A catheter is a thin tube made of soft plastic material that can be injected into the body. Catheters are referred to as medical device. Diagnostic catheters are appropriate in performing several diagnostic procedures using different imaging techniques. These catheters are being used for various indications in different use areas such as cardiology, urology, gastroenterology, neurology, and others.This growth is primarily driven by Growth in the Number of Invasive Surgical Procedures and Increasing Prevalence of Cardiovascular Disorders.
Globally, a noticeable market trend is evident Advancements in Imaging Catheters Technology. Major Players, such as Boston Scientific Corporation (United States), St. Jude Medical, Inc. (United States), Medtronic plc. (Ireland), Johnson & Johnson (United States), Koninklijke Philips N.V. (The Netherlands), B. Braun Melsungen AG (Germany), Cardinal Health, Inc. (United States), C. R. Bard, Inc. (United States), Edward Lifesciences Corporation (United States) and Terumo Corporation (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On August 19, 2019 - Boston Scientific Corporation has announced the completion of its acquisition of BTG plc. BTG develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as specialty pharmaceuticals.
- Growth in the Number of Invasive Surgical Procedures
- Increasing Prevalence of Cardiovascular Disorders
- Advancements in Imaging Catheters Technology
- Lack of Skilled Professionals
Rising Preference for Oct Imaging Catheters in Intravascular Diagnostics
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