The Angiographic Catheters Market is being driven by Rapidly increasing CVD cases
The Angiographic Catheters Market is expected to grow at a CAGR of 7.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 694.1 million. In the global medical equipment sector, the angiographic catheters market holds significant growth potential in emerging economies. By 2025, it is projected that over 30% of worldwide healthcare expenditures will originate from developing nations. Operating margins in this industry subsector are notably higher in these markets compared to established economies. This is primarily due to the burgeoning, affluent middle class, which is eager to access top-tier healthcare services that historically have been underprovided by governments. Medical device companies capitalize on the advantageous production and labor costs in emerging markets, generating substantial returns for investors.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on End-user (Hospitals, Clinics, ASCs) Geography (North America, Europe, Asia, Rest of World (ROW)).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Angiographic Catheters Market Research Report
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The Angiographic Catheters Market encompasses diagnostic and therapeutic catheters used in cardiology for diagnosing and treating various cardiovascular conditions, including those caused by diabetes, unhealthy lifestyles, and chronic diseases like hypertension and vascular syndrome. These catheters employ imaging technology with radiopaque substances and therapeutic compounds to navigate the circulatory system, particularly in the heart and blood vessels, during procedures such as coronary angiography and hemodynamic lab tests. Minimally invasive procedures like catheterization are increasingly popular due to their nonsurgical nature and benefits for the elderly population. The market includes guide wires, imaging technology, therapeutic agents, and radiopaque media. Ecommerce and logistics services facilitate the distribution of these essential tools for cardiology and cardiac diseases. Additionally, vasopressin injection is used in some therapeutic applications.
The Angiographic Catheters Market is a significant segment of the global healthcare equipment industry, focusing on the production of diagnostic and therapeutic catheters for the cardiovascular system. This market is driven by the rising prevalence of cardiovascular diseases, including diabetes, unhealthy lifestyles, hypertension, obesity, and tobacco consumption. The market also benefits from the increasing number of heart surgeries and minimally invasive procedures. Technavio, a leading global technology research and consulting firm, classifies this market within the broader healthcare equipment sector. The healthcare equipment market encompasses manufacturers of capital equipment, instruments, implants, accessories, and consumables used for disease diagnosis, monitoring, and treatment. The Angiographic Catheters Market specifically focuses on diagnostic catheters infused with radiopaque substances and therapeutic compounds for improved imaging and treatment efficacy. The market's growth is fueled by the increasing demand for minimally invasive surgeries and the need for advanced, differentiated, and clinically tested devices in the cardiovascular therapy area.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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