A fresh prediction from Fact.The revenue from diagnostic catheters is expected to nearly quadruple by 2031, hitting US$ 6 Bn at a 10-year compound annual growth rate (CAGR) of more than 6%, according to MR, a provider of market research and competitive intelligence. Numerous reasons, including the rising incidence of chronic diseases, the ageing population, the increased desire for less invasive operations, and the growth in kidney and cardiovascular diseases, are driving the global market for diagnostic catheters.
The offer in this section includes a variety of opportunities, such as the ability to manufacture goods and provide retail, wholesale, and exhibiting services. The researchers at Fact.MR have used extensive rounds of both necessary and optional research to arrive at various estimations and projections for the demand for diagnostic catheters on both a global and regional scale.
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Market Players: –
- 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
Competitive Landscape
The global 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.
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
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
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Diagnostic Catheters Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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