The global angiographic catheters market is expected to reach USD 1,402.8 million by 2022 from USD 980.9 million in 2017, at a CAGR of 7.4%. Factors driving the growth of this market include the increasing burden of coronary artery diseases, the aging population & age-related diseases such as cardiovascular disease and demand for angiographic catheters for the diagnosis of arterial blockages.
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In this report, the market has been segmented by application, and region.
On the basis of application, the angiographic catheters market is categorized into coronary, endovascular, neurology, oncology, and others. The coronary segment holds the largest share and is expected to register the highest growth during the forecast period. Growth in this market can be attributed to the increasing incidence of coronary arterial disease and usage of angiographic catheters for the diagnosis of arterial blockages mainly in developing countries such as India, China, and Brazil.
The angiographic catheters market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Europe holds the largest share of the market owing to the large patient population and stringent guidelines regarding the use of angiographic catheters. The increasing demand for these catheters in endovascular and neurology applications is also supporting the growth of the market. Asia Pacific is expected to register the highest growth rate due to the heavy burden of coronary artery diseases and growth in the demand for angiographic catheters for diagnosis. For instance, according to the National Interventional Council (NIC), in India, the number of coronary angioplasties performed has increased by 42% in 2015 compared to 2014, which is in proportion with the incidence of coronary artery diseases in the country.
Given the immense opportunities in the various applications of angiographic catheters, market leaders and emerging players are increasingly focusing on research and development and opening new centers in emerging economies in order to expand their geopgraphic presence and increase revenue.
