About Deflectable Catheters
Deflectable catheters are primarily used by medical and healthcare professionals. It consist of elongated catheter body with an electrode located along a distal section of the catheter body. As per an article of 2019, over 200 million people globally suffer from peripheral artery disease (PAD). North America accounted highest market share in 2019 and is expected to continue to dominance over the forecast period. The increasing occurrence of cardiovascular disorders and growing patient awareness regarding minimally invasive surgeries will drive the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Deflectable catheters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to deflectable catheters market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Laboratories (United States), Boston Scientific Corporation (United States), Biocardia Inc. (United States), Johnson & Johnson (United States), Teleflex Incorporated (United States), Medtronic plc (Ireland), Biomerics, LLC (United States), Cathrx Ltd (Australia), Osypka (United States), Biotronik (Germany) and JAPAN LIFELINE Co., Ltd (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Deflectable Catheters market by , Application (Coronary Interventions, Electrophysiology, Diagnostics Imaging and Peripheral Interventions) and Region.
On the basis of geography, the market of Deflectable Catheters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Hospitals and Clinics will boost the Deflectable Catheters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. Uni-Directional Catheters will boost the Deflectable Catheters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polytetrafluoroethylene (PTFE) will boost the Deflectable Catheters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Bi-directional Catheters
Market Growth Drivers:
Adoption of Advanced Materials in Catheters and Increasing Prevalence of Cardiovascular Disorders
Challenges:
Availability of Alternative Medical Devices
Restraints:
Risks and Complications Associated with Catheters
Opportunities:
Growing Occurrence of Minimally Invasive Procedures and Rising Awareness About Emerging Healthcare Developments
Market Leaders and their expansionary development strategies
In May 2023, Stryker Corporation, a leading medical device manufacturer, acquired Vascular Solutions, Inc., a developer of deflectable catheters for peripheral vascular interventions. The acquisition aimed to strengthen Stryker's position in the vascular surgery market and expand its portfolio of peripheral vascular solutions.
In October 2023, Stryker Corporation, a leading medical technology company, announced that it has received FDA approval for its new Neuroform Atlas Stent System, a deflectable catheter-based device used to treat intracranial stenosis, a narrowing of arteries in the brain. The Neuroform Atlas Stent System features a unique design that allows for precise placement and deployment, even in challenging anatomical situations.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Deflectable Catheters Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.