(PharmaNewsWire.Com, December 16, 2017 ) The Asia Pacific Diagnostic Catheter Market was worth USD 604 million in 2016 and estimated to be growing at a CAGR of 7.8%, to reach USD 879.28 million by 2021. Catheters are thin tubes made of medical grade material such as plastic, silicon rubber, polyvinyl chloride (PVC), and nylon. Catheterization is a primary co-procedure performed with varied other medical procedures such as angioplasty, cardiac electrophysiology, and neurosurgery, wherein catheters are used.
Various drivers of the market include- the presence of a large patient population, increased patient awareness for minimally invasive surgeries, rapid rise in prevalence of cardiovascular and kidney disorders, growth in per capita income, and increasing investments in the healthcare industry by key market players. However, inadequate quality assurance and price competition at domestic levels are expected to hamper this growth.
End user • Hospitals • Imaging & Diagnostic Centers
On the basis of geography, the Asia-Pacific Diagnostic Catheter Market is analyzed under various regions namely India, China, Japan, Australia and South Korea. Asia-Pacific is expected to witness the highest growth during the forecast period.
The prominent players in the diagnostic catheter market are Boston Scientific Corporation (U.S.), St. Jude Medical, Inc. (U.S.), Medtronic plc (Ireland), Johnson & Johnson (U.S.), Koninklijke Philips N.V. (Netherlands), B. Braun Melsungen AG (Germany), C.R. Bard, Inc. (U.S.), Cardinal Health, Inc. (U.S.), Edward LifeSciences Corporation (U.S.), and Terumo Corporation (Japan).
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