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.
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.
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.
Market Breakup by Product Type
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
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.
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:
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product Type||
|Breakup by Application||
|Breakup by End User||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Diagnostic Catheter Market Overview
3.1 Global Diagnostic Catheter Market Historical Value (2017-2023)
3.2 Global Diagnostic Catheter Market Forecast Value (2024-2032)
4 Global Diagnostic Catheter Market Landscape
4.1 Global Diagnostic Catheter Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Diagnostic Catheter Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Application
5 Global Diagnostic Catheter Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Diagnostic Catheter Market Segmentation
6.1 Global Diagnostic Catheter Market by Product Type
6.1.1 Market Overview
6.1.2 Non-Imaging Diagnostic Catheter
22.214.171.124 Pressure and Hemodynamic Monitoring Catheters
126.96.36.199 Temperature Monitoring Catheters
6.1.3 Diagnostic Imaging Catheter
188.8.131.52 Angiography Catheters
184.108.40.206 Electrophysiology Catheters
220.127.116.11 Ultrasound Catheters
18.104.22.168 Optical Coherence Tomography (OCT) Catheters
6.2 Global Diagnostic Catheter Market by Application
6.2.1 Market Overview
6.3 Global Diagnostic Catheter Market by End User
6.3.1 Market Overview
6.3.3 Specialty Clinics
6.3.4 Home Healthcare
6.4 Global Diagnostic Catheter Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Diagnostic Catheter Market
7.1 Market Share by Country
7.2 United States of America
8 Europe Diagnostic Catheter Market
8.1 Market Share by Country
8.2 United Kingdom
9 Asia Pacific Diagnostic Catheter Market
9.1 Market Share by Country
10 Latin America Diagnostic Catheter Market
10.1 Market Share by Country
11 Middle East and Africa Diagnostic Catheter Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.5 South Africa
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
17 Supplier Landscape
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.3 Koninklijke Philips N.V.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.4 Cardinal Health
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.6 B. Braun Melsungen AG
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.7 Terumo Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.9 Teleflex Incorporated
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.11 ConvaTec Group PLC
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.12 MicroPort Scientific Corporation
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.13 Meril Life Sciences Pvt.Ltd.
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
18 Global Diagnostic Catheter Market - Distribution Model (Additional Insight)
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
*Additional insights provided are customisable as per client requirements.
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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