Global Cardiac Guidewire and Catheters Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Cardiac Guidewire And Catheters Market By Product Type (Coronary Balloons, Diagnostic Catheters, Aspiration Catheters, Guide catheter), By End User (Hospitals, Ambulatory Surgical Centers, Cardiac Centers), and Geography

 

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Description

 global Cardiac Guidewire and Catheters Market size was valued at USD 12.14 billion in 2020 and is expected to expand at a compound annual growth rate CAGR of 7.5% from 2021 to 2027. Cardiovascular diseases are one of the leading diseases worldwide. According to Center for Disease Control and Prevention, about 610,000 die every year because of heart diseases in the United States alone. Cardiac guidewires and catheters are used to diagnosis and prevention of the cardiac diseases and process are known as cardiac catheterization. Catheters are usually hallowed flexible tube that can be inserted into a body cavity, duct or vessel. Catheters allow injecting fluids, distend a passageway for surgical instruments. Guide wires are stainless steel or metallic alloys that guide the cardiac catheter for placement. The Cardiac Guidewire and Catheters Market expected to grow at significant rate owing to increase in the prevalence of cardiovascular diseases. According to CDC, heart disease is the leading cause of death for both men and women. More than half of the deaths caused due to heart disease in 2009 were in men. In addition, factors such as, increase in awareness about different cardio devices, less traumatic surgical experience, reduced hospital stay, and faster recovery are expected to boost the global cardiac guidewire and catheters market over the forecast period. However, high cost, lack of experienced healthcare professionals, and recent product recalls are hindering the cardiac guide wire and catheters market. Global cardiac guidewire and catheters market is expected to grow at a notable rate during the forecast period owing to increased tobacco usage and lifestyle changes such as intake of high-fat food. According to Centers for Diseases Control and Prevention, (CDC) secondhand smoke causes nearly 34,000 early deaths from coronary artery disease each year in the United States among the non-smokers. The market competition is expected to grow higher with the rise in technological innovation and mergers and acquisition activities. Moreover, many local and regional vendors are offering specific application products for varied end-users. For instance, in December 2014, Abbott laboratories acquired, an electrophysiology technology company Topera, Inc., by this acquisition enabled Abbott entered into catheter-based electrophysiology market. In March 2017, U.S. Food and Drug Administration (FDA) approved Abbott’s new sensor-enabled FlexAbility ablation catheter, designed to work with EnSite Precision cardiac mapping system and MediGuide Technology to safely treat atrial flutter (condition similar to atrial fibrillation) and heart rhythm disorder.

 


Global Cardiac Guidewire and Catheters Market

MARKET SUMMARY
-
7.5%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 7.5%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Cardiac Guidewire And Catheters Market

  • Global Cardiac guidewire and catheters market has been segmented based on product and end-user
  • The demand for cardiac catheters and guidewires is increasing as the prevalence of cardiovascular diseases (CVDs) rises, reimbursement policies for coronary intervention procedures become more attractive, the global incidence of diabetes rises, and new product lines enter the market.
  • Over the last three decades, cardiovascular illnesses have become one of the leading causes of death and morbidity around the world.
  • The principal cardiovascular disorders that affect people all around the world are coronary artery disease, arrhythmias, peripheral vascular disease, and congenital heart problems.
  • Cardiac catheters and guidewires are commonly used to treat these conditions. Doctors, for example, advocate the catheter-based interventional technique for the treatment of coronary artery disease.
  • A cardiac catheter is used in this treatment to unblock blocked coronary arteries, allowing more blood to circulate to the heart.
Market Key Players
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Maquet
  • Medtronic
  • LivaNova PLC
  • Terumo Medical Corporation
  • Johnson & Johnson Services
  • Biotronik
  • Cordis Corporation

 

Drivers and Restrains

Cardiac Guidewire And Catheters Market

Large patient pools, increased government funding, and improved healthcare facilities are some of the primary driving forces for the cardiac catheters and guidewires market in emerging countries. The ageing population, rising frequency of heart disorders, and technological advancements are driving the global cardiac catheters and guidewires market. Other factors driving the global cardiac catheters and guidewires market include government initiatives and improved reimbursement scenarios. However, the global cardiac catheters and guidewires market is restrained by factors such as high costs and a scarcity of qualified specialists. Furthermore, the global market for cardiac catheters and guidewires is constrained by a poor reimbursement scenario.


North-America Got Significant Share

Cardiac Guidewire and Catheters Market

The geographically global cardiovascular guidewire and catheters market segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America expected to have major market for cardiac guidewire and catheters market owing to increase in demand for less invasive techniques, a prevalence of the cardiovascular diseases, and awareness about the cardiac diseases. Europe market is expected to grow at significant rate owing to increase in cardiac disease prevalence rates. Asia-Pacific region is expected to grow at faster rates due to developing healthcare infrastructure and increase in healthcare spending in the region. Countries such as India and China create significant opportunity for cardiac guide wire and catheters market manufacturers owing to increase in cardiovascular disease conditions, a surge in diagnostic and treatment procedures for cardiovascular diseases in the Asia-Pacific market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Cardiac Guidewire and Catheters Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

1. Executive Summary
2. Global Cardiac Guide wire and Catheters Market Introduction
2.1. Global Cardiac Guide wire and Catheters Market – Taxonomy
2.2. Global Cardiac Guide wire and Catheters Market –Definitions
2.2.1. Product
2.2.2. End User
3. Global Cardiac Guide wire and Catheters Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Cardiac Guide wire and Catheters Market Dynamic Factors – Impact Analysis
3.6. Global Cardiac Guide wire and Catheters Market – Regulations
3.6.1. U.S.
3.6.2. Europe
3.7. Global Cardiac Guide wire and Catheters Market –Trends
4. Global Cardiac Guide wire and Catheters Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024
4.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Cardiac Guide wire and Catheters Market , By Product, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
5.1. Coronary Balloons
5.1.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Diagnostic Catheters
5.2.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Aspiration Catheters
5.3.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Guide Catheter
5.4.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Cardiac Guide wire and Catheters Market Forecast, By End User, 2013 – 2017 and Forecast, 2018 – 2024
6.1. Hospitals
6.1.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Ambulatory Surgical Centers
6.2.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Cardiac Centers
6.3.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Cardiac Guide wire and Catheters Market Forecast, By Region, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Cardiac Guide wire and Catheters Market – Opportunity Analysis Index, By Product, By End Use and Region, 2018 – 2024
8. North America Cardiac Guide wire and Catheters Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
8.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Coronary Balloons
8.1.2. Diagnostic Catheters
8.1.3. Aspiration Catheters
8.1.4. Guide Catheter
8.2. End User Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Hospitals
8.2.2. Ambulatory Surgical Centers
8.2.3. Cardiac Centres
8.3. Country Analysis 2016 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. U.S.
8.3.2. Canada
8.4. North America Cardiac Guide wire and Catheters Market – Opportunity Analysis Index, By Product, By End Use and Country, 2018 – 2024
8.5. North America Cardiac Guide wire and Catheters Market Dynamics – Trends
9. Europe Cardiac Guide wire and Catheters Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
9.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Coronary Balloons
9.1.2. Diagnostic Catheters
9.1.3. Aspiration Catheters
9.1.4. Guide Catheter
9.2. End User Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Hospitals
9.2.2. Ambulatory Surgical Centers
9.2.3. Cardiac Centres
9.3. Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Poland
9.3.8. Rest of Europe
9.4. Europe Cardiac Guide wire and Catheters Market – Opportunity Analysis Index, By Product, By End Use and Country, 2018 – 2024
9.5. Europe Cardiac Guide wire and Catheters Market Dynamics – Trends
10. Asia-Pacific Cardiac Guide wire and Catheters Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
10.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Coronary Balloons
10.1.2. Diagnostic Catheters
10.1.3. Aspiration Catheters
10.1.4. Guide Catheter
10.2. End User Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Hospitals
10.2.2. Ambulatory Surgical Centers
10.2.3. Cardiac Centres
10.3. Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Cardiac Guide wire and Catheters Market – Opportunity Analysis Index, By Product, By End Use and Country, 2018 – 2024
10.5. Asia-Pacific Cardiac Guide wire and Catheters Market Dynamics – Trends
11. Latin America Cardiac Guide wire and Catheters Market Analysis, 2012 – 2012 – 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
11.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Coronary Balloons
11.1.2. Diagnostic Catheters
11.1.3. Aspiration Catheters
11.1.4. Guide Catheter
11.2. End User Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Hospitals
11.2.2. Ambulatory Surgical Centers
11.2.3. Cardiac Centres
11.3. Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Venezuela
11.3.5. Rest of Latin America
11.4. Latin America Cardiac Guide wire and Catheters Market – Opportunity Analysis Index, By Product, By End Use and Country, 2018 – 2024
11.5. Latin America Cardiac Guide wire and Catheters Market Dynamics – Trends
12. Middle East and Africa Cardiac Guide wire and Catheters Market Analysis, 2013 – 2017 and Forecast, 2018 – 2024 (Revenue, USD Mn)
12.1. Product Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Coronary Balloons
12.1.2. Diagnostic Catheters
12.1.3. Aspiration Catheters
12.1.4. Guide Catheter
12.2. End User Type Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Hospitals
12.2.2. Ambulatory Surgical Centers
12.2.3. Cardiac Centres
12.3. Country Analysis 2013 – 2017 and Forecast 2018 – 2024 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Cardiac Guide wire and Catheters Market – Opportunity Analysis Index, By Product, By End Use and Country, 2018 – 2024
12.5. MEA Cardiac Guide wire and Catheters Market Dynamics – Trends
13. Competition Landscape
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Abbott Laboratories (U.S)
13.2.2. Boston Scientific Corporation (U.S)
13.2.3. Maquet (Germany)
13.2.4. Medtronic (U.S)
13.2.5. LivaNova PLC. (U.K)
13.2.6. Terumo Medical Corporation (Japan)
13.2.7. Johnson & Johnson Services Inc., (US)
13.2.8. Biotronik (Germany)
13.2.9. Cordis Corporation (U.S)
14. Research Methodology
15. Key Assumptions and Acronyms


Report

Company Profile

  • Abbott Laboratories
  • Boston Scientific Corporation
  • Maquet
  • Medtronic
  • LivaNova PLC
  • Terumo Medical Corporation
  • Johnson & Johnson Services
  • Biotronik
  • Cordis Corporation

Description

 global Cardiac Guidewire and Catheters Market size was valued at USD 12.14 billion in 2020 and is expected to expand at a compound annual growth rate CAGR of 7.5% from 2021 to 2027. Cardiovascular diseases are one of the leading diseases worldwide. According to Center for Disease Control and Prevention, about 610,000 die every year because of heart diseases in the United States alone. Cardiac guidewires and catheters are used to diagnosis and prevention of the cardiac diseases and process are known as cardiac catheterization. Catheters are usually hallowed flexible tube that can be inserted into a body cavity, duct or vessel. Catheters allow injecting fluids, distend a passageway for surgical instruments. Guide wires are stainless steel or metallic alloys that guide the cardiac catheter for placement. The Cardiac Guidewire and Catheters Market expected to grow at significant rate owing to increase in the prevalence of cardiovascular diseases. According to CDC, heart disease is the leading cause of death for both men and women. More than half of the deaths caused due to heart disease in 2009 were in men. In addition, factors such as, increase in awareness about different cardio devices, less traumatic surgical experience, reduced hospital stay, and faster recovery are expected to boost the global cardiac guidewire and catheters market over the forecast period. However, high cost, lack of experienced healthcare professionals, and recent product recalls are hindering the cardiac guide wire and catheters market. Global cardiac guidewire and catheters market is expected to grow at a notable rate during the forecast period owing to increased tobacco usage and lifestyle changes such as intake of high-fat food. According to Centers for Diseases Control and Prevention, (CDC) secondhand smoke causes nearly 34,000 early deaths from coronary artery disease each year in the United States among the non-smokers. The market competition is expected to grow higher with the rise in technological innovation and mergers and acquisition activities. Moreover, many local and regional vendors are offering specific application products for varied end-users. For instance, in December 2014, Abbott laboratories acquired, an electrophysiology technology company Topera, Inc., by this acquisition enabled Abbott entered into catheter-based electrophysiology market. In March 2017, U.S. Food and Drug Administration (FDA) approved Abbott’s new sensor-enabled FlexAbility ablation catheter, designed to work with EnSite Precision cardiac mapping system and MediGuide Technology to safely treat atrial flutter (condition similar to atrial fibrillation) and heart rhythm disorder.

 

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