Pune, Maharashtra -- (SBWire) -- 11/03/2023 --According to HTF Market Intelligence, the Global Cardiac Catheter & Guidewires market to witness a CAGR of 8% during the forecast period (2023-2029). The Latest Released Cardiac Catheter & Guidewires Market Research assesses the future growth potential of the Cardiac Catheter & Guidewires market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Cardiac Catheter & Guidewires market.
The Cardiac Catheter & Guidewires market size is estimated to increase by USD 24.06 Billion at a CAGR of 8% from 2023 to 2029. The report includes historic market data from 2017 to 2022E. Currently, the market value is pegged at USD 13.79 Billion.
The Major Players Covered in this Report: Medtronic (Ireland), Boston Scientific Corporation (United States), Abbott Laboratories (United States), Johnson & Johnson (United States), B. Braun Melsungen AG (Germany), Teleflex Incorporated (United States), Becton, Dickinson and Company (United States), Cook Medical (United States), Terumo Corporation (Japan), CONMED Corporation (United States)
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Definition:
Cardiac catheters and guidewires are medical devices used in cardiology and interventional cardiology procedures to diagnose and treat various heart conditions. These instruments are designed to be minimally invasive, allowing healthcare professionals to access the heart's blood vessels and chambers without the need for traditional open-heart surgery.
Market Drivers:
The market for cardiac guidewires is expected to rise during the forecast period due to an increase in cardiovascular disease incidence worldwide. For example, a 2018 study published by the World Heart Federation found that cardiovascular illnesses accounted for 80.0% of deaths in low- and middle-income countries. In a similar vein, according to the World Health Organization (WHO), CVDs will be responsible for 17.9 million deaths globally in 2018. It follows that these factors are expected to drive up demand for interventional treatments such as angioplasty and cardiac catheterization, which in turn will drive up demand for cardiac guidewires.
Market Opportunities:
People over 40 have a substantially greater risk of cardiac arrest, and cardiac disorders are far more common globally. Additionally, the sales of cardiac guidewires made a partial contribution to the growth of the market overall. As a result, the market for cardiac guidewires is expanding primarily due to the rising prevalence of various chronic illnesses.
Market Leaders & Development Strategies:
In February 2022, Medtronic received an approval from U.S FDA for its Freezor and Freezor Xtra Cardiac Cryoablation Focal Catheters for the treatment of Pediatric Atrioventricular Nodal Reentrant Tachycardia (AVNRT). This catheters are single-use flexible devices for freezing cardiac tissue within the heart which helps in treating heart condition.
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Cardiac Catheter & Guidewires market segments by Types: Electrophysiology catheters, PTCA balloon catheters, IVUS catheters, PTA balloon catheters, Guide extension catheter, Cardiac Guidewires, Others
Detailed analysis of Cardiac Catheter & Guidewires market segments by Applications: Coronary artery Disorder, Stroke
Major Key Players of the Market: Medtronic (Ireland), Boston Scientific Corporation (United States), Abbott Laboratories (United States), Johnson & Johnson (United States), B. Braun Melsungen AG (Germany), Teleflex Incorporated (United States), Becton, Dickinson and Company (United States), Cook Medical (United States), Terumo Corporation (Japan), CONMED Corporation (United States)
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
- -To carefully analyse and forecast the size of the Cardiac Catheter & Guidewires market by value and volume.
- -To estimate the market shares of major segments of the Cardiac Catheter & Guidewires market.
- -To showcase the development of the Cardiac Catheter & Guidewires market in different parts of the world.
- -To analyse and study micro-markets in terms of their contributions to the Cardiac Catheter & Guidewires market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Cardiac Catheter & Guidewires market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Cardiac Catheter & Guidewires market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Key takeaways from the Cardiac Catheter & Guidewires market report:
– Detailed consideration of Cardiac Catheter & Guidewires market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the Cardiac Catheter & Guidewires market-leading players.
– Cardiac Catheter & Guidewires market latest innovations and major procedures.
– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Cardiac Catheter & Guidewires market for forthcoming years.
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Major highlights from Table of Contents:
Cardiac Catheter & Guidewires Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Cardiac Catheter & Guidewires market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Cardiac Catheter & Guidewires Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Cardiac Catheter & Guidewires Market Production by Region Cardiac Catheter & Guidewires Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Cardiac Catheter & Guidewires Market Report:
- Cardiac Catheter & Guidewires Overview, Definition and Classification Market drivers and barriers
- Cardiac Catheter & Guidewires Market Competition by Manufacturers
- Cardiac Catheter & Guidewires Capacity, Production, Revenue (Value) by Region (2023-2029)
- Cardiac Catheter & Guidewires Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Cardiac Catheter & Guidewires Production, Revenue (Value), Price Trend by Type {Electrophysiology catheters, PTCA balloon catheters, IVUS catheters, PTA balloon catheters, Guide extension catheter, Cardiac Guidewires, Others}
- Cardiac Catheter & Guidewires Market Analysis by Application {Coronary artery Disorder, Stroke}
- Cardiac Catheter & Guidewires Manufacturers Profiles/Analysis Cardiac Catheter & Guidewires Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Major questions answered:
- What are influencing factors driving the demand for Cardiac Catheter & Guidewires near future?
- What is the impact analysis of various factors in the Global Cardiac Catheter & Guidewires market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Cardiac Catheter & Guidewires market for long-term investment?
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