PUBLISHER: Orion Market Research | PRODUCT CODE: 1159359
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159359
Global Cardiac Catheter Sensor Market Size, Share & Trends Analysis Report, by Type (Pressure Sensors, Temperature Sensors, Biosensors, ECG Sensors, Image Sensors, and Other Sensors), by Application (Diagnostic, Surgical, Monitoring, and Imaging), and by End-User (Hospitals and Diagnostic Centers, Ambulatory Services Centers, and Others) Forecast Period (2022-2028)
The global cardiac catheter sensor market is anticipated to grow at a substantial CAGR of 6.6% during the forecast period. Change in lifestyle and dietary habits leads to an increase in the risk of cardiac diseases. Thus, an increase in the prevalence of cardiovascular diseases is anticipated to drive the market. For instance, according to World Health Organization, an estimated 17.9 million die each year from cardiovascular diseases and it is one of the leading causes of death worldwide.
The global cardiac catheter sensor market is segmented based on the type, application, and end-user. Based on the type, the market is segmented into pressure sensors, temperature sensors, biosensors, ECG sensors, image sensors, and other sensors. Based on the application, the market is segmented into diagnostic, surgical, monitoring, and imaging. Based on the end-user, the market is sub-segmented into the hospitals and diagnostic centers, ambulatory services centers, and others. The above-mentioned segments can be customized as per the requirements. Based on end-user, hospitals and diagnostic centers hold a prominent share in the market during the forecast period. There are many heart surgeries conducted in hospitals. In hospitals, catheters are widely used in the angioplasty procedure for treating heart patients that propel the segmental growth.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific region is anticipating a prominent growth rate in the market during the forecast period owing to the presence of emerging countries such as China, India, Japan, and others which have a huge death rate caused by heart problems. These countries are fueling their healthcare department with the best technologies to reduce the causality by treating patients which have raised a huge demand and indicate a great future potential market for cardiac catheter sensors in the region. China had the highest number of heart disease deaths last year, followed by India, Russia, the United States, and Indonesia.
The major companies serving the global cardiac catheter sensor market include Abbott Laboratories, B. Braun Melsungen Ag, ICU Medical, Inc., Smith's Medical, TE Connectivity, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2018, Biosense Webster, a part of the Johnson & Johnson group of companies that is specialists in the treatment and diagnosis of heart arrhythmias, successfully treated atrial fibrillation (AF) in the first participated patient in a study of its new QDOT MICRO catheter.
Research Methodology
The market study of the global cardiac catheter sensor market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: