Global Diagnostic Catheter Market Bwc20167
Global Diagnostic Catheter Market, By Product Type (Cardiovascular Catheters, Neurovascular Catheters, Urological Catheters, Specialty Catheters, Intravenous Catheters, Other Types), By Application (Gastroenterology, Cardiology, Urology, Neurology, Others), By End-User (Hospitals, Imaging & Diagnostic Centers), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: June 2021
- Report ID: BWC20167
- Available Format: PDF
- Page: 178
Report Overview
Catheters are thin tubes with diameters ranging from 2 mm to 3 mm and are manufactured of medical-grade materials such as polyvinyl chloride (PVC), plastic, nylon, and silicon rubber. These are injected into a patient's body to stimulate analysis and treatment.
Global Diagnostic Catheter Market- Industry Trends & Forecast Report 2027
The global diagnostic catheter market was worth USD 3.5 billion in 2020 and is further projected to reach USD 5.3 billion by the year 2027, growing at the CAGR of 6.0% in the forecast period. The increasing use of diagnostic catheters in the occurrence of chronic ailments, coupled with an increase in the geriatric population, an increase in the number of moderately invasive surgeries, and kidney and circulatory diseases, is fueling the growth of the global diagnostic catheter market. Furthermore, increased technological improvements and reimbursement in imaging catheter technology are expected to drive the growth of the global diagnostic catheter market.
Source: BlueWeave Consulting
Global Diagnostic Catheter Market- Overview
Catheters are thin tubes with diameters ranging from 2 mm to 3 mm and are manufactured of medical-grade materials such as polyvinyl chloride (PVC), plastic, nylon, and silicon rubber. These are injected into a patient's body to stimulate analysis and treatment. Catheterization is a vital co-procedure that is performed in conjunction with many other medical procedures such as urethral catheterization, neurosurgery, cardiac electrophysiology, and angioplasty. For instance, diagnostic catheter angiography is the ideal standard for determining vascular abnormalities in the head brain, spine, and neck. Likewise, electrophysiology diagnostic catheters are utilized for transient intracardiac monitoring, recording, stimulation, and mapping.
Global Diagnostic Catheter Market Forecast and Trends
Growth Drivers
Growing preference for OCT imaging catheters in intravascular diagnostics and imaging
The effective use of OCT imaging in numerous investigative areas, such as cardiology, has resulted in greater adoption of OCT imaging catheters by medical staff for various investigative signals. The resolution limitations of coronary angiography, as well as the need for better accuracy during percutaneous interferences, have driven the demand for high-resolution intracoronary imaging technologies such as OCT. The various advantages of OCT imaging have compelled numerous important participants in the inspective catheter business to promote new OCT imaging systems and catheters for investigative purposes.
Technological advancements in imaging catheters
Diagnostic catheters are useful in a variety of investigative approaches that involve various imaging technologies. The market for diagnostic catheters is expanding as new applications and technologies emerge. These catheters are utilized for a variety of indications in different fields such as cardiology, urology, gastrointestinal, neurology, and others. Last but not least, continuous developments in catheter designs to shorten their use and make them safer and more effective play an essential role in the development of the diagnostic catheter market worldwide.
Restraints
High Adoption of Reusable Diagnostic Catheters
Medical waste is a big environmental concern, hence many countries are launching various measures to reduce the amount of medical waste. One of those initiatives is promoting the use of reusable diagnostic catheters for medical procedures and research purposes. However, due to this, the demand for the new diagnostic catheters has dropped significantly affecting the revenue of the market. Furthermore, the adoption of reusable diagnostic catheters is also proliferating for cost-efficiency purposes, restricting the market growth.
Impact of COVID-19 on Global Diagnostic Catheter Market
COVID-19 has had a negative impact on the world economy by directly impacting production and demand, as well as disrupting supply chains and markets. Soon after the COVID-19 was declared a pandemic, several countries had to enforce nationwide lockdown to curb the spread of the deadly virus, Such plans have caused disturbances in the manufacturing and supply chain. As a result of the disruptions caused by the pandemic, the global diagnostic catheter market had to go through a rough patch during the lockdown phase. Furthermore, all types of non-emergency and elective surgeries were immediately postponed following the lockdown to ensure the safety of the patients and doctors into consideration. Due to this, the demand for diagnostic catheters dropped significantly and affected the market negatively.
Global Diagnostic Catheter Market - By Product Type
Based on the product type, the global diagnostic catheter market is segmented into cardiovascular catheters, neurovascular catheters, urological catheters, specialty catheters, intravenous catheters, and other types. Among these, the cardiovascular catheters segment dominates the global diagnostics market due to the high prevalence of cardiovascular diseases. They are increasingly being employed in hospitals and diagnostic facilities due to their high efficiency in confirming coronary artery constriction. This helps in excluding this artery during the heart valve or other major surgeries.
Global Diagnostic Catheter Market - By Application
Based on application, the global diagnostics catheters market is classified into gastroenterology, cardiology, urology, neurology, and others. Among these, the cardiology segment accounted for the largest market share among all applications in 2020. Diagnostic catheters are prominently used in diagnosing various heart problems like coronary artery disease, heart valve problems, heart muscle dysfunction, congenital health disease, etc. The increasing prevalence of cardiovascular diseases, along with the rising geriatric population around the world are the major factors driving the market growth for diagnostic catheters.
Global Diagnostic Catheter Market - Regional Insights
Geographically, the global diagnostic catheter market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these, the North American region held a significant share of the global diagnostic catheter market for, followed by Europe. The growth of the said market in the part of North America is credited to the surge in the incidences of cardiovascular disorders, as well as an increase in the number of imaging and diagnostic centers, and increased awareness regarding the minimally invasive processes.
Competitive Landscape
The leading market players in the global diagnostic catheter market are Terumo Corporation, St. Jude Medical, Inc., Boston Scientific Corporation, Koninklijke Philips N.V., C. R. Bard, Inc., Johnson & Johnson, Medtronic, Edward Lifesciences Corporation, B. Braun Melsungen AG, and Cardinal Health, Inc., and other prominent players.
The market is highly competitive with the presence of giant players who cover a large percentage of the global revenue. The market players are consistently focusing on innovating and technologically advancing their products. They are also engaging in product approvals and launches to stay ahead of the curve. Additionally, they are also focusing on strengthening their distribution system to make their products more accessible to the end-users.
Recent Developments
l In July 2020, Philips delivered Q2 sales of EUR 4.4 billion, with a 6% comparable sales decrease; income from continuing operations of EUR 213 million, Adjusted EBITA margin of 9.5%, and operating cash flow of EUR 558 million.
l In September 2020, Johnson & Johnson signed a historic pledge to uphold the integrity of the scientific process in developing an investigational COVID-19 Vaccine.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical data – 2017-2020 Base Year – 2020 Forecast – 2021 – 2027 |
Facts Covered |
Revenue in USD Million |
Market Coverage |
North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa |
Product Service/Segmentation |
By Product Type, By Application, By End-User, By Region |
Key Players |
Terumo Corporation, St. Jude Medical, Inc., Boston Scientific Corporation, Koninklijke Philips N.V., C. R. Bard, Inc., Johnson & Johnson, Medtronic, Edward Lifesciences Corporation, B. Braun Melsungen AG, and Cardinal Health, Inc., and other prominent players. |
By Product Type
Ø Cardiovascular Catheters
Ø Neurovascular Catheters
Ø Urological Catheters
Ø Specialty Catheters
Ø Intravenous Catheters
Ø Other Types
By Application
Ø Gastroenterology
Ø Cardiology
Ø Urology
Ø Neurology
Ø Others
By End-User
Ø Hospitals
Ø Imaging & Diagnostic Centers
By Region
Ø North America
Ø Europe
Ø Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø Middle-East & Africa (MEA)
FAQs:
1. What is the current size of the global diagnostic catheter market?
Answer: The global diagnostic catheter market reached USD 3.5 billion in 2020.
2. What are the major factors driving the growth of the global diagnostic catheter market?
Answer: The growing preference for OCT imaging catheters in intravascular diagnostics and imaging, as well as technological advancements in imaging catheters, are the primary factors driving the global diagnostic catheter market's growth.
3. Who are the key players in the global diagnostic catheter market?
Answer: The key players in the global diagnostic catheter market are: Terumo Corporation, St. Jude Medical, Inc., Boston Scientific Corporation, Koninklijke Philips N.V., C. R. Bard, Inc., Johnson & Johnson, Medtronic, Edward Lifesciences Corporation, B. Braun Melsungen AG, and Cardinal Health, Inc., and other prominent players.
4. Which application segment accounted for the largest share in the global diagnostic catheter market?
Answer: The cardiology segment accounted for the largest share in the global diagnostic catheter market.[1]
5. Which region is at the highest growth rate in the global diagnostic catheter market?
Answer: North America has the largest share in the global diagnostic catheter market.
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary and Secondary Sources
2.2. Quantitative Research
2.2.1. Primary and Secondary Sources
2.3. Breakdown of Primary Research Respondents
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Key Questionnaire asked during Primary Interviews
2.6. Key Primary Responses
2.7. Market Size Estimation
2.8. Assumption for the Study
2.9. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Diagnostic Catheter Market – Industry Insights
4.1. DROC Analysis
4.1.1. Growth Drivers
4.1.2. Restraints
4.1.3. Opportunity
4.1.4. Challenges
4.2. Recent Developments / Technical Landscape
4.3. Regulatory Framework
4.4. Porter’s Five Forces Analysis
4.5. Value Chain Analysis
4.6. Strategic Outlook
5. Global Diagnostic Catheter Market Overview
5.1. Market Estimates & Forecast by Value, 2017-2027
5.1.1. By Value (USD Million)
5.1.2. By Volume (Thousand Units)
5.2. Market Share & Forecast
5.2.1.1. Cardiovascular Catheters
5.2.1.2. Neurovascular Catheters
5.2.1.3. Urological Catheters
5.2.1.4. Specialty Catheters
5.2.1.5. Intravenous Catheters
5.2.1.6. Other Types
5.2.2. By Application
5.2.2.1. Gastroenterology
5.2.2.2. Cardiology
5.2.2.3. Urology
5.2.2.4. Neurology
5.2.2.5. Others
5.2.3. By End-User
5.2.3.1. Hospitals
5.2.3.2. Imaging & Diagnostic Centers
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia-Pacific (APAC)
5.2.4.4. Latin America (LATAM)
5.2.4.5. Middle-East & Africa (MEA)
6. North America Diagnostic Catheter Market Overview
6.1. Market Size and Forecast
6.1.1. By Value (USD Million), 2017-2027
6.2. Market Share and Forecast
6.2.1. By Product Type
6.2.2. By Application
6.2.3. By End-User
6.2.4. By Country
6.2.4.1. U.S.
6.2.4.2. Canada
7. Europe Diagnostic Catheter Market Overview
7.1. Market Size and Forecast
7.1.1. By Value (USD Million), 2017-2027
7.2. Market Share and Forecast
7.2.1. By Product Type
7.2.2. By Application
7.2.3. By End-User
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. U.K.
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Spain
7.2.4.6. Russia
7.2.4.7. Netherlands
7.2.4.8. Rest of Europe
8. APAC Diagnostic Catheter Market Overview
8.1. Market Size and Forecast
8.1.1. By Value (USD Million), 2017-2027
8.2. Market Share and Forecast
8.2.1. By Product Type
8.2.2. By Application
8.2.3. By End-User
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. South Korea
8.2.4.5. Rest of APAC
9. LATAM Diagnostic Catheter Market Overview
9.1. Market Size and Forecast
9.1.1. By Value (USD Million), 2017-2027
9.2. Market Share and Forecast
9.2.1. By Product Type
9.2.2. By Application
9.2.3. By End-User
9.2.4. By Country
9.2.4.1. Mexico
9.2.4.2. Brazil
9.2.4.3. Rest of LATAM
10.MEA Diagnostic Catheter Market Overview
10.1. Market Size and Forecast
10.1.1. By Value (USD Million), 2017-2027
10.2. Market Share and Forecast
10.2.1. By Product Type
10.2.2. By Application
10.2.3. By End-User
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Europe
11.Competitive Landscape
11.1.1. List of Key Producers and Their Offerings
11.1.2. Market Share / Ranking Analysis (2020)
11.1.3. Competitive Benchmarking, By Operating Parameters
12.COVID-19 Impact
12.1. Future Impact
12.2. Key Developments during COVID-19
12.3. Impact on Market
12.3.1. Different Scenario
12.3.2. Impact on Companies
12.4. Regional Impact
13.Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
13.1. Terumo Corporation
13.2. St. Jude Medical, Inc.
13.3. Boston Scientific Corporation
13.4. Koninklijke Philips N.V.
13.5. C. R. Bard, Inc.
13.6. Johnson & Johnson
13.7. Medtronic
13.8. Edward Lifesciences Corporation
13.9. B. Braun Melsungen AG
13.10. Cardinal Health, Inc.
13.11. Other Prominent Players
14.Key Strategic Recommendations
* Financial information of non-listed Companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.
List of Figures
Fig: Global Diagnostic Catheter Segmentation
Fig: Global Diagnostic Catheter Market Value Chain Analysis,
Fig: Company Market Share Analysis, 2020
Fig: Global Diagnostic Catheter Market Size, By Value (USD Million), 2017-2027
Fig: Global Diagnostic Catheter Market Share (%), By Product Type, By Value, 2017-2027
Fig: Global Diagnostic Catheter Market Share (%), By Application, By Value, 2017-2027
Fig: Global Diagnostic Catheter Market Share (%), By End-User, By Value, 2017-2027
Fig: Global Diagnostic Catheter Market Share (%), By Country, By Value, 2017-2027
Fig: North America Diagnostic Catheter Market Size, By Value (USD Million), 2017-2027
Fig: North America Diagnostic Catheter Market Share (%), By Product Type, By Value, 2017-2027
Fig: North America Diagnostic Catheter Market Share (%), By Application, By Value, 2017-2027
Fig: North America Diagnostic Catheter Market Share (%), By End-User, By Value, 2017-2027
Fig: North America Diagnostic Catheter Market Share (%), By Country, By Value, 2017-2027
Fig: Europe Diagnostic Catheter Market Size, By Value (USD Million), 2017-2027
Fig: Europe Diagnostic Catheter Market Share (%), By Product Type, By Value, 2017-2027
Fig: Europe Diagnostic Catheter Market Share (%), By Application, By Value, 2017-2027
Fig: Europe Diagnostic Catheter Market Share (%), By End-User, By Value, 2017-2027
Fig: Europe Diagnostic Catheter Market Share (%), By Country, By Value, 2017-2027
Fig: the Asia-Pacific Diagnostic Catheter Market Size, By Value (USD Million), 2017-2027
Fig: the Asia-Pacific Diagnostic Catheter Market Share (%), By Product Type, By Value, 2017-2027
Fig: the Asia-Pacific Diagnostic Catheter Market Share (%), By Application, By Value, 2017-2027
Fig: the Asia-Pacific Diagnostic Catheter Market Share (%), By End-User, By Value, 2017-2027
Fig: the Asia-Pacific Diagnostic Catheter Market Share (%), By Country, By Value, 2017-2027
Fig: Latin America Diagnostic Catheter Market Size, By Value (USD Million), 2017-2027
Fig: Latin America Diagnostic Catheter Market Share (%), By Product Type, By Value, 2017-2027
Fig: Latin America Diagnostic Catheter Market Share (%), By Application, By Value, 2017-2027
Fig: Latin America Diagnostic Catheter Market Share (%), By End-User, By Value, 2017-2027
Fig: Latin America Diagnostic Catheter Market Share (%), By Country, By Value, 2017-2027
Fig: Middle East & Africa Diagnostic Catheter Market Size, By Value (USD Million), 2017-2027
Fig: Middle East & Africa Diagnostic Catheter Market Share (%), By Product Type, By Value, 2017-2027
Fig: Middle East & Africa Diagnostic Catheter Market Share (%), By Application, By Value, 2017-2027
Fig: Middle East & Africa Diagnostic Catheter Market Share (%), By End-User, By Value, 2017-2027
Fig: Middle East & Africa Diagnostic Catheter Market Share (%), By Region, By Value, 2017-2027
List of Tables
Table: Global Diagnostic Catheter Market Size, By Product Type, By Value, 2017-2027
Table: Global Diagnostic Catheter Market Size, By Application, By Value (USD Million), 2017-2027
Table: Global Diagnostic Catheter Market Size, By End-User, By Value (USD Million), 2017-2027
Table: Global Diagnostic Catheter Market Size, By Region, By Value (USD Million), 2017-2027
Table: North America Diagnostic Catheter Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: North America Diagnostic Catheter Market Size, By Application, By Value (USD Million), 2017-2027
Table: North America Diagnostic Catheter Market Size, By End-User, By Value (USD Million), 2017-2027
Table: North America Diagnostic Catheter Market Size, By Country, By Value (USD Million), 2017-2027
Table: Europe Diagnostic Catheter Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: Europe Diagnostic Catheter Market Size, By Application, By Value (USD Million), 2017-2027
Table: Europe Diagnostic Catheter Market Size, By End-User, By Value (USD Million), 2017-2027
Table: Europe Diagnostic Catheter Market Size, By Country, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Diagnostic Catheter Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Diagnostic Catheter Market Size, By Application, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Diagnostic Catheter Market Size, By End-User, By Value (USD Million), 2017-2027
Table: the Asia-Pacific Diagnostic Catheter Market Size, By Country, By Value (USD Million), 2017-2027
Table: Latin America Diagnostic Catheter Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: Latin America Diagnostic Catheter Market Size, By Application, By Value (USD Million), 2017-2027
Table: Latin America Diagnostic Catheter Market Size, By End-User, By Value (USD Million), 2017-2027
Table: Latin America Diagnostic Catheter Market Size, By Country, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Diagnostic Catheter Market Size, By Product Type, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Diagnostic Catheter Market Size, By Application, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Diagnostic Catheter Market Size, By End-User, By Value (USD Million), 2017-2027
Table: The Middle-East & Africa Diagnostic Catheter Market Size, By Country, By Value (USD Million), 2017-2027
Table: Terumo Corporation GmbH Financial Analysis
Table: Terumo Corporation GmbH Business Overview
Table: St. Jude Medical, Inc. Financial Analysis
Table: St. Jude Medical, Inc. Business Overview
Table: Boston Scientific Corporation Financial Analysis
Table: Boston Scientific Corporation Business Overview
Table: Koninklijke Philips N.V. Limited Financial Analysis
Table: Koninklijke Philips N.V. Limited Business Overview
Table: C. R. Bard, Inc. Financial Analysis
Table: C. R. Bard, Inc. Business Overview
Table: Johnson & Johnson Financial Analysis
Table: Johnson & Johnson Business Overview
Table: Medtronic Financial Analysis
Table: Medtronic Business Overview
Table: Edward Lifesciences Corporation Corporation Financial Analysis
Table: Edward Lifesciences Corporation Corporation Business Overview
Table: B. Braun Melsungen AG Financial Analysis
Table: B. Braun Melsungen AG Business Overview
Table: Cardinal Health, Inc. Financial Analysis
Table: Cardinal Health, Inc. Business Overview
Market Segmentation
By Product Type
- Cardiovascular Catheters
- Neurovascular Catheters
- Urological Catheters
- Specialty Catheters
- Intravenous Catheters
- Other Types
By Application
- Gastroenterology
- Cardiology
- Urology
- Neurology
- Others
By End-User
- Hospitals
- Imaging & Diagnostic Centers
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle-East & Africa (MEA)
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