Global Deflectable Catheters Market: Overview

Deflectable catheters are mainly utilized by the medical and healthcare professionals due their high utility as a drug delivery device or as a therapeutic device. It helps in the blood navigation across heart tissues and blood vessels that are under extensive stress. The growing demand for minimally invasive cardiovascular surgeries and their capacity to access various anatomical parts of the human body for the biopsy research is driving the growth of the global deflectable catheters market. In addition to this, increasing investments in the field of treatment of cardiovascular disorders has also opened up new avenues for the growth of the global deflectable catheters market.

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Global Deflectable Catheters Market: Notable Developments

Some of the recent notable developments in the global deflectable catheters market are listed below:

  • In August 2019, Boston Scientific Corporation announced that the company has completed the takeover of BTG Plc. This acquisition will help Boston Scientific to strengthen its development and commercialization capacities of products that are used in minimally invasive surgeries for the treatment of cancer, vascular, and cardiovascular diseases. It will also help in bolstering the specialty pharmaceuticals segment of the company.
  • In July 2019, BioCardia Inc. a prominent name in the global deflectable catheters market announced that the company has agreed to enter in a strategic partnership with AstraZeneca. The objective of the partnership is to develop comprehensive solutions for the regenerative therapies of cardiovascular disorder. Both the companies will extensively work on betterment and efficiency of BioCardia’s Helix™ biotherapeutic delivery catheters.

Global Deflectable Catheters Market: Drivers and Restraints

There are numerous factors that are influencing a positive growth of the global deflectable catheters market. The biggest driving factor of the global market is its use in minimally invasive surgeries such as electrophysiology and coronary interventions. There have several upgrades in the product over the years due to technological advancements. One key development is the deflection of catheter tip at a certain angle. It has helped massively in the treatment of cardiovascular disorders and thus has a growing demand. This has ultimately helped in the development of the deflectable catheters market.

Moreover, there has been a considerable rise in the number of cardiovascular disorders across the globe. In a recent study Center for Disease Control (CDC), the mortality rate in the US for patients suffering from heart conditions is equivalent to 1 death in every four people. Such high prevalence has naturally helped in the pushing up the demand for better treatment methods and medical equipment. It has ultimately helped in the development of the global deflectable catheters market.

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Global Deflectable Catheters Market: Geographical Outlook

The global deflectable catheters market is divided into five key geographical regions for the better understanding of its working dynamics. These regions are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of these regions, the global market is primarily dominated by North America region. The region accounted for more than one third of the market in recent years and is expected to continue to lead over the course of the given forecast period. The development of the deflectable catheters market in North America is influenced by the increasing prevalence of cardiovascular diseases.

Next in line is the Europe market for deflectable catheters. This market too shares the similar driving factors as those are of North America. Additionally, strict governmental guidelines about the use of effective treatment methods are expected to drive the Europe market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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Deflectable Catheters Market

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