The global guide extension catheter market is anticipated to reach USD 376.58 million by 2030, registering a CAGR of 8.81% during the forecast period, according to a new report by Grand View Research, Inc. Increase in patients with cardiac disorders such as angina pectoris and myocardial infarction, as well as rise in inclination toward minimally invasive procedures are the key factors anticipated to drive the guide extension catheter market growth.
Guide Extension Catheter Market Report Highlights
· By material, the stainless steel segment dominated the market with 76.81% of the market share in 2021. Since, stainless steel is a highly preferred raw material during cardiac procedures owing to its characteristics such as high corrosion resistance coupled with antibacterial, non-magnetic, and non-staining properties
· Based on the size, others (0.088”, 0.071”, and 0.070”) segment dominated the market by 44.55% share in 2021. Since, larger diameter catheters are required to smoothly channel stents, balloons, and other cardiac interventional devices into place
· Based on the end-use, the hospital segment held more than 40.89% share in 2021. The key factors attributed to the large share include the increasing prevalence of cardiovascular disorders, the rapidly growing geriatric population, and technological advancements
· Asia-Pacific is expected to witness the fastest growth for guide extension catheters during the forecast period. Growing awareness levels, increasing disposable income, and rising incidence rate of chronic conditions are the few factors promoting growth
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The COVID-19 outbreak in the year 2020 was expected to have a negative impact on the guide extension catheter market. This is due to the decrease in the number of coronary surgical procedures. Both coronary angiography and PCI volumes decreased by 64.0% in April 2020 as compared to April 2019 according to NCBI in 2021. However, due to the ease of restriction, countries have resumed elective procedures, suggesting that the market will keep growing during the forecasted period. These qualities are anticipated to create lucrative market growth opportunities.
CVDs have become one of the major causes of mortality and morbidity worldwide during the last three decades. As per the CDC in 2021, heart disease is a leading cause of death in both sexes and members of the majority of the racial & ethnic groups in the U.S. Moreover, CVD claims 1 life every 34 seconds in the U.S. Guide extension catheters increase guide back-up support and are crucial in complex PCI procedures. Thus, increasing cases of CVDs globally are anticipated to drive the number of cardiac catheterizations, angioplasty, and Percutaneous Coronary Intervention (PCI), thereby contributing to the market growth.
Moreover, technological advancements in guide extension catheters can support professionals in identifying patients with a high risk of disease which is anticipated to stimulate market growth. For instance, in May 2019, Medtronic announced the launch of Telescope (TM) Guide Extension Catheter, a newly designed catheter to provide additional backup support and access to distal lesions. As a result, the market is expected to grow during the forecast period.
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List of Key Players in the Guide Extension Catheter Market
· Boston Scientific Corporation
· Medtronic
· QX Médical
· Teleflex Incorporated
· Seigla Medical, Inc.
· IMDS (Interventional Medical Device Solutions)
· Nipro Corporation
· Terumo Corporation
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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Segmented the global guide extension catheter market based on the material, size, end-use, and regions.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.1.1 Size
1.1.2 Material
1.1.3 End-Use
1.1.4 Regional Scope
1.1.5 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information procurement
1.3.1 Purchased Database:
1.3.2 Gvr’s Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.1.1 Approach 1: Commodity Flow Approach
1.6.2 Volume Price Analysis (Model 2)
1.6.2.1 Approach 2: Volume price analysis
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 List of Abbreviations
1.10 Objectives
1.10.1 Objective 1
1.10.2 Objective 2
1.10.3 Objective 3
1.10.4 Objective 4
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 Guide Extension Catheter Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 User Perspective Analysis
3.3.1 Consumer Behavior Analysis
3.3.2 Market Influencer Analysis
3.4 List Of Key End-Users
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Rising prevalence of Cardiovascular Diseases (CVDS)
3.5.1.2 Rising incidence of diabetes across the globe
3.5.1.3 Favorable reimbursement policies for coronary intervention procedures
3.5.2 Market Restraints Analysis
3.5.2.2 Lack of skilled professionals in the low- and middle-income countries
3.5.2.3 Stringent regulatory policies related to the product approval
3.5.3 Market Opportunities Analysis
3.5.3.1 Development of specialized devices and treatment techniques
3.5.3.2 Launch of new product lines in the market
3.6 Guide Extension Catheter: Market Analysis Tools
3.6.1 Industry Analysis - Porter’s
3.6.2 Swot Analysis, By Pest
3.7 Impact of COVID-19 on Market& Post Pandemic Insights
Chapter 4 Guide Extension Catheter Market: Segment Analysis, BySize, 2018 - 2030 (USD Million)
4.1 Definition and Scope
4.2 Size Market Share Analysis, 2021 & 2030
4.3 Segment Dashboard
4.4 Global Guide Extension Catheter Market, by Size, 2018 to 2030
4.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030
4.5.1 0.056” catheter
4.5.1.1 0.056” catheters market, 2018 - 2030 (USD Million)
4.5.2 0.057" catheter
4.5.2.1 0.057” catheters market, 2018 - 2030 (USD Million)
4.5.3 0.066” catheter
4.5.3.1 0.066” catheters market, 2018 - 2030 (USD Million)
4.5.4 Others
4.5.4.1 Others market, 2018 - 2030 (USD Million)
Chapter 5 Guide Extension Catheter Market: Segment Analysis, By Material, 2018 - 2030 (USD Million)
5.1 Definition and Scope
5.2 Material Market Share Analysis, 2021 & 2030
5.3 Segment Dashboard
5.4 Global Guide Extension Catheter Market, by Material, 2018 to 2030
5.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030
5.5.1 Stainless Stee lcatheters
5.5.1.1 Stainless steel catheters market, 2018 - 2030 (USD Million)
5.5.2 Platinum Iridium Catheter
5.5.2.1 Platinum Iridium catheters market, 2018 - 2030 (USD Million)
Chapter 6 Guide Extension Catheter Market: Segment Analysis, ByEnd-use, 2018 - 2030 (USD Million)
6.1 Definition and Scope
6.2 End-use Market Share Analysis, 2021 & 2030
6.3 Segment Dashboard
6.4 Global Guide Extension Catheter Market, by End-use, 2018 to 2030
6.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030
6.6.1 Hospitals
6.6.1.1 Hospitals market, 2018 - 2030 (USD Million)
6.6.2 Clinics
6.6.2.1 Clinics market, 2018 - 2030 (USD Million)
6.6.3 Ambulatory Surgical Centers
6.6.3.1 Ambulatory surgical centers market, 2018 - 2030 (USD Million)
The persuasive Hydrophilic Coated Intermittent Catheters Market business report has used two usually used and deeply imbedded tools: SWOT analysis and Porter’s Five Forces analysis.
With the statistics and data involved in this study, companies can gain an inclusive understanding of the general market conditions and recent advancements.Market share information is offered for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately.
Our analysts comprehend competitive powers and provide competitive analysis for each competitor discretely.
Individual market affecting elements and changes in market directive which impact existent and future market trends are also provided in the regional division of the Hydrophilic Coated Intermittent Catheters Market study.
While providing prognosis of the regional data, the presence and obtainability of international brands, as well as the difficulties they face due to substantial or scarce competition from domestic brands, the influence of domestic prices, and trade directions are all taken into consideration.Get a Sample Copy of the Report to understand the structure of the complete reporthttps://www.oneupbusinessinsights.com/request_sample.php?tname=315405Top key players: Adapta Medical, B. Braun Melsungen AG, Becton Dickinson Company, Coloplast A/S, ConvaTec Healthcare B S.à.r.l, Cure Medical, Hollister Inc., Medical Technologies of Georgia Inc., Pennine Healthcare, and Teleflex Incorporated.Segmentation of Hydrophilic Coated Intermittent Catheters Market:Product Type CoverageMale Type CatheterFemale Type CatheterApplication CoverageBenign Prostate Hyperplasia (BPH)Urinary IncontinenceSpinal Cord InjuriesOthersHydrophilic Coated Intermittent Catheters Market: Regional Segment AnalysisMore Information:The report includes six parts, dealing with:1.)
The Asia Hydrophilic Coated Intermittent Catheters Market;3.)
The global catheters market is expected to reach USD 46.05 billion by 2020, according to a new report by Grand View Research.
Key factors driving the market growth include growing prevalence of obesity, diabetes and cardiovascular diseases and rising demand for minimally invasive procedures.
Introduction of advanced catheters with improved efficacies and increasing number of minimally invasive procedures in emerging Asian markets such as China and India are expected to support the market growth.Research improvements in clinical trials to inhibit the growth of bio-film development on urinary catheter and introduction of hydrophilic coatings for catheter based delivery systems is anticipated to upsurge the demand of novel catheters for various surgical procedures.
Furthermore, growth in the global geriatric population, which is highly prone to infectious diseases, is also expected to attribute towards the industry growth.Unhealthy lifestyle habits such as excessive smoking, alcohol consumption and medical conditions like diabetes that consequently widens the consumer base by facilitating the need for catheter in surgical procedures, is anticipated to significantly boost the usage rate.Cardiovascular catheters is estimated to account for the largest share in 2013 over 39.0% owing to the introduction of technologically advanced devices and high acceptance of this catheter in cardiac interventional procedures such as angiography and angioplasty.However, specialty segment is expected to witness significant gains with the CAGR over 12.0% during the forecast period due to the presence of advance product portfolio that meet the needs of wide spectrum of urological applications such as Foley catheter.Europe is expected to account for nearly 40% of the global revenue generated in 2020 owing to the presence of favorable government initiatives and a sophisticated healthcare infrastructure.Asia Pacific is expected to witness the highest growth at a CAGR of 14.3% over the forecast period owing to novel products development and improving healthcare infrastructure in the region during the forecast period.Key players of the catheter market include Boston Scentific Corporation, Abbott Laboratories, Johnson & Johnson, C.R Bard, Convatech, Cure Medical, Stryker Corporation, and Covidien.
Constant research activities conducted in R departments and introduction of novel products such as NC Euphora Noncomplaint Balloon Dilation and collaboration with the International Diabetes Federation by Medtronic Inc, account for some of key strategic initiatives implemented by the major players.
Drug eluting balloon catheter is witnessing robust adoption owing to its overwhelming results in cardiovascular and peripheral artery procedures.
Moreover, drug eluting balloon catheter is also turning out to be useful for patients who are unable to undergo percutaneous coronary intervention (PCI) procedures.
Encouraged by this situation, various drug eluting balloon catheter manufacturers across the globe are now increasing their production capacity.
The aforementioned factors are reflecting favourably on the global sales of the drug eluting balloon catheter.Also, companies are aiming to manufacture cost-effective catheters that in order to increase market penetration.
Growing prevalence of cardiovascular diseases and soaring incidences of cardiology intervention procedures is facilitating the growth of the global drug eluting balloon catheter market.
Fact.MR projects that the global market for drug eluting balloon catheter will surge at a robust CAGR between 2018 and 2022.In addition, factors such as enhanced reimbursement policies, rising geriatric population and growing healthcare expenditure are anticipated to positively impact the market’s growth.
