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Cardiac Catheters and Guidewires Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Cardiac catheters is device which is widely used in cardiac catheterization, angioplasty, Percutaneous Coronary Intervention (PCI), and other interventional procedures. In the cardiac catheter helps to measuring heart muscle function and also identify the presence of valve disease and coronary artery disease. Cardiac catheter is the initial step for procedures like angioplasty and other interventional procedures. For the treatment of such diseases insertion of the Cardiac catheters and guidewires are commonly used. Catheter-based interventional procedure used for the treatment of coronary artery disease. In this procedure, cardiac catheter is used for opening the blockage of coronary arteries, which rises the blood flow to the heart. Similarly, for the treatment of peripheral vascular diseases angioplasty is mostly recommended by physicians. In this procedure, the cardiac catheter is inserted through the blood vessel to examine the affected artery, which then reopens the artery and flattens the blockage of the artery wall. 

Generally cardiac disorder caused by the diabetes. There are two types of diabetes are occur i.e.,  Type I and Type II out of these Type II diabetes is the most common and around 90.00% of diabetes cases are type II diabetes occurring across the globe. Heart diseases and stroke are caused due to type II diabetes. In 2019, “International Diabetes Federation”, reported that the around 463.0 million adults were suffering from diabetes and 1.1.million adolescents and children suffered from type I diabetes across the globe. Furthermore, adoption of unhealthy lifestyles, such as smoking, physical inactivity, and improper diet, is responsible for diabetes. Cardiac catheterization, angioplasty, and Percutaneous Coronary Intervention (PCI) are some of the major procedures used for the treatment of cardiovascular disease which rises the demand for Cardiac catheters and guidewires procedures. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($USD)

  Segments covered

  Product, End User

  Region covered

North America (U.S. and Canada), Europe (U.K., Germany, France, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Singapore, Malaysia, Russia, New Zealand, Vietnam, Hong Kong), LANTAM (Brazil, Mexico, Argentina, Colombia), Middle East & Africa (South Africa Saudi Arabia, Egypt, UAE)

  Companies covered

Major players analyzed include, Abbott, Boston Scientific Corporation, Getinge AB, Terumo Medical Corporation, Medtronic, Biotronik SE & Co. KG,  Biosense Webster, Inc., Cordis, QXMédical, Teleflex Incorporated, St. Jude Medical Inc.

 

COVID-19 Scenario Analysis:

To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate andcontinuous supply of personal protective equipment in the market. 

The ongoing outbreak of COVID-19 pandemic, affects the cardiac catheters & guidewires market adversely. Due to the temporarily shutting down of industries major market manufacturer and hospitals are losses their business. It affect the supply chain the product and patient also not getting proper treatment. These problem affect the demand which reduces continuously which may hamper the cardiac catheters & guidewires market growth

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis:

Globally, North America dominated the overall cardiac catheters and guidewires market due to the presence of favourable compensation policies, availability of technologically advanced products, and presence of major market players. However, Asia-Pacific is expected to contribute largest growth rate due to the rising geriatric population, increasing incidence of cardiovascular diseases and diabetes and increasing demand for surgeries.  

In 2019, “American Hospital Association”, reported that, around 6,210 hospitals were reported in U.S. out of which 2,968 are nongovernment not-for-profit community hospitals and 972 are state and local government community hospitals. In 2018, “World Heart Federation”, reported that 80.0% of the deaths in developing region are caused due to cardiovascular diseases and around 17.9 million deaths occur globally due to CVDs. the demand for cardiac catheterization, angioplasty, and other interventional procedures, which, in turn, will raise the demand for cardiac catheters. In 2018 “Centers for Disease Control & Prevention (CDC), reported that around 370,000 people die every year in U.S, due to the coronary heart disease is the most common type of cardiovascular disease and around 735,000 Americans to have a heart attack every year. 

The major driving factor that drive the cardiac catheters & guidewires market such as rising demand for minimally invasive procedures, growing ambulatory surgical  and hospitals across the globe, growing prevalence of diabetes which increased cardiovascular diseases, increasing government initiatives, increasing geriatric population, etc. However, factors such as high cost of treatment, lack of experienced professionals, low adoption of advanced healthcare facilities, lack of awareness among people regarding the treatment of cardiac diseases and low healthcare reimbursement facilities in the developing countries, are restraining growth of the global cardiac guidewires market.  The opportunity available for cardiac catheters & guidewires market is developing innovative new products with focus on patient’s comfort and increasing geriatric population. 

New product launches to flourish the market:

Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Leading market players have determined how improved accuracy can be influential in many applications. In 2018, “Boston Scientific Corporation” has launched “iCross Coronary Imaging Catheter”. This cardiac catheter is help to improve the intravascular ultrasound (IVUS) technology. In 2019, “Abbott” has launched “HD grid mapping catheter” in India which help in improving complex cardiac ablation procedure. In 2019, “Getting AB” has launched newest catheter such as “Sensation plus”. This device utilizes the benefits of fiber-optic technology. These benefits translate to faster initiation of therapy, easier patient management, crisp, clean arterial pressure waveform and automatic in vivo calibration.

Key segments covered:

Segments

Sub-segments

  Product

  • Cardiac Catheters (Electrophysiology Catheters, PTCA Balloon Catheters, IVUS Catheters, PTA Balloon Catheters, Others)
  • Cardiac Guidewires

  End User

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers (ASCs)

 

Key benefits of the report:

  • This study presents the analytical depiction of the global cardiac catheters & guidewires market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cardiac catheters & guidewires market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global cardiac catheters & guidewires market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global cardiac catheters & guidewires market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Trauma Care Centers Market research report:

  • Who are the leading market players active in the cardiac catheters & guidewires market?
  • What are the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that will help in taking further strategic steps?
 
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