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The angiographic catheters market share is expected to increase by USD 584.14 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.26%.
This angiographic catheters market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the angiographic catheters market segmentation by end-user (hospitals, clinics, and ASCs) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The angiographic catheters market report also offers information on several market vendors, including Alvimedica, AngioDynamics Inc., B. Braun SE, Becton Dickinson and Co., Boston Scientific Corp., BVM Medical Ltd., Cardinal Health Inc, Cook Medical LLC, Haemonetics Corp., InSitu Technologies Inc., McKesson Corp., Medtronic Plc, Merit Medical Systems Inc., OSCOR Inc., Siemens AG, Teleflex Inc., and Terumo Corp. among others.
Download Report Sample to Unlock the Angiographic Catheters Market Size for the Forecast Period and Other Important Statistics
Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends and challenges for the angiographic catheters market. During the COVID-19 pandemic, the demand in the angiographic catheters market has been impacted significantly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain competitive advantages.
Key Angiographic Catheters Market Driver
Rapidly increasing CVD cases are one of the key factors driving the growth of the global angiographic catheters market. The increasing incidence of cardiovascular diseases (CVDs) and increasing demand for precision diagnostics and procedural equipment in the global healthcare industry are driving sales of angiographic catheters. Increasing government efforts to create public awareness are also having a significant impact on the growth rate of the angiographic catheters market. Moreover, the market size of vascular catheters is expanding with the development of advanced technology, which is another important aspect. However, the high cost of angiographic procedures and other components may hinder the growth of the global angiographic catheters market. In addition, the availability of alternative therapies and the complications associated with the use of angiographic catheters may also hamper the global market size. The above factors will increase the demand for the global angiographic catheters market during the forecast period.
Key Angiographic Catheters Market Trend
Rising market penetration in emerging economies will fuel the global angiographic catheters market growth. In emerging economies, the market for medical equipment such as angiographic catheters has been expanding quickly. More than 30% of global healthcare spending is anticipated to come from developing nations by 2025. As opposed to comparable enterprises in developed economies, the angiographic catheters market in emerging economies has potential for growth because operating margins across the various industry subsectors are noticeably higher. This is largely because of the sizable, and expanding and increasingly affluent middle class, which is prepared to pay for high-quality private healthcare services, which governments have historically failed to provide. Medical device companies in emerging markets take advantage of the low production and labor costs and generate substantial returns for investors. Some emerging economies are also experiencing significant increases in the geriatric population and chronic disease prevalence, thus increasing the demand for angiographic catheters
Key Angiographic Catheters Market Challenge
Stringent regulations are the major challenge for the global angiographic catheters market growth. The medical device regulatory environment is becoming increasingly stringent and unpredictable globally for manufacturers of angiographic catheters. The US FDA and other regulatory agencies in the US impose broad compliance oversight obligations on these manufacturers. These agencies closely examine and design manufacturing practices, such as labeling and keeping records of manufacturer reports of adverse events to identify potential problems with medical devices. Manufacturers are also required to periodically check for compliance with applicable quality system requirements, which govern the design, manufacture, packaging, and maintenance of finished medical devices that are intended for human use. In addition, several regulatory agencies in the US, including 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 other state attorney generals, monitor the advertising of medical devices. Failure to comply with these laws may effectively limit the company's use of medical devices. Potentially hazardous medical devices are subject to rigorous standards and requirements to protect patient health and safety.
This angiographic catheters market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global angiographic catheters market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the angiographic catheters market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the angiographic catheters market encompasses successful business strategies deployed by the key vendors. The angiographic catheters market is fragmented, and the vendors are deploying growth strategies such as research and development activities to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the angiographic catheters market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global healthcare equipment market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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