Global cardiac catheter sensor market is anticipated to grow at a CAGR of 9.2% during the forecast period (2024–2031). The market growth is driven by the increasing prevalence of coronary disorders such as angina pectoris and myocardial infarction. According to the World Health Organization (WHO), more than 17.9 million fatalities are recorded due to Cardiovascular Diseases (CVD) every year, and around half of all fatalities from CVD are owing to coronary heart disease, and nearly a quarter are attributable to stroke. Also, to meet the increasing demand in the sensor market, companies are expanding their production capabilities and strengthening their R&D to stay ahead of their competitors.
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North America is anticipated to hold a major share of the cardiac catheter sensor market. The regional market growth is attributed to the presence of major market players such as Abbott Laboratories, Smiths Medical, and others in the region. Additionally, the region has a well-established healthcare infrastructure which further contributes to the growth of the market in North America.
Recent Developments
- In February 2023, Abbott received two approvals for its range of electrophysiology products ‘The TactiFlex ablation catheter, sensor-enabled’ was granted a CE mark for the treatment of individuals with abnormal heart rhythms such as atrial fibrillation.
- In February 2023, Teleflex Inc. announced the milestones in its two new catheter releases- the first clinical use of GuideLiner Coast Catheter and the US FDA clearance of Triumph Catheter.
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Market Coverage
- The market number available for 2023-2031
- Base year: 2023
- Forecast period: 2024-2031
- Segment Covered-
o By Type
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corp., ICU Medical, Inc., and Medtronic plc
Key questions addressed by the report
- What is the market’s growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cardiac Catheter Sensor Market Report Segment
By Type
- Pressure Sensor
- Temperature Sensor
- Biosensor
- ECG (Electrocardiogram) Sensor
- Image Sensor
- Other Sensors
By Application
- Diagnostic
- Surgical
- Monitoring
- Imaging
By End-user
- Hospitals and Diagnostic Centers
- Ambulatory Services Center
- Others
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