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Global Diagnostic Catheter Market - Projected to Reach $4 Billion by 2021 - By Type, Application Area, End User & Region - Research and Markets

[January 13, 2017]

Global Diagnostic Catheter Market - Projected to Reach $4 Billion by 2021 - By Type, Application Area, End User & Region - Research and Markets

Research and Markets has announced the addition of the "Diagnostic Catheter Market - Global Forecast to 2021" report to their offering.

The global diagnostic catheters market is projected to reach USD 4.30 billion by 2021 from USD 3.02 billion in 2016, at a CAGR of around 7.3% from 2016 to 2021.

This growth is primarily attributed to the factors such as the rising geriatric population, the increasing prevalence of cardiovascular disorders, growing number of minimally invasive surgeries, growth in the number of diagnostic imaging centers, and technological advancements in imaging catheters. In addition, increasing investments in the healthcare industry by key market players and increasing government and private sector investments are encouraging the growth of the diagnostic catheters market. Factors such as dearth of skilled professionals, high cost of advanced catheters, and the reuse of single-use diagnostic catheters are hamering the uptake of the imaging catheters.

In 2015, North America accounted for the largest share to the global diagnostic catheters market, followed by Europe, Asia-Pacific, and the RoW. Growth in the North American market is driven by the rising geriatric population and the increasing prevalence of cardiovascular disorders in the region, growing demand for minimally invasive surgeries, growth in the number of diagnostic and imaging centers, and technological advancements in imaging catheters.

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