Global Diagnostic Catheters Market Report and Forecast 2024-2032

Global Diagnostic Catheters Market Outlook

The global diagnostic catheters market size was valued at USD 4.4 billion in 2023, driven by the demand to mitigate the high mortality rate associated with cardiovascular diseases globally. The market is expected to grow at a CAGR of 6.9% during the forecast period of 2024-2032, with the values likely to rise from USD 4.7 billion in 2024 to USD 8 billion by 2032.

Diagnostic Catheters: Introduction

A diagnostic catheter is a thin and flexible tube that penetrates the skin, arteries, or veins to navigate through the heart’s anatomy. It plays a vital role in the evaluation of a patient with a suspected heart disease. It helps with high quality imaging to facilitate a precise treatment for the patient.

With a diagnostic catheter, doctors can assess the presence and severity of a cardiac disease, such as a coronary artery disease, heart valve problems or cardiac muscle dysfunction. It can also be used to measure blood flow, take samples of the tissue, or manipulate stents.

Global Diagnostic Catheters Market Analysis

With an aging population and exhaustive lifestyle, the prevalence of cardiovascular diseases has increased over the years. About 20.5 million  people died from a cardiovascular condition in 2021, accounting for one third of all global deaths. To mitigate the mortality number, continuous research in the treatment and diagnostic field has been prominent.

A diagnostic catheter provides a precise point to action for doctors to work on. Nowadays, minimally invasive surgeries are preferred as they are less painful and have a lower risk of infection. Hence, there has been an influx of such devices in the market. Recently, Biotronik  has announced the launch of a multifunctional peripheral catheter “Oscar” intended for dilation of stenotic segments in peripheral vessels, which intends that the diagnostic catheters market value is anticipated to rise as well.

With a vision to collate healthcare and technology, industry pioneers have been engaging in merger acquisitions as well. Philips acquired a French medical device company called Cardiologs , that focuses on providing cardiac care solutions with the help of artificial technology and cloud technology. Such partnerships are a positive indicator of diagnostic catheters market growth in the future.

Global Diagnostic Catheters Market Segmentation

Market Breakup by Product Type

• Non-Imaging Diagnostic Catheter

• Pressure and Hemodynamic Monitoring Catheters

• Temperature Monitoring Catheters

• Others

• Diagnostic Imaging Catheter

• Angiography Catheters

• Electrophysiology Catheters

• Ultrasound Catheters

• Optical Coherence Tomography (OCT) Catheters

• Others

Market Breakup by Application

• Cardiology 

• Urology 

• Gastroenterology 

• Neurology 

• Others

Market Breakup by End User

• Hospitals 

• Specialty Clinics 

• Home Healthcare 

• Others

Market Breakup by Region

• North America  

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

Global Diagnostic Catheters Market Overview

High income countries, like the United States, have observed the fastest decline in cardiac disease related deaths in the historical period. This is a marker of a well-established medical system in the region. Yet, cardiovascular diseases are still a leading cause of deaths globally. This is because 4 out of 5 cardiovascular deaths occur in low-income countries.

Central Europe, Eastern Europe, and the central Asian region face the highest number of cardiovascular deaths across the globe. Therefore, it can be predicted that, in the coming years, cardiac procedures are likely to grow in the territory. The central Asian region holds a big portion of geriatric population, as a result, the prevalence of cardiac diseases is already high in the region.  Therefore, the diagnostic catheters market demand may see a rapid growth in the European and Asian region in the coming years.

Global Diagnostic Catheters Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Medtronic

• Siemens 

• Koninklijke Philips N.V. 

• Cardinal Health 

• BD 

• B. Braun Melsungen AG 

• Terumo Corporation 

• Hollister

• Teleflex Incorporated 

• Stryker 

• ConvaTec Group PLC 

• MicroPort Scientific Corporation 

• Meril Life Sciences Pvt.Ltd.

Key Highlights of the Report