DBMR has added a new report titled Global Cath Lab Services Market with data Tables for historical and forecast years represented with Chats & Graphs spread through Pages with easy to understand detailed analysis. This Global Cath Lab Services Market report is quite useful to find out the general market conditions and tendencies. It also estimates the probable market for a new product to be launched in the market. This also Report has compiled to provide various market aspects such as size, share, trends, dynamics, growth, sales, and industry analysis. The competitive analysis taken place in this Global Cath Lab Services Market report include strategic profiling of key market players, their core competencies, their strong and weak points, and competitive landscape of the market which supports businesses illustrate their individual strategies.
Global Cath Lab Services Market is set to rise registering a CAGR of 5.78% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising number of cardiac diseases and the growth in number of cardiologists.
Global Cath Lab Services Market, By services (Therapeutic Cath Lab Services, Diagnostic Cath Lab Services), Type (Cardiac Catherization, Vascular Angiogram, Stenting, Other Cardiac Procedures), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends & Forecast to 2026
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Competitive Analysis: Global Cath Lab Services Market
Global cath lab services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cath lab services market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Cath Lab Services Market
Few of the major competitors currently working in the cath lab services market are Alliance HealthCare Services, Alliance Medical, Ramsay Health Care,Alberta Health Services, Care UK,Campbell County Health, and Netcare Hospital
Market Definition: Global Cath Lab Services Market
Catherization is a procedure used to treat and diagnose cardiovascular diseases (CVDs) and other related conditions. In simpler words, it helps to examine the working of the heart. Catherization laboratory also known as cath lab is an examination room that has all kinds of diagnostic imaging equipments. A hollow and thin tube known as the catheter is inserted into a large blood vessel that leads to the heart. It is important for the visualization of arteries of heart and heart chambers.
According to the CDC, In 2017, about 28.4 million people were diagnosed with heart diseases. These incidences of heart diseases are expected to increase the demand for cath lab services.
Global Cath Lab Services Market
Cath lab which is also known as catheterization laboratory is an examination room in a hospital which is used to check how well heart is working. Cardiac catheterization is performed to check whether the heart is performing well or not. A hollow and thin tube known as the catheter is inserted into a large blood vessel that leads to the heart. It is important for the visualization of arteries of heart and heart chambers. These catheterization laboratories have single X-ray generator source and an x- ray image intensifier. Medical practitioner and cardiac physiologist are required to perform this. It is very safe and very minor number of people faces any problem.
Segmentation: Global Cath Lab Services Market
Global Cath lab market is segmented on the basis of services, type and geography.
By services (Therapeutic Cath Lab Services, Diagnostic Cath Lab Services), Type (Cardiac Catherization, Vascular Angiogram, Stenting, Other Cardiac Procedures), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN CATH LAB MARKET
Increase in incidence of cardiac diseases
According to a study, Oklahoma in USA has the highest death due to heart disease in 2017 with 237.2 deaths per every 100,000 inhabitants. Then is Mississippi with 231.6, Arkansas with 223.8, Alabama with 223.2, and Louisiana with 214.4 deaths per every 100,000 inhabitants. West Virginia has the lowest death with 192 deaths per every 100,000 inhabitants.
It is also found that as of 2018, 37% of women has heart related condition such as high cholesterol, hypertension or high blood pressure, heart or arterial disease, diabetes, history of stroke or a heart defect.
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- Rising incidence of cardiac diseases is expected to drive the market growth
- Inclination towards robotic-assisted surgeries is also expected to drive the market growth
- Lack of reimbursement and poor hospital infrastructure in developing countries is expected to restrain the market growth
- High cost of catherization procedure is also expected to restrain the market growth
Segmentation: Global Cath Lab Services Market
- By services
- Therapeutic Cath Lab Services
- Diagnostic Cath Lab Services
- Cardiac Catherization,
- Vascular Angiogram
- Other Cardiac Procedures
Key Developments in the Market:
- In March 2018, Smiths Medical today announced the U.S. commercial launch of Delta Med SpA’s DeltaVen Closed System Catheter and the Food and Drug Administration (FDA) clearance.This product is an advancement in Peripheral IV Catheters (PIVC) and will help the company to expand its portfolio.
- In March 2017, Teleflex Announced 510(k) Clearance and U.S. Launch of TrapLiner CatheterIn. This will help Teleflex introduce and sell one-of-a-kind product that combines two devices we had previously deployed independently during challenging cases into a single tool that enables the most complicated interventional procedures to be done more efficiently
Reasons to Purchase this Report:
- Current and future of global cath lab services market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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