Home >> Business >> Deflectable Catheters Market Is Expected To Reach US$ 2,246.6 Mn by 2027 | Credence Research

Deflectable Catheters Market Is Expected To Reach US$ 2,246.6 Mn by 2027 | Credence Research

The latest market report published by Credence Research, Inc. “Global 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,” the global deflectable catheters market was valued at US$ 1,564.9 Mn in 2018, and is expected to reach US$ 2,246.6 Mn by 2027, expanding at a CAGR of 4.1% from 2019 to 2027. 

Browse the full report at “Deflectable Catheters Market

Market Insights 

Deflectable catheters are utilized by healthcare professionals owing to its utility as a therapeutic device, delivery system and in navigation of blood vessels and heart tissues under tremendous stress. Increasing demand for minimally invasive cardiovascular surgical procedures and its capability to access different anatomical sites for biopsy studies drives the deflectable catheters market growth. Strategic acquisitions, merger and collaboration among major players will provide a positive impact to the deflectable catheters market growth.

Bi-directional catheters are leading the type segment for deflectable catheters market. Excellent ergonomic features such as enhanced column strength, flexibility and upgraded outward radial pressure ensure stability and increases tissue contact. Multi-directional catheters are gaining huge traction due to its ability to create mapping of complex arrhythmias, ablation, electrophysiology and vessel access & delivery.

Hospitals are spearheading the end user segment for the deflectable catheters market. The chief factors determining its market growth are excellent patient care and availability of cost effective healthcare services. Catheterization labs are set to register excellent growth in the near future due to availabity of skilled workforce and installation of latest advanced version of medical instrument and diagnostic equipments.

North America is holding 35.5 % market share and is spearheading the regional segment for deflectable catheters market. The important parameters influencing its market growth are rising prevalence of cardiac complications. As per the research citing of Center for Disease Control and Prevention (CDC), the mortality rate is high in patients suffering with heart disease which is equivalent to 1 in 4deaths annually in the United States. In the second place is Europe accounting for a market share of 30.4% on account of effective implementation of treatment guidelines promising effective outcomes pertaining to heart complications. Strategic collaboration between medical devices companies and research institute to launch advanced versions of deflectable catheters for its application in diagnostic imaging. Asia Pacific is keen to highlight magnificent growth during the forecast period owing to the supportive regulatory environment provided by local healthcare agencies and significant rise in medical tourism.

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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 Market Movements:

  • Significant rise in mortality rate associated with cardiac complications
  • Ability to access different anatomical sites and availability in different conformations such as uni, bi and multidirectional deflectable catheters
  • Supportive regulatory environment provided by healthcare agencies worldwide for the sale of deflectable catheters.

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 

By Geography Segment (2017-2027; US$ Bn)

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America

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