The hydrophilic angiographic 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.
Hydrophilic Angiographic 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 hydrophilic angiographic catheters market size has grown strongly in recent years. It will grow from $11.75 billion in 2023 to $12.60 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the growing prevalence of cardiovascular diseases, rising incidence of peripheral vascular diseases, increase in diagnostic and interventional procedures, increasing awareness and early diagnosis, and rising healthcare expenditure.
The hydrophilic angiographic catheters market size is expected to see strong growth in the next few years. It will grow to $16.70 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to a growing aging population, a growing preference for minimally invasive procedures, a rising prevalence of diabetes, and increased funding for cardiovascular research. Major trends in the forecast period include technological advancements, expansion into emerging markets, advances in imaging technology, growing use in oncology, and focus on minimally invasive procedures.
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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.
Market Drivers –
The growth in the prevalence of renal disorders is expected to propel the growth of the hydrophilic angiographic catheters market going forward. Renal disorders refer to a broad category of conditions that affect the kidneys, impairing their ability to filter blood, remove waste, balance fluids and electrolytes, and regulate blood pressure. Renal disorders are growing primarily due to the increasing prevalence of risk factors such as diabetes, hypertension, and aging populations. Hydrophilic angiographic catheters are used in renal disorders for precise and smooth navigation during diagnostic and interventional procedures, such as renal artery angiography and stenting. For instance, in June 2023, according to the report published by Kidney Research UK, a UK-based non-profit organization, approximately 7.2 million people in the UK are living with chronic kidney disease, representing over 10% of the population. Of these, 3.25 million are in the advanced stages of the disease, while an additional 3.9 million are in the early stages. By 2033, the number of individuals affected by chronic kidney disease is projected to rise to 7.61 million. Therefore, the growth in the prevalence of renal disorders is driving the hydrophilic angiographic catheters market.
Market Trends –
Major companies in the hydrophilic angiographic catheters market focus on developing innovative products such as catheters with various curve configurations to sustain their position in the market. Catheters with various curve configurations are specialized medical devices designed with different bending or curving shapes to navigate complex anatomical structures. For instance, in January 2024, Cook Group Incorporated, a US-based medical device company, launched its Slip-Cath Beacon Tip hydrophilic selective catheter in the USA and Canada. Designed for use in both vascular and non-vascular angiographic procedures, this catheter features over 30 different curve configurations and comes in protective foil packaging to ensure extended durability and a three-year shelf life. Its advanced technology enhances usability during procedures, and it is intended to work seamlessly with vascular access sheaths, wire guides, and various treatment devices.
The hydrophilic angiographic catheters market covered in this report is segmented –
1) By Type: Selective Type Angiographic Catheters, Non-Selective Type Angiographic Catheters
2) By Application: Heart Disease Treatment, Kidney Disease Treatment, Other Applications
3) By End User: Hospitals, Diagnostic And Imaging Centers, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the hydrophilic angiographic catheters market in 2023. The regions covered in the hydrophilic angiographic catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the hydrophilic angiographic catheters market are Cardinal Health Inc., Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Becton Dickinson and Company, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Cook Medical Inc., Teleflex Incorporated, BIOTRONIK SE & Co. KG, Lepu Medical Technology (Beijing) Co Ltd., Merit Medical Systems Inc., Cordis Corporation, MicroPort Scientific Corporation, Asahi Intecc Co Ltd., AngioDynamics Inc., Biosensors International Group Ltd., Alvimedica Medical Technologies, BrosMed Medical Co Ltd., iVascular SLU, Reva Medical Inc., Hexacath, Translumina Therapeutics LLP, Eurocor Tech GmbH, Invamed Group
Table of Contents
1. Executive Summary
2. Hydrophilic Angiographic Catheters Market Report Structure
3. Hydrophilic Angiographic Catheters Market Trends And Strategies
4. Hydrophilic Angiographic Catheters Market – Macro Economic Scenario
5. Hydrophilic Angiographic Catheters Market Size And Growth
…..
27. Hydrophilic Angiographic Catheters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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