Global Diagnostic Catheters Market to Reach $5.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Diagnostic Catheters estimated at US$3.6 Billion in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2027, growing at aCAGR of 6.1% over the period 2020-2027. Diagnostic Imaging Catheters, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Imaging Diagnostic Catheters segment is readjusted to a revised 4.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $981.4 Million, While China is Forecast to Grow at 9.5% CAGR
The Diagnostic Catheters market in the U.S. is estimated at US$981.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 9.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.We bring years of research experience to this 8th edition of our report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- B. Braun Melsungen AG
- BARD, A Becton, Dickinson Company
- Boston Scientific Corporation
- Cardinal Health, Inc.
- Edwards Lifesciences Corporation
- Johnson & Johnson
- Koninklijke Philips NV
- Medtronic PLC
- St. Jude Medical, Inc.
- Terumo Corporation