The global catheter systems market is anticipated to be worth US$ 18.8 billion in 2022, with a CAGR of 8.4% to reach US$ 42.5 billion by 2032.
The increased need for minimally invasive procedures for target patients as an alternative to traditional surgery is primarily driving the usage of electrophysiology catheters in hospitals. Observed atrial fabrication (AF) incidences in the older population indicate a developing demand for catheter systems during the future period.
In any region, the presence of a strong health-care system is required for the selling of catheter systems. A facility provided in a well-established medical system offers the required drive for catheter system market utilisation and expansion.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Catheter Systems Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Catheter Systems market.
Key Catheter Systems Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Catheter Systems market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Catheter Systems Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Catheter Systems market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Catheter Systems Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Catheter Systems market. As per the survey, Catheter Systems sales will project steady growth over the forecast period.
- Catheter Systems Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Catheter Systems market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Catheter Systems Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Catheter Systems market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Catheter Systems market.
Some of the prominent market players are profiled by FMI are:
- Freudenberg Medical
- Creganna
- Becton
- Dickinson and Company
- Coloplast A/S
- Smiths Group plc (Smiths Medical)
- B. Braun Melsungen AG
- Terumo Corporation
- Medtronic plc
- Cook Medical
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Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
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