Angiographic Catheters Market – Global Industry Analysis and Forecast (2023-2029)

Angiographic Catheters Market was valued at US $ 1461.05 Mn. in 2022. The global market is expected to grow at a CAGR of 8.2% during the forecast period. The market is expected to reach a value of US $ 2536.64 Mn by 2029.
Angiographic Catheters Market Overview:
Catheter angiography observes blood vessels in decisive portions of the body for incongruities such as aneurysms and disease such as atherosclerosis using a catheter, x-ray imaging guidance, and the inoculation of contrast substantial. It is designed for extreme enactment and is obtainable in a variety of cambers. A catheter and a small plastic conduit are familiarized into a vein through a small scratch in the skin throughout catheter angiography.

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In angiographic operations, a diagnostic catheter is engaged. It is used to distribute radiopaque media and therapeutic constituents to explicit regions in the vascular system within the body. The pigtail catheter's catheter inserter can be used to bend the tip of the catheter for easy entry into the scabbard. A divergence substance is inoculated with the tube once the catheter is steered to the location to be inspected, and metaphors are chronicled using a modest amount of ionizing contamination.
Angiographic Catheters Market Dynamics:
The growing regularity of cardiovascular disorders and the increasing number of heart surgeries is a major driving factor for the market:

Rapid technological innovations in medical devices, as well as increased government expenses for the edifice of healthcare infrastructure, is a major factor for boosting the market. Consumers are progressively persuaded to cuddle advanced healthcare apparatuses due to rising disposable income, increased spending capability, and beneficial reimbursement policies. A substantial upsurge in catheterization labs, a growing fondness for slightly invasive procedures, and an increase in cardiovascular disease cases are other factors for boosting the growth of the market.

The global healthcare sector's increased demand for precise diagnostic and procedural equipment is driving up demand for angiographic catheters, which will drive the global angiographic catheters market. Furthermore, the angiographic catheters market is predicted to rise due to an ageing population and lifestyle changes that lead to hypertension, obesity, and other risk factors that lead to vascular illnesses.

The high cost of Surgeries are a major restraining factor for the market:

Government limitations over governing product approval are the major factor that is hampering the growth of the market. The availability of alternative therapies and the problems associated with angiographic catheters are also limiting the growth of the market. It involves the use of iodinated divergence mediocre. This is nephrotoxic and should be avoided if there is substantial concurrent renal failure. In addition, radiation exposure is also expensive which is difficult to afford.

Major firm’s reserves in technological developments and R&D procedures are growing which is a huge opportunity for the market:

Most of the research and development programs are associated with the technique that locates the exact location of the bleeding and can be used for medicinal determinations such as vasopressin potion or embolization. The preparation of the bowel does not require in this procedure. With the help of advanced technology, angiography represents an accurate picture of the blood vessels which is giving a lucrative growth for the market.

High risk involved in the procedure of angiographic surgeries:

An allergic retort to the dissimilarity material or medications used during the technique is one of the vulnerabilities associated with catheterization. At the catheter attachment site, there may be bleeding, infection, and bruises and gobs in the capillaries, which can lead to a heart attack, stroke, or other major condition which gives a major challenge for the catheters market.
Angiographic Catheters Market Segment Analysis:
Based on the End Users, the market is segmented into Hospitals, Ambulatory Surgical Centers, Speciality Clinics and Others. The Hospital segment is expected to hold 38.5% of the overall market share in terms of revenue by 2029. Greater healthcare substructure, obtainability of skilled workforce, and affordability of material involved in catheters are all factors, which is witnessing the growth of this segment. The escalation in an enduring puddle, remaining to substantial growth in the geriatric populace suffering from lifestyle disorders containing atherosclerosis and heart failure disease, which is expected to boost hospital income manufacture is another factor for driving the growth of this segment.

However, the Ambulatory Surgical segment is expected to grow at a CAGR of 4.5% during the forecast period. Ambulatory surgical include same-day surgical care, comprising diagnostic and defensive operations, in which it is the emphasis of modern health care conveniences. Tonsillectomies, hernia repairs, and cataract surgeries are used in the performance of the ambulatory surgical procedure.

Based on Application, the Angiographic Catheters Market is segmented into Coronary, Endovascular, Neurology, and Oncology. The Coronary segment is expected to hold 32.3% of the overall market share in terms of revenue by 2029. The heart muscle is delivered with blood through coronary arteries in which the heart muscle, like all other tissues in the body, need oxygen-rich blood to activate. Moreover, oxygen-depleted plasma must be elated. The coronary arteries surround the heart in angiographic surgery. According to the Centers for Disease Control and Prevention (CDC), the most recurrent type of heart illness which is coronary heart disease killed 360,900 people in 2022 and CAD affects approximately 18.2 million persons aged 20 about 6.7%.

However, the Neurology segment is expected to grow at a CAGR of 3.6% during the forecast period. A brain angiography which is known for a cerebral angiogram is an assessment that scrutinizes the blood arteries and blows flow in the brain for issues. A bulging in a blood artery which includes an aneurysm, a narrowing or blockage of a blood vessel, or bleeding in the brain are examples of these issues which may come in the neurological segment. Apart from this endovascular procedures helps to visualize blood vessels by using X-rays. Indigenous anaesthesia in the superior portion of the thigh is also performed in this segment.
Angiographic Catheters Market Regional Insights:
North American region held the largest market share, accounting for 34.5% in 2022. This might be attributed as there is a well-built healthcare substructure and government creativities such as attractive repayment procedures, and the existence of substantial manufacturers. Furthermore, augmented unification and acquirement activity among regional and international competitors is projected to support market expansion in this region to some magnitude. Apart from this countries like U.S and Canada are majorly attributed to this market, as there is rapid urbanization, higher disposable income and an increase in various complications like dissections, myocardial infarctions, and pseudoaneurysm.

However, the Asia Pacific region is expected to grow at a CAGR of xx% during the forecast period. In countries like India and China, catheter re-use is common in Tier-2 and Tier-3 infirmaries, sinking procedure expenditures and permitting patients to receive treatment at a lower cost. Conversely, due to lower catheter assessing and more sympathetic of the risks attendant with re-used catheters, the preference for re-used catheters is expected to decline in emerging countries like South Korea and Brazil.

The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.
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Angiographic Catheters Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 1461.05 Mn.


Forecast Period 2023 to 2029 CAGR:
8.2%
Market Size in 2029:
US$ 2536.64 Mn.


 Segments Covered:
by End-User
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Others


by Application
Coronary
Endovascular
Neurology
Oncology



Angiographic Catheters Market, by Region
Global Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. AGA Medical
2. Allium Medical
3. Alvimedica
4. AMG International
5. Angioslide
6. Arstasis
7. Asahi Intecc
8. Atrium Medical
9. C. R. Bard, Inc.
10.Cardiva
11.Aachen Resonance
12.Abbott Laboratories
13.Abiomed
14.Acrostak
15.AdvanSource Biomaterials
Frequently Asked Questions:
1] What segments are covered in the Angiographic Catheters Market report?
Ans. The segments covered in the Angiographic Catheters Market report are based on End-User and Application.

2] Which region is expected to held the highest share in the Angiographic Catheters Market?
Ans. The North American region is expected to held the highest share in the Angiographic Catheters Market.

3] What is the market size volume of the Angiographic Catheters Market by 2029?
Ans. The market size of the Angiographic Catheters Market is expected to be 2536.64 Mn by 2029.

4] What is the forecast period for the Angiographic Catheters Market?
Ans. The forecast period for the Angiographic Catheters Market is 2023-2029.

5] What was the market size volume of the Angiographic Catheters Market in 2022?
Ans. The market size of the Angiographic Catheters Market in 2022 was valued US$ 1461.05 Mn.