Cardiac Catheterization Market Research Report Forecast to 2027

Cardiac Catheterization Market: By Procedure (Coronary Angioplasty, Balloon Septostomy), Types (Coronary Angiogram, Fractional Flow Reserve), Application (Heart Attack, Abnormal Stress Test), and End-User (Hospitals & Clinics) – Global Forecast Till 2027

ID: MRFR/MED/0466-HCR | February 2021 | Region: Global | 115 pages

Market Scenario

Cardiac catheterization can be defined as a procedure to test the functioning of the heart and is used to diagnose and treat cardiovascular conditions. The global cardiac catheterization market is majorly driven by increasing number of technologically advanced devices, increasing number of regulatory approvals, rising geriatric population, abuse of alcohol, the high prevalence of cardiac diseases such as ventricular fibrillation, ventricular tachycardia, and cardiac arrhythmias, and growing penetration of key market players. The cardiac catheterization market is expected to register a CAGR of 9.2% during the forecast period. Furthermore, the increasing awareness of healthcare, favorable reimbursement policies, increasing innovations in research and development of medical devices, as well as rising average income of individuals are fueling the market growth. However, factors such as the high cost of surgical procedures and catheters as well as side effects associated with catheters are likely to hinder the growth of the market. Lack of proper healthcare infrastructure, as well as awareness regarding diseases such as cardiac arrhythmia and tachycardia in middle-income countries, are major challenges to market growth.

Global Cardiac Catheterization Market - Competitive Analysis

The global market consist of players such as Boston Scientific Corporation (US), Coloplast (Denmark), Dispocard GmbH (Germany), Becton, Dickinson and Company (US), St. Jude Medical (US), Abbott (US), Johnson & Johnson Private Limited (US), Teleflex Incorporated (US)., Smiths Medical (US), Edwards Life Sciences Corporation (US), Medtronic Inc (US), Rochester Medical Corporation (U.S), Maquet Medical India Private Limited (India), Terumo Medical Corporation (Japan), and others. These are some of the prominent players at the forefront of competition in the global cardiac catheterization market.

Intended Audience

Pharmaceutical Manufacturers and Suppliers

Medical Research Laboratories

Research and Development (R&D) Companies

Market Research and Consulting Service Providers

Potential Investors

Market Segmentation The global cardiac catheterization market is segmented on the basis of procedures, types, applications, and end-users.

On account of procedures, the market is segmented into coronary angioplasty, balloon septostomy, catheter ablation, bipolar pacing, left heart catheterization, right heart catheterization, and others.

On the basis of type, the market is segmented into coronary angiogram, fractional flow reserve, intravascular ultrasound, and optical coherence tomography.

On the basis of application, the market is segmented into a heart attack, abnormal stress test, coronary vasospasm, cardiac arrhythmia, and others.

On the basis of end-users, the market is segmented into hospitals and clinics and others.

Based on the region the market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The American region is segmented into North America and South America. Similarly, Europe is segmented into Western Europe and Eastern Europe.

Market Segmentation Global Cardiac Catheterization Market, by Procedures

Coronary Angioplasty

Balloon Septostomy

Catheter Ablation

Bipolar Pacing

Left Heart Catheterization

Right Heart Catheterization

Other

Global Cardiac Catheterization Market, by Types

Coronary Angiogram

Fractional Flow Reserve

Intravascular Ultrasound

Optical Coherence Tomography

Global Cardiac Catheterization Market, by Application

Heart Attack

Abnormal Stress Test

Coronary Vasospasm

Cardiac Arrhythmia

Other

Global Cardiac Catheterization Market, by End-Users

Hospitals & Clinics

Others

Global Cardiac Catheterization Market Share (%), by Region, 2017

Cardiac Catheterization Market

Source: World Health Organization, Centers for Disease Control and Prevention, expert interview, annual report, white paper, company presentation and market research future analysis

Regional Market Summary

The Americas is the global leader for the cardiac catheterization market owing to the increasing prevalence of cardiovascular diseases among adults and older population and rising geriatric population which increases the vulnerability to hypertension and obesity issues which are indirect causes of heart diseases. Additionally, factors such as increasing government initiatives and funding for research, development in advanced medical treatment options, and rising demand for technologically advanced treatments are likely to enhance the growth of the cardiac catheterization market in the American region. For instance, according to the American Heart Association, in 2014, around 31% of the deaths in the US were due to cardiovascular disorders. Similarly, according to a survey conducted by Johnson & Johnson Private Limited, around 2.5 million cardiovascular surgeries are performed in America each year. This growing rate of cardiovascular disorders is expected to have a direct positive effect on the growth of the cardiac catheterization market as it finds whole and sole application in cardiovascular disorders.

Europe is the second-largest market and holds a healthy share in the global cardiac catheterization market. The European market is expected to grow at a sturdy growth rate during the forecast period due to major driving factors such as availability of advanced treatment facilities, increasing healthcare expenditure along with the growing need for better healthcare infrastructure, and government initiatives of healthcare reforms. For instance, according to 2017 statistics presented by the European Society of Cardiology, there were more than 6 million reported new cases of cardiovascular diseases in the European Union and more than 11 million in Europe as a whole. Additionally, every year 15% of deaths in Europe occur due to cardiovascular diseases. Hence cardiovascular disease being one of the major concerns in Europe contributes significantly to the market growth of this region. It has been made compulsory to have at least one diagnostic cardiac catheterization and angiography laboratory for a population of 450,000 to 600,000. Such initiatives by the government will boost up the market growth during the forecast period.

Asia-Pacific is expected to be the fastest growing region owing to the increasing geriatric population and the alarming rate of diabetes which will increase the vulnerable patient population for cardiac diseases, faster adaptation of healthcare technology, government initiatives to increase the healthcare quality, favorable insurance and reimbursement policies. Furthermore, key players such as Boston Scientific Corporation and Medtronic have set up their regional headquarters and manufacturing plants in Singapore, China, Japan, Korea, Australia, thus, propelling the growth of the cardiac catheterization market. Moreover, raising adaption of the western culture has led to the increasing sedentary lifestyle due to work culture, addiction to alcohol and smoking, consumption of fast foods which are the indirect causes of cardiovascular diseases, and the rise in the standard of living in the region also contribute to the growth of the cardiac catheterization market. However, on the other hand, factors such as lack of skilled healthcare professionals may slow down the market growth during the forecast period. For instance, according to the Global Burden of Disease Report in 2016, heart diseases are expected to lead to 1.7 million deaths in India. This rising prevalence of heart diseases is expected to propel the growth of the market.

The Middle East and Africa is expected to show sluggish growth in the market due to some major factors such as lack of awareness and limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates and Saudi Arabia held major market shares owing to the development of the healthcare industry and the rising availability of specialty care centers. Moreover, government initiatives for healthcare reforms and the rising number of victims of cardiac disorders might drive the growth of this region during the forecast period.

Global Cardiac Catheterization Market, by Region

North America
- US
- Canada
- South America

Europe
- Western Europe
  - Germany
  - France
  - UK
  - Italy
  - Spain
  - Rest of Western Europe
- Eastern Europe

Asia-Pacific
- Japan
- China
- India
- Australia
- Republic of Korea
- Rest of Asia-Pacific

Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- Oman
- Kuwait
- Qatar
- Rest of the Middle East & Africa

Report Scope:

Report Attribute/Metric	Details
Market Size	2027: Significant Value
CAGR	9.2% (2020-2027)
Base Year	2018
Forecast Period	2027
Historical Data	2017
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Procedure, Types, Application, End-User
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Boston Scientific Corporation (US), Coloplast (Denmark), Dispocard GmbH (Germany), Becton, Dickinson and Company (US), St. Jude Medical (US), Abbott (US), Johnson & Johnson Private Limited (US), Teleflex Incorporated (US)., Smiths Medical (US), Edwards Life Sciences Corporation (US), Medtronic Inc (US), Rochester Medical Corporation (U.S), Maquet Medical India Private Limited (India), Terumo Medical Corporation (Japan)
Key Market Opportunities	Increasing Awareness of Healthcare, Favorable Reimbursement Policies. Increasing innovations in research and development
Key Market Drivers	Increasing Number of Technologically Advanced Devices.

Frequently Asked Questions (FAQ) :

At what CAGR is the cardiac catheterization market expected to grow over the forecast period?

The cardiac catheterization market is predicted to grow at a 9.2% CAGR between 2018-2027.

Which region is predicted to dominate the cardiac catheterization market?

The Americas is predicted to dominate the cardiac catheterization market.

What are the key factors driving the cardiac catheterization market?

Increasing prevalence of cardiac diseases, favorable reimbursement policies, and rising awareness of healthcare are boosting market growth.

Which factors may limit the cardiac catheterization market growth?

Side effects, lack of proper healthcare infrastructure, and high cost may limit market growth.

What are the various applications of cardiac catheterization?

It is mostly used to treat and diagnose cardiac arrhythmia, coronary vasospasm, and heart attack.

Table of Content

1. Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

6. Global Cardiac catheterization Market, by Procedures

6.1 Introduction

6.2 Coronary Angioplasty

 Market Estimates & Forecast, 2018–2027

 Market Estimates & Forecast, by Region/Country, 2018–2027

6.3 Balloon Septostomy

 Market Estimates & Forecast, 2018–2027

 Market Estimates & Forecast, by Region/Country, 2018–2027

6.4 Catheter Ablation

 Market Estimates & Forecast, 2018–2027

 Market Estimates & Forecast, by Region/Country, 2018–2027

6.5 Bipolar Pacing

 Market Estimates & Forecast, 2018–2027

 Market Estimates & Forecast, by Region/Country, 2018–2027

6.6 Left Heart Catheterization

 Market Estimates & Forecast, 2018–2027
6.7 Right Heart Catheterization

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027
6.8 Other

 Market Estimates & Forecast, 2018–2027

 Market Estimates & Forecast, by Region/Country, 2018–2027

7. Global Cardiac catheterization Market, by Types

7.1 Introduction

7.2 Coronary Angiogram

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027

7.3 Fractional Flow Reserve

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027
7.4 Intravascular Ultrasound

 Market Estimates & Forecast, 2018–2027

 Market Estimates & Forecast, by Region/Country, 2018–2027
7.5 Optical Coherence Tomography

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027

8. Global Cardiac catheterization Market, by Application

8.1 Introduction

8.2 Heart Attack

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027
8.3 Abnormal Stress Test

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027

8.4 Coronary Vasospasm

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027
8.5 Cardiac Arrhythmia

 Market Estimates & Forecast, 2018–2027

 Market Estimates & Forecast, by Region/Country, 2018–2027
8.6 Others

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027
9 Global Cardiac Catheterization Market, by End-User

9.1 Introduction

9.2 Hospitals and Clinics

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027

9.3 Others

• Market Estimates & Forecast, 2018–2027

• Market Estimates & Forecast, by Region/Country, 2018–2027
10 Global Cardiac Catheterization Market, by Region

10 1 Introduction

10 2 Americas

• Market Estimates & Forecast, by Region, 2018–2027

• Market Estimates & Forecast, by Procedures, 2018–2027