Global Cardiac Catheters & Guidewires Market is valued at approximately USD 12.98 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.56% over the forecast period 2022-2029. Cardiac catheters are flexible tube that is inserted into a blood vessel of the groin, arm, upper thigh, or neck for diagnosis and interventional purposes. Also, cardio guidewires are specialized equipment that is used to deliver therapies in the diseased region of the coronary arterial system that provide the heart muscle with oxygenated blood. This medical equipment helps in the opening of the blocked arteries and appropriate placement of devices. The rising incidences of cardiovascular diseases (CVDs), and the growing prevalence of diabetes, coupled with the presence of favourable reimbursement policies for coronary intervention procedures are the primary factors that are fueling the market demand around the world.

According to the World Health Organization (WHO) report 2021, there were approximately 17.9 million deaths responsible for cardiovascular diseases and was responsible for in 2019, which shows nearly 32% of all deaths globally. Therefore, the increasing cases of cardiovascular diseases are propelling the demand for cardiac catheters & guidewires, which is accelerating the market growth. In addition, increasing advancements in specialized devices and treatment techniques, as well as growing investments in technological developments are creating lucrative opportunities for market growth in the foreseen period. However, minimal use of ivus catheters in developing countries and a lack of skilled professionals are hindering market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Cardiac Catheters & Guidewires Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing investment in healthcare facilities, rising spending on medical services, and the presence of reimbursement policies. Whereas the Asia Pacific is expected to grow with the highest CAGRduring the forecast period. Factors such as the increasing prevalence of cardiac diseases, rising inclination towards health care services, increasing geriatric population, as well as the growing geriatric population are burgeoning the market growth in the forecasting years.

Major market players included in this report are:

Abbott

Boston Scientific Corp.

Getinge AB

Biosense Webster, Inc.

Terumo Medical Corp.

BIOTRONIK SE & Co. KG

Medtronic

BrosMed Medical Co., Ltd.

QXMedical

Teleflex Inc.

Recent Developments in the Market:

In November 2019, Terumo Medical Corp. declared the acquisition of Aortica Corp. to expand the company's personalized vascular therapy business segment to boost its industry share of the company.
In May 2019, Medtronic launched the Telescope Guide Extension Catheter to help in complicated coronary cases to offer access to distal lesions and further backup support. initiative aims to strengthen its customer base and industry share of the company.
Global Cardiac Catheters & Guidewires Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered Product, End User, Region

Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Cardiac Catheters

Cardiac Guidewires

By End User:

Hospitals

Clinics

Ambulatory Surgical Centers

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World