Angiographic Catheters Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, China, France, Canada, India, UK, Saudi Arabia, Japan, Brazil - Size and Forecast 2024-2028

Angiographic Catheters Market Size 2024-2028

The angiographic catheters market size is forecast to increase by USD 694.1 million at a CAGR of 7.6% between 2023 and 2028.

• The market is experiencing significant growth due to the increasing prevalence of cardiovascular diseases (CVD) and the rising demand for minimally invasive procedures. The market is witnessing increased penetration in emerging nations, driven by improving healthcare infrastructure and growing awareness of angiographic catheters' benefits. However, stringent regulations regarding the manufacturing of these catheters pose a challenge to market growth. Alcohol consumption and substance abuse can lead to complications during angiographic procedures, including allergic reactions, bleeding, infection, bruising, clots, heart attack, and stroke. To mitigate these risks, conventional catheters are being replaced with advanced ones, such as those coated with vasopressin potion, which aid in embolization and reduce the risk of complications. Ensuring the highest standards of quality and safety in the manufacturing process is crucial to meet regulatory requirements and maintain customer trust.

What will be the Size of the Market During the Forecast Period?

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• The market is witnessing significant advancements driven by the increasing prevalence of cardiovascular and circulatory system conditions. These diseases are often linked to chronic conditions such as diabetes, hypertension, and unhealthy lifestyles, which are common in the elderly population. Diagnostic catheters play a crucial role in the detection and treatment of cardiovascular diseases. These catheters utilize imaging technology, such as radiopaque substances, to provide clear visualizations of the blood vessels and arterial blockages. Therapeutic compounds can also be delivered through these catheters to treat conditions like vascular syndrome. The use of angiographic catheters in minimally invasive procedures, like coronary angiography, has gained popularity due to their ability to reduce recovery time and complications compared to traditional heart surgeries. Moreover, the growing preference for nonsurgical procedures and the availability of advanced imaging technology have fueled the market's growth. The catheterization process involves the use of a guide wire to navigate through the vascular system and reach the target area for diagnosis or treatment. The integration of radiopaque media and therapeutic agents into catheters has enhanced their efficacy and versatility.
• Furthermore, the logistics services and ecommerce sectors have significantly impacted the angiographic catheters market by providing convenient access to these essential medical devices. This has enabled healthcare providers to offer timely and efficient services to patients, contributing to the market's expansion. The market is expected to continue its growth trajectory due to the increasing burden of cardiac and cardiovascular diseases. As the global population ages, the demand for these catheters is anticipated to rise, making it a promising investment opportunity for businesses in the healthcare sector. In conclusion, the market is experiencing continuous growth due to the increasing prevalence of cardiovascular diseases, the availability of advanced imaging technology, and the preference for minimally invasive procedures. The market's future growth is expected to be driven by the aging population and the increasing demand for nonsurgical treatment options.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• End-user
  • Hospitals
  • Clinics
  • ASCs
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

By End-user Insights

• The hospitals segment is estimated to witness significant growth during the forecast period.

Angiographic catheters are essential medical devices used for diagnostic and interventional procedures, including embolization and vasopressin injection, in the healthcare industry. The market for these catheters is anticipated to expand significantly due to the increasing prevalence of conditions such as heart attacks and strokes, which require these procedures for diagnosis and treatment. Hospitals are expected to be the largest market for angiographic catheters due to the high volume of such procedures performed in these institutions. However, the market may face challenges from the increasing preference for non-invasive angiography techniques. Manufacturers are focusing on research and development to improve the accuracy and safety of angiographic catheters.

Angiographic catheters are used for medical purposes, including the diagnosis and treatment of conditions such as coronary artery disease, peripheral artery disease, and aneurysms. These catheters are inserted into the blood vessels to allow doctors to visualize the blood flow and identify blockages or other abnormalities. Alcohol consumption and substance abuse can increase the risk of complications during angiographic procedures. Therefore, it is essential to follow proper procedures and guidelines to minimize these risks and ensure the best possible patient outcomes.

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The Hospitals segment was valued at USD 808.20 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• North America is estimated to contribute 56% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In North America, the market is experiencing notable growth due to the increasing prevalence of chronic cardiovascular diseases (CVDs) and the expanding elderly population. Heart disease is a major cause of morbidity and mortality in the region, leading to a high demand for diagnostic and interventional procedures. This, in turn, is driving the adoption of angiographic catheters. Advancements in catheter technology, such as hydrophilic coatings and enhanced maneuverability, have improved the precision and safety of procedures. The well-established healthcare infrastructure and increased healthcare spending in countries like the United States and Canada further contribute to the market's expansion.

In addition, the use of advanced imaging technologies like coronary angiography and magnetic resonance angiography is on the rise, increasing the need for angiographic catheters. Angiographic catheters play a crucial role in diagnosing and treating arterial blockages and vascular syndromes. Their use in specialty clinics, such as cardiology and hemodynamic labs, is essential for accurate diagnosis and effective treatment. Despite the challenges associated with complications like hematoma, the benefits of these procedures far outweigh the risks.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Angiographic Catheters Market?

Rapidly increasing CVD cases is the key driver of the market.

• The market is experiencing significant growth due to the increasing prevalence of cardiovascular diseases (CVDs), such as coronary artery disease, stroke, and hypertension. These conditions, which are often caused by lifestyle factors like poor diet, sedentary lifestyles, smoking, and stress, are the leading causes of mortality worldwide, according to the World Health Organization (WHO). With over 17 million annual deaths attributed to CVDs, there is a pressing need for effective diagnostic and treatment solutions. Angiographic catheters serve a vital role in the diagnosis and intervention of CVDs. They enable precise imaging of blood vessels and facilitate minimally invasive procedures, such as percutaneous coronary intervention (PCI) and angioplasty. The rising incidence of heart disorders has led to an increased number of angiographic procedures, subsequently driving the demand for these specialized catheters.
• Medical tourism and cardiac surgical interventions have also contributed to the market growth. Cerebral, visceral, and renal catheters, as well as microcatheters, are essential components of the market. Hospitals and cardiac medical devices manufacturers are the primary end-users of these catheters. As the demand for minimally invasive procedures continues to grow, the market is expected to expand further. Thus, such factors are driving the growth of the market during the forecast period.

What are the market trends shaping the Angiographic Catheters Market?

Rising market penetration in emerging nations is the upcoming trend in the market.

• In developing countries, the market for angiographic catheters is experiencing significant growth. By 2025, it is projected that over 30% of global healthcare expenditures will originate from emerging economies. Compared to established industries in developed nations, the market in these regions holds great potential. This is primarily due to the expanding and affluent middle class, which is willing and able to pay for superior healthcare services that governments have historically neglected to provide. Medical device manufacturers in emerging markets capitalize on low production and labor costs, generating substantial returns for investors. Cardiovascular diseases, such as diabetes, heart surgeries, and conditions affecting the circulatory system, are major drivers of the market.
• Risk factors like sedentary lifestyles, hypertension, obesity, and tobacco consumption contribute to the increasing prevalence of these conditions. Diagnostic catheters infused with radiopaque substances and therapeutic compounds play a crucial role in the diagnosis and treatment of these diseases. Minimally invasive surgeries have become increasingly popular due to their numerous benefits, including reduced recovery time and lower risk of complications. The market is poised for continued growth as the demand for advanced medical equipment and procedures increases. Thus, such trends will shape the growth of the market during the forecast period.

What challenges does Angiographic Catheters Market face during the growth?

Stringent regulations associated with manufacturing angiographic catheters is a key challenge affecting the market growth.

• Angiographic catheters, including Pigtail catheters, play a crucial role in the diagnosis and treatment of cardiac and vascular diseases through nonsurgical procedures. These catheters are essential tools in the delivery of therapeutic agents, such as radiopaque media, vasopressin injection, and other medications, into the vascular system. The US Food and Drug Administration (FDA) and other regulatory bodies impose stringent regulations on the manufacturing of angiographic catheters to ensure their safety and efficacy. Manufacturers must adhere to quality system requirements, which cover the design, manufacture, packaging, and maintenance of finished medical devices. Regulatory agencies in the US closely monitor compliance with these regulations, examining labeling, adverse event reports, and periodic checks. Additionally, the advertising of angiographic catheters is subject to scrutiny by the Federal Trade Commission, the Office of the Inspector General of the Department of Health and Human Services, the United States Department of Justice, and various state attorney generals. E-commerce and logistics services have become essential components of the angiographic catheter market, enabling the efficient distribution of these critical medical devices.

• As the demand for minimally invasive procedures continues to grow, the market for angiographic catheters is expected to expand. The use of angiographic catheters in the treatment of cardiac vascular diseases, such as coronary angioplasty, is a significant driver of market growth. In conclusion, the angiographic catheter market is subject to rigorous regulatory oversight in the US, ensuring the safety and efficacy of these essential medical devices. The use of angiographic catheters in the diagnosis and treatment of cardiac and vascular diseases continues to grow, driven by the increasing demand for minimally invasive procedures. Ecommerce and logistics services play a vital role in the efficient distribution of these devices. Hence, the above factors will impede the growth of the market during the forecast period

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Alvimedica
• AngioDynamics Inc.
• B.Braun SE
• Becton Dickinson and Co.
• Boston Scientific Corp.
• BVM Medical Ltd.
• Cardinal Health Inc.
• Cook Group Inc.
• Haemonetics Corp.
• InSitu Technologies Inc.
• McKesson Corp.
• Medtronic Plc
• Merit Medical Systems Inc.
• OSCOR Inc.
• Siemens AG
• Teleflex Inc.
• Terumo Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Angiographic catheters are medical devices used for diagnostic and therapeutic purposes in the healthcare industry. These catheters are designed to access the circulatory system, specifically the cardiovascular system, for imaging and treatment of various conditions. The increasing prevalence of chronic diseases such as diabetes, hypertension, obesity, and unhealthy lifestyles leading to heart surgeries and minimally invasive procedures drive the demand for angiographic catheters. Angiographic catheters are used in hospitals, ambulatory surgical centers, cardiac centers, brain centers, specialty clinics, and hemodynamic labs for procedures like coronary angiography, percutaneous coronary intervention, and cardiac catheterization. They are also used in imaging technologies like x-ray, MRA, and CT for diagnosing arterial blockages, heart disorders, and vascular syndromes. Angiographic catheters come in various types, including diagnostic catheters with radiopaque substances for better imaging and therapeutic catheters with therapeutic compounds for treating conditions like embolization and vasopressin potion administration.

Furthermore, the market is diverse, catering to various medical specialties like cardiology, neurology, oncology, and interventional radiology. Despite the benefits, angiographic catheter procedures carry risks like allergic reactions, bleeding, infection, bruising, clots, heart attack, stroke, hematoma, retroperitoneal bleeding, and complications from sedentary lifestyles, tobacco consumption, alcohol consumption, and substance abuse. The market for angiographic catheters is expected to grow due to the increasing number of elderly populations and the availability of nonsurgical procedures and medical tourism. Angiographic catheters are essential medical devices for the healthcare industry, enabling accurate diagnosis and effective treatment of various cardiovascular and vascular conditions. They are used with imaging technology, guide wires, and therapeutic agents to ensure optimal patient outcomes. The market for angiographic catheters is vast and diverse, catering to various medical specialties and healthcare facilities.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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