Global Cath Lab Services Market Size (2024 - 2029)

Cath Lab Services Market Analysis

The Global Cath Lab Services Market size is estimated at USD 52.16 billion in 2024, and is expected to reach USD 67.15 billion by 2029, growing at a CAGR of 5.18% during the forecast period (2024-2029).

Several countries were placed on lockdown in the early days of the pandemic, influencing the studied market. Even though the COVID-19 pandemic was far from over, many cath laboratories took control of the harm done to internal quality-assurance procedures and some patient outcomes during the previous two years. For instance, as per the report published by TCTMD in May 2022, cath labs tried to get back on track with quality measures along with increased hospitalizations, identify the areas of weakness, and develop plans to reengage personnel, which is expected to gain growth in the market over the coming years.

Factors driving the market growth include the increasing prevalence of cardiovascular disorders and technological advancements. An increasing patient pool of cardiovascular diseases (CVDs) is one of the prime factors augmenting the growth of the cath lab services market. Sedentary lifestyles, junk food consumption, and mental stress are other key factors associated with developing CVDs. For instance, according to the British Heart Foundation's report published in April 2023, 7.6 million people, 4 million males and 3.6 million females, in the United Kingdom live with heart and circulatory diseases. With the rise in the aging population worldwide, the number of patients suffering from heart disorders is likely to increase, which is a cause for concern. This will lead to increased adoption of cath lab services, thereby expected to drive the growth of the studied market.

Furthermore, establishing new cath labs in various hospitals increases the services, which is expected to significantly impact the market. For instance, in March 2022, Kumaran Hospitals & Rela Institute launched an Artificial Intelligence-based Cath lab in Chennai, India. The Innova IGS 5 with Auto Right, with advanced visualization & multipurpose applications, provides fine image details simultaneously on cross-sections and volume-rendered to help visualize vessels, small devices, and soft tissues. Thus, all the above factors, like the high burden of cardiovascular diseases and new cath lab establishment, increase the demand for cath lab services, likely boosting market growth.

However, the need for proper reimbursement systems with high operating and maintenance costs is expected to hinder the market's growth over the forecast period.

Cath Lab Services Industry Segmentation

As per the scope of the report, a catheterization lab, commonly known as a cath lab, is an examination room in a hospital, clinic, or diagnostic center where several types of tests and procedures like ablation, angiogram, angioplasty, implantation of pacemakers, etc. are performed. The Cath Lab Services Market is segmented by Type of Service (Therapeutics and Diagnostics) 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 market size and forecasts in value (USD) for the above segments.