Global Guiding Catheters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Guiding Catheters Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The guiding catheter provides support for device advancement (stents, balloons, etc.). It is the conduit for device and wire transport, a vehicle for contrast injection and takes measurements. Guiding catheters are available in a variety of shapes and sizes to fit a variety of patient anatomies.

Market Overview:

The latest research study on the global Guiding Catheters market finds that the global Guiding Catheters market reached a value of USD 1161.59 million in 2022. It’s expected that the market will achieve USD 1687.65 million by 2028, exhibiting a CAGR of 6.42% during the forecast period.
The epidemic affects downstream demand. The downstream application of guiding catheters is mainly in hospitals, and the number of related operations decreased during the epidemic. Because the epidemic is highly contagious, medical staff have a high risk of infection. If patients really need vascular interventional surgery, they must ensure that they have no pneumonia-related symptoms and pass nucleic acid testing. The requirements for the hospital's surgical environment and medical conditions are also further improved.

1 Growth Drivers

1.1 Increase in cardiovascular diseases is driving the guiding catheters market.
1.2 Aging trend brings growth potential to guide catheter market development.

2 Challenges

2.1 Guiding catheter industry with high technical and financial barriers.
2.2 Guiding catheter product quality requirements are high, and potential liability risks are high.
Guiding catheters are interventional medical devices. As medical devices that directly contact important organs such as the human heart and aorta, there are certain risks in clinical application. Therefore, product quality is under the key supervision of various countries and regions. If there is a major quality problem with the product, if the patient has an accidental risk accident after use, if the patient files a product liability claim, or a legal lawsuit or arbitration occurs as a result, it may cause adverse effects on the business, operation, finance and reputation of the company in the industry impact, including defense costs, risk of losing the lawsuit, and contingent compensation obligations.

Region Overview:

North America was the largest revenue market with a market share of 38.18% in 2017 and 37.32% in 2022, a decrease of 0.85%. In 2022, Europe market share was 34.88%, ranking second.

Company Overview:

Medtronic plc is an American medical device company. The company's operational and executive headquarters are in Minneapolis, Minnesota, and its acquisition of Irish-based Covidien in 2015. While it primarily operates in the United States, it operates in more than 150 countries and employs over 90,000 people. It develops and manufactures healthcare technologies and therapies.

B. Braun is a German medical and pharmaceutical device company, which currently has more than 63,000 employees globally, and offices and production facilities in more than 60 countries. Its headquarters are located in Melsungen, in central Germany. The company was founded in 1839 and is still owned by the Braun family.

The industry concentrate rate is relativity high. The market share of the top three companies in 2021 was 45.62%. The top three companies are Medtronic, B. Braun and Terumo Medical, with the revenue market share of 21.56%, 14.47% and 9.59% in 2021.

Segmentation Overview:

The guide catheter can be divided into 5F (0.058), 6F (0.071), 7F (0.081), 8F (0.090) according to the size of the inner diameter.

Application Overview:

Guiding catheters can be divided into hospitals, specialist clinics, and ambulatory surgery centers according to different application scenarios.

Key Companies in the global Guiding Catheters market covered in Chapter 3:

Terumo Medical
Merit Medical Systems
LEPU Medical
Asahi Intecc
Alvimedica
Cook Medical
B. Braun
Medtronic
Boston Scientific
NIPRO
Wellinq
Cordis

In Chapter 4 and Chapter 14.2, on the basis of types, the Guiding Catheters market from 2018 to 2029 is primarily split into:

5F (0.058)
6F (0.071)
7F (0.081)
8F (0.090)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Guiding Catheters market from 2018 to 2029 covers:

Hospitals
Specialty Clinics
Ambulatory Surgery Centers

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)