Cardiovascular Catheters Market Competitive Landscape 2024

The cardiovascular catheters global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Cardiovascular Catheters Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size —
The cardiovascular catheters market size has grown strongly in recent years. It will grow from $18.44 billion in 2023 to $20.05 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increase funding for research and development, growth in use of catheters in EP procedures, expansion of cardiac catheterization labs in hospitals, rise in interventional cardiology procedures, and growth in prevalence of diabetes.
The cardiovascular catheters market size is expected to see strong growth in the next few years. It will grow to $28.17 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to focus on reducing healthcare costs, adoption of hybrid operating rooms, rise in investment by both public and private entities in cardiovascular research, increasing use of drug-eluting catheters, and development and adoption of biodegradable catheter materials. Major trends in the forecast period include integration of AI in catheter-based procedures, advanced imaging technologies, development of miniaturized catheters, adoption of robotic-assisted catheter procedures, and development of wireless, battery-free catheters.

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Scope Of Cardiovascular Catheters Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Cardiovascular Catheters Market Overview

Market Drivers –
The increasing prevalence of vascular heart diseases is expected to propel the growth of the cardiovascular catheter market going forward. Vascular heart diseases encompass a group of conditions affecting the blood vessels supplying the heart or within the heart itself. Changes in lifestyle habits such as diet and physical activity, an aging population, and the rising incidence of conditions such as diabetes and hypertension cause vascular heart diseases. Cardiovascular catheters help patients with vascular heart diseases by enabling minimally invasive procedures to diagnose, treat, and manage conditions such as blocked arteries and abnormal heart rhythms, leading to quicker recovery and improved outcomes. For instance, in January 2024, according to the American Heart Association, a US-based nonprofit organization, the number of deaths caused by cardiovascular diseases reached 931,578, compared to 928,741 in 2023. Moreover, the age-adjusted death rate from cardiovascular disease also saw a modest uptick, reaching 233.3 per 100,000, marking a 4.0% increase from the previous year’s rate of 224.4 per 100,000. Therefore, the increasing prevalence of vascular heart diseases is driving the cardiovascular catheters market.

Market Trends —
Major companies operating in the cardiovascular catheters market are developing innovative products with advanced technologies, such as TRUEref technology, to enhance the accuracy and reliability of cardiac mapping. TRUEref technology enhances cardiovascular catheters by providing accurate reference signals during cardiac mapping, improving the precision of arrhythmia identification, and enabling more effective and targeted treatments. For instance, in July 2023, Biosense Webster Inc., a US-based company and a part of Johnson & Johnson MedTech, launched OPTRELL mapping catheter, a high-density diagnostic catheter with TRUEref technology. The OPTRELL mapping catheter with TRUEref technology, powered by the CARTO 3 System, offers high-definition electrophysiological mapping with 48 small electrodes, enabling clinicians to map complex cardiac arrhythmias with enhanced precision and develop more effective ablation strategies.

The cardiovascular catheters market covered in this report is segmented —

1) By Product: Cardiovascular Therapeutic Catheters, Cardiovascular Diagnostic Catheters
2) By Application: Coronary Artery Diseases (CAD), Cardiac Arrhythmia, Heart Failure, Other Applications
3) By End User: Hospitals, Clinics, Ambulatory Surgical Centers

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Regional Insights —
Asia-Pacific was the largest region in the cardiovascular catheters market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiovascular catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies —
Major companies operating in the cardiovascular catheters market are Abbott Laboratories, Medtronic plc, Johnson & Johnson MedTech, Koninklijke Philips N.V., Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Edwards Lifesciences Corporation, W. L. Gore & Associates Inc., ZOLL Medical Corporation, Nipro Corporation, Cook Group Incorporated, Biotronik SE & Co. KG, Merit Medical Systems Inc., LivaNova plc, Cordis Corporation, Asahi Intecc Co. Ltd., AngioDynamics Inc., Endologix Inc., Wellinq, Cardionovum GmbH, Avinger Inc., CathRx, Andocor NV

Table of Contents
1. Executive Summary
2. Cardiovascular Catheters Market Report Structure
3. Cardiovascular Catheters Market Trends And Strategies
4. Cardiovascular Catheters Market — Macro Economic Scenario
5. Cardiovascular Catheters Market Size And Growth
…..
27. Cardiovascular Catheters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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