Market Size of Global Angiographic Catheters Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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.
