Top Trends in Deflectable Catheters Market to 2027 illuminated by new report

Posted January 17, 2020 by andreadevis

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.

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.

Market Insights
Deflectable Catheters are used by healthcare professionals because of their usefulness as a therapeutic device, delivery system and navigation of blood vessels and heart tissues under extreme stress. Increased demand for minimally invasive cardiovascular surgical procedures and its ability to access different anatomical sites for biopsy studies is driving market growth for Deflectable Catheters. Strategic acquisitions, mergers and collaborations between key players will have a positive impact on the growth of the market for Deflectable Catheters.

Bi-directional catheters are the leading segment of the market for deflectable catheters. Excellent ergonomic features such as enhanced column strength, flexibility, and enhanced outward radial pressure ensure stability and increase tissue contact. Multi-directional catheters are gaining enormous traction due to their ability to map complex arrhythmias, ablation, electrophysiology, and vessel access and delivery.

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Hospitals are leading the end-user segment of the market for Deflectable Catheters. Excellent patient care and the availability of cost-effective healthcare services are the main factors determining its market growth. The catheterization laboratories are set to register excellent growth in the near future due to the availability of skilled personnel and the installation of the latest advanced version of medical devices and diagnostic equipment.

North America has a market share of 35.5 per cent and is the regional market leader for Deflectable Catheters. The increasing prevalence of cardiac complications are important parameters that influence its market growth. According to the Center for Disease Control and Prevention (CDC) research, the mortality rate in patients with heart disease is high, equivalent to 1 in 4 deaths per year in the United States. Second, Europe has a market share of 30.4% due to the effective implementation of treatment guidelines that promise effective outcomes for heart complications. Strategic collaboration between medical device companies and the research institute to launch advanced versions of Deflectable Catheters for use in diagnostic imaging. Asia Pacific is keen to highlight the magnificent growth during the forecast period due to the supportive regulatory environment provided by local health agencies and the significant increase 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.
Key questions answered in this report
• Which are the prominent players competing in the deflectable catheters market?
• What are the organic and inorganic market growth strategies adopted for market assessment of deflectable catheters market?
• Why is bi-directional deflectable catheter popular among surgeons worldwide?
• What will the market performance of catheterization labs during the forecast period?
• What market growth strategies will be adopted by developing region such as Asia Pacific and Latin America to propel the deflectable catheters market growth in their regions?

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Media citations:
Deflectable Catheters Market to hit the mark of US$ 2,246.6 Mn by 2027 :

Deflectable Catheters Market is expected to register the highest CAGR according to market forecasts:

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Last Updated January 17, 2020