New York, NY, Feb. 01, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Angiographic Catheters Market by Application (Coronary, Endovascular, Neurology, Oncology, and Others) and by End-User (Hospitals, Cardiac Centers, Brain Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global angiographic catheters market was valued at approximately USD 1,066 million in 2018 and is expected to generate around USD 1,780 million by 2025, at a CAGR of around 7.6% between 2019 and 2025.
Catheters are pipes that are used to transfer fluids to or from a blood vessel or an anatomical cavity. Angiographic catheters are used in angiographic procedures where the fluid is transited from blood vessels. These catheters are primarily used to inject the media that helps to clearly view the vascular system. Healthcare service providers generally use angiographic catheters to detect issues in the arteries, identify aneurysms, or steer the interventional radiologists.
Browse through 37 Tables & 24 Figures spread over 110 Pages and in-depth TOC on “Global Angiographic Catheters Market Size & Share 2018: Industry Type, Applications, Growth, Segments, Analysis and Forecast, 2025”.
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The rise in the occurrences of cardiovascular diseases due to rapidly changing lifestyles and the prevalence of various disorders are likely to fuel the angiographic catheters market globally over the estimated timeframe. Favorable government initiatives, the introduction of technologically advanced products, and growing awareness about angiographic catheters are other factors that are likely to drive the angiographic catheters market globally in the years ahead. According to OECD, PCI occupied around 80% of the overall coronary revascularization procedures in 2013 in Europe and the share is anticipated to increase in the future. However, the complications associated with the use of angiographic catheters might obstruct the angiographic catheters market on a global scale.
The global angiographic catheters market is divided on the basis of application and end-user. By application, the global angiographic catheters market is segmented into neurology, coronary, oncology, endovascular, and others. The coronary segment is anticipated to dominate the angiographic catheters market globally over the estimated time period, owing to the rising technological developments in the treatment of cardiovascular diseases and the growing prevalence of cardiovascular disease among the people across the world. By end-user, this global market includes hospitals, brain centers, cardiac centers, and others. In 2017, hospitals dominated the global angiographic catheters market. This can be due to the presence of a large patient pool, the use of technologically advanced products in hospitals, the availability of advanced infrastructure, and better healthcare facilities provided to patients.
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By region, Europe is anticipated to dominate the global angiographic catheters market over the forecast timeline. This can be attributed to the increasing occurrences of cardiovascular diseases and the presence of developed infrastructure for the treatment of various diseases. As per the WHO (World Health Organization), about 50% of the deaths that occur in Europe are due to cardiovascular disorders. This rise in the occurrences of cardiovascular diseases due to rapidly changing lifestyles and the prevalence of various disorders are likely to fuel the angiographic catheters market globally over the estimated timeframe. Favorable government initiatives, the introduction of technologically advanced products, and growing awareness about angiographic catheters are other factors that are likely to drive the European angiographic catheters market in the years ahead.
The North American angiographic catheters market is anticipated to show steady growth in the future, owing to the rising geriatric population that is prone to cardiovascular diseases, the presence of reputed market players in the region, and the use of technologically advanced products.
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The Asia Pacific region is expected to show the highest CAGR over the estimated timeframe. This can be attributed to the high prevalence of cardiovascular diseases and favorable government initiatives for the introduction of technologically advanced procedures. According to the Global Burden of Disease study, it is estimated that the CVD death rate among the population is approximately 272 per 1,00, 000 people in India, which is comparatively higher than the global average of about 235 per 1,00, 000 population. This high rate in the countries of Asia Pacific is anticipated to further fuel the growth of the angiographic catheters market in the years ahead. The robust healthcare infrastructure and increasing medical tourism due to low treatment cost are some other factors that are likely to fuel the Asia Pacific market.
Latin American and the Middle Eastern and African markets are anticipated to exhibit a slow growth over the forecast time period, owing to the growing healthcare infrastructure, rising awareness about angiographic catheters, increasing prevalence of cardiovascular diseases due to lifestyle changes, and the introduction of technologically advanced products.
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Some key players of the global angiographic catheters market are Medtronic, Terumo Medical, Merit Medical, Boston Scientific, Cardinal Health, Angiodynamics, Inc., Becton, Dickinson and Company, B. Braun Melsungen AG, Alvimedica Medical Devices Inc., and Cook Medical LLC.
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This report segments the global angiographic catheters market into:
Global Angiographic Catheters Market: Application Analysis
Global Angiographic Catheters Market: End-User Analysis
- Cardiac Centers
- Brain Centers
Global Angiographic Catheters Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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