PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300759
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300759
Global Angiographic Catheters Market is valued approximately at USD 1.41 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.74% over the forecast period 2023-2030. Angiographic catheters are medical devices used in interventional radiology and cardiology procedures to visualize and diagnose blood vessel abnormalities. They are flexible tubes inserted into blood vessels and guided to specific locations within the body using fluoroscopic imaging. Angiographic catheters are typically made of a thin, flexible material such as polyurethane or nylon. They have a hollow lumen that allows the injection of contrast dye into the blood vessels. By injecting the dye and taking X-ray images, doctors can visualize the blood vessels and identify any blockages, narrowing, or abnormalities. The key factor driving the market growth is rising incidence of cardiovascular diseases, increasing demand for minimally invasive procedures, and technological advancement angiographic catheters that is anticipated to support the market growth during forecast period.
Moreover, the rising incidence of cardiovascular diseases plays a significant role in supporting the growth of the Angiographic Catheters Market. Angiographic catheters are medical devices used in minimally invasive procedures to diagnose and treat cardiovascular conditions, particularly those affecting the arteries and veins. Thus, the rising prevalence cardiovascular diseases is anticipated to support the market growth. According to the American Heart Association, cardiovascular diseases are projected around 17.3 million deaths globally every year. And the cases are estimated to rise about 23.6 million by 2030. In addition, in March 2021, the United States government provides a fund of around USD 1,844 billion i.e., which is about 8.8 percent of the total GDP towards public health improvement President Trump signed approximately USD 868 billion for the relief of coronavirus. Accordingly, these factors are propelling the market demand across North America. Additionally, rise in in R&D activities and increasing number of government initiatives to spread awareness among people is anticipated to create the lucrative opportunity for the market during forecast period. However, the high cost of angiographic catheters and complications associated with angiographic catheters stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Angiographic Catheters Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing prevalence of cardiovascular diseases and a growing geriatric population are expected to boost the market's growth rate. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as favorable reimbursement policies in the region. Additionally, the market's growth rate in this area will be boosted by the loose regulatory environment in many nations and increased import from the largest number of participants.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable