What This Report
Will Provide?
This study involved four major
activities in estimating the current size of the angiographic catheters market.
Exhaustive secondary research was carried out to collect information on the
market, its peer markets, and its parent market.
The next step was to validate these findings, assumptions, and sizing with
industry experts across the value chain through primary research. Both top-down
and bottom-up approaches were employed to estimate the complete market size.
After that, market breakdown and data triangulation procedures were used to
estimate the size of segments and subsegments.
Expected Revenue Growth:
According to new market
research report, angiographic catheters market is expected to
reach USD 1,402.8 million by 2022 from USD 922.1 million in 2016 and, at a CAGR
of 7.4%.
Major Growth Boosters:
Market growth is primarily
driven by the aging population and increasing incidence of diseases such as
CVDs; and demand for angiographic catheter for the diagnosis of arterial
blockages. Technological advancements in catheter-based angiography techniques
is driving growth of this market.
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Top-down
and bottom-up approaches were used to estimate and validate the size of the
market and various other dependent submarkets. The overall market size was used
in the top-down approach to estimate the sizes of other individual submarkets
(mentioned in the market segmentation—by application and region) through
percentage splits from secondary and primary research. The bottom-up approach
was also implemented (wherever applicable) for data extracted from secondary
research to validate the angiographic catheters market segment revenues
obtained.
Key Questions Addressed in The Report:
1. Who are the top 10 players
operating in the global angiographic catheters market?
2. What are the drivers, restraints, opportunities, and challenges in the
angiographic catheters Industry?
3. What are the opportunities for stakeholders and provide details of the
competitive landscape for key players?
4. What will be growth of angiographic catheters in North America, Europe, Asia
Pacific, Latin America, and the Middle East and Africa?
Regional Growth Analysis:
The global market is dominated
by Europe, followed by Asia Pacific. Europe will continue to dominate the
market during the forecast period mainly due to the presence of large patient
population. However, Asia Pacific is expected to witness the highest CAGR.
Factors such as the increasing burden of coronary arterial disease and focus of
major players in emerging Asia Pacific countries are driving the growth of the
market in this region. However, increasing preference for non-invasive
angiography is expected to hinder the growth of market. Additionally,
increasing number of Cath labs in the region is witnessing a substantial growth
in region that have accentuated the growth of angiographic catheters market.
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Key Players:
Major industry players launched
innovative products to maintain and improve their position in the angiographic
catheters market. Medtronic (US), Boston Scientific (US), Terumo Medical
(Japan), Cardinal Health (US), and Merit Medical System (US) have been
identified as key players operating in this market. These companies have broad
product portfolios with comprehensive features. These players are observed to
have a wide distribution network across the globe, which enhances their
geographic presence.