Angiography Catheters Market: Diagnostic of Heart

Thu, 02 May 2019 11:51

Increasing number of cardiovascular disease worldwide, growing elderly population and demand for minimally invasive therapy is pushing the demand of angiography catheters worldwide. Moreover, unhealthy lifestyle and increase in healthcare expenditure to reduce the burden of chronic diseases around the world are increasing the demand of cardiac procedures. Adoption of augmented reality has also made it easier to perform these critical surgeries. For instance, NovaRad and TeraRecon have already commercialized similar augmented reality technology to aid in the visualization of the patient and allows surgeons to find the exact locations in the underlying tissue.

Segmental Insights

The global angiography catheters market is segmented by product type, application, and end users.

By product, the market is segmented into conventional catheters, scoring balloon catheters, drug-eluting balloon (DEB) catheters, cutting balloon catheters and others.

By application, the angiographic catheters market is segmented into coronary, endovascular, neurology, oncology, and others. The coronary segment is grow at the fastest CAGR and this growth can be attributed to rising aging population and high prevalence of cardiovascular disease.

Based on end users, the market is segmented into hospitals, ambulatory surgical centers and specialty clinics. Hospitals segment can hold the largest market share as they provide better facilities and treatment.

Regional Insights

North America is projected to lead the global angiography catheters market during the forecast period 2019–2026. The growth can be attributed to an increase in the number of cardiovascular patients, high research and development investment for better technologies and favorable reimbursement policies.

 

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Europe is likely to emerge as the second largest market globally. Presence of a huge patient population suffering from various diseases improved healthcare infrastructure in the region.

The Asia Pacific is expected to witness significant growth in the forecast period. Availability of low-cost products, affordable treatment and increasing medical tourism in the region are attributing to the growth of the market in the region.

Latin America and the Middle East & Africa is expected to attain substantial growth owing to constant development, increasing awareness about medical facilities and increasing healthcare infrastructure.