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Deflectable Catheters Market By Type (Bi-Directional, Uni-Directional and Multi-Directional), By End User (Hospitals, Catheterization Labs and Ambulatory Surgical Centers) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

Industry Outlook

The deflectable catheters market is set to reach from US$ 1,564.9 Mn in 2018 to US$ 2,246.6 Mn by 2027 at a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2019 to 2027. Rising public health awareness and technological advancement in the development of deflectable catheters for its application as diagnostic and medical interventional device determines the deflectable catheters market growth during the forecast period. 

Market Synopsis 

Deflectable Catheters Market

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"Increasing demand for minimally invasive diagnostic procedures and excellent ergonomic features increases the popularity of bi-directional catheters"

Bi-directional catheters are dominating the type segment for deflectable catheters market. Increasing demand for minimally invasive diagnostic procedures and excellent ergonomic features such as enhanced lateral flexibility, column strength and upgraded outward radial pressure is useful in increasing stability and tissue contact results in increasing demand for bi-directional catheters. Multi-directional and steerable catheters are gaining prominence among surgeons on account of its ability to create mapping of complex arrhythmias, electrophysiology, ablation and vessel access and delivery.

Deflectable Catheters Market

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"Improved patient care and cost-effective healthcare services together drive the hospitals market growth"

Hospitals are spearheading the end user segment for deflectable catheters market. The major features contributing towards its positive market growth are improved patients care and availability of cost effective healthcare services. Catheterization labs will be showcasing promising growth during the forecast period owing to the availabity of skilled workforce and installation of state of the art medical instruments and diagnostic equipments.

Deflectable Catheters Market

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"Rising prevalence of cardiac complication and favorable reimbursement scenario propel the market growth in North America region"

North America is currently leading the regional segment for deflectable catheters market accounting for a share of 35.5%. The primary features propelling the deflectable catheters market growth in the region are rising prevalence of cardiac complications. As per the latest statistics brought forward by the Center for Disease Control and Prevention (CDC), approximately 610,000 people die annually due to cardiovascular complication in the United States, which is equivalent to 1 in 4 deaths. Favorable reimbursement scenario further bolsters the deflectable catheters market growth in North America region. Europe holds 30.4% market share owing to the implementation of effective treatment guidelines pertaining to cardiovascular complications. Strategic collaboration between academic research institutes and medical device companies in manufacturing deflectable catheters for its application in diagnostic imaging drives the market growth in European Union region. Representing a share of 17.5%, Asia Pacific will grow at a rampant pace during the forecast period on account of supportive regulatory environment provided by local healthcare agencies for deflectable catheters market growth. Significant rise in medical tourism will further accelerate the market growth.

Deflectable Catheters Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2019 to 2027.

Deflectable Catheters Market

Report Scope by Segments

The market segmentation comprises of by type, end-user and geography. 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 By Type (2017–2027; US$ Mn)
 • Bi-Directional
 • Uni-Directional
 • Multi-Directional

 By End User (2017–2027; US$ Mn)
 • Hospitals
 • Catheterization Labs
 • Ambulatory Surgical Centers

 Geography Segment (2017–2027; US$ Mn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

Medical device manufacturers producing deflectable catheters are Abbott Laboratories, Inc., Boston Scientific Corporation, BioCardia, Inc., Biomerics, CathRx Ltd., Dynaflex, Biosense Webster (Johnson & Johnson), Merit Medical Systems, Inc., Medtronic, Plc. and Teleflex Incorporated.

Key questions answered in this report

  • Which are the prominent players competing in the deflectable catheters market?
  • What are the organic and inorganic market growth strategies adopted for market assessment of deflectable catheters market?
  • Why is bi-directional deflectable catheter popular among surgeons worldwide?
  • What will the market performance of catheterization labs during the forecast period?
  • What market growth strategies will be adopted by developing region such as Asia Pacific and Latin America to propel the deflectable catheters market growth in their regions?
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Jul 2019
Category:  Medical Devices
Report ID:   59798
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
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