Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.1 Billion | USD 15.1 Billion | 5.3% | 2022 |
FrequentlyAsked Questions
Medical practitioners and healthcare service providers utilize deflectable catheters across the globe due to their massive utilization as therapeutic devices and drug delivery devices. These products comprise a long catheter body with an electrode positioned along the distal portion of the body of the catheter.
The global deflectable catheters market growth is owing to growing catheter scalability in operations and the need for reducing the fluoroscopy period.
According to a study, the global deflectable catheters industry size was $10.1 billion in 2022 and is projected to reach $15.1billion by the end of 2030.
The global deflectable catheters market is anticipated to record a CAGR of nearly 5.3% from 2023 to 2030.
The Asia-Pacific deflectable catheters industry is set to register the highest CAGR over the forecasting timeline owing to an increase in the number of minimally invasive surgeries in countries such as India and China of the Asia-Pacific zone. In addition to this, supportive government healthcare schemes such as Ayushman Bharat in countries like India will further exponentiate the growth of the industry in the region.
The global deflectable catheters market is led by players such as The global deflectable catheters market profiles key players such as MAC Medical, Inc., Medical Murray, Biosense Webster (Johnson & Johnson), Abbott Laboratories Inc., Spectrum Plastics Group, Boston Scientific Corporation, J&J MedTech, CathRx Ltd., Medtronic Plc., Teleflex Incorporated, Biomerics, Duke Extrusion, Merit Medical Systems Inc., Dynaflex, Integer Holdings, Gemini MedTech, and BioCardia Inc.
The deflectable catheters market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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