Asia-Pacific catheters market is expected to grow at a CAGR of around 9.4% during the forecast period. The major factors contributing to the growth of the market in the region include the rising geriatric population and prevalence of chronic diseases in them continue to spur the demand for catheterization in healthcare centers, hospitals and surgical units. CVDs are the leading cause of mortality in India. As per the American Heart Association (AHA), in India, ischemic heart disease and stroke are the predominant causes and are responsible for more than 80% of CVD deaths.

In China, a rise in the prevalence of CVD risk and population aging increased the risk of acute myocardial infarctions (AMIs) and strokes among the population. The prevalence is also rising among adults in the country. As per the estimation by the World Heart Federation, one in 5 adults in China has a CVD. This significant prevalence of CVD accelerates the demand for CVD catheters in the region. A cardiac catheter is a thin tubular structure inserted into a chamber of the patient’s heart for treating CVD conditions. Different types of cardiac catheters are used for the treatment of cardiac conditions, including angiographic balloon catheters, semi-floating catheters, and infusion catheters.

The major companies operating in the region include Abbott Laboratories, Inc., Boston Scientific Corp., and Medtronic plc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in July 2016, Boston Scientific Corp. introduced an integrated facility in India for developing minimally invasive technologies. The company has opened R&D and training & development center of 100,000 (Square Feet) to develop and sell minimally invasive devices, including pacemakers, catheters and stents for India and the major Asian markets as well as train physicians to use these devices.

Research Methodology

The market study of the Asia-Pacific catheters market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models. 

Market Segmentation:

1. Asia-Pacific Catheters Market Research and Analysis by Product Type

The Report covers:

• Comprehensive research methodology of the Asia-Pacific catheters market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific catheters market.
• Insights about market determinants which are stimulating the Asia-Pacific catheters market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.