The deflectable 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.
Deflectable Catheters Market, 2024The deflectable catheters global market report 2024
Market Size – The deflectable catheters market size has grown strongly in recent years. It will grow from $1.80 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to rise in diagnostic imaging requirements, rise in geriatric population, rise in investments in healthcare innovations, and an increasing number of outpatient procedures.
The deflectable catheters market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to the increasing prevalence of chronic diseases, increasing focus on minimally invasive techniques, growing demand for angioplasty, rising hospitalization, and increasing prevalence of peripheral artery diseases. Major trends in the forecast period include technological advancements, multi-function devices, telemedicine, patient-centric designs, and miniaturization of devices.
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Scope Of Deflectable 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.
Deflectable Catheters Market Overview
Market Drivers -The surging incidence of cardiovascular diseases is expected to propel the growth of the deflectable catheters market in the near future. The rising rates of cardiovascular diseases (CVDs) represent a significant global health challenge, influenced by factors such as an aging population, unhealthy lifestyle choices, and the effects of rapid urbanization. Deflectable catheters are employed in cardiovascular procedures to accurately navigate and treat heart arrhythmias, perform ablations, and access hard-to-reach areas within the heart or blood vessels. For instance, in August 2022, a study published in the Journal of the American College of Cardiology indicated that all four cardiovascular risk factors are projected to increase in the general U.S. population from 2025 to 2060, with diabetes expected to see the largest percentage rise of 39.3%, followed by dyslipidemia at 27.6%, hypertension at 25.1%, and obesity at 18.3%. Thus, the surging incidence of cardiovascular diseases is significantly driving the deflectable catheters market.
Market Trends – Major companies operating in the deflectable catheter market are focused on developing innovative products, such as crossing catheters, to gain a competitive edge in the market. A crossing catheter is a specialized medical device designed to help navigate through blocked or narrowed blood vessels, often used in procedures such as angioplasty. For instance, in May 2023, Bentley InnoMed GmbH, a Germany-based healthcare company, launched the BeBack crossing catheter in the United States. The BeBack catheter is designed for steering through chronic total occlusions (CTOs) and treating heavily calcified lesions. It is available in lengths of 80 cm and 120 cm, with sizes of 2.9Fr and 4Fr. The catheter features a steerable and adjustable nitinol needle for crossing and targeted re-entry, along with a radiopaque marker indicating the direction of the curved needle near the catheter tip. The device allows for multiple treatment options, including antegrade, retrograde, and crossover approaches for intraluminal and subintimal lesions.
The deflectable catheters market covered in this report is segmented –
1) By Product: Uni-Directional Deflectable Catheters, Bi-Directional Deflectable Catheters, Multi-Directional Deflectable Catheters
2) By Application: Coronary Interventions, Electrophysiology, Diagnostics Imaging, Peripheral Interventions
3) By End-User: Hospitals And Clinics, Ambulatory Surgery Center, Other End Users
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Regional Insights – North America was the largest region in the deflectable catheters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the deflectable catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, Medtronic plc, Siemens Healthineers, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Cook Medical, Teleflex Incorporated, Biotronik, Smiths Medical, Merit Medical Systems, Biomerics, Asahi Intecc Co. Ltd., Atricure Inc., AngioDynamics, Oscor Inc., Baylis Medical Company Inc., Vascular Solutions Inc., EndoMed Systems GmbH, BioSig Technologies
Table of Contents 1. Executive Summary2. Deflectable Catheters Market Report Structure3. Deflectable Catheters Market Trends And Strategies4. Deflectable Catheters Market – Macro Economic Scenario5. Deflectable Catheters Market Size And Growth…..27. Deflectable Catheters Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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