Deflectable Catheters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Deflectable Catheters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

Deflectable Catheters Market: Snapshot

Steerability and deflection are crucial parameters for catheters to be used in introducing guidewires and other devices in difficult-to-navigate human anatomy, underpinning the evolution of the deflectable catheters market. Advances in designs have been used by medical device manufacturers to precisely control the catheter tip. Need for new pacing techniques have enabled them to regulate torque transmission and kink resistance. Their adoption has boosted the utilization of deflectable guiding catheters in endoscopy, imaging, and tissue ablation applications in the health care industry. Modern deflectable catheters also come with multiple deflection zones to impart sophistication. 

The global deflectable catheters market will likely witness manufacturers focusing on developing cost-effective products, especially for untapped markets. An analysis of the prevailing dynamic is discussed at length in a study on the global deflectable catheters market. The assessment of the evolutionary dynamics of the market will also take a closer look at new approaches that will gain traction among manufacturers. 

Deflectable Catheters Market: Notable Developments 

Over the past few years, original equipment manufacturers have focused on unveiling commercialization-ready, customizable deflectable catheter handle technologies, opening new avenues in the deflectable catheters market. The following development is a case in point. 

Freudenberg Medical, a globally prominent developer of innovative medical devices, including catheter-based devices, has announced in September 2018 that it has launched a commercialization-ready deflectable catheter handle platform. This platform can be integrated with range of endovascular devices, notably mitral valve delivery systems. Such trend toward customization accelerates time-to-market, especially in transcatheter valve and endovascular space. 

Developments in the global deflectable catheters market seemingly act as key enabler for expanding cardiac care portfolio, since new pacing techniques have come to the fore. A few of the recent product approvals in developed markets reiterate this fact. 

Medtronic plc., a key player in the deflectable catheters market, has in 2019 bagged the FDA clearance for its deflectable catheter system--SelectSite C304-HIS. The system is witnessing demand in cardiac care for placing the pacing lead near bundle of His, mainly due to its better manoeuvrability. Growing demand for advanced deflectable catheters in His-bundle pacing is boosting the market. 

Some of the medical devices companies vying for prominent shares in the deflectable catheters market are CathRx Ltd., Boston Scientific Corporation, Abbott, Biomerics LLC, and Teleflex Incorporated. 

Deflectable Catheters Market: Growth Dynamics

Use of New Materials Paves Way to Advanced Design Considerations

New methods of navigation of deflectable catheters are garnering attention across implant applications, notably in structural heart implant delivery systems. Particularly, specialized medical device manufacturers in the deflectable catheters market are incorporation novel shaft and reinforcement materials to improve the deflectable functionality in stent delivery systems and steerable balloon system applications. A case in point is the use of materials such as nitinol and Kevlar. This is helping them meet the unmet need for therapeutic interventional MRI procedures. This aside, application of laser techniques is fast expanding the potential of the deflectable catheters market in general as well as ultrasound imaging. 

Expanding Area of Interventional Cardiovascular Care Boosts Deflectable Catheters Development 

Growing incidence of cardiovascular interventional procedures especially in developed markets of North America and Europe has bolstered product development avenues in the deflectable catheters market. The healthcare industry has helped augment the potential of deflectable catheters in MRI visualization strategies for complex geometry requirements. 

Unceasing need for improving the outcome of ablation techniques in managing cardiovascular techniques is boosting the market. Medical devices companies looking for advance design option for vascular access applications are emphasizing on expanding their portfolio of finished devices in electrophysiology, structural heart, and vascular applications. 

Deflectable Catheters Market: Regional Analysis

Among the various regions, North America and Europe have already witnessed the vast scope of commercialization over the past few years. Revenues in the global deflectable catheters market are likely to rise on the back of favorable reimbursement scenarios in these regions. In recent years, medical devices in the deflectable catheters market are focusing more on emerging avenues in Asia Pacific. Growing demand for minimally invasive therapies for coronary interventions and diagnostic imaging in emerging economies of Asia Pacific are creating abundant sources of revenues for global players.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?