Global Cardiac Catheters Market – Industry Trends and Forecast to 2029

Cardiac Catheters Market Analysis and Size

The cardiac catheters market growth is mainly driven by the increasing prevalence of coronary disorders such as angina pectoris and myocardial infarction, across the globe. According to the World Health Organization (WHO), more than 17.9 million people die because of the cardiovascular diseases (CVD) every year, and around half of all deaths from CVD are owing to Coronary Heart Disease, and nearly a quarter is attributable to stroke.

Data Bridge Market Research analyses that the cardiac catheters market which was USD 22.7 billion in 2021, would rocket up to USD 41.71 billion by 2029, and is expected to undergo a CAGR of 7.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Cardiac Catheters Market Scope and Segmentation      

Market Definition

A catheter is a small, flexible tube used to treat many medical diseases, including those related to the heart, urology, gastrointestinal tract, and nervous system, among others. Hollow, pliable tubes called urinary catheters are placed into the bladder to drain urine. People who are unable to empty their bladders owing to medical issues spontaneously use catheters. Catheters can remain in place for weeks and come in a variety of materials. Additionally, catheters may be implanted temporarily or permanently into the brain, skin, and ducts.

Cardiac Catheters Market Dynamics

Drivers

• Increasing prevalence of chronic illnesses

Chronic illnesses include cardiovascular, gastrointestinal, urological, and ophthalmic ailments and are on the rise as a result of an ageing population and other environmental variables. The demand for catheters is anticipated to rise during the forecast period due to its use in treating chronic diseases. For instance, cardiac catheterization is carried out to diagnose or treat diseases such as blocked arteries or arrhythmia.

• Rise in cardiac disorders

There are various types of cardiac catheters according to the complexity of cardiac problems which increase the efficiency of physicians while performing surgery. The cardiovascular devices industry is growing at a significant rate due to an increase in patients with cardiac disorders and an increase in unhealthy lifestyle. Additionally, during the forecast period, the cardiac catheter market will expand more due to technological advancements.

• Rising healthcare infrastructure

The main factors driving market growth are an ageing population and an increase in patients with cardiac disorders, while technological advancements for better treatment and minimally invasive equipment will also spur market growth. Governments are also taking steps to improve the healthcare infrastructure and raise awareness about treatments.

Opportunities

• Rise in cardiac catheters

Globally rising cardiovascular disease cases are fuelling the growth of the cardiac catheters market throughout the forecast period. For instance, according to a research released by the World Heart Federation, 80.0% of deaths in low- to middle-income nations occurred in 2018 as a result of cardiovascular disorders. Similar to this, the World Health Organization (WHO) reports that around 17.9 million deaths worldwide in 2018 will be attributable to CVDs. As a result, it is projected that these variables will increase demand for cardiac catheterization, angioplasty, and other interventional treatments, which will therefore increase demand for cardiac catheters.

Restraints/Challenges

• High cost

On the other hand, the unfavorable reimbursement policies and high cost of surgeries will obstruct the market's growth rate.

• High risk of infections through catheters

The catheters are implanted either transiently or permanently into various body regions. Any foreign substance put into the body entails the danger of infection. Urinary catheters provide a route for pathogens to enter the body, claims the United Kingdom Health Service. Infection in the urethra, bladder, or kidneys may result from this. Urinary tract infections(UTIs) are the term used to describe these infections. Thus, the danger of infections may make patients less likely to use catheters, which would have an impact on market growth.

This cardiac catheters 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 cardiac catheters 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 Cardiac Catheters Market

The COVID-19 pandemic negatively impacted the global cardiac catheters market initially in 2020 due to global economic recession led by COVID-19. However, the market is anticipated to witness recovery in 2021, and show stable growth for catheter in the coming future. The unusual COVID-19 epidemic had a detrimental effect on the expansion of the catheters business worldwide. Due to the restrictions on hospital visits during the pandemic, which decreased diagnosis and treatment during the outbreak, catheter demand fell substantially. All elective surgeries requiring catheterization were also immediately postponed to safeguard the safety of the medical staff and the patients. In addition, the restrictions on movement and distribution channels had a severe impact on catheter accessibility. As a result, producers turned to online sales channels, which are anticipated to revive the market in the years following COVID-19.

Recent Development

• In November 2021, Aytu BioPharma, a US-based pharmaceutical business, reported that the U.S. Patent and Trademark Office had granted it a U.S. patent for the Healight ultraviolet-A light-based pulmonary catheter.
• In November 2021, The UK-based The Flume Catheter Company Ltd. announced that the U.S. Food and Drug Administration (FDA) has granted it permission to market the FLUME catheter in the U.S.

Global Cardiac Catheters Market Scope

The cardiac catheters market is segmented on the basis of type and end use. 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.

Type

• Electrophysiology Catheters
• PTCA Balloons Catheters
• IVUS Catheters
• PTA Balloons Catheters
• Others

End Use

• Hospitals
• Clinics
• Public Ambulatory Surgical Centers
• Others

Cardiac Catheters Market Regional Analysis/Insights

The cardiac catheters market is analysed and market size insights and trends are provided by country, type and end use as referenced above.

The countries covered in the cardiac catheters 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 cardiac catheters market due to increasing prevalence of cardiac diseases due to changing lifestyle and technology advancement in region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising economies and increasing pool of cardiac disorders patients. Moreover government’s initiative towards improving healthcare infrastructure will also boost market.

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.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The cardiac catheters market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cardiac catheters market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cardiac catheters market. The data is available for historic period 2010-2020.

Competitive Landscape and Cardiac Catheters Market Share Analysis

The cardiac catheters 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 cardiac catheters market.

Some of the major players operating in the cardiac catheters market are:

• Abbott (U.S.)
• B.D. (U.S.)
• Boston Scientific Corporation (U.S.)
• Medtronic (Ireland)
• Cook (U.S.)
• Johnson & Johnson Private Limited (U.S.)
• Smith & Nephew plc (Germany)
• Cardinal Health (U.S.)
• Terumo Corporation (Japan)
• Conavi Medical (U.S.)
• Edwards Lifesciences Corporation (U.S)
• Infraredx, Inc. (U.S)
• Getinge AB (Sweden)
• Coloplast Corp (Denmark)
• McKesson Medical-Surgical (U.S.)

SKU-54548