Global Diagnostic Catheters Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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The diagnostic catheters market size has shown strong growth in recent years, expected to rise from $4.00 billion in 2023 to $4.25 billion in 2024, with a compound annual growth rate (CAGR) of 6.5%. This historic growth is attributed to the rise in cardiovascular diseases, a growing geriatric population, the prevalence of minimally invasive procedures, increasing healthcare expenditures, and the expansion of ambulatory surgery centers. The diagnostic catheters market size is projected to further grow, reaching $5.49 billion in 2028 at a CAGR of 6.6%. The forecast growth is driven by the surge in demand for diagnostic and therapeutic procedures, an increase in imaging and diagnostic centers, favorable regulatory environments, new guideline introductions, and the emphasis on early diagnosis. Significant trends during this period include technological advancements, improved imaging techniques, the emergence of smart catheters, a focus on personalized medicine, and continuous investments in research and development.
The rising prevalence of cardiovascular diseases is projected to propel the growth of the diagnostic catheter market in the forthcoming years. Cardiovascular disease (CVD) comprises a group of disorders that affect the heart and blood vessels, including conditions such as coronary artery disease, heart attacks, and strokes. The increasing incidence of cardiovascular diseases can be attributed to several factors, including unhealthy dietary habits, obesity, stress, urbanization, and socioeconomic influences. Diagnostic catheters are vital for visualizing and assessing the functionality of cardiovascular structures and identifying abnormalities in patients with cardiovascular diseases. For instance, in May 2024, the Centers for Disease Control and Prevention, a U.S. government agency, reported that heart disease resulted in 702,880 deaths in 2022, equivalent to 1 in every 5 fatalities, or one death every 33 seconds. Among these, coronary heart disease was responsible for 371,506 deaths, and approximately 20% of all cardiovascular disease-related deaths occurred among adults younger than 65 years. Consequently, the rising prevalence of cardiovascular diseases is driving growth in the diagnostic catheter market.
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What Are The Key Trends That Influence Diagnostic Catheters Market Share Analysis?
Major companies in the diagnostic catheter market are concentrating on technological advancements, such as TRUEref™ technology, to improve the mapping of complex cardiac arrhythmias. TRUEref technology provides high-precision reference data in imaging and diagnostics, commonly utilized in medical devices for enhanced accuracy. For example, in July 2023, Biosense Webster Inc., a US-based manufacturer specializing in devices for cardiac arrhythmias, launched the OPTRELL Mapping Catheter, designed to deliver high-definition electrophysiological mapping. This catheter is powered by the CARTO 3 System, a high-density diagnostic tool tailored for precise mapping in complex cardiac arrhythmia cases. It features 48 small electrodes arranged in a fixed array, producing high-resolution maps that enhance ablation targeting. This technology improves clinicians’ ability to identify ablation gaps and comprehend arrhythmia mechanisms, ultimately leading to better treatment outcomes for patients.
Which Market Players Are Driving Growth In The Diagnostic Catheters Market?
Major companies operating in the diagnostic catheters market are Cardinal Health Inc., Johnson & Johnson, Abbott Laboratories, Medtronic plc, Koninklijke Philips N.V., Becton Dickinson and Company, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Terumo Corporation, St. Jude Medical Inc., Cook Medical Incorporated, Biotronik SE & Co. KG, AngioDynamics Inc., Cordis Corporation, Alvimedica, Wellinq, Relisys Medical Devices Limited, AdvinHealthcare, Omnia Health LLC
How Is The Global Diagnostic Catheters Market Segmented?
The diagnostic catheters market covered in this report is segmented –
1) By Type: Diagnostic Imaging Catheters , Angiography Catheters, Electrophysiology Catheters, Non-Imaging Diagnostic Catheter, Pressure And Hemodynamic Monitoring Catheters, Temperature Monitoring Catheters, Other Non-Imaging Diagnostic Catheter
2) By Application Area: Cardiology, Urology , Gastroenterology , Neurology , Other Application Areas
3) By End-User: Hospitals, Diagnostic And Imaging Centers
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The Diagnostic Catheters Global Market Report 2024 provides an overview of the diagnostic cathetersmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The diagnostic catheters market forecast analyzes diagnostic catheters market size, diagnostic catheters market share, leading competitor and their market positions.
The Table Of Content For The Diagnostic Catheters Market Include
1. Diagnostic Catheters Market Executive Summary
2. Diagnostic Catheters Market Segments
3. Diagnostic Catheters Market Size And Template Market Growth Rate
4. Key Diagnostic Catheters Market Trends
5. Major Diagnostic Catheters Market Drivers
……
25. Key Mergers And Acquisitions In The Diagnostic Catheters Market
26. Top Diagnostic Catheters Companies
27. Diagnostic Catheters Market Opportunities And Strategies
28. Diagnostic Catheters Market, Conclusions And Recommendations
29. Appendix
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