PUBLISHER: The Business Research Company | PRODUCT CODE: 1670296
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670296
Medical marker bands are small metallic rings or markers utilized for visual or radiographic reference points in various medical procedures. These bands play a crucial role in stent placement, endoscopy, localization, and offering radiographic reference points, aiding in the accurate positioning of catheter devices during medical interventions.
These marker bands are integral components found in a range of medical products, including angiography systems, catheters, guidewires, balloons, contrast media, vascular closure devices, and angiography accessories. Variants such as tantalum marker bands and platinum-iridium marker bands serve as radiopaque markers utilized during angioplasty and other minimally invasive procedures. These bands are composed of materials such as gold, platinum-iridium, platinum, polymers, palladium, tantalum, and others, and find application in coronary, endovascular, and neurovascular procedures, catering to hospitals, medical device distributors, and similar stakeholders within the medical industry.
The medical marker bands research report is one of a series of new reports from The Business Research Company that provides medical marker bands market statistics, including the medical marker bands industry's global market size, regional shares, competitors with medical marker bands market share, detailed medical marker bands market segments, market trends and opportunities, and any further data you may need to thrive in the medical marker bands industry. This medical marker bands market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The medical marker bands market size has grown steadily in recent years. It will grow from $8.83 billion in 2024 to $9.14 billion in 2025 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to the increased importance of patient identification, regulatory emphasis on patient safety, rising healthcare awareness and practices, patient data management requirements, and infection control measures
The medical marker bands market size is expected to see strong growth in the next few years. It will grow to $11.28 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to a shift towards paperless health records, increased focus on emergency preparedness, growing adoption in ambulatory care settings, integration with automated healthcare systems, and customization for specialized patient needs. Major trends in the forecast period include integration with electronic health records (EHR), patient engagement and education, disposable and eco-friendly solutions, market expansion in developing regions, and regulatory compliance standards.
The increasing prevalence of cardiovascular diseases is expected to drive the growth of the medical marker band market in the future. Cardiovascular diseases pertain to conditions affecting the vascular system and heart function. Medical marker bands are utilized in cardiovascular surgical procedures to assist in the guidance and placement of catheter devices. For instance, in September 2024, data published by the Minnesota Department of Health, a US-based state health agency, indicated that around 30% of adults in Minnesota reported high blood pressure in 2023, amounting to nearly 1.4 million individuals. Additionally, in 2022, hypertensive diseases were identified as the underlying or contributing cause of death for 14,225 residents, accounting for nearly 28% of all deaths in the state. Thus, the rising incidence of cardiovascular diseases is driving the demand for medical marker bands.
The increasing number of surgeries and procedures is anticipated to drive the growth of the medical marker band market in the coming years. A surgical procedure involves a deliberate and non-temporary alteration of the body's structures, typically requiring incisions and instruments. Medical marker bands are employed in surgeries and medical procedures to indicate specific areas or sites on a patient's body. For example, in February 2024, data from the National Healthcare Statistics, a US-based government agency, revealed that cataract surgery was the most frequently performed surgical procedure in 2022, with a total of 39,347 cases, of which 98.3% were done as day cases. This was followed by 20,537 caesarean sections and 12,830 hip replacements, almost all of which were inpatient procedures. Therefore, the rise in the number of surgeries and procedures is fueling the growth of the medical marker band market.
Technological innovations are emerging as a prominent trend in the medical marker band market, with major companies strategically incorporating innovative technologies to develop cutting-edge products and maintain their market position. A case in point is the April 2023 launch of the RED 43 reperfusion catheter system by Penumbra, a US-based medical device company. This system introduces innovative marker bands and leverages the REDglide technology to enhance the catheter's functionality and interaction with blood vessels. The catheter boasts an optimized lumen, a soft design, and a precision tip marked with innovative marker bands. These bands, featuring a short polymer tip, contribute to improved visualization and precise placement during medical procedures.
Major companies in the medical marker band market are actively engaged in developing innovative medical devices, including dual marker bands designed for interventional devices. Dual marker bands serve as paired visual indicators, aiding in accurate positioning and identification during medical procedures. A noteworthy example comes from BrosMed Medical, a Japan-based medical device company, which obtained approval from Japanese authorities in November 2022 and subsequently launched the Rokku exchange device. This innovative device is tailored to facilitate seamless exchanges of interventional medical devices while preserving wire position integrity, thereby enhancing the efficiency of complex cases in percutaneous coronary intervention (PCI) procedures. The Rokku exchange device features a tip-to-hub core wire design and incorporates a fixed wire catheter with a 10 mm balloon on the distal end. Notably, the catheter is equipped with one marker band at the tip and another at the proximal balloon edge, streamlining placement and identification during rapid exchanges. With availability in 6F through 8F guide catheters at low inflation pressure, the Rokku offers effective lengths of 107 cm (with a 90 cm guiding catheter) and 117 cm (with a 90 cm or 100 cm guiding catheter).
In July 2022, Industrial Growth Partners, a capital investment firm headquartered in the United States, successfully acquired The Prince & Izant Company. The strategic acquisition aimed to provide opportunities for scaling up operations and fostering global expansion for The Prince & Izant Company. Renowned for its expertise in manufacturing marker bands and other intricately engineered alloy components utilized across diverse applications, The Prince & Izant Company operates from the United States.
Major companies operating in the medical marker bands market include Chamfr Inc., Stanford Advanced Materials Corp., Teleflex Incorporated, Convatec Group plc, ALB Materials Inc., Biomerics LLC, Smiths Medical, Argon Medical Devices, Resonetics LLC., Karl Storz SE & Co. KG, ITL Innovative Technologies Ltd., Putnam Plastics Corp., Precipart Corp., Medtronic Plc., Stryker Corporation, American Elements Corporation, Johnson Matthey Inc., Boston Scientific Corporation, Bard Medical, B. Braun, Olympus Corporation, Radiopaque Solutions Inc., Edgetech Industries LLC, IMC Intertech LLC, Coloplast AS, Cook Medical, Integer Holdings Corporation, Machine Solutions Inc., Merit Medical Systems Inc., Hollister Inc.
North America was the largest region in the medical marker bands market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical marker bands market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the medical marker bands market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The medical marker band market consists of sales of nitinol, cobalt-chromium, and tungsten marker bands. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Marker Bands Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on medical marker bands market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical marker bands ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical marker bands market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.