entry. Additionally, concerns related to radiation exposure, contrast agent use, and patient safety during procedures can impact the adoption of angiographic catheters, especially when addressing vulnerable patient populations.
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Angiographic Catheters Market Competitive Landscape
The competitive landscape of the Global Angiographic Catheters Market is a dynamic arena characterized by a blend of innovation, technological prowess, and a commitment to advancing patient care. Established industry leaders and emerging players engage in a relentless quest to carve their distinct niches within this evolving landscape. With a focus on research and development, these competitors vie to introduce novel catheter designs, cutting-edge imaging technologies, and enhanced functionalities that cater to the evolving needs of medical practitioners and patients. Collaborations, partnerships, and strategic acquisitions also characterize this landscape as companies seek to consolidate expertise and broaden their product portfolios. As the demand for minimally invasive procedures and accurate diagnostics escalates, this market's landscape is an embodiment of responsiveness to medical advancement, a testament to its capacity to redefine the boundaries of cardiovascular care and innovation.
Angiographic Catheters Market Top Player’s Company Profile
- Boston Scientific Corporation (USA)
- Medtronic plc (Ireland)
- Abbott Laboratories (USA)
- C. R. Bard, Inc. (BD) (USA)
- Terumo Corporation (Japan)
- Cook Medical (USA)
- Cardinal Health, Inc. (USA)
- B. Braun Melsungen AG (Germany)
- Biotronik SE & Co. KG (Germany)
- AngioDynamics, Inc. (USA)
- Merit Medical Systems, Inc. (USA)
- Stryker Corporation (USA)
- Teleflex Incorporated (USA)
- Johnson & Johnson (Cordis Corporation) (USA)
- Asahi Intecc Co., Ltd. (Japan)
- Penumbra, Inc. (USA)
- Cardiovascular Systems, Inc. (USA)
- Vascular Solutions, Inc. (USA)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- MicroPort Scientific Corporation (China)
Angiographic Catheters Market Recent Developments
- In April 2023, Terumo Corporation announced the launch of its new SafeSlip hydrophilic angiographic catheter. The SafeSlip catheter is designed to be less likely to cause vascular spasms than traditional angiographic catheters.
- In May 2023, Cardinal Health announced the acquisition of Merit Medical Systems, Inc., a leading provider of angiographic catheters and other interventional medical devices. The acquisition is expected to expand Cardinal Health's portfolio of angiographic catheters and give it a stronger foothold in the global market.
Angiographic Catheters Key Market Trends
- Shift towards Minimally Invasive Procedures: One significant trend shaping the Angiographic Catheters Market is the increasing adoption of minimally invasive procedures. Patients and healthcare providers alike are embracing these procedures due to their benefits, including shorter recovery times, reduced hospital stays, and decreased risks of complications. Angiographic catheters play a pivotal role in enabling these minimally invasive interventions by providing precise navigation within intricate vascular networks. This trend is driven by patient preference for less invasive treatments, advancements in catheter technology that allow for greater precision, and the growing experience and skill of medical practitioners in performing such procedures.
- Integration of Artificial Intelligence (AI) and Robotics: Another key trend is the incorporation of artificial intelligence (AI) and robotics in angiographic catheter procedures. AI algorithms are being used to analyze medical images in real-time, providing valuable insights to healthcare professionals during procedures. Robotics are enhancing the precision and dexterity of catheter manipulation, particularly in complex cases. These technological advancements are revolutionizing the field by improving procedural accuracy, reducing human error, and expanding the capabilities of angiographic catheters. As AI and robotics continue to evolve, their integration into catheter-based interventions is expected to increase, reshaping the way procedures are performed and contributing to better patient outcomes.
Angiographic Catheters Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, The Global Angiographic Catheters Market is a dynamic realm defined by the fusion of cutting-edge medical technology and the imperative to enhance patient care. These catheters play an integral role in diagnosing and treating cardiovascular conditions, providing a window into the intricate vascular landscape. The market's growth is spurred by a rising incidence of cardiovascular diseases, coupled with the continuous evolution of catheter designs that enable precise navigation within complex vasculature. As medical practitioners and patients alike seek minimally invasive alternatives, angiographic catheters offer a solution, enabling intricate procedures with reduced risks and shorter recovery times. The market's expansion is further propelled by advancements in imaging modalities and materials, which enhance catheter maneuverability and visibility. However, the market is not devoid of challenges, including stringent regulatory approvals and the cost associated with these advanced medical devices. Despite these hurdles, the Global Angiographic Catheters Market remains an arena of relentless innovation, driven by the pursuit of refined diagnostics, improved treatment outcomes, and ultimately, a healthier global population.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 1.27 Billion |
| Market size value in 2030 | USD 3.18 Billion |
| Growth Rate | 10.74% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Angiographic Catheters Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Angiographic Catheters Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Angiographic Catheters Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Angiographic Catheters Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Angiographic Catheters Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Angiographic Catheters Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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