Cath Lab Services Market By Service Type (Diagnostic, Therapeutic), By Application (Cardiac, Brain and Spine), By Service provider (Hospitals, Individual Cath Lab): Global Opportunity Analysis and Industry Forecast, 2022-2032
The cath lab services market was valued for at $46.0 billion in 2022, and is projected to reach $78.2 billion by 2032, exhibiting a CAGR of 5.4% from 2022 to 2032.
A catheterization lab, also referred to as a cath lab, is an examination room in a hospital, clinic, or diagnostic facility where various sorts of tests and procedures are conducted. The diagnostic and therapeutic procedures for cardiology and brain & spine are performed in cath labs. Cardiology procedures such as pacemaker implantation, ablation, angiography, and angioplasty are performed in cath lab. While the operations are being performed, patients in a cath lab may be awake and will not be put to sleep. A cath lab is run by a team of diverse specialists under the direction of a cardiologist.
The growth of cath lab services market is driven by rise in the number of technologically advanced cath labs and increase in prevalence of cardiovascular and brain & spine diseases. Cardiac disorders such as coronary artery disease, heart valve disease, congenital heart defects, aortic aneurysm, peripheral artery disease, atrial fibrillation, hypertrophic cardiomyopathy, pulmonary hypertension, pericardial effusion, and endomyocardial fibrosis are diagnosed or treated in cath lab. Thus, rise in population suffering from cardiac diseases is anticipated to fuel the demand for cath lab procedures. For instance, according to the British Heart Foundation, in 2022, it was reported that, around, 1,139,140 people were suffering from heart and circulatory diseases in the UK. As per the same source, in 2022, around 650,681 male and 488,320 female population are suffering from heart and circulatory diseases in the UK.
Moreover, according to American Heart Association, it was estimated that in 2020, 244.1 million people were living with ischemic heart disease (IHD). As per the same source, it was reported that it was more prevalent in males than in females, 141.0 and 103.1 million people, respectively. In addition, according to report shared by the Center for Disease Control and Prevention (CDC), in 2020, it was reported that coronary heart disease is the most common type of heart disease, killing 382,820 people in the U.S. Moreover, in 2020, about 2 in 10 deaths from coronary artery disease (CAD) happen in adults less than 65 years old. Thus, alarming rise in prevalence of cardiac diseases is expected to propel the need for diagnostic and therapeutic procedure in cath lab, thereby fueling the growth of the market.
Moreover, presence of service provider for cath lab is anticipated to boost the growth of market. For instance, Canyon vista medical center, Ochsner Rush Health, Henryford, Alberta Health Services, Adventist Health Bakersfield, alliance medical associates, Campbell Country Health, InHealth Group, Netcare hospitals, Ramsay Health Care, and USA Health are some of the key service providers.
However, high cost of diagnostic and therapeutic procedure of cath lab and risk associated with the procedures are expected to hinder the growth of cath lab services market.
On the contrary, technological advancements in cath lab and increase in number of cath labs are anticipated to offer remunerative opportunities for the expansion of the market during the forecast period.
The global cath lab services market is segmented into service type, application, and service provider. Depending on service type, the market is bifurcated into diagnostic and therapeutic. On the basis of application, it is fragmented into cardiac and brain & spine. By service provider, it is segregated into hospital and individual cath lab. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global cath lab services market include Canyon vista medical center, Ochsner Rush Health, Henryford, Alberta Health Services, Adventist Health Bakersfield, alliance medical associates, Campbell Country Health, inhealthgroup, Netcare hospitals, Ramsay Health Care, and USA Health.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cath lab services market analysis from 2022 to 2032 to identify the prevailing cath lab services market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cath lab services market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cath lab services market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Service TypeDiagnostic
Therapeutic
By ApplicationCardiac
Brain and Spine
By Service providerHospitals
Individual Cath Lab
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
Rest of LAMEA
Key Market Players
Adventist Health Bakersfield
Alberta Health Services
Alliance Medical Associates
Campbell Country Health
Canyon vista medical center
Henryford health
Inhealthgroup
Netcare Hospitals
Ochsner Rush Health
Ramsayhealth
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