Industry Background:
Intelligent Catheters is defined as the medical devices which can be inserted in the body to treat diseases and perform a surgical procedure. It is made from the master-slave mechanism and it has three components in a robotically controlled catheter system, for instance, micro force sensor as a sensing device, catheter controller as a slave and a joystick as a master. Technology advances in health care facilities, growing health care spending and rising adoption of advanced products are among the major benefits that have, in turn, led to the growth of the market over the forecast period.
According to AMA Research, the market for Intelligent Catheter is expected to register a CAGR of 8.5% during the forecast period to 2030. This growth is primarily driven by Rising Geriatric Population is Prone to Various Chronic Diseases
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Wansheng (China), WQSCI (Malaysia), Dawei (Myanmar), Abbott Laboratories (United States) and Arrow International Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2022, Shockwave Medical launched its Shockwave M5+ peripheral intravascular lithotripsy catheter after receiving both the CE mark and the United States Food and Drug Administration (FDA) clearance.
In February 2024, CERENOVUS, part of Johnson & Johnson MedTech, announced the launch of CEREGLIDE 71 Intermediate Catheter with TruCourse Technology for revascularization of patients with acute ischemic stroke.The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Influencing Trend:
Technological Advancement in Catheters Market and Rising Demand for Minimally Invasive Medical Procedures
Market Growth Drivers:
Rising Geriatric Population is Prone to Various Chronic Diseases, Rising Prevalence of Cardiovascular Diseases and Increasing Incidence of Obesity, Lifestyle Patterns, and Unhealthy Dietary Habits
Challenges:
Lack of Awareness Regarding Intelligent Catheter
Restraints:
Increase in the Catheter Based Hospital Acquired Infections
Opportunities:
Rising Demand from Emerging Economics such as India, China and other
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Intelligent Catheter Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Intelligent Catheter Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Intelligent Catheter players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Intelligent Catheter Study Sheds Light on
The Intelligent Catheter Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Intelligent Catheter industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Intelligent Catheter industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.