Diagnostic Catheters Market
Diagnostic Catheters Market By Product (Diagnostic Imaging Catheters, Diagnostic Non-imaging Catheters), By Application (Diagnostic Catheters in Cardiology, Urology, Neurology & Gastroenterology, By Region - Global Insights to 2031
Analysis of Diagnostic Catheters market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Diagnostic Catheters Market Outlook (2016 to 2031)
The global diagnostic catheters market size was valued at US$ 3.6 Billion in 2020, and is projected to reach US$ 6 Billion by 2031, at a 10-year compound annual growth rate (CAGR) exceeding 6% from 2021 to 2031.
The diagnostic catheters market is being pushed by numerous factors such as increase in the prevalence of chronic disorders, rise in geriatric population, growing demand for number of minimally invasive surgeries, and rising occurrences of kidney and cardiovascular disorders.
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Key Points Covered in Diagnostic Catheters Industry Survey:
- Market Estimates and Forecasts (2016 to 2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- COVID-19 Impact on Sales of Diagnostic Catheters and How to Navigate
- Recommendation on Key Winning Strategies
Sales Analysis of Diagnostic Catheters from 2016 to 2020 Vs. Future Market Outlook for 2021 to 2031
The global diagnostic catheters market flourished at a CAGR of around 5.3% from 2016 to 2020, reaching a valuation of US$ 3.6 Bn in the year 2020.
Catheters are flexible tubes used in numerous medical procedures such as neurosurgery, angioplasty, and cardiac electrophysiology. Diagnostic catheters are hollow plastic tubes of 2-3 mm diameter that are inserted into the veins or arteries of the neck, leg, or arm under local anaesthesia. They can be used to measure blood pressure in the chambers of the heart, collect blood samples, and perform angiographies.
Increasing cases of cardiovascular disorders, growing technological developments in the imaging catheters, and increasing imaging and diagnostic centres will likely accelerate the growth of the market across the forecast period.
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What are Some Lucrative Growth Opportunities for Diagnostic Catheter Suppliers?
Demand for diagnostic catheters is quite high owing to their localization and mapping capabilities. Companies are coming up with latest technologies so as to drive revenue of the said market through higher sales. Emphasis on the introduction of cost-effective product lines depends on the requirement of end users.
With rapidly growing demand for diagnostic catheters from the medical industry and continual technological developments in the product line of diagnostic catheters, the market is expected to grow creating lucrative opportunities for manufacturers.
How are Technological Advancements in Diagnostic Catheters Propelling Market Growth?
On the technological front, significant advancements are being made to improve the detection, sensitivity, and specificity of instruments, consequently improving spatial resolution, image contrast, and overall image quality.
Efforts are also being made to develop catheters with advanced technologies and new designs to cater to the need for greater accuracy in minimally invasive diagnostic procedures.
Several new and advanced technologies are being explored for clinical diagnostics and preclinical research. These technological advancements will further propel the market growth over the analysis period.
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What is Adversely Affecting the Sales of Diagnostic Catheters?
Medical waste is a big environmental concern hence, many countries are launching various measures to reduce the amount of medical waste. One of those initiatives is promoting the use of reusable diagnostic catheters for medical procedures and research purposes.
However, due to this, the demand for the new diagnostic catheters has dropped significantly affecting the revenue of the market. Furthermore, the adoption of reusable diagnostic catheters is also proliferating for cost-efficiency purposes, restricting the market growth.
Which Region is Expected to Offer Lucrative Opportunities for Manufacturers of Diagnostic Catheters?
The growth of the said market in the region of North America is attributed to the increase in the occurrences of cardiovascular disorders, rise in the number of imaging and diagnostic centres, and augmented consciousness about minimally invasive techniques.
The market in Asia Pacific is expected to rise at a fast pace owing to the rise in the number of cases pertaining to catheters associated infections and cardiovascular disorders.
The said market in Latin America and Middle East & Africa is anticipated to experience moderate growth over the period of forecast owing to slow adoption of latest technologies in these regions.
Country-wise Analysis
How is High Prevalence of Chronic Diseases Shaping Demand for Diagnostic Catheters in the U.S.?
The U.S. diagnostic catheters market was estimated at US$ 982 Mn in the year 2020.
Due to increasing incidence of chronic diseases in the country, demand for diagnostic catheters is on the rise, and is expected to maintain an upward trend across the assessment period.
How are Technological Advancements in Imaging Catheters Nudging Sales in China?
In China, the market is forecasted to reach a projected size of US$ 1.2 Bn by the year 2031.
High demand for diagnostic catheters is attributable to growth in the number of minimally invasive surgical procedures, technological advancements in imaging catheters, rapid growth in the geriatric population, and growing prevalence of cardiovascular diseases in the country.
Category-wise Analysis
Why is Demand for Imaging Catheters on the Rise?
The imaging catheters segment holds the largest market share. These diagnostic catheters are useful in performing various diagnostic procedures using different imaging techniques.
Increasing number of patients with various health disorders is levelling up the growth rate of the segment in the market.
Why is Demand for Diagnostic Catheters in Cardiology High?
The cardiology segment is accountable for the largest market share during the forecast period based on application.
Cardiology is the application where diagnostic catheters are used for the diagnostic of various disorders. The increasing incidence of cardiovascular diseases drives the cardiac catheter segment, and rising pulmonary disorders worldwide are expected to nudge the demand further over coming years.
Why is There Growing Preference for Optical Coherence Tomography (OCT) Imaging Catheters?
Optical coherence tomography (OCT) has revolutionized the medical imaging industry and has extended its applications in disease diagnosis and imaging of various cellular and molecular processes in vivo.
Successful application of OCT imaging in diagnostic areas such as cardiology has resulted in greater adoption of OCT imaging catheters by doctors for various diagnostic indications.
The resolution limits of coronary angiography, along with the need for greater precision during percutaneous interventions, has resulted in increased demand for high-resolution intracoronary imaging techniques such as OCT.
Competitive Landscape
The global diagnostic catheters market is a highly competitive. Competitiveness is mostly based on technological differentiation of various products offered by major market players in the diagnostic catheters market.
Technological aspects of products and brand loyalty are key criteria of consideration for buyers. These factors have boosted innovation in the industry and intensified rivalry among players.
Amid intense competition in the market, major market players are increasingly focusing on expanding their geographic presence into the high-growth emerging markets and strengthening their technological competitiveness in the market by acquiring smaller players that have the desired technological capabilities or geographic presence.
Some of the key developments are:
- In October 2015, Cardinal Health, Inc. acquired Johnson & Johnson's (U.S.) Cordis business, a global player in the cardiovascular and endovascular devices market. The acquisition enhanced Cardinal Health's portfolio of diagnostic catheters used in cardiology and endovascular applications, helping Cardinal Health to strengthen its position in the global market, specifically in the cardiovascular area.
- In February 2015, Royal Philips (U.S.), a part of Koninklijke Philips N.V., acquired Volcano Corporation (U.S.), a global leader in intravascular imaging for coronary and peripheral therapeutic devices. This acquisition has helped the company to become a leading systems integrator in the fast-growing image-guided MIS market.
- In October 2013, St. Jude Medical launched OCT-assisted system for coronary imaging in the U.S. This system uses St. Jude’s Dragonfly Duo Imaging catheter to capture near-infrared light. This launch has enhanced the company’s portfolio for advanced diagnostic catheters in the US market.
Diagnostic Catheters Market Report Scope
Report Attributes | Details |
---|---|
Market size value in 2020 | USD 3.6 Billion |
Market forecast value in 2031 | USD 6 Billion |
Growth Rate | CAGR of 6% from 2021 to 2031 |
Forecast Period | 2021 to 2031 |
Historical Data Available for | 2016 to 2020 |
Market Analysis | US$ Mn for Value & ‘000 Units for Volume |
Key Regions Covered | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Key Countries Covered | USA, Canada, Germany, France, the UK, Russia, Italy, China, Japan, South Korea, India, Australia, Middle East, Latin America |
Key Market Segments Covered | Product, Application, Region |
Key Companies Profiled | Terumo Corporation; St. Jude Medical; Boston Scientific Corporation; Koninklijke Philips N.V.; C. R. Bard; Johnson & Johnson; Medtronic; Edward Lifesciences Corporation; B. Braun Melsungen AG; Cardinal Health |
Pricing | Available upon Request |
Key Segments Covered in Diagnostic Catheters Industry Research
-
By Product :
- Diagnostic Imaging Catheters
- Diagnostic Ultrasound Catheters
- Diagnostic Angiography Catheters
- Diagnostic Electrophysiology Catheters
- Diagnostic OCT Catheters
- Diagnostic Non-imaging Catheters
- Temperature Monitoring Catheters
- Pressure & Hemodynamic Monitoring Catheters
- Diagnostic Imaging Catheters
-
By Application :
- Diagnostic Catheters in Cardiology
- Diagnostic Catheters in Urology
- Diagnostic Catheters in Neurology
- Diagnostic Catheters in Gastroenterology
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2016 to 2020 and Forecast, 2021 to 2031
- 9. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Product
- 9.1. Imaging
- 9.2. Non-imaging
- 10. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Application
- 10.1. Cardiology
- 10.2. Urology
- 10.3. Neurology
- 10.4. Gastroenterology
- 11. Global Market Analysis 2016 to 2020 and Forecast 2021 to 2031, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 13. Latin America Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 14. Europe Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 15. South Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 16. East Asia Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 17. Oceania Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 18. Middle East and Africa Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 19. Key and Emerging Countries Market Analysis 2016 to 2020 and Forecast 2021 to 2031
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Terumo Corporation
- 21.2. St. Jude Medical
- 21.3. Boston Scientific Corporation
- 21.4. Koninklijke Philips N.V.
- 21.5. C. R. Bard
- 21.6. Johnson & Johnson
- 21.7. Medtronic
- 21.8. Edward Lifesciences Corporation
- 21.9. B. Braun Melsungen AG
- 21.10. Cardinal Health
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2016 to 2020 and Forecast 2021 to 2031, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2016 to 2031, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2016 to 2020
Figure 02: Global Market Volume Forecast (in 000' Units), 2021 to 2031
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2020
Figure 05: Global Market Value Analysis (US$ Mn), 2016 to 2020
Figure 06: Global Market Value Forecast (US$ Mn), 2021 to 2031
Figure 07: Global Market Absolute $ Opportunity, 2021 to 2031
Figure 08: Global Market Share Analysis (%), By Product, 2021 to 2031
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2021 to 2031
Figure 10: Global Market Attractiveness Analysis by Product, 2021 to 2031
Figure 11: Global Market Share Analysis (%), By Application, 2021 to 2031
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2021 to 2031
Figure 13: Global Market Attractiveness Analysis by Application, 2021 to 2031
Figure 14: Global Market Share Analysis (%), By Region, 2021 to 2031
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2021 to 2031
Figure 16: Global Market Attractiveness Analysis by Region, 2021 to 2031
Figure 17: North America Market Value Share, By Product, 2021 (E)
Figure 18: North America Market Value Share, By Application, 2021 (E)
Figure 19: North America Market Value Share, By Country, 2021 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 21: North America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 22: North America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 23: North America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 24: North America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 25: Latin America Market Value Share, By Product, 2021 (E)
Figure 26: Latin America Market Value Share, By Application, 2021 (E)
Figure 27: Latin America Market Value Share, By Country, 2021 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2016 to 2020
Figure 29: Latin America Market Value Forecast (US$ Mn), 2021 to 2031
Figure 30: Latin America Market Attractiveness Analysis by Product, 2021 to 2031
Figure 31: Latin America Market Attractiveness Analysis by Application, 2021 to 2031
Figure 32: Latin America Market Attractiveness Analysis by Country, 2021 to 2031
Figure 33: Europe Market Value Share, By Product, 2021 (E)
Figure 34: Europe Market Value Share, By Application, 2021 (E)
Figure 35: Europe Market Value Share, By Country, 2021 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2016 to 2020
Figure 37: Europe Market Value Forecast (US$ Mn), 2021 to 2031
Figure 38: Europe Market Attractiveness Analysis by Product, 2021 to 2031
Figure 39: Europe Market Attractiveness Analysis by Application, 2021 to 2031
Figure 40: Europe Market Attractiveness Analysis by Country, 2021 to 2031
Figure 41: South Asia Market Value Share, By Product, 2021 (E)
Figure 42: South Asia Market Value Share, By Application, 2021 (E)
Figure 43: South Asia Market Value Share, By Country, 2021 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 45: South Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 46: South Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 47: South Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 48: South Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 49: East Asia Market Value Share, By Product, 2021 (E)
Figure 50: East Asia Market Value Share, By Application, 2021 (E)
Figure 51: East Asia Market Value Share, By Country, 2021 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2016 to 2020
Figure 53: East Asia Market Value Forecast (US$ Mn), 2021 to 2031
Figure 54: East Asia Market Attractiveness Analysis by Product, 2021 to 2031
Figure 55: East Asia Market Attractiveness Analysis by Application, 2021 to 2031
Figure 56: East Asia Market Attractiveness Analysis by Country, 2021 to 2031
Figure 57: Oceania Market Value Share, By Product, 2021 (E)
Figure 58: Oceania Market Value Share, By Application, 2021 (E)
Figure 59: Oceania Market Value Share, By Country, 2021 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2016 to 2020
Figure 61: Oceania Market Value Forecast (US$ Mn), 2021 to 2031
Figure 62: Oceania Market Attractiveness Analysis by Product, 2021 to 2031
Figure 63: Oceania Market Attractiveness Analysis by Application, 2021 to 2031
Figure 64: Oceania Market Attractiveness Analysis by Country, 2021 to 2031
Figure 65: Middle East and Africa Market Value Share, By Product, 2021 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2021 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2021 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2016 to 2020
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2021 to 2031
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2021 to 2031
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2021 to 2031
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2021 to 2031
Figure 73: U. S. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 74: U. S. Market Value Share, By Product, 2021 (E)
Figure 75: U. S. Market Value Share, By Application, 2021 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2021 & 2031
Figure 77: Canada Market Value Share, By Product, 2021 (E)
Figure 78: Canada Market Value Share, By Application, 2021 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2021 & 2031
Figure 80: Mexico Market Value Share, By Product, 2021 (E)
Figure 81: Mexico Market Value Share, By Application, 2021 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2021 & 2031
Figure 83: Brazil Market Value Share, By Product, 2021 (E)
Figure 84: Brazil Market Value Share, By Application, 2021 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2021 & 2031
Figure 86: U. K. Market Value Share, By Product, 2021 (E)
Figure 87: U. K. Market Value Share, By Application, 2021 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2021 & 2031
Figure 89: Germany Market Value Share, By Product, 2021 (E)
Figure 90: Germany Market Value Share, By Application, 2021 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2021 & 2031
Figure 92: France Market Value Share, By Product, 2021 (E)
Figure 93: France Market Value Share, By Application, 2021 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2021 & 2031
Figure 95: Italy Market Value Share, By Product, 2021 (E)
Figure 96: Italy Market Value Share, By Application, 2021 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2021 & 2031
Figure 98: Spain Market Value Share, By Product, 2021 (E)
Figure 99: Spain Market Value Share, By Application, 2021 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 101: Russia Market Value Share, By Product, 2021 (E)
Figure 102: Russia Market Value Share, By Application, 2021 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2021 & 2031
Figure 104: China Market Value Share, By Product, 2021 (E)
Figure 105: China Market Value Share, By Application, 2021 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2021 & 2031
Figure 107: Japan Market Value Share, By Product, 2021 (E)
Figure 108: Japan Market Value Share, By Application, 2021 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2021 & 2031
Figure 110: South Korea Market Value Share, By Product, 2021 (E)
Figure 111: South Korea Market Value Share, By Application, 2021 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2021 & 2031
Figure 113: India Market Value Share, By Product, 2021 (E)
Figure 114: India Market Value Share, By Application, 2021 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2021 & 2031
Figure 116: ASEAN Market Value Share, By Product, 2021 (E)
Figure 117: ASEAN Market Value Share, By Application, 2021 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2021 & 2031
Figure 119: Australia Market Value Share, By Product, 2021 (E)
Figure 120: Australia Market Value Share, By Application, 2021 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2021 & 2031
Figure 122: New Zealand Market Value Share, By Product, 2021 (E)
Figure 123: New Zealand Market Value Share, By Application, 2021 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2021 & 2031
Figure 125: GCC Countries Market Value Share, By Product, 2021 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2021 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2021 & 2031
Figure 128: Turkey Market Value Share, By Product, 2021 (E)
Figure 129: Turkey Market Value Share, By Application, 2021 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2021 & 2031
Figure 131: South Africa Market Value Share, By Product, 2021 (E)
Figure 132: South Africa Market Value Share, By Application, 2021 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the projected market size for diagnostic catheters?
The global diagnostic catheters market was valued at US$ 3.6 Bn in 2020, and is anticipated to reach US$ 6 Bn by 2031.
What are the factors driving growth of the market?
Increasing cases of cardiovascular diseases, increasing technological developments in imaging catheters, and growing diagnostic and imaging centres are likely to accelerate growth of the market.
What segments are covered in the market report?
The market is segmented on the basis of product, application, and region.
Which top players are operative in the diagnostic catheters industry?
Major players operating in the market are Terumo Corporation, St. Jude Medical, Boston Scientific Corporation, Koninklijke Philips N.V., C. R. Bard, and Johnson & Johnson.
What is the anticipated growth rate of the market for 2021-2031?
The global market is anticipated to expand at a CAGR of 6% from 2021 to 2031.
Which application of diagnostic catheters is expected to majorly contribute to overall revenue?
Application of diagnostic catheters in cardiology is expected to contribute majorly to revenue across the forecast period.
What are the uses of electrophysiology diagnostic catheters?
Diagnostic electrophysiology (EP) catheters are used for temporary intra-cardiac sensing, recording, stimulation, and mapping.
Who are the top electrophysiology diagnostic catheter manufacturers?
Johnson & Johnson, Abbott Laboratories, Medtronic, and GE Healthcare are top manufacturers of electrophysiology diagnostic catheters.
Why have sales of non-imaging diagnostic catheters increased over the past few years?
Owing to growing demand for non-imaging diagnostic catheters from the hospital industry, sales have increased over the past few years.
What is the expected growth rate of diagnostic EP catheters by 2031?
The diagnostic EP catheters market is expected to expand at a CAGR of 5% through 2031.