Cardiac Diagnostics Catheters Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Cardiac diagnostic catheters are thin, flexible tubes inserted into the heart through a vein or artery to diagnose and treat heart-related conditions. These catheters are used to measure blood pressure and oxygen levels in the heart, take tissue samples, and perform diagnostic imaging tests such as angiography that use contrast dyes and X-rays to visualize blood vessels in the heart. Cardiac diagnostic catheters, to provide a complete evaluation of heart function, are normally employed in conjunction with complementary diagnostic tools like electrocardiographic ECG and echocardiography. They are often used to diagnose heart disease, valve disorders, arrhythmias, and congenital heart defects.
The “Global Cardiac Diagnostics Catheters Market Analysis to 2028” is a specialized and in-depth study of the medical devices industry with a special focus on global market trend analysis. The report aims to provide an overview of the cardiac diagnostics catheters Market with detailed market segmentation by product, indications, end-user, and geography. The report provides key statistics on the market status of the leading cardiac diagnostics catheters market players and offers key trends and opportunities in the market.
MARKET DRIVERS
Factors driving the cardiac diagnostics catheters market growth are the rising prevalence of cardiovascular diseases, technological advancement in catheters, and an increase in demand for minimally invasive treatments. However, the device and procedure costs are high, and lack of skilled professionals. The increase in demand for minimally invasive treatments is boosting the market growth. In terms of patients and doctors, a preference is emerging for the use of less intrusive procedures like catheter diagnostics due to several advantages they provide over conventional diagnostic methods. The reduction in pain, a shorter recovery period, and fewer scars are also associated with these benefits. Therefore, the demand for diagnostic catheters is driven by the growing number of patients who prefer to undergo less extensive procedures. These devices allow doctors to access the inside of the body without too much incision, which has a major impact on Minimally Invasive Procedures. Such tools can collect important diagnostic data such as blood flow and pressure measurements without more invasive procedures. Additionally, advancements in technology, such as robotic-assisted surgery, have made minimally invasive treatments more effective, leading to increased demand. Thus, the Increase in demand for minimally invasive treatments is fueling the cardiac diagnostics catheters market growth.
GLOBAL SEGMENTAL ANALYSIS
The global cardiac diagnostics catheters market is segmented product, indications, and end-user. The global cardiac diagnostics catheters market based on the product bifurcated into diagnostic imaging catheters and non-imaging diagnostic catheters. Diagnostic imaging catheters segment is further sub segmented into angiography catheters, electrophysiology catheters, ultrasound catheters, optical coherence tomography catheters, and others. The non-imaging diagnostic catheters is further sub segmented into pressure & hemodynamic monitoring catheters, temperature monitoring catheters, and others. Based on indication, the market is segmented into coronary artery disease, evaluate the left ventricular function, assessment of pericardial and myocardial diseases, assessment of congenital heart diseases, and evaluation of heart failure. The market is segmented into hospitals, diagnostic centers, and others based on end user.
Based on end user, the hospital segment dominates the global cardiac diagnostics catheters market share. In terms of patients and doctors, a preference is emerging for the use of less intrusive procedures like catheter diagnostics due to several advantages they provide over conventional diagnostic methods. Most of the hospitals provide the cardiac diagnostics using catheters. Further increasing number of hospitals with cardiac care unit is driving the segment growth. Thus, the hospital segment drives the growth of the cardiac diagnostics catheters market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides cardiac diagnostics catheters market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & central America. The cardiac diagnostics catheters market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & central America after evaluating political, economic, social and technological factors affecting the cardiac diagnostics catheters market in these regions.
Asia Pacific region is expected to grow with fastest growth rate. The growing awareness of invasive surgery and rising demand for technically advanced imaging equipment contributed to the dominant position on the market. The market growth in emerging countries will be stimulated by initiatives and massive investments in improving healthcare infrastructure in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides cardiac diagnostics catheters market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & central America. The cardiac diagnostics catheters market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & central America after evaluating political, economic, social and technological factors affecting the cardiac diagnostics catheters market in these regions.
Asia Pacific region is expected to grow with fastest growth rate. The growing awareness of invasive surgery and rising demand for technically advanced imaging equipment contributed to the dominant position on the market. The market growth in emerging countries will be stimulated by initiatives and massive investments in improving healthcare infrastructure in these regions.
MARKET PLAYERS
The report covers key developments in the cardiac diagnostics catheters market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the cardiac diagnostics catheters market are anticipated to have lucrative growth opportunities in the future with the rising demand for cardiac diagnostics catheters in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cardiac diagnostics catheters market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott Laboratories
- Boston Scientific Corporation
- Ares Medikal
- Medtronic plc
- BrosMed Medical Co. Ltd.
- Cascade Health Care
- Johnson & Johnson
- Koninklijke Philips N.V.
- Merit Medical Systems
- Teleflex Incorporated
Recent Developments
- In August 2022, Medtronic fully completed the acquisition of Affera, Inc. By incorporating its first-ever cardiac mapping and navigation technology that provides a unique, completely integrated diagnostic-focused pulsed field and radiofrequency ablation solution; this purchase has made it possible to increase the company's offer of cardiac ablation technologies.
- In February 2022, the FDA approved an expanded indication for the use of specialized catheters and coronary guidewires during CTO PCI procedures for Teleflex.
- In Sep 2022, The OCTARAY mapping catheter, powered by TRUEre Technology and CARTO3 Version 7, is now available from Biosense Webster Inc., part of J&J MedTechii. OCTARA mapping catheters have been developed to map cardiac arrhythmias, including atrial fibrillation AFib. This catheter has eight strands with improved electrode spacing options to provide a shorter, more efficient mapping time than PENTARAYTM NAV ECO Mapping Catheters, which may shorten the overall ablation period.
- In May 2023, Abbott said it had received FDA approval for its TactiFlex Ablation Catheter, a sensor-enabled catheter expressed by the company as the world's most advanced ablation catheter that uses an innovative tip and contact force technology.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cardiac Diagnostics Catheters Market - By Product
1.3.2 Cardiac Diagnostics Catheters Market - By Indications
1.3.3 Cardiac Diagnostics Catheters Market - By End-User
1.3.4 Cardiac Diagnostics Catheters Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CARDIAC DIAGNOSTICS CATHETERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CARDIAC DIAGNOSTICS CATHETERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CARDIAC DIAGNOSTICS CATHETERS MARKET - GLOBAL MARKET ANALYSIS
6.1. CARDIAC DIAGNOSTICS CATHETERS - GLOBAL MARKET OVERVIEW
6.2. CARDIAC DIAGNOSTICS CATHETERS - GLOBAL MARKET AND FORECAST TO 2030
6.3. MARKET POSITIONING
7. CARDIAC DIAGNOSTICS CATHETERS MARKET - REVENUE AND FORECASTS TO 2030 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. DIAGNOSTIC IMAGING CATHETERS
7.3.1. Overview
7.3.2. Diagnostic imaging Catheters Market Forecast and Analysis
7.3.3. angiography catheters Market
7.3.3.1. Overview
7.3.3.2. angiography catheters Market Forecast and Analysis
7.3.4. electrophysiology catheters Market
7.3.4.1. Overview
7.3.4.2. electrophysiology catheters Market Forecast and Analysis
7.3.5. ultrasound catheters Market
7.3.5.1. Overview
7.3.5.2. ultrasound catheters Market Forecast and Analysis
7.3.6. optical coherence tomography catheters Market
7.3.6.1. Overview
7.3.6.2. optical coherence tomography catheters Market Forecast and Analysis
7.3.7. others Market
7.3.7.1. Overview
7.3.7.2. others Market Forecast and Analysis
7.4. NON-IMAGING DIAGNOSTIC CATHETERS
7.4.1. Overview
7.4.2. Non-imaging Diagnostic Catheters Market Forecast and Analysis
7.4.3. Pressure and Hemodynamic monitoring catheters Market
7.4.3.1. Overview
7.4.3.2. Pressure and Hemodynamic monitoring catheters Market Forecast and Analysis
7.4.4. temperature monitoring catheters Market
7.4.4.1. Overview
7.4.4.2. temperature monitoring catheters Market Forecast and Analysis
7.4.5. others Market
7.4.5.1. Overview
7.4.5.2. others Market Forecast and Analysis
8. CARDIAC DIAGNOSTICS CATHETERS MARKET - REVENUE AND FORECASTS TO 2030 - INDICATIONS
8.1. OVERVIEW
8.2. INDICATIONS MARKET FORECASTS AND ANALYSIS
8.3. CORONARY ARTERY DISEASE
8.3.1. Overview
8.3.2. Coronary artery disease Market Forecast and Analysis
8.4. EVALUATE THE LEFT VENTRICULAR FUNCTION
8.4.1. Overview
8.4.2. Evaluate the left ventricular function Market Forecast and Analysis
8.5. ASSESSMENT OF PERICARDIAL AND MYOCARDIAL DISEASES
8.5.1. Overview
8.5.2. Assessment of pericardial and myocardial diseases Market Forecast and Analysis
8.6. ASSESSMENT OF CONGENITAL HEART DISEASES
8.6.1. Overview
8.6.2. Assessment of congenital heart diseases Market Forecast and Analysis
8.7. EVALUATION OF HEART FAILURE
8.7.1. Overview
8.7.2. Evaluation of heart failure Market Forecast and Analysis
9. CARDIAC DIAGNOSTICS CATHETERS MARKET - REVENUE AND FORECASTS TO 2030 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. HOSPITALS
9.3.1. Overview
9.3.2. Hospitals Market Forecast and Analysis
9.4. DIAGNOSTIC CENTERS
9.4.1. Overview
9.4.2. Diagnostic Centers Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. CARDIAC DIAGNOSTICS CATHETERS MARKET REVENUE AND FORECASTS TO 2030 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Cardiac Diagnostics Catheters Market Overview
10.1.2 North America Cardiac Diagnostics Catheters Market Forecasts and Analysis
10.1.3 North America Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Product
10.1.4 North America Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Indications
10.1.5 North America Cardiac Diagnostics Catheters Market Forecasts and Analysis - By End-User
10.1.6 North America Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Countries
10.1.6.1 United States Cardiac Diagnostics Catheters Market
10.1.6.1.1 United States Cardiac Diagnostics Catheters Market by Product
10.1.6.1.2 United States Cardiac Diagnostics Catheters Market by Indications
10.1.6.1.3 United States Cardiac Diagnostics Catheters Market by End-User
10.1.6.2 Canada Cardiac Diagnostics Catheters Market
10.1.6.2.1 Canada Cardiac Diagnostics Catheters Market by Product
10.1.6.2.2 Canada Cardiac Diagnostics Catheters Market by Indications
10.1.6.2.3 Canada Cardiac Diagnostics Catheters Market by End-User
10.1.6.3 Mexico Cardiac Diagnostics Catheters Market
10.1.6.3.1 Mexico Cardiac Diagnostics Catheters Market by Product
10.1.6.3.2 Mexico Cardiac Diagnostics Catheters Market by Indications
10.1.6.3.3 Mexico Cardiac Diagnostics Catheters Market by End-User
10.2. EUROPE
10.2.1 Europe Cardiac Diagnostics Catheters Market Overview
10.2.2 Europe Cardiac Diagnostics Catheters Market Forecasts and Analysis
10.2.3 Europe Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Product
10.2.4 Europe Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Indications
10.2.5 Europe Cardiac Diagnostics Catheters Market Forecasts and Analysis - By End-User
10.2.6 Europe Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Cardiac Diagnostics Catheters Market
10.2.6.1.1 Germany Cardiac Diagnostics Catheters Market by Product
10.2.6.1.2 Germany Cardiac Diagnostics Catheters Market by Indications
10.2.6.1.3 Germany Cardiac Diagnostics Catheters Market by End-User
10.2.6.2 France Cardiac Diagnostics Catheters Market
10.2.6.2.1 France Cardiac Diagnostics Catheters Market by Product
10.2.6.2.2 France Cardiac Diagnostics Catheters Market by Indications
10.2.6.2.3 France Cardiac Diagnostics Catheters Market by End-User
10.2.6.3 Italy Cardiac Diagnostics Catheters Market
10.2.6.3.1 Italy Cardiac Diagnostics Catheters Market by Product
10.2.6.3.2 Italy Cardiac Diagnostics Catheters Market by Indications
10.2.6.3.3 Italy Cardiac Diagnostics Catheters Market by End-User
10.2.6.4 Spain Cardiac Diagnostics Catheters Market
10.2.6.4.1 Spain Cardiac Diagnostics Catheters Market by Product
10.2.6.4.2 Spain Cardiac Diagnostics Catheters Market by Indications
10.2.6.4.3 Spain Cardiac Diagnostics Catheters Market by End-User
10.2.6.5 United Kingdom Cardiac Diagnostics Catheters Market
10.2.6.5.1 United Kingdom Cardiac Diagnostics Catheters Market by Product
10.2.6.5.2 United Kingdom Cardiac Diagnostics Catheters Market by Indications
10.2.6.5.3 United Kingdom Cardiac Diagnostics Catheters Market by End-User
10.2.6.6 Rest of Europe Cardiac Diagnostics Catheters Market
10.2.6.6.1 Rest of Europe Cardiac Diagnostics Catheters Market by Product
10.2.6.6.2 Rest of Europe Cardiac Diagnostics Catheters Market by Indications
10.2.6.6.3 Rest of Europe Cardiac Diagnostics Catheters Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Cardiac Diagnostics Catheters Market Overview
10.3.2 Asia-Pacific Cardiac Diagnostics Catheters Market Forecasts and Analysis
10.3.3 Asia-Pacific Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Product
10.3.4 Asia-Pacific Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Indications
10.3.5 Asia-Pacific Cardiac Diagnostics Catheters Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Cardiac Diagnostics Catheters Market
10.3.6.1.1 Australia Cardiac Diagnostics Catheters Market by Product
10.3.6.1.2 Australia Cardiac Diagnostics Catheters Market by Indications
10.3.6.1.3 Australia Cardiac Diagnostics Catheters Market by End-User
10.3.6.2 China Cardiac Diagnostics Catheters Market
10.3.6.2.1 China Cardiac Diagnostics Catheters Market by Product
10.3.6.2.2 China Cardiac Diagnostics Catheters Market by Indications
10.3.6.2.3 China Cardiac Diagnostics Catheters Market by End-User
10.3.6.3 India Cardiac Diagnostics Catheters Market
10.3.6.3.1 India Cardiac Diagnostics Catheters Market by Product
10.3.6.3.2 India Cardiac Diagnostics Catheters Market by Indications
10.3.6.3.3 India Cardiac Diagnostics Catheters Market by End-User
10.3.6.4 Japan Cardiac Diagnostics Catheters Market
10.3.6.4.1 Japan Cardiac Diagnostics Catheters Market by Product
10.3.6.4.2 Japan Cardiac Diagnostics Catheters Market by Indications
10.3.6.4.3 Japan Cardiac Diagnostics Catheters Market by End-User
10.3.6.5 South Korea Cardiac Diagnostics Catheters Market
10.3.6.5.1 South Korea Cardiac Diagnostics Catheters Market by Product
10.3.6.5.2 South Korea Cardiac Diagnostics Catheters Market by Indications
10.3.6.5.3 South Korea Cardiac Diagnostics Catheters Market by End-User
10.3.6.6 Rest of Asia-Pacific Cardiac Diagnostics Catheters Market
10.3.6.6.1 Rest of Asia-Pacific Cardiac Diagnostics Catheters Market by Product
10.3.6.6.2 Rest of Asia-Pacific Cardiac Diagnostics Catheters Market by Indications
10.3.6.6.3 Rest of Asia-Pacific Cardiac Diagnostics Catheters Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Cardiac Diagnostics Catheters Market Overview
10.4.2 Middle East and Africa Cardiac Diagnostics Catheters Market Forecasts and Analysis
10.4.3 Middle East and Africa Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Product
10.4.4 Middle East and Africa Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Indications
10.4.5 Middle East and Africa Cardiac Diagnostics Catheters Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Cardiac Diagnostics Catheters Market
10.4.6.1.1 South Africa Cardiac Diagnostics Catheters Market by Product
10.4.6.1.2 South Africa Cardiac Diagnostics Catheters Market by Indications
10.4.6.1.3 South Africa Cardiac Diagnostics Catheters Market by End-User
10.4.6.2 Saudi Arabia Cardiac Diagnostics Catheters Market
10.4.6.2.1 Saudi Arabia Cardiac Diagnostics Catheters Market by Product
10.4.6.2.2 Saudi Arabia Cardiac Diagnostics Catheters Market by Indications
10.4.6.2.3 Saudi Arabia Cardiac Diagnostics Catheters Market by End-User
10.4.6.3 U.A.E Cardiac Diagnostics Catheters Market
10.4.6.3.1 U.A.E Cardiac Diagnostics Catheters Market by Product
10.4.6.3.2 U.A.E Cardiac Diagnostics Catheters Market by Indications
10.4.6.3.3 U.A.E Cardiac Diagnostics Catheters Market by End-User
10.4.6.4 Rest of Middle East and Africa Cardiac Diagnostics Catheters Market
10.4.6.4.1 Rest of Middle East and Africa Cardiac Diagnostics Catheters Market by Product
10.4.6.4.2 Rest of Middle East and Africa Cardiac Diagnostics Catheters Market by Indications
10.4.6.4.3 Rest of Middle East and Africa Cardiac Diagnostics Catheters Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Cardiac Diagnostics Catheters Market Overview
10.5.2 South and Central America Cardiac Diagnostics Catheters Market Forecasts and Analysis
10.5.3 South and Central America Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Product
10.5.4 South and Central America Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Indications
10.5.5 South and Central America Cardiac Diagnostics Catheters Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Cardiac Diagnostics Catheters Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Cardiac Diagnostics Catheters Market
10.5.6.1.1 Brazil Cardiac Diagnostics Catheters Market by Product
10.5.6.1.2 Brazil Cardiac Diagnostics Catheters Market by Indications
10.5.6.1.3 Brazil Cardiac Diagnostics Catheters Market by End-User
10.5.6.2 Argentina Cardiac Diagnostics Catheters Market
10.5.6.2.1 Argentina Cardiac Diagnostics Catheters Market by Product
10.5.6.2.2 Argentina Cardiac Diagnostics Catheters Market by Indications
10.5.6.2.3 Argentina Cardiac Diagnostics Catheters Market by End-User
10.5.6.3 Rest of South and Central America Cardiac Diagnostics Catheters Market
10.5.6.3.1 Rest of South and Central America Cardiac Diagnostics Catheters Market by Product
10.5.6.3.2 Rest of South and Central America Cardiac Diagnostics Catheters Market by Indications
10.5.6.3.3 Rest of South and Central America Cardiac Diagnostics Catheters Market by End-User
11. IMPACT OF COVID-19 PANDEMIC ON GLOBAL CARDIAC DIAGNOSTICS CATHETERS MARKET
11.1 North America
11.2 Europe
11.3 Asia-Pacific
11.4 Middle East and Africa
11.5 South and Central America
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CARDIAC DIAGNOSTICS CATHETERS MARKET, KEY COMPANY PROFILES
13.1. ABBOTT LABORATORIES
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BOSTON SCIENTIFIC CORPORATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ARES MEDIKAL
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. MEDTRONIC PLC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. BROSMED MEDICAL CO. LTD.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. CASCADE HEALTH CARE
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. JOHNSON & JOHNSON
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. KONINKLIJKE PHILIPS N.V.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. MERIT MEDICAL SYSTEMS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TELEFLEX INCORPORATED
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Abbott Laboratories
2. Boston Scientific Corporation
3. Ares Medikal
4. Medtronic plc
5. BrosMed Medical Co. Ltd.
6. Cascade Health Care
7. Johnson & Johnson
8. Koninklijke Philips N.V.
9. Merit Medical Systems
10. Teleflex Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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