Angiography Catheters Market: Key Insights
The angiography catheters market is expected to grow significantly in the coming years, driven by factors such as the increasing demand for minimally invasive diagnostic and therapeutic procedures, the growing incidence of cardiovascular diseases, and the development of advanced and user-friendly angiography catheters. The growing focus on patient safety and comfort and the increasing use of artificial intelligence and telemedicine are also driving the demand for angiography catheters. There are several opportunities in the angiography catheter market, including developing advanced and user-friendly angiography catheters, the increasing use of artificial intelligence and telemedicine, and the growing focus on patient safety and comfort. The growing demand for minimally invasive diagnostic & therapeutic procedures and the increasing incidence of cardiovascular diseases are also expected to provide significant growth opportunities for the angiography catheter market in the coming years. However, the high cost of angiography catheters, along with the lack of reimbursement in certain countries, are some of the major restraints for the market. In addition, the lack of skilled professionals and the need for specialized training to operate these devices are also limiting factors for the growth of the angiography catheters market.
Rise in The Incidence of Hypertension and Cardiovascular Disorders is Driving the Growth of Angiography Catheters Market
The rise in the incidence of hypertension and cardiovascular disorders is a major factor driving the angiography catheter market. Hypertension and cardiovascular disorders are growing worldwide, and they are among the leading causes of global morbidity and mortality. According to the World Health Organization (WHO), an estimated 1.28 billion adults aged 30-79 years worldwide have hypertension, most (two-thirds) living in low- and middle-income countries; an estimated 46% of adults with hypertension are unaware that they have the condition. Less than half of adults (42%) with hypertension are diagnosed and treated. As the prevalence of these conditions increases, the demand for effective diagnostic and therapeutic solutions also increases, leading to the growth of the angiography catheters market. Angiography catheters are commonly used to diagnose and treat hypertension and cardiovascular disorders. These catheters allow healthcare providers to visualize the blood vessels and circulatory system in an appropriate manner, providing more accurate and detailed information compared to conventional diagnostic procedures. This information is crucial for the effective diagnosis and treatment of patients suffering from hypertension and cardiovascular disorders and also helps in monitoring their progression and outcomes. In addition, the rise in the incidence of hypertension and cardiovascular disorders also drives the demand for minimally invasive diagnostic and therapeutic procedures, such as angioplasty and stenting. Angiography catheters play a crucial role in these procedures, allowing healthcare providers to diagnose and treat hypertension and cardiovascular disorders with minimal risk and discomfort to the patient.
Angiography Catheters Market: Segmental Overview
The global angiography catheters market is segmented on the basis of product, application, and end user. On the basis of product, the angiography catheters market is segmented into conventional catheters, drug eluting balloon catheters, cutting balloon catheters, and scoring balloon catheters. Based on application, the angiography catheters market is segmented into coronary, endovascular, neurology, oncology, and other applications. Based on end user, the angiography catheters market has been segmented into hospitals, ambulatory surgical centers, and other end users.
The drug-eluting balloon catheter segment is expected to hold a substantial share of the angiography catheters market in the coming years. The increasing adoption of drug-eluting balloon catheters is driven by their ability to deliver high concentrations of therapeutic drugs directly to the site of the lesion, which helps to improve patient outcomes and reduce the risk of restenosis. Drug-eluting balloon catheters are also designed to provide improved drug retention and better drug distribution compared to other angiography catheters, contributing to their increasing popularity. Furthermore, the growing focus on patient safety and the surging need for minimally invasive surgical procedures drive the demand for drug-eluting balloon catheters. Drug-eluting balloon catheters are typically minimally invasive and offer several advantages over conventional surgical procedures, including reduced pain and scarring, faster recovery, and lower risk of complications. This makes them an attractive option for both patients and healthcare providers, further driving the growth of the drug-eluting balloon catheter segment.
Angiography Catheters Market: Competitive Landscape and Key Developments
TERUMO CORPORATION, AngioDynamics, Inc., Cardinal Health, Medtronic, Merit Medical Systems, Teleflex Incorporated, Cook, B. Braun Melsungen AG, Alvimedica, and PEDIAVASCULAR are among the key players operating in the angiography catheters market. These companies have a widespread presence worldwide, which provides lucrative opportunities to serve a large number of customers and expand the angiography catheters market.
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