Cardiac Catheterization Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Cardiac Catheterization Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Report Description


Global Cardiac Catheterization Market: Overview

Cardiac catheterization can be defined as a procedure to test the functioning of the heart and is used to diagnose and treat cardiovascular conditions. During the process of cardiac catheterization, a catheter is inserted into the artery or vein, using which doctors perform diagnostic tests. Additionally, heart disease treatments such as coronary angioplasty can be performed using this process. The diagnostic tests usually performed using cardiac catheterization include biopsy, detection of congenital heart defects, right or left ventriculogram, angiogram, and hemodynamic assessment. The treatment procedures in which cardiac catheterization forms a part of the process include closure of holes in the heart, fixing congenital heart diseases, replacing heart valves, heart arrhythmia treatment, and angioplasty.

Global Cardiac Catheterization Market: Drivers and Restraints

The global cardiac catheterization market is anticipated to record significant growth during the forecast period. This can be attributed to the rise in prevalence of cardiovascular diseases, increase in number of angiographic procedures, growing awareness among people, and favorable reimbursement scenario. Additionally, rise in prevalence of diabetes, increase in obesity among the population, and surge in demand for minimally invasive procedures fuel the growth of the market. Moreover, rise in number of cath labs globally drives the market. For instance, in India, the number of cath labs nearly doubled in the past five years to reach over 630 in 2015. Similarly, cardiac interventions in the country increased by 41% in 2015 as compared to 2014. According to the British Cardiac Society Guidelines, there has to be one diagnostic cardiac catheterization and angiography laboratory for a population of 450,000 to 600,000. France has the highest number of catheterization laboratories in Europe, accounting for 2.9 per 1 million people, as suggested by the British Cardiac Society Guidelines. However, the side effects associated with cardiac catheterization procedures and stringent regulatory environment for the approval of medical devices is likely hamper the growth of the market in the region.

Global Cardiac Catheterization Market: Key Segments

The global cardiac catheterization market can be segmented based on product type, application, and region. Based on product type, the market can be categorized into angiographic balloon catheter, optical fiber scope, hexapolar balloon spacing, arterial embolectomy, and others. In terms of application, the global cardiac catheterization market can be classified into right heart catheterization, balloon angioplasty, coronary angiography, valve replacement, and others.

Geographically, the global cardiac catheterization market can be segmented into five major regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America was the dominant market in terms of revenue in 2016 and the trend is anticipated to continue during the forecast period. This is attributed to rise in prevalence of cardiac diseases and well-established health care infrastructure in the region. Europe was the next major market for cardiac catheterization. However, the market in the region is anticipated to witness sluggish growth owing to slow economic recovery. The cardiac catheterization market in Asia Pacific is anticipated to grow at a rapid pace owing to increase in patient population, rise in government focus on enhancing health care facilities, and surge in disposable income of the people. The market in the region is anticipated to be driven by India and China during the forecast period due to high prevalence of several cardiac disorders in these countries. Moreover, rapidly improving awareness levels and cumulative healthcare sector development in these countries would also contribute towards cardiac catheterization market growth in these nations.

Global Cardiac Catheterization Market: Key Players

Leading players operating in the global cardiac catheterization market include Medtronic plc, Boston Scientific Corporation, Terumo Corporation, GE Healthcare, Smith & Nephew, Johnson & Johnson, Cook Medical, Edwards Life Sciences, Abbott, B. Braun, C. R. Bard, and Teleflex Incorporated.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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