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Europe Diagnostic Catheter Market is projected to reach USD 1.23 billion by 2021

Europe Diagnostic Catheter Market was worth USD 875.8 million in 2016 and estimated to be growing at a CAGR of 7.1%, to reach USD 1.23 billion by 2021
Shiva Krishna | 05.10.2017
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The Europe Diagnostic Catheter Market was worth USD 875.8 million in 2016 and estimated to be growing at a CAGR of 7.1%, to reach USD 1.23 billion by 2021. Catheters are thin tubes made of medical grade material such as plastic, silicon rubber, polyvinyl chloride (PVC), and nylon used for therapeutic and diagnostic purposes.  They are inserted into a patient’s body and are used along with many medical procedures like angioplasty, cardiac electrophysiology, and neurosurgery.

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The Europe Diagnostic Catheter Market is expected to witness moderate growth during the forecast period, owing to the rise in the number of surgeries and high demand for minimally invasive procedures. In addition, increase in geriatric population base and raise in demand for sterile & disposable catheters supplement the market growth. Furthermore, increase in reimbursement levels and advancements in catheter technology are expected to boost the market growth. However, inadequate quality assurance and price competition at domestic levels are expected to hamper this growth.

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Market Segmentation

Type                                            

Imaging catheters                
OCT catheters    
Ultrasound catheters       
Angiography catheters    
Other imaging catheters                
Application                                

Neurology               
Urology                   
Gastroenterology                 
Cardiology                                                    
End user                                     

Hospitals                 
Imaging & Diagnostic Centers                         
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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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