According to Custom Market Insights (CMI), The Global Cardiac Catheters Market size was estimated at USD 13.5 Billion in 2021 and is expected to hit around USD 25.5 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.65% from 2022 to 2030.
Cardiac catheters are instruments used for heart valve analysis or for directing and visualizing the coronary arteries. The product is a thin, flexible tube that guides equipment through the body’s blood arteries during cardiovascular treatments like angioplasty and stenting. Since they offer a less invasive interventional method than open surgery, cardiac catheters are in great demand.
Cardiac catheters are long, thin, flexible tubes inserted into blood vessels in the arms, neck, or groin and then transported to the heart for therapeutic and diagnostic treatments.
The aging population and rise in heart disease prevalence are anticipated to fuel market expansion. Technological developments also stimulate the market. Due to an increase in the majority of heart ailments, cardiovascular issues brought on by altered lifestyle patterns, poor dietary practices, and excessive alcohol and cigarette use, the market for cardiac catheters is multiplying. This has further resulted in artery obstruction and stroke, which necessitated surgery. Market share for cardiac catheters will increase as less invasive treatments with improved medical imaging become more popular.
Along with technological advancements and improvements in sensor technology, the rising need for interventional cardiac catheterization will further support market trends for cardiac catheters. However, constraints, including a shortage of qualified personnel, are anticipated to impede market expansion. During the analysis period, increased R&D and significant investments in healthcare are expected to present new possibilities.
Browse the full “Cardiac Catheters Market Size, Trends and Insights By Product (Electrophysiology Catheters, PTCA Balloons Catheters, IVUS Catheters, PTA Balloons Catheters, Others), By End User (Hospitals, Ambulatory Surgical Centers, Clinics), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at https://www.custommarketinsights.com/report/cardiac-catheters-market/
There are many different types of cardiac catheters available depending on the complexity of the cardiac problem, which increases the surgeon’s effectiveness. The cardiovascular devices industry is growing significantly due to the rising number of patients with cardiac disorders and the increasing prevalence of unhealthy lifestyles. Additionally, the market for cardiac catheters is expected to develop more throughout the projected period due to technological advancements.
A growing number of elderly people
One of the significant concerns in the world’s emerging nations is the growing elderly population. The incidence of chronic illnesses in older people, such as aortic disease, venous thromboembolism, peripheral arterial disease, etc., is also expected to increase throughout the forecast period, driving the expansion of the catheter market. Geriatric populations are growing at an unprecedented rate in Asia Pacific, where there are most of them.
One of the biggest worries in the world’s emerging nations is the growing elderly population. The incidence of chronic illnesses in older people, such as aortic disease, venous thromboembolism, peripheral arterial disease, etc., is also expected to increase throughout the forecast period, driving the expansion of the catheter market.
Diabetes is caused by adopting unhealthy habits, including smoking, inactivity, and poor food. One of the main techniques used to treat cardiovascular disorders is Percutaneous Coronary Intervention (PCI), which includes cardiac catheterization, angioplasty, and other treatments. One of the necessary components for these operations is cardiac catheters. It is employed for device insertion and opening clogged arteries. Increasing diabetes incidences are anticipated to drive up demand for cardiac catheters over the projected period since diabetes is one of the main factors that initiate cardiovascular illnesses.
Moreover, significant genetic alterations and a sedentary lifestyle are the leading causes of type I and II diabetes. Monogenic diabetes is mainly developed owing to mutations in a single gene. Most of the time, these alterations are passed down via families, although gene mutations occasionally occur after birth. The bulk of the altered genes reduce the pancreas’ degree of functioning, raising the chance of developing diabetes. Young adult diabetes with maturity-onset and neonatal diabetes are the two most prevalent monogenic diabetes. Diabetes in newborns often develops throughout the first six months of life. Additionally, diabetes is brought on by adopting unhealthy behaviors, including smoking, inactivity, and poor food.
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North America held a dominant position and is predicted to dominate during the forecast period in the cardiac catheter market due to the rising frequency of heart illnesses caused by regional changes in lifestyle and technology. The development of cutting-edge treatments, some supportive reimbursement policies, and the existence of many significant market participants are predicted to fuel the regional market. Additionally, this area is overseen by regulatory authorities that have legislation governing the payment for cardiac interventional treatments.
- Abbott Laboratories
- Boston Scientific Corporation
- Bard Medical
- Braun Melsungen AG
- Teleflex Incorporated
- Johnson & Johnson
- Medtronic Inc.
- Becton Dickinson and Company
- Edwards Lifesciences Corp.
- Vascular Solutions Inc.
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