Report Details

Global Cardiac Catheter Market Size, Share, Forecast Report, 2020-2027

The global cardiac catheter market is projected to grow modestly, at a CAGR of around 7.4% during the forecast period. The cardiovascular catheter industry is growing at a significant rate due to the increasing incidence of heart diseases and other cardiovascular problems. Rising in the adoption of minimally invasive procedures with better medical imaging, the presence of a large number of dominating market players and increasing use of biosensors are some other factors offering growth to the global cardiac catheter market. However, factors such as expensive cardiac catheterization procedures are estimated to create hindrance in the adoption of sensor-enabled catheters across the globe. The higher cost of the catheterization is the major concern in the emerging economies or the economies having lower income, such as India, Indonesia among others. Besides, the growing demand for interventional cardiac catheterization and technological advancements & innovations in sensor technology are promising ample opportunities to the global cardiac catheters market.

Geographically, the global cardiac catheter market is further classified into North America, Europe, Asia-Pacific, and Rest of the World. North America is anticipated to have a significant market share in the global cardiac catheter market. Rising geriatric population and the increasing prevalence of CVD are some of the prime factors that offer the market growth in the region. According to the American Heart Society, in 2017, CVDs are the cause of around 800 thousand mortalities in the US. Heart disease is the leading cause of mortality across the globe and the US, around 370,000 Americans lose their lives every year. Moreover, Asia-Pacific is estimated to have considerable growth during the forecast period. The rising geriatric population and associated prevalence of the chronic disease in them continue to spur the demand for catheterization in healthcare centers, hospitals, and surgical units. CVDs are the leading cause of mortality in India. A quarter of all mortality is attributable to CVD in India.

The global cardiac catheter market is influenced by product development and advancements conducted by the market players. The key players in the market include Medtronic PLC, Boston Scientific Corp., Edwards Lifesciences Corp., Biosense Webster, Inc. (Johnson & Johnson Services, Inc.), and Abbott Laboratories. These players are playing a significant role in the growth of the cardiac catheter market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.

Research Methodology

The market study of the global cardiac catheter market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include

Financial reports of companies involved in the market

Whitepapers, research-papers, and news blogs

Company websites and their product catalogue

The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.