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Diagnostic Catheters Market Size becoming larger and Massively Growing up with CAGR by 2027

Pune, Maharashtra, India, February 24 2021 (Wiredrelease) Allied Analytics –:The global market size of Diagnostic Catheters is $XX million in 2019 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with a CAGR of XX% from 2020 to 2027.

Diagnostic catheter is a hollow plastic tube of 2-3 mm diameter, which is inserted into the veins or arteries of the neck, leg, or arm under local anesthesia. These can be used to measure blood pressure inside heart chambers, collect blood sample, and conduct angiography (X-ray imaging of blood vessels using radiographic contrast materials).

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COVID-19 scenario-

1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

The global diagnostic catheters market is driven by rise in incidence of cardiovascular diseases, increase in the number of surgeries, high demand for minimally invasive techniques, and surge in geriatric population. Moreover, increase in government investments in healthcare sectors and rise in demand for sterile & disposable catheters fuel the market growth.

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The global diagnostic catheters market is segmented on the basis of technology, product, application, end user, and region.

•    Based on technology, it is bifurcated into imaging catheters and non-imaging catheters.
•    Based on product, it is divided into cardiovascular catheters, neurovascular catheters, urological catheters, intravenous catheters, and special catheters.
•    Based on application, it is classified into cardiology, gastroenterology, urology, neurology, and others (bronchoscopy and gynecology).
•    On the basis of end user, it is categorized into hospitals and diagnostic & imaging centers.
•    The market is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA

The Major Key Players Are:

Boston Scientific Corporation, St. Jude Medical, Inc., Medtronic, Johnson & Johnson, Koninklijke Philips N.V., B. Braun Melsungen AG, C. R. Bard, Inc., Cardinal Health, Inc., Edwards Lifesciences Corporation, and Terumo Corporation.

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Key Benefits:

•    The report presents the market analysis of the global diagnostic catheters market along with the regional trend and future estimations
•    It provides extensive information about the market segments from 2020 to 2027 to understand the market dynamics.
•    The key factors that drive, hamper, or provide opportunities to the market are provided in the report
•    Competitive landscape of the industry along with the profile analysis of market players is provided in the report.

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Last Updated: 24-Feb-2021