According to new market research report, angiographic catheters market is expected to reach USD 1,402.8 million by 2022 from USD 922.1 million in 2016 and, at a CAGR of 7.4%. The base year for this study is 2016 and the forecast period is 2017–2022. Increasing number of Cath labs in APAC, incidences of CVDs and preference for minimally invasive surgeries are few of the reasons for the growth of this market.
Top-down and bottom-up approaches were used to estimate and validate the size of the market and various other dependent submarkets. The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation—by application and region) through percentage splits from secondary and primary research. The bottom-up approach was also implemented (wherever applicable) for data extracted from secondary research to validate the market segment revenues obtained.
This report categorizes the global angiographic catheters market into the following segments:
Angiographic Catheters Market, By Application
- Coronary
- Endovascular
- Neurology
- Oncology
- Other Applications (lungs, urology, and gastroenterology)
Angiographic Catheters Market, By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
By application, the market is segmented into coronary, endovascular, neurology, oncology, and other applications. The coronary segment accounted for the largest share of the market in 2017. Factors driving the growth of this segment include the growing incidence of cardiovascular diseases and demand for catheters for angiography procedures. According to OECD, in 2013, PCI contributed around 80% of the total coronary revascularization procedures in Europe and it is anticipated to increase in future.
The global market is dominated by Europe, followed by Asia Pacific. Europe will continue to dominate the market during the forecast period mainly due to the presence of large patient population. However, Asia Pacific is expected to witness the highest CAGR. Factors such as the increasing burden of coronary arterial disease and focus of major players in emerging Asia Pacific countries are driving the growth of the market in this region.
Know more in detail analysis of Angiographic Catheters Market by Application (Coronary, Endovascular, Neurology and Oncology), Geography (North America, Europe, Asia Pacific and Row), End-User Analysis (Reusage Scenario, Purchase Pattern) and Competitive Scenario – Global Forecast to 2022.
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