Demand for Imaging Diagnostic Catheters to Remain High through 2031, States Fact.MR
Published : 27 Aug 2021 Industry: Healthcare
As per Fact.MR - a market research and competitive intelligence provider, the global market for diagnostic catheters is anticipated to grow 1.7X in value over next 10 years.
Catheters are flexible tubes made of materials such as polyvinyl chloride (PVC), plastic, nylon, and silicon rubber, and are inserted by a narrow opening into a patient's body for diagnostic purposes. Catheters are used in numerous medical procedures such as neurosurgery, angioplasty, and cardiac electrophysiology.
A large number of surgeons perform numerous procedures using diagnostic catheters. An increasing trend for efficient and superior patient diagnosis in hospitals is expected to boost market growth.
The Asia Pacific region is projected to be a leading region in the global diagnostic catheters market. The dominant position in the market is attributed to growing awareness about minimally invasive surgeries and increasing demand for technologically advanced imaging systems.
Key Takeaways from Market Study
- Market expected to expand at CAGR of 6% across assessment period.
- Demand for diagnostic catheters in China to expand at CAGR of 9.5% over analysis period.
- Demand for diagnostic catheters in cardiology will remain high across assessment period.
- Market in Asia Pacific expected to rise at fast pace over next ten years.
- Demand for imaging catheters to remain high across forecast period.
“Increasing cases of cardiovascular diseases is expected to nudge overall sales of diagnostic catheters over the coming years across geographies,” says a Fact.MR analyst.
The global market is dominated by a few major players who hold a high revenue share in this space. The market is set to grow due to rise in the demand for less painful and minimal invasive diagnostic techniques for the detection of chronic diseases across the world.
Leading industry players are set to focus on research & development activities as well as strategic and geographic expansions in order to strengthen their presence across regions of the world.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global diagnostic catheters market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.
The study reveals essential insights on the basis of product (imaging catheters and non-imaging catheters) and application (cardiology, urology, neurology and gastroenterology), across major five regions of the world (North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa).
Fact.MR’s Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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Shambhu Nath Jha
Sr. Consultant - Healthcare