As per newly released report from Absolute Market Insights (AMI), the global diagnostic catheter market is expected to grow at a CAGR of 7.25% over the forecast period. Major factors such as rising growth of minimally invasive surgical procedures, technological advancements in imaging catheters, new and advanced catheter design, increasing geriatric population and rising prevalence of cardiovascular diseases, amongst others are primary reasons leading for growth of the global diagnostic catheter market.
Rising Demand and Prevalence of Cardiovascular Diseases
Cardiovascular diseases (CVD) is a group of disorders related to heart and blood vessels. It includes coronary heart disease, cerebrovascular disease, rheumatic heart disease, peripheral arterial disease, congenital heart disease and deep vein thrombosis. It is regarded as one of the leading causes of death globally. Around 17.9 million people died owing to cardiovascular diseases in 2019. It is estimated by World Health Organization (WHO) that 4 out of five CVD deaths are results of heart attacks and strokes. The statistics suggest that one third of these deaths occur early in people less than 70 years of age. There are various behavioural risk factors associated with heart disease and stroke. It includes unhealthy diet, physical inactivity, tobacco use and alcohol consumption.
Heart attacks are acute events and mainly caused by a blockage that prevents blood from flowing to the heart or brain. The reasons for these blockages are deposition of fatty substances on the inner walls of the blood vessels that supply blood to heart. Strokes can be caused by blood clots or bleeding from the blood vessel. High blood pressure is another condition in which pressure of the blood in arteries and other blood vessels are too high. It is a serious risk factor for heart diseases. High blood pressure if not controlled properly can affect other major organs such as kidneys and brain. Thus this rising prevalence of cardiovascular disease is driving the growth of global diagnostic catheter market.
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Cardiac catheterization is an invasive imaging procedure that is used to diagnose and evaluate heart function or to treat certain cardiac conditions. Doctors use this process to diagnose and evaluate common heart and blood vessel problems. It also evaluates muscle functions and determines the necessity for further treatment like interventional procedure or coronary artery bypass graft or CABG surgery. It is performed in the hospital by cardiologist and team of doctors, nurse, technicians and other medical professionals. Different types of catheters can be used for example the electrophysiology catheters are used for temporary intra cardiac sensing, stimulation, mapping and recording.
The OCT catheters uses sound waves and IVUS uses sound waves to reconstruct image which helps in evaluation. During this process a long thin tube called catheter is inserted in large blood vessel that leads to the heart. With the help of catheters doctors can do diagnostic tests as a part of catheterization. The catheters are positioned within the various heart chambers or blood vessels. This procedure of cardiac catheterization usually takes about half hour but the preparation and recovery time add several hours. Cardiac catheterization is thus aiding cardiologists diagnose problems that may lead to larger issues, which is turn is driving the need and demand of diagnostic catheter market.
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Technological Advancements Driving the Demand of Diagnostic Catheter Market
The market participants in the global diagnostic catheter market are increasingly focusing on technologically competitive offerings that are aiding for the improvement in detection, specification of the instruments, better spatial resolution and enhanced image quality amongst other factors. Rising efforts are being carried out in developing best-in-class catheter designs with an aim to achieve higher accuracy in minimally invasive diagnostic procedures. Thus ongoing improvements are various initiates by market participants in this space is driving the global diagnostic catheter market.
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Diagnostic Catheter Market:
By Product:
- Imaging
- Electrophysiology (EP) Catheters
- Intravascular Ultrasound (IVUS)
- Optical Coherence Tomography (OCT)
- Angiography Catheters
- Non-Imaging
- Pressure And Hemodynamic Monitoring Catheters
- Temperature Monitoring Catheters
By Application:
- Cardiology
- Urology
- Neurology
- Gastroenterology
- Others
By End-Use:
- Imaging And Diagnostic Centers
- Hospitals
- Clinics
- Others
By Region:
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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