“According to the Food and Drug Administration, to avoid duplicative listings, a cardiovascular device that has two or more types of uses (e.g., used both as a diagnostic device and as a therapeutic device) is listed only in one subpart. Before FDA requires that a device commercially distributed before the enactment date of the amendments, or a device that has been found substantially equivalent to such a device, has approval under section 515 of the act FDA must promulgate a regulation under section 515(b) of the act requiring such approval. Such a regulation under section 515(b) of the act shall not be effective during the grace period ending on the 90th day after its promulgation or on the last day of the 30th full calendar month after the regulation that classifies the device into class III is effective, whichever is later.”
The article cited AMA's "Global Imaging Diagnostic Catheters Market Study" explored CAGR of 18.4%. According to the report, Rising Adoption of Minimally Invasive Techniques
is one of the primary growth factors for the market. Rapid Growth in Geriatric Population
is also expected to contribute significantly to the Imaging Diagnostic Catheters market. Overall, applications of Imaging Diagnostic Catheters, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Offline Retail, is boosting the Imaging Diagnostic Catheters market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End User, such as Hospitals, is boosting the Imaging Diagnostic Catheters market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Imaging Diagnostic Catheters market identified that the demand is rising in many different parts of the world as "Increasing Demand of Sterile and Disposable Catheters
". Furthermore, some recent industry insights like "In May 2019 – Medtronic plc launched a telescope guide extension catheter. Which is design to provide additional backup support and access to distal lesions during angioplasty procedures that help to restore blood flow through the coronary and peripheral arteries." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Imaging Diagnostic Catheters market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Imaging Diagnostic Catheters market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.