Global Hydrophilic Angiographic Catheters Market Report 2024: Size, Drivers, And Top Segments
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How is the Hydrophilic Angiographic Catheters Market Expected to Expand from 2024 to 2033?
The hydrophilic angiographic catheters market has seen substantial growth in recent times. It is projected to expand from $11.75 billion in 2023 to $12.60 billion in 2024, with a compound annual growth rate (CAGR) of 7.2%. The significant growth in the past period is due to the increasing occurrence of cardiovascular diseases, a surge in cases of peripheral vascular diseases, a rise in diagnostic and interventional procedures, heightened awareness and early diagnosis, in addition to increasing expenditure on healthcare.
In the forthcoming years, the hydrophilic angiographic catheters market is predicted to witness significant expansion. The market size is projected to hit $16.70 billion by 2028, proliferating at a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this growth during the forecasted period include a rising aging population, an increasing trend towards minimally invasive procedures, amplified diabetic conditions, and augmented financing for cardiovascular studies. The key trends influencing market growth during the forecast period will be technological advancements, expansion into emerging markets, advancements in imaging technology, increased usage in oncology, and an enhanced focus on minimally invasive procedures.
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What Influences Are Propelling the hydrophilic angiographic catheters Market Forward?
The increase in kidney-related conditions is forecasted to drive the growth of the hydrophilic angiographic catheters market. Renal disorders encompass a wide variety of health issues that hinder the kidney’s functionality, such as affecting blood filtration, waste removal, fluid and electrolyte regulation, and blood pressure control. The primary contributors to the escalation of kidney diseases are risk factors such as diabetes, hypertension, and aging. Hydrophilic angiographic catheters are utilized in renal disorders for accurate and seamless navigation during diagnostic and interventional procedures like renal artery angiography and stenting. As per a report from Kidney Research UK, a non-profit organization based in the UK in June 2023, nearly 7.2 million individuals in the UK suffer from chronic kidney disease, accounting for more than 10% of the population. Of this, 3.25 million people are grappling with advanced stages of the disease, while an extra 3.9 million are in the preliminary stages. By 2033, it is predicted that the figure of those affected by chronic kidney disease will increase to 7.61 million. Hence, it can be concluded that the rise in renal disorders is expanding the hydrophilic angiographic catheters market.
What Key Segments Exist Within the Hydrophilic Angiographic Catheters Market?
1) By Type: Selective Type Angiographic Catheters, Non-Selective Type Angiographic Catheters
2) By Application: Heart Disease Treatment, Kidney Disease Treatment, Other Applications
3) By End User: Hospitals, Diagnostic And Imaging Centers, Other End-Users
What Trends Are Coming to the Forefront in the Hydrophilic Angiographic Catheters Market?
In an effort to maintain their market dominance, key players in the hydrophilic angiographic catheters market are investing in the advancement of innovative products, specificially catheters with a range of curve configurations. These are distinct medical devices, crafted with assorted bend or curve shapes to navigate intricate anatomical compositions. To highlight, in January 2024, the US-based Cook Group Incorporated, which makes medical devices, introduced their Slip-Cath Beacon Tip hydrophilic selective catheter in the USA and Canada. Made for application in both vascular and non-vascular angiographic procedures, this catheter is equipped with over 30 different curve configurations and is packaged in a protective foil to guarantee prolonged durability and a shelf life of three years. This cutting-edge technology is designed to improve its performance during procedures and is compatible with vascular access sheaths, wire guides, and various other treatment apparatuses.
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What Regions Are Leading the Charge in the Hydrophilic Angiographic Catheters Market?
Asia-Pacific was the largest region in the hydrophilic angiographic catheters market in 2023. The regions covered in the hydrophilic angiographic catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Hydrophilic Angiographic Catheters Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the hydrophilic angiographic catheters market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Hydrophilic Angiographic Catheters Market Include
1. Hydrophilic Angiographic Catheters Market Executive Summary
2. Hydrophilic Angiographic Catheters Market Segments
3. Hydrophilic Angiographic Catheters Market Size And Template Market Growth Rate
4. Key Hydrophilic Angiographic Catheters Market Trends
5. Major Hydrophilic Angiographic Catheters Market Drivers
……
25. Key Mergers And Acquisitions In The Hydrophilic Angiographic Catheters Market
26. Top Hydrophilic Angiographic Catheters Companies
27. Hydrophilic Angiographic Catheters Market Opportunities And Strategies
28. Hydrophilic Angiographic Catheters Market, Conclusions And Recommendations
29. Appendix
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