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:
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
Browse Related Reports:
- Global Angiography Devices Market 2017-2021
- Global Vascular Closure Devices Market 2016-2020
- Global Hemodialysis Catheter Market 2017-2021
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