Wedge Pressure Catheter Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Wedge Pressure Catheter Market is Segmented by Material, Application (Pulmonary Artery, Central Venous, Ventricular, and Others), End-User and Geography

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >6.5 %

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Market Overview

The major factor attributing to the growth of the market is an increasing number of patients diagnosed with cardiovascular diseases and stroke. As per a 2019 report by the American Heart Association, the number of deaths from CVD is expected to increase to more than 23.6 million by 2030, which is expected to drive the demand for surgical procedures. 

Heart Diseases like Coronary Heart Disease, Hypertension, and Stroke are ranked as the highest cause of deaths in the United States. Also, an increase in R&D activities to develop novel technologies to treat various Cardiac disorders and stroke management is expected to witness lucrative growth over the forecast period.

Scope of the Report

As per the scope of the report, Wedge pressure catheters are used to monitor the heart, pulmonary artery pressures (PAP) and pulmonary artery occlusion pressure (PAOP), also known as wedge pressure inorder to estimate the atrial functioning of heart which helps healthcare professionals in planning a proper treatment for the patient.

Material
Polyurethane
Nylon
Others
Application
Pulmonary Artery
Central Venous
Ventricular
Others
End-User
Hospitals
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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Key Market Trends

Pulmonary Artery Segment by Application is Expected to Hold the Largest Market Share

The pulmonary artery segment accounted for the largest revenue share in recent years and expected to do so over the forecast period. This dominance is owing to the increased demand due to the high incidence rate of cardiovascular diseases and the availability of various types of products launched by the key players that are suitable for various disease conditions. Furthermore, owing to the rapid increase in the adoption of wedge pressure catheters for monitoring of arterial pressure is also expected to increase the demand for manufacturers, which will drive the global market.

Cardiovascular global death.png

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

North America is expected to dominate the overall wedge pressure catheters market, throughout the forecast period. The dominance is due to a higher rate of cardiac diseases and disorders, higher adoption of technology, and established healthcare infrastructures which monitor heart pressure to plan the treatment. For instance, according to The American Heart Association, in 2018, nearly 92.1 million individuals in the U.S. suffered from cardiovascular diseases resulted in higher demand for these catheters, which drives the market in the region.

Followed by North America, Europe accounts for the second-highest market revenue due to factors such huge patient pool in the region which generates high demand for treatment, necessitates the requirement of wedge pressure catheters, and availability of skilled medical professionals in the region. Also, government support and initiatives in the medical field is expected to increase the potential for new entrants.

Medical Cannula Market

Competitive Landscape

The wedge pressure catheters market is moderately competitive and consists of several major players. Some of the companies are expanding their market position and while others are adopting various strategies such as acquisitions, mergers, and introducing new products to maintain their market share. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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 Growing Burden of Cardiac Diseases and Stroke Cases

      2. 4.2.2 Growing R&D Activities to Develop Novel Technologies in Cardiac Stroke Management

    3. 4.3 Market Restraints

      1. 4.3.1 Complications Associated with the Wedge Pressure Catheters

      2. 4.3.2 Lack of Skilled Healthcare Professionals in Emerging Markets

    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

    1. 5.1 Material

      1. 5.1.1 Polyurethane

      2. 5.1.2 Nylon

      3. 5.1.3 Others

    2. 5.2 Application

      1. 5.2.1 Pulmonary Artery

      2. 5.2.2 Central Venous

      3. 5.2.3 Ventricular

      4. 5.2.4 Others

    3. 5.3 End-User

      1. 5.3.1 Hospitals

      2. 5.3.2 Specialty Clinics

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United states

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Alpha Medical Instruments LLC

      2. 6.1.2 Advanced Lifesciences Pvt Ltd

      3. 6.1.3 Teleflex Incorporated

      4. 6.1.4 DeRoyal Industries

      5. 6.1.5 ICU Medical Inc

      6. 6.1.6 Nolato AB

      7. 6.1.7 Edwards Lifesciences

      8. 6.1.8 B. Braun Melsungen AG

      9. 6.1.9 Merit Medical Systems Inc.

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

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

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Frequently Asked Questions

The Wedge Pressure Catheter Market market is studied from 2018 - 2026.

The Wedge Pressure Catheter Market is growing at a CAGR of >6.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Alpha Medical Instruments LLC, Advanced Lifesciences Pvt Ltd, Teleflex Incorporated, DeRoyal Industries, ICU Medical Inc are the major companies operating in Wedge Pressure Catheter Market.

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