North American catheters market is expected to grow at a CAGR of around 8.2% during the forecast period. The major factors encouraging the growth of the market in the region include the emerging demand for minimally invasive surgeries and the increasing prevalence of chronic diseases.   There are several key companies operates in North America, particularly in the US, which includes Edwards Lifesciences, Abbott Laboratories, Inc., and among others. The North American market is further sub-segmented as the US and Canada. The significant prevalence of chronic diseases is primarily contributing to the demand for catheters in the region.

As per the American Heart Association, during the period, 2013 and 2016, 121.5 million American adults had some form of cardiovascular disease. Between 2014 and 2015, direct and indirect costs of total cardiovascular diseases and stroke were $351.2 billion. CVD and stroke accounted for 14% of total health expenditures in 2014-2015. This, in turn, is encouraging the demand for cardiac catheterization procedures for the diagnosis and treatment of certain CVD conditions. During the procedure, a long thin tube is placed in an artery or vein in the groin, arm or neck and threaded through the blood vessels to the heart. Certain heart disease treatments that are performed using cardiac catheterization include coronary stenting and coronary angioplasty. 

The companies operating in the region include Abbott Laboratories, Inc., Boston Scientific Corp., and Johnson & Johnson Services, Inc. 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 May 2018, Abbott Laboratories, Inc. expands portfolio of cardiac arrhythmias with FDA clearance for the Advisor HD Grid Mapping Catheter, Sensor Enabled. The purpose to develop this product was to offer innovative solutions to the physicians to accurately and quickly map complex cardiac arrhythmias among patients.

Research Methodology

The market study of the North American 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. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North American Catheters Market Research and Analysis, By Product Type

The Report covers:

• Comprehensive research methodology of the North American 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 North American catheters market.
• Insights about market determinants which are stimulating the North American catheters market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.