Cardiac catheterization can be defined as a procedure to test the functioning of the heart and is used to diagnose and treat cardiovascular conditions. The global cardiac catheterization market is majorly driven by increasing number of technologically advanced devices, increasing number of regulatory approvals, rising geriatric population, abuse of alcohol, the high prevalence of cardiac diseases such as ventricular fibrillation, ventricular tachycardia, and cardiac arrhythmias, and growing penetration of key market players.
The cardiac catheterization market is expected to register a CAGR of 9.2% during the forecast period.
Furthermore, the increasing awareness of healthcare, favorable reimbursement policies, increasing innovations in research and development of medical devices, as well as rising average income of individuals are fueling the market growth. However, factors such as the high cost of surgical procedures and catheters as well as side effects associated with catheters are likely to hinder the growth of the market. Lack of proper healthcare infrastructure, as well as awareness regarding diseases such as cardiac arrhythmia and tachycardia in middle-income countries, are major challenges to market growth.
Global Cardiac Catheterization Market - Competitive Analysis
The global market consist of players such as Boston Scientific Corporation (US), Coloplast (Denmark), Dispocard GmbH (Germany), Becton, Dickinson and Company (US), St. Jude Medical (US), Abbott (US), Johnson & Johnson Private Limited (US), Teleflex Incorporated (US)., Smiths Medical (US), Edwards Life Sciences Corporation (US), Medtronic Inc (US), Rochester Medical Corporation (U.S), Maquet Medical India Private Limited (India), Terumo Medical Corporation (Japan), and others. These are some of the prominent players at the forefront of competition in the global cardiac catheterization market.
Market Segmentation
The global cardiac catheterization market is segmented on the basis of procedures, types, applications, and end-users.
On account of procedures, the market is segmented into coronary angioplasty, balloon septostomy, catheter ablation, bipolar pacing, left heart catheterization, right heart catheterization, and others.
On the basis of type, the market is segmented into coronary angiogram, fractional flow reserve, intravascular ultrasound, and optical coherence tomography.
On the basis of application, the market is segmented into a heart attack, abnormal stress test, coronary vasospasm, cardiac arrhythmia, and others.
On the basis of end-users, the market is segmented into hospitals and clinics and others.
Market Segmentation
Global Cardiac Catheterization Market, by Procedures
- Coronary Angioplasty
- Balloon Septostomy
- Catheter Ablation
- Bipolar Pacing
- Left Heart Catheterization
- Right Heart Catheterization
- Other
Global Cardiac Catheterization Market, by Types
- Coronary Angiogram
- Fractional Flow Reserve
- Intravascular Ultrasound
- Optical Coherence Tomography
Global Cardiac Catheterization Market, by Application
- Heart Attack
- Abnormal Stress Test
- Coronary Vasospasm
- Cardiac Arrhythmia
- Other
- Global Cardiac Catheterization Market, by End-Users
- Hospitals & Clinics
- Others
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