Global Angiography Catheters Market 2017-2021: Market Research and Forecasts by Technavio

Technavio has announced the release of their 'Global Angiography Catheters Market 2017-2021' report. (Graphic: Business Wire)

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LONDON--()--The global angiography catheters market is expected to grow at a CAGR of more than 4% during the forecast period, according to Technavio’s latest market research.

In this market research report, Technavio covers the market outlook and growth prospects of the global angiography catheters market for 2017-2021. The market is further categorized into four product segments, including conventional catheter, deb catheter, cutting balloon catheter, and scoring balloon catheter. Conventional catheters accounted for more than 73% of the market share in 2016.

“Increase in the number of people aged 60 and above and individuals with diabetes and obesity will lead to a rise in demand for angiography catheters. This has led vendors to develop and use advanced technologies for producing angioplasty balloons, which in turn, have led to the adoption of minimally invasive procedures for angioplasty. This will increase the demand for next-generation balloon catheters,” says Srinivas Sashidhar, a lead cardiovascular devices research expert from Technavio.

Technavio’s healthcare and life sciences research analysts segment the global angiography catheters market into the following regions:

  • Americas
  • EMEA
  • APAC

Angiography catheters market in Americas

In 2016, the Americas was the leading contributor to the market, with the US being the major revenue generator. The incidence of cardiac vascular diseases (CVDs) is on the rise, and is emerging as the leading cause of death in the region. To assess the complexity of these diseases, physicians perform angiography by using angiography catheters and imaging devices such as PET angiography, coronary CT angiography, and X-ray scan. Thus, the increase in the number of angiographies will lead to the growth of the market during the forecast period.

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Angiography catheters market in EMEA

Europe represents the largest market for angioplasty balloon devices in EMEA. The government supports people undergoing coronary angioplasty through reimbursement, which is increasing the adoption of angioplasty balloons. Countries such as the UK, France, and Germany are focusing on patient care, which has led to a rise in sales of coronary stents and angiography catheters such as angioplasty balloon catheters.

MEA is still underpenetrated for these devices. In 2015, a research study estimated that more than 50,000 people in South Africa need coronary angioplasty. However, many people are unaware of the products available or avoid using them due to the high price of stents.

Angiography catheters market in APAC

The incidence of CVDs is on the rise in APAC. The region is densely populated, and also has many developing countries that are undergoing urbanization and economic development. This has increased the disposable income of people, leading to lifestyle changes leading to obesity and diabetes which in turn can trigger CVDs.

“Vendors are using advanced technologies to develop innovative products to treat the cases of CVDs. Improvement in healthcare infrastructure has allowed medical facilities to adopt these advanced systems for disease treatment. Increase in public awareness about these procedures and associated benefits will increase its adoption among people,” says Srinivas.

The top vendors in the global angiography catheters market as highlighted in this market research analysis are:

  • Boston Scientific
  • C. R. Bard
  • Medtronic

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com