Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Diagnostic Catheters Market Outlook

The global diagnostic catheters market size was valued at USD 4.4 billion in 2023, driven by the demand to mitigate the high mortality rate associated with cardiovascular diseases globally. The market is expected to grow at a CAGR of 6.9% during the forecast period of 2024-2032, with the values likely to rise from USD 4.7 billion in 2024 to USD 8 billion by 2032.

Diagnostic Catheters: Introduction

A diagnostic catheter is a thin and flexible tube that penetrates the skin, arteries, or veins to navigate through the heart’s anatomy. It plays a vital role in the evaluation of a patient with a suspected heart disease. It helps with high quality imaging to facilitate a precise treatment for the patient.

With a diagnostic catheter, doctors can assess the presence and severity of a cardiac disease, such as a coronary artery disease, heart valve problems or cardiac muscle dysfunction. It can also be used to measure blood flow, take samples of the tissue, or manipulate stents.

Global Diagnostic Catheters Market Analysis

With an aging population and exhaustive lifestyle, the prevalence of cardiovascular diseases has increased over the years. About 20.5 million  people died from a cardiovascular condition in 2021, accounting for one third of all global deaths. To mitigate the mortality number, continuous research in the treatment and diagnostic field has been prominent.

A diagnostic catheter provides a precise point to action for doctors to work on. Nowadays, minimally invasive surgeries are preferred as they are less painful and have a lower risk of infection. Hence, there has been an influx of such devices in the market. Recently, Biotronik  has announced the launch of a multifunctional peripheral catheter “Oscar” intended for dilation of stenotic segments in peripheral vessels, which intends that the diagnostic catheters market value is anticipated to rise as well.

With a vision to collate healthcare and technology, industry pioneers have been engaging in merger acquisitions as well. Philips acquired a French medical device company called Cardiologs , that focuses on providing cardiac care solutions with the help of artificial technology and cloud technology. Such partnerships are a positive indicator of diagnostic catheters market growth in the future.

Global Diagnostic Catheters Market Segmentation

Market Breakup by Product Type

  • Non-Imaging Diagnostic Catheter
  • Pressure and Hemodynamic Monitoring Catheters
  • Temperature Monitoring Catheters
  • Others
  • Diagnostic Imaging Catheter
  • Angiography Catheters
  • Electrophysiology Catheters
  • Ultrasound Catheters
  • Optical Coherence Tomography (OCT) Catheters
  • Others

Market Breakup by Application

  • Cardiology 
  • Urology 
  • Gastroenterology 
  • Neurology 
  • Others

Market Breakup by End User

  • Hospitals 
  • Specialty Clinics 
  • Home Healthcare 
  • Others

Market Breakup by Region

  • North America  
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East and Africa

Global Diagnostic Catheters Market Overview

High income countries, like the United States, have observed the fastest decline in cardiac disease related deaths in the historical period. This is a marker of a well-established medical system in the region. Yet, cardiovascular diseases are still a leading cause of deaths globally. This is because 4 out of 5 cardiovascular deaths occur in low-income countries.

Central Europe, Eastern Europe, and the central Asian region face the highest number of cardiovascular deaths across the globe. Therefore, it can be predicted that, in the coming years, cardiac procedures are likely to grow in the territory. The central Asian region holds a big portion of geriatric population, as a result, the prevalence of cardiac diseases is already high in the region.  Therefore, the diagnostic catheters market demand may see a rapid growth in the European and Asian region in the coming years.

Global Diagnostic Catheters Market: Competitor Landscape

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:

  • Medtronic
  • Siemens 
  • Koninklijke Philips N.V. 
  • Cardinal Health 
  • BD 
  • B. Braun Melsungen AG 
  • Terumo Corporation 
  • Hollister
  • Teleflex Incorporated 
  • Stryker 
  • ConvaTec Group PLC 
  • MicroPort Scientific Corporation 
  • Meril Life Sciences Pvt.Ltd.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • End User
  • Region
Breakup by Product Type
  • Non-Imaging Diagnostic Catheter
  • Diagnostic Imaging Catheter
Breakup by Application
  • Cardiology 
  • Urology 
  • Gastroenterology 
  • Neurology 
  • Others
Breakup by End User
  • Hospitals 
  • Specialty Clinics 
  • Home Healthcare 
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Medtronic
  • Siemens 
  • Koninklijke Philips N.V. 
  • Cardinal Health 
  • BD 
  • B. Braun Melsungen AG 
  • Terumo Corporation 
  • Hollister
  • Teleflex Incorporated 
  • Stryker 
  • ConvaTec Group PLC 
  • MicroPort Scientific Corporation 
  • Meril Life Sciences Pvt.Ltd.

*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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Key Questions Answered in the Report

The market attained a value of about USD 4.4 billion in 2023, driven by the emphasis on reducing the number of cardiac disease deaths.

The market is anticipated to grow at a CAGR of 6.9% during the forecast period of 2024-2032, likely to reach a market value of USD 8 billion by 2032.

The increasing prevalence of cardiovascular diseases is among the major factors driving the market demand. The significant shift towards minimally invasive procedures is also among the major factors driving the market growth.

The increasing collaborations between companies to develop artificial intelligence driven, minimally invasive and precise cardiac diagnostic medical devices are among major trends influencing the market growth.

Diagnostic catheters are divided into two broad categories. First is a non-imaging diagnostic catheter that is further segmented into pressure and hemodynamic monitoring catheters and temperature monitoring catheters, among others. Second category is a diagnostic imaging catheter that consists of angiography, electrophysiology, ultrasound, and optical coherence tomography (OCT), among other catheters.

A diagnostic catheter is applied in cardiology, urology, gastroenterology, neurology, and other procedures.

The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.

The end users in the market include hospitals, speciality clinics, and home healthcare, among others.

Key players involved in the market are Medtronic, Siemens, Koninklijke Philips N.V., Cardinal Health, BD, B. Braun Melsungen AG, Terumo Corporation, Hollister, Teleflex Incorporated, Stryker, ConvaTec Group PLC, Meril Life Sciences Pvt.Ltd., and MicroPort Scientific Corporation.

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