Market Research Report
Diagnostic Catheter Market by Type (Angiography, OCT, Ultrasound, Electrophysiology, Pressure and Hemodynamic Monitoring), Application Area (Cardiology, Urology, Neurology, Gastroenterology), End User - Global Forecast to 2021
|Published by||MarketsandMarkets||Product code||421120|
|Published||Content info||195 Pages
|Diagnostic Catheter Market by Type (Angiography, OCT, Ultrasound, Electrophysiology, Pressure and Hemodynamic Monitoring), Application Area (Cardiology, Urology, Neurology, Gastroenterology), End User - Global Forecast to 2021|
|Published: January 6, 2017||Content info: 195 Pages||
The global diagnostic catheters market is projected to reach USD 4.30 billion by 2021 from USD 3.02 billion in 2016, at a CAGR of around 7.3% from 2016 to 2021. This growth is primarily attributed to the factors such as the rising geriatric population, the increasing prevalence of cardiovascular disorders, growing number of minimally invasive surgeries, growth in the number of diagnostic imaging centers, and technological advancements in imaging catheters. In addition, increasing investments in the healthcare industry by key market players and increasing government and private sector investments are encouraging the growth of the diagnostic catheters market. Factors such as dearth of skilled professionals, high cost of advanced catheters, and the reuse of single-use diagnostic catheters are hampering the uptake of the imaging catheters.
The global diagnostic catheters market is segmented on the basis of type, application areas, and end user. On the basis of type, the market is segmented into imaging catheters and non-imaging catheters. The imaging catheters are segmented into angiography catheters, ultrasound catheters, OCT catheters, electrophysiology catheters, and other imaging catheters. The non-imaging catheters are segmented into pressure & hemodynamic monitoring catheters, temperature monitoring catheters, and other non-imaging catheters. On the basis of application area, the diagnostic catheters market is segmented into cardiology, gastroenterology, urology, neurology, and others. The diagnostic catheters market by end user is segmented into hospital and imaging & diagnostic centers.
In 2015, North America accounted for the largest share to the global diagnostic catheters market, followed by Europe, Asia-Pacific, and the RoW. Growth in the North American market is driven by the rising geriatric population and the increasing prevalence of cardiovascular disorders in the region, growing demand for minimally invasive surgeries, growth in the number of diagnostic and imaging centers, and technological advancements in imaging catheters.
Some of the major players in the global diagnostic catheters market are Boston Scientific Corporation (U.S.), St. Jude Medical, Inc. (U.S.), Medtronic plc (Ireland), Johnson & Johnson (U.S.), Koninklijke Philips N.V. (Netherlands), B. Braun Melsungen AG (Germany), C.R. Bard, Inc. (U.S.), Cardinal Health, Inc. (U.S.), Edward LifeSciences Corporation (U.S.), and Terumo Corporation (Japan).
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