Angiographic Catheters Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

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 report offers the value (in USD million) for the above segments.

Angiographic Catheters Market Size

Angiographic Catheters Market Size
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
CAGR 6.70 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Need a report that reflects how COVID-19 has impacted this market and its growth?

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 Market Trends

This section covers the major market trends shaping the Angiographic Catheters Market according to our research experts:

Hospital is Expected to Hold Significant Market Share in the End User Segment

The hospital segment is expected to dominate the overall angiographic catheter market. The factors attributing to the dominance of this segment are enhanced healthcare infrastructure, availability of skilled labor, and affordability. The rise in patient pool, owing to substantial growth in the geriatric population suffering from lifestyle diseases, such as atherosclerosis and heart failure, is expected to enhance revenue generations of the hospitals.

Similarly, with the rising burden of diseases caused by unhealthy lifestyles such as obesity, being overweight is expected to drive the growth of the market. The article published by A-ManisaBiotech in 2020 states that more than 2 billion adults, 18 years and older were overweight across the world. Of these, over 650 million were obese in the world. Moreover, compared to conventional surgeries, the benefits of minimally invasive surgeries such as reduced surgical pain, injury, scarring, hospital stay, higher accuracy, and speedy recovery time are encouraging more patients to opt for minimally invasive surgeries, which is expected to boost the market growth.

Number of Deaths due to Cardiovascular diseases (Millions), In United States, by Year

North America Dominates the Market and Expected to do Same in the Forecast Period

North America holds the majority share of the market due to the high disease burden, access to modern healthcare infrastructure, high penetration of technological advancements, and favorable reimbursement policies for cardiac diseases.

The high investment in the healthcare sector and active collaboration between academic research centers, government agencies, CROs, and other stakeholders are accelerating the introduction of new products in the market. For instance, the article titled" Spending on Cardiovascular disease and cardiovascular risk factors in the United States" published in April 2021 mentioned that the United States adult cardiovascular spending increased by more than USD 100 million in the past ten years.

Additionally, the report titled ' the number of older people will hit the United States economy like a 'brick'- US trade Secretary', published in April 2021, about 16.5% of the United States population, or 54 million, over the age of 65 by 2020. By 2030, that number will rise to 74 million. The number of people over the age of 85, who are at risk of developing heart disease in the country, is expected to increase significantly. Such an increase in the elderly population leads to the rising demand for the angiographic catheter market. It can lead to an increase in the pool of patients, who are suffering from Cardiovascular disease.

Angiographic Catheters Market - Growth Rate by Region

Angiographic Catheters Industry Overview

The global Angiographic Catheters market is highly competitive and consists of a few major players. Companies like AngioDynamics, Boston Scientific Corporation, Cook Medical, Cordis, Medtronic, Merit Medical Systems, Inc., Oscor Inc., Terumo Interventional Systems, among others, hold the substantial market share in the Angiographic Catheters market.

Angiographic Catheters Market Leaders

  1. AngioDynamics

  2. Cook Medical

  3. Medtronic

  4. Merit Medical Systems, Inc.

  5. Terumo Interventional Systems

*Disclaimer: Major Players sorted in no particular order

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Angiographic Catheters Market News

  • In Febraury 2022, Teleflex received Food and Drug Adminstration clearence for expanded indication for speciality catheter and coronary guidewire use in crossing chronic total occlusion percutaneous coronary interventions. 
  • In July 2021, Philips announced the first minimally-invasice heart procedure using its real time 3D intracardiac echocardiography catheter.

Angiographic Catheters Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidence of Cardiovascular Diseases

      2. 4.2.2 Rise in Demand for Minimally Invasive Procedures

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Angiographic Procedures

      2. 4.3.2 Complications Associated with Angiographic Catheters

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

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

    1. 5.1 By Application

      1. 5.1.1 Coronary

      2. 5.1.2 Endovascular

      3. 5.1.3 Others

    2. 5.2 By End User

      1. 5.2.1 Hospital

      2. 5.2.2 Ambulatory Surgical Centers

      3. 5.2.3 Specialty Clinics

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 AngioDynamics

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Cook Medical

      4. 6.1.4 Cordis, a Cardinal Health company

      5. 6.1.5 Medtronic

      6. 6.1.6 Merit Medical Systems, Inc.

      7. 6.1.7 Oscor Inc.

      8. 6.1.8 Terumo Interventional Systems

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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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Angiographic Catheters Market Research FAQs

The Global Angiographic Catheters Market is projected to register a CAGR of 6.7% during the forecast period (2023-2028).

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

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Global Angiographic Catheters Market.

Global Angiographic Catheters Industry Report

Statistics for the 2023 Global Angiographic Catheters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Angiographic Catheters analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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