Global Diagnostic Catheters Market 2017-2021
About Diagnostic Catheters
Diagnostic catheter is a thin flexible tube that is inserted into the target site, be it veins, arteries, or uterine cavity for the diagnostic purpose. It also allows injection of radio-opaque dye to the target site for the interventional diagnostic purpose. Diagnostic catheters are used for different conditions related to neurology, cardiology, urology, gastroenterology, and pulmonary or reproductive health. Diagnostic catheters are most commonly used in angiographic procedures. They are used for the diagnosis of various cardiovascular diseases (CVDs), especially cardiac arrhythmias. Cardiac arrhythmia is mainly of three types: atrial fibrillation, atrial flutter, and supraventricular tachycardia. Atrial fibrillation is one of the most common types of cardiac arrhythmia prevalent among the population globally. The diagnostic catheter delivers a radiopaque media or a therapeutic agent to the target site in the vascular system. It also leads a guidewire or a catheter to the target site.
Technavio’s analysts forecast the global diagnostic catheters market to grow at a CAGR of 5.30% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global diagnostic catheters market for 2017-2021. To calculate the market size, the report considers the total sales volume and the revenue generated from it.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Diagnostic Catheters Market 2017-2021
Technavio recognizes the following companies as the key players in the global diagnostic catheters market: Abbott, Boston Scientific, Cook Medical, and Medtronic
Other Prominent Vendors in the market are: AngioDynamics, B. Braun Melsungen, Biosense Webster, Biosensors International, BIOTRONIK, C. R. Bard, Cardinal Health, ENDOCOR, Meril Life Sciences, MicroPort Scientific, Stryker, and Terumo.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Development of advanced catheters. Recent advances in steerable catheters and the launch of robot-assisted catheters increase the efficiency of the diagnostic professionals and improve the safety of the procedures. It also saves the operator from the radiation source and increases the precision and stability of the catheter in motion with an added degree of freedom. Research is being carried out recently for more widespread acceptance of robotically-assisted endovascular technologies.”
According to the report, one of the major drivers for this market is Increasing prevalence of CVDs. According to the CDC report in 2016, deaths due to heart diseases increased by 3% between 2011 and 2014. The major reasons for increasing heart-related problems are changing lifestyle and daily habits, which include smoking, physical inactivity, unhealthy diet, increasing body weight, and high blood pressure and blood sugar levels. These factors lead to hypertension, obesity, and blockage of arteries. According to the CDC report in 2015, more than one-third of the US adults have obesity, which, in turn, leads to conditions like heart disease, stroke, and type 2 diabetes.
Further, the report states that one of the major factors hindering the growth of this market is Shortage of diagnostic professionals . Shortage of qualified diagnostic professionals has been a long-standing problem in the healthcare industry globally. As the older population and health insurance coverage increase, the demand for healthcare services and qualified diagnostic professionals also increases. For instance, the demand for diagnostic professionals in the fast-growing economies such as India, China, Brazil, and South Africa is expected to increase in the near future. The least-developed countries still have a huge shortage of diagnostic professionals.
Abbott, Boston Scientific, Cook Medical, Medtronic, AngioDynamics, B. Braun Melsungen, Biosense Webster, Biosensors International, BIOTRONIK, C. R. Bard, Cardinal Health, ENDOCOR, Meril Life Sciences, MicroPort Scientific, Stryker, and Terumo.
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