Global Angiographic Catheters Market Size (2024 - 2029)

The angiographic catheters market is projected to experience growth over the forecast period, driven by an increasing incidence of cardiovascular diseases and a rising demand for minimally invasive procedures. The market's expansion is expected to recover from the initial setbacks caused by the COVID-19 pandemic, which had significantly impacted elective surgeries and interventional cardiology procedures. Factors such as the development of new multi-specialty hospitals and the growing geriatric population are anticipated to further boost the market's growth. The prevalence of cardiovascular diseases, influenced by stressful work conditions and lifestyle choices, underscores the need for interventional cardiology devices, thereby contributing to the market's expansion.

Market Size of Global Angiographic Catheters Industry

Angiographic Catheters Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 6.70 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Global Angiographic Catheters Market Major Players

*Disclaimer: Major Players sorted in no particular order

Angiographic Catheters Market Analysis

The Global Angiographic Catheters market is expected to witness a CAGR of 6.7% during the forecast period.

The angiographic catheter market is anticipated to have been significantly impacted by the COVID-19 pandemic as most elective surgeries were deferred to contain the spread of the SARS-Cov2 viral transmission. The article titled "Electrophysiology and Interventional Cardiology Procedure Volumes During the Coronavirus Disease 2019 Pandemic" published in the National Library of Medicine in October 2021, stated the impact of the COVID-19 pandemic on the number of interventional cardiology (IC) and electrophysiology (EP) operations performed globally. Multiple clinical services in the area of interventional cardiology were immediately discontinued upon the onset of the COVID-19 pandemic to better allocate resources and prevent potential exposure across numerous countries. All percutaneous coronary interventions (PCI) performed in the United Kingdom during the lockdown imposed by the pandemic were retrospectively studied by the British Cardiovascular Interventional Society and their results were compared to PCI volumes during the pre-pandemic period. The results indicated that PCI volumes decreased by 49%, with the highest decline occurring in PCI for stable angina (66% reduction). Thus, the outbreak has hurt the market's growth in its preliminary phase. However, the market is anticipated to gain traction over the coming years as most elective surgical procedures and treatments have resumed worldwide.

Certain factors that are driving the market growth include the increasing incidence of cardiovascular diseases and a rise in demand for minimally invasive procedures.

The rise in demand for minimally invasive procedures and an increase in the geriatric population are expected to drive the growth of the market. The development of new multi-specialty hospitals is expected to generate higher demand for various angiographic catheters over the forecast period. The growing and thus drives growth of the market burden of cardiovascular diseases also generates a need for interventional cardiology devices. For instance, according to the data published by the European Heart network in 2021 reported that in the European Union more than 60 million people live with Cardiovascular disease and close to 13 million new cases of cardiovascular diseases are diagnosed every year. Such increasing prevalence of cardiovascular diseases which led to an increasing need for early diagnosis and treatment is expected to drive the growth of the angiographic catheters market. The key factors driving the prevalence of cardiovascular diseases across different age groups are stressful work conditions, growing consumption of tobacco, alcohol, and substance abuse.

Thus the above-mentioned factors are expected to drive the demand for the growth of the market during the forecast period.

Angiographic Catheters Industry Segmentation

As per the scope of the report, an angiographic catheter or diagnostic catheter is a tubular device that can be inserted into the anatomical cavity or blood vessels to allow the passage of fluid from or into a body cavity or blood vessel. Such catheters facilitate selective locating (as in a renal or coronary vessel) from a remote entry site. The Angiographic Catheters Market is segmented by Application (Coronary, Endovascular, Others), End-User (Hospital, Ambulatory Surgical Centers, Specialty Clinics), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Application
Coronary
Endovascular
Others
By End User
Hospital
Ambulatory Surgical Centers
Specialty Clinics
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Angiographic Catheters Market Size Summary

The angiographic catheters market is poised for significant growth, driven by an increasing incidence of cardiovascular diseases and a rising demand for minimally invasive procedures. The market experienced a temporary setback due to the COVID-19 pandemic, which led to the postponement of elective surgeries and a decline in interventional cardiology procedures. However, as healthcare systems worldwide resume normal operations, the market is expected to regain momentum. The development of new multi-specialty hospitals and the growing geriatric population are anticipated to further propel market expansion. The prevalence of lifestyle-related diseases, such as obesity and heart failure, is also contributing to the demand for angiographic catheters, as these conditions necessitate early diagnosis and intervention.

North America is expected to maintain a dominant position in the global angiographic catheters market, supported by advanced healthcare infrastructure, technological advancements, and favorable reimbursement policies. The region's high disease burden and substantial investment in healthcare are facilitating the introduction of innovative products. The market is characterized by intense competition, with major players like AngioDynamics, Boston Scientific Corporation, and Medtronic holding significant market shares. Recent regulatory approvals and technological advancements, such as real-time 3D intracardiac echocardiography, are expected to enhance the market's growth trajectory. The hospital segment is likely to lead the market due to improved healthcare facilities and the increasing patient pool, particularly among the elderly population at risk of cardiovascular diseases.

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Global Angiographic Catheters Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Incidence of Cardiovascular Diseases

      2. 1.2.2 Rise in Demand for Minimally Invasive Procedures

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Angiographic Procedures

      2. 1.3.2 Complications Associated with Angiographic Catheters

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Application

      1. 2.1.1 Coronary

      2. 2.1.2 Endovascular

      3. 2.1.3 Others

    2. 2.2 By End User

      1. 2.2.1 Hospital

      2. 2.2.2 Ambulatory Surgical Centers

      3. 2.2.3 Specialty Clinics

      4. 2.2.4 Others

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Global Angiographic Catheters Market Size FAQs

The Global Angiographic Catheters Market is projected to register a CAGR of 6.70% during the forecast period (2024-2029)

AngioDynamics, Cook Medical, Medtronic, Merit Medical Systems, Inc. and Terumo Interventional Systems are the major companies operating in the Global Angiographic Catheters Market.

Angiographic Catheters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)