Global Angiographic Catheter Market Segmentation, By Product (Conventional Catheters, Drug Eluting Balloon Catheters, Cutting Balloon Catheters, Scoring Balloon Catheters), Application (Coronary, Endovascular, Neurology, Oncology), Technology (X-Ray, MRA, CT), End User (Hospital, Ambulatory Surgical Centers, Cardiac Centers, Brain Centers, Specialty Clinics, Others) – Industry Trends and Forecast to 2031
Angiographic Catheter Market Analysis
The market for global angiographic catheter is estimated to increase rapidly over the forecast period of 2024-2031. Due to a growth in the number of people suffering from diabetes and the adoption of unhealthy lifestyles, the prevalence of cardiovascular illnesses is expanding at a rapid rate. This will also result in rising number of heart surgeries. All these factors led to the introduction of angiographic catheter in the market.
Angiographic Catheter Market Size
Global angiographic catheter market size was valued at USD 1.56 billion in 2023 and is projected to reach USD 3.52 billion by 2031, with a CAGR of 10.74% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Angiographic Catheter Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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Medtronic (Ireland), Boston Scientific Corporation (US), Terumo Medical Corporation (Japan), Cardinal Health (US), Merit Medical Systems, Inc. (US), BD (US), Abbott (US), Aachen Resonance Entwicklungsgesellschaft mbH (Germany), AdvanSource Biomaterials (US), ABIOMED (US), Acrostak Int. Distr. Sàrl (Switzerland), B. Braun Melsungen AG (Germany), AngioDynamics (US), BIOTRONIK SE & Co KG (Germany), BrosMed (China), ZOLL Medical Corporation (US), Contego Medical, Inc.(US), ASAHI INTECC CO., LTD. (Japan), Cardionovum GmbH (Germany), Cook (US)
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Angiographic Catheter Market Definition
A catheter is a tubular device that allows fluid to pass from or into an anatomical cavity or a blood artery. An angiographic catheter is used to inject a contrast medium into the body in order to observe circulatory system organs. These catheters could have performed ends that allowed for selective location from a remote entry point. An angiographic catheter, often called a diagnostic catheter, is designed to be used in angiographic procedures. It delivers radiopaque substances and therapeutic compounds to specific locations throughout the circulatory system.
Angiographic Catheter Market Dynamics
Drivers
- Increasing incidences of cardiovascular diseases
The rising incidences of cardiovascular diseases will propel the growth rate of angiographic catheter market. Likewise, sedentary lifestyles, hypertension, and obesity levels are all contributing to the growth of the angiographic catheters market.
- Rise in the level of domestic income
The increasing level of domestic income will further accelerate the demand for angiographic catheter market. Increased domestic income allows people to spend more on healthcare, and reimbursement policies make it easier for customers to accept treatments.
Additionally, the rising number of government initiatives to spread awareness among people will majorly influence the angiographic catheter market's growth rate. Another significant factor resulting in the expansion of market is the advancement of technology. Furthermore, rising geriatric population and increasing preferences of minimally invasive surgeries are the major drivers that will enhance the growth of market. Increasing consumption of tobacco, alcohol and substance abuse will further influence the growth rate of the angiographic catheter market.
Opportunities
- Growth in R&D activities
The rise in the number of research and development activities will provide beneficial opportunities for the angiographic catheter market growth. The majority of research and development activities are linked to a technique that identifies the exact spot of bleeding and can be utilized for medical purposes including vasopressin potion or embolization.
- Technological advancement
Moreover, the increase in technological development in medical devices will further expand the angiographic catheter market's growth rate in the future. Angiography provides an exact picture of the blood vessels with the use of improved technologies and hence it is proved to be beneficial for market growth.
Restraints/Challenges
- High risk associated with procedure of angiographic surgeries
One of the risks linked with catheterization is an allergic reaction to the dissimilar material or drugs used during the procedure. There may be bleeding, infection, bruising, and clots in the capillaries at the catheter attachment site, which can lead to a heart attack, stroke, or other serious ailments, posing a huge challenge to the angiographic catheter market.
On the other hand, high cost associated with angiographic procedures will obstruct the market growth. Also, strict government policies linked with the approval of products will pose a major challenge for angiographic catheter market. However, the unconventional nature of therapies and their low availability will act as restrain and further impede the growth rate of market during the forecast period of 2024-2031.
This angiographic catheter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the angiographic catheter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Angiographic Catheter Market
The need for medical supplies is rising to meet the needs of the affected population. In primary clinical treatment, respiratory support equipment such as an oxygen generator, a life-support machine, a monitor and an atomizer is among the most commonly used medical equipment. Furthermore, COVID-19 has resulted in a significant increase in demand for medical goods such as masks, gloves, and protective spectacles. With an increase in the number of COVID-19 cases around the world, the need for medical supplies continues to climb among healthcare professionals and the general public for preventative measures. Manufacturers of these items have an opportunity to take advantage of the rising demand for medical supplies in order to assure a steady supply of personal protective equipment on the market. COVID 19 is likely to have a substantial impact on the Angiographic Catheters market as a result of these factors.
Angiographic Catheter Market Scope
The angiographic catheter market is segmented on the basis of product, application, technology and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Conventional Catheters
- Drug Eluting Balloon Catheters
- Cutting Balloon Catheters
- Scoring Balloon Catheters
Application
- Coronary
- Endovascular
- Neurology
- Oncology
Technology
- X-Ray
- MRA
- CT
End User
- Hospital
- Ambulatory Surgical Centers
- Cardiac Centers
- Brain Centers
- Specialty Clinics
- Others
Angiographic Catheter Market Regional Analysis
The Angiographic catheter market is analysed and market size insights and trends are provided by country, product, application, technology and end user as referenced above.
The countries covered in the Angiographic catheter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the angiographic catheter market because of the growing adoption of advanced technology and presence of major market players in this region. Additionally, increasing incidences of cardiovascular diseases and the rising geriatric population will further enhance the market's growth rate.
Asia-Pacific is expected to grow during the forecast period due to favorable reimbursement guidelines in this region. Also, the lenient regulatory scenario in countries and rising import from the largest market players will propel the market's growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Angiographic Catheter Market Share
The Angiographic catheter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to angiographic catheter market.
Angiographic Catheter Market Leaders Operating in the Market Are:
- Medtronic (Ireland)
- Boston Scientific Corporation (US)
- Terumo Medical Corporation (Japan)
- Cardinal Health (US)
- Merit Medical Systems, Inc. (US)
- BD (US)
- Abbott (US)
- Aachen Resonance Entwicklungsgesellschaft mbH (Germany)
- AdvanSource Biomaterials (US)
- ABIOMED (US)
- Acrostak Int. Distr. Sàrl (Switzerland)
- B. Braun Melsungen AG (Germany)
- AngioDynamics (US)
- BIOTRONIK SE & Co KG (Germany)
- BrosMed (China)
- ZOLL Medical Corporation (US)
- Contego Medical, Inc.(US)
- ASAHI INTECC CO., LTD. (Japan)
- Cardionovum GmbH (Germany)
- Cook (US)
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