Deflectable Catheters - New Strategies of MIS Paving the Way for Innovation
Innovation gains center stage among deflectable catheter manufacturers, as they focus on the uptake of minimally invasive surgeries. The need for new pacing techniques to reduce concerns with atrioventricular and intraventricular dyssynchrony, has led the development of new delivery systems that minimize the operator learning curve and enable better, long-term technical outcomes.
Deflectable Catheters Market - Key Research Findings
1. Global deflectable catheters market size in 2018 – ~ US$ 1,500 Mn.
2. The deflectable catheters market value is anticipated to grow at a CAGR of ~ 4% over 2019-2029.
3. North America is expected to remain a prominent regional market for deflectable catheters
- Rise in the number of cardiac procedures and increase in the adoption of advanced products are among the main factors driving the growth of the deflectable catheters market in the region.
4. Leading companies present in the deflectable catheters market are focusing on expanding their geographical footprint through strategic mergers and acquisitions. Progressive distribution channels enable a more open market for companies to have an indirect presence across the world.
5. Hospitals and independent catheterisation labs offer lucrative market opportunities in the deflectable catheters market.
- Increasing number of independent catheterisation labs across the globe is expected to significantly boost the growth of the deflectable catheters market through the forecast period.
Top 3 Factors Shaping the Deflectable Catheters Market
Growing Availability of Highly Responsive Products such as Microcatheters
Manufacturers are finding routes to discover better products to cover most of the applications. Advancing microcatheters is one of the leading prospects in development by manufacturers, which helps in the intuitive decision-making performed by healthcare professionals. A significant number of such products are present in the research and development phase, some of which are available for use in the deflectable catheters market. Microcatheters bring out key features such as 3D navigation, mirrored torquability, and lock-to-treat mechanism. Such defining characters make it a more transparent and useful model to invest for greater financial growth.
Manufacturers Creating Value through Innovation, Thereby Achieving a Stronger Customer Base
The current leaders of the deflectable catheters market are moving to sustain premium segment leadership through each of their product offerings. The adoption rate of deflectable catheters due to their efficiency, material, and technology is increasing. However, the price difference of their product is significant as compared to other alternatives from smaller and regional manufacturers.
Creating a strong consumer base is important as the usage pattern for branded products is high in developed economies where the price is also significantly higher. This dependency upon or adoption of branded products by consumers guarantees the flow of revenue from the concerned segment for leading players.
Increase in Cases of Atrial Fibrillation, Globally
A 2013 study published in Circulation revealed that 33.5 million people around the world have Atrial Fibrillation (AFib). The number is increasing with each preceding year, and AFib accounts for over 60% of electrophysiology procedures. The supply and demand for deflectable catheters is strongly influenced by this increase, as deflectable catheters are mostly used during electrophysiology procedures.
Deflectable Catheters Market Structure Analysis
- The top four players operating in the deflectable catheters market contribute ~ 80% of the market value.
- Key players in the deflectable catheters market include JOHNSON & JOHNSON, MEDTRONIC PLC, Abbott, and Boston Scientific Corporation. Other key players in the deflectable catheters market include CathRx Ltd., Biotronik, OSYPKA AG, and others.
- Most players in the deflectable catheters market are focused on developing and enhancing their product offerings by reaching a greater patient pool. However, majority of the revenue of these companies is driven by branded deflectable catheters due to higher awareness and adoption.
Market Set to Grow 1.5X between 2019 and 2029
The vitality of deflectable catheters for patients with cardiovascular ailments has led these potential alternatives to CRT undergo a broader clinical uptake. Growing number of large-scale clinical trials allude at potential of deflectable catheters to become the mainstay for patients with pacemaker implant procedures.
Developed Markets - The Topographic Point for Stakeholders
The interplay of economic & technological vigor, favorable reimbursements, and safe surgical guidelines, have significantly influenced adoption of deflectable catheters in developed markets. North America and Europe collectively account for two-third sales of the deflectable catheters. Stakeholders are focusing on the production of cost-effective deflectable catheters to leverage the potential of developing and untapped markets, where economic constraints drive greater adoption of ‘reposable’ variants.
The Broader Perspective
Frontrunners in the deflectable catheters landscape have directed their focus toward advances in product design & mechanism, to make enhancements in performance and navigation capability. Sensing the prospective shortcoming of deflectable catheters – owing to lack of comprehensive evaluation systems for development – manufacturers are inclined toward overcoming the concern through the ‘function-behavior-structure (FBS),’ approach.
Bi-directional’ represents top-selling category, accounting for ~70% shares
Adoption of ‘uni- & multi-directional’ variants remains low
Sales in hospitals remain high, holding ~50% shares
Independent catheterization to account for measurable gains
How Growth will Unfold
As manufacturers focus on product advancements and innovation grows, the application scope of deflectable catheters is likely to broaden in the foreseeable future. Electrophysiology equipment such as electrophysiology equipment recording systems and catheters currently accounts for ~50% sales, while coronary interventions with the use of coronary guidewires and diagnostic imaging collectively account for ~40% sales.
Electrophysiology | Coronary Interventions | Diagnostic Imaging
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Deflectable Catheters Market: Global Industry Analysis (2014-2018) and Opportunity Assessment (2019-2029)
A recent market study published by FMI “Deflectable Catheters Market: Global Industry Analysis (2014-2018) and Opportunity Assessment (2019-2029)” consists of a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the deflectable catheters market, the growth prospects of the market are obtained with maximum precision. The report features the unique and salient factors that are likely to significantly impact the development of the deflectable catheters market during the forecast period.
Deflectable Catheters Market Taxonomy
The global deflectable catheters market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Product
- Uni-Directional Deflectable Catheters
- Bi-Directional Deflectable Catheters
- Multi-Directional Deflectable Catheters
By End User
- Hospitals
- Office Based Clinics
- Ambulatory Surgical Centers
- Independent Catheterization Labs
By Application
- Coronary Interventions
- Electrophysiology
- Diagnostics Imaging
- Peripheral Interventions
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
What's Included
The report commences with the executive summary of the deflectable catheters market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the deflectable catheters market.
Readers can find the detailed taxonomy and the definition of the deflectable catheters market in this chapter, which will help them understand the basic information about the deflectable catheters market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the deflectable catheters market report. The section also offers information on revenue opportunity.
The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market development or product innovations.
This section includes the key inclusions of the report. It includes key M&A activity, patient journey, key promotional strategies, patents issued, reimbursement scenario and procedure statistics for market expansion and opportunity analysis.
This section highlights the average price of uni-directional deflectable catheters, bi-directional deflectable catheters and multi-directional deflectable in different regions included in the scope. The pricing benchmark for manufacturer level pricing and distributor level pricing is analysed in this section.
This section explain the global market volume analysis and forecast for the deflectable catheters market between the periods from 2014-2029.
This section explain the global market value analysis and forecast for the deflectable catheters market between the forecast periods of 2014-2029 is highlights in this section. This chapter includes the detailed analysis of the historical deflectable catheters market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
This chapter explains the key macro-economic factors that are expected to influence the growth of the deflectable catheters market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the deflectable catheters market. This chapter also highlights the key market dynamics of the deflectable catheters market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the deflectable catheters market.
Based on product type, the deflectable catheters market is segmented into three segments including, uni-directional deflectable catheters, bi-directional deflectable catheters and multi-directional deflectable. In this chapter, readers can find information about the key trends and developments in the deflectable catheters market and market attractiveness analysis based on the product type.
Based on application, the deflectable catheters market is segmented into coronary interventions, electrophysiology, diagnostics imaging and peripheral interventions. In this chapter, readers can find information about the key trends and developments in the deflectable catheters market and market attractiveness analysis based on the application.
This chapter provides details about the deflectable catheters market on the basis of end user, and has been classified into hospitals, office based clinics, ambulatory surgical centers and independent catheterization labs. In this chapter, readers can understand the market attractive analysis based on end user.
This chapter explains how the deflectable catheters market will grow across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania, the Middle East & Africa (MEA)
This chapter includes a detailed analysis of the growth of the North America deflectable catheters market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional level pricing and volume of each application and product type.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America deflectable catheters market. This chapter also includes the growth prospects of the deflectable catheters market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the deflectable catheters market based on its end users in several countries, such as Germany, the UK, France, Spain, Italy, Russia, BENELUX and the Rest of Europe, are included in this chapter.
India, Indonesia, Thailand, Malaysia are the leading countries in the South Asia region that to obtain the growth prospects of the South Asia deflectable catheters market in this chapter. Readers can find detailed information about the growth parameters of the South Asia deflectable catheters market during the period 2019-2029.
This chapter highlights the growth of the deflectable catheters market in the East Asia by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the deflectable catheters market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania deflectable catheters market.
This chapter provides information about how the deflectable catheters market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Northern Africa and the rest of MEA, during the forecast period 2019 - 2029.
In this chapter, readers can find information about the market share each player has in the deflectable catheters market.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the deflectable catheters report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the deflectable catheters market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Portfolio Managers
- Purchasing Managers
- Medical Officers
- Device Development Heads
- Strategy Advisors
- R&D Managers
- Product Manufacturers
- Distributors
- Component Suppliers / OEMs
- Hospital Purchasing Departments
- Physicians / Nursing Managers
- Industry Experts
Secondary Research
- Industry Magazines
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Peer-reviewed Journals
- Government Websites and Publications
- Trade Websites
- Country-specific Regulatory Authorities
- World Bank, WHO, IMF, OECD
Primary Interview Splits
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