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The global angiography catheter market size was valued at USD 1.51 billion in 2023, driven by the rising number of technological development activities across the globe. The market size is anticipated to grow at a CAGR of 7.6% during the forecast period of 2024-2032 to achieve a value of USD 2.91 billion by 2032.
An angiography catheter uses a catheter, x-ray imaging guidance, and an injection of contrast material to examine blood vessels in major areas of the body for abnormalities such as aneurysms, and diseases such as atherosclerosis (plaque). With the use of a catheter, it is possible to combine diagnosis and treatment in one procedure. Catheter angiography produces detailed, specific, and accurate pictures of the blood vessels and helps determine treatment options.
In catheter angiography, a thin plastic tube, called a catheter, is inserted into a blood vessel through a small incision in the skin. Once the catheter is guided to the area being observed, the technologist injects a contrast material through the catheter and captures images using a small dose of ionizing radiation (x-rays). This procedure is used to identify abnormalities, such as aneurysms in the aorta, in both, chest and abdomen, or in other arteries. It is also used to detect atherosclerotic (plaque) disease in the carotid artery of the neck, which can potentially result in blockage of blood flow to the brain and cause a stroke. Additionally, Itit is also used to identify an arteriovenous malformation in the body, among various other uses.
The growth of the global market is majorly driven by the increasing geriatric population across the globe. Along with the geriatric population, the increasing prevalence of cardiovascular diseases is also driving the market growth. The increasing adoption of a sedentary lifestyle among people, especially young adults, is a major factor driving the growth of the market. It is estimated that nearly 4 in every 5 CVD deaths occur in low- and middle-income countries. The increasing cardiovascular health issues are concentrated in high-income countries, further a major trend influencing theaiding the global angiography catheter market growth.
The increasing initiatives by agencies like the Food and Drug Administration FDA to ensure the quality and efficacy of the new developments, set to come to the market are acceptable and follow the manufacturing guidelines. For example, the FDA has recently announced the issuance of the latest guidance document to be considered by the manufacturers about taking care of the guidelines while submitting their new innovations for approvals which will result in improved quality of catheters in the market. Such initiatives are expected to directly support the market growth. The increasing technological advancements are also set to drive the market growth. For example, there are 15 angiography catheter devices in several stages of development across the globe, according to GlobalData’s medical device pipeline database. Such developments are increasing aiding the market demand directly.
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Market Breakup by End User
Market Breakup by Region
The growth of the market is majorly driven by the continuously increasing preference for minimally invasive surgeries across the globe. People are now becoming more aware of minimally invasive surgical procedures which as a result is increasing the demand in the market. The increasing number of pcath labs in the market due to the increasing research and development is also contributing to the market growth. The increasing incidence of cardiovascular diseases across the globe is also greatly contributing to the global angiography catheter market growth.
The increasing initiatives and investments by the key players to develop more flexible, feasible, and cost-effective equipment to reduce healthcare expenditures and improve the quality of patient outcomes is expected to further intensify the market growth duringfor the forecast period. The iIncreasing burden of coronary arterial disease and increasing approvals of new and innovative products in the market areis also expected to anticipateaid the market demand in the coming years.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 1.51 billion in 2023, driven by the increasing research and development.
The market is anticipated to grow at a CAGR of 7.6% during the forecast period of 2024-2032, and is likely to reach a market value of USD 2.91 billion by 2032.
The increasing prevalence of CVDs cardiovascular diseases across the globe and increasing preference for minimally invasive procedures are among the major factors driving the market growth.
The increasing and continuous technological development of new and innovative angiography catheters is a major trend influencing the market growth.
There are several types of angiography catheters in the market such as conventional catheters, drug-eluting balloon catheters, cutting balloon catheters, and scoring balloon catheters.
They find huge applications in coronary, endovascular, neurology, oncology, and others.
End users in the market include hospitals, ambulatory surgical centers, cardiac centers, and specialty clinics.
Key players involved in the market are Medtronic, Boston Scientific Corporation, Terumo Medical Corporation, Cardinal Health, Abbott, B. Braun Melsungen AG, BIOTRONIK SE & Co KG, ZOLL Medical Corporation, Cordis Corporation, OSCOR, Inc., Terumo Europe NV, iVascular, and Teleflex Incorporated.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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