The U.S. cath labs market size is expected to reach USD 24.3 billion by 2027, expanding at a CAGR of 5.3%, according to a new report by Grand View Research, Inc. The growing prevalence of cardiovascular diseases, the increasing number of coronary angiography performed each year, and the aging population prone to various heart problems, are the major factors driving the market. In addition, technological advancements and a growing preference for robot-assisted minimally invasive surgeries are other key factors propelling the growth of the market.
According
to the American Heart Association (AHA), coronary artery disease affects 16.5
million Americans. The elective Percutaneous Coronary Intervention (PCI) is a
commonly performed procedure in the U.S, with around 600,000 procedures
performed each year. These procedures have the highest aggregate costs of all cardiovascular
procedures, and PCI also has the third-highest aggregate cost of any surgical
procedure, estimated at about USD 10.0 billion annually.
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U.S. Cath Labs
Market Report Highlights
- The services
segment dominated the market in 2019, attributed to a large number of
patients seeking advanced diagnostic and treatment options for various
heart diseases
- With the
technological advancements, and integration and technology collaboration
between the cath laboratory and the equipment providers, the equipment
segment is expected to witness significant growth during the forecast
period
- The
therapeutics segment dominated the market in 2019, owing to increased
patient preference for cath laboratory interventions, shorter hospital
stays, smaller incisions at the site of surgery that reduces the risk of
infection, less blood loss and transfusions, and other benefits
- Stent
placement dominated the therapeutic services segment in 2019 attributed to
the growing annual incidence of Percutaneous Coronary Interventions (PCI)
in the U.S.
- Cardiac
catheterization dominated the diagnostic segment attributed to the rising
incidence of arterial blockage cases due to an unhealthy lifestyle in the
region
- Hospitals
based cath laboratories have a major share owing to the patient flow and
the increasing chronic and emergency case-patients. Moreover, better reimbursement
available for the interventions performed at the hospitals is also driving
the segment growth. Hospitals are revamping their existing cath labs and
funding hybrid laboratories integration for treating multiple conditions
under the same roof and for increased profitability
- Mergers and
acquisitions and technology collaborations are the main strategies
followed by market leaders.
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U.S. Cath Labs
Market Segmentation
Grand View Research has
segmented the U.S. cath labs market on the basis of component and facility
type:
U.S. Cath Labs
Component Outlook (Revenue, USD Million, 2016 - 2027)
- Services
- Therapeutic
- Angioplasty
- Stent Placement
- Rotational Atherectomy
- Thrombectomy
- Cardioversion
- TAVR
- Others
- Diagnostic
- Angiography
- Coronary Intravascular Ultrasound
- Cardiac Catheterization
- ECG/EKG
- Fractional Flow Reserve (FFR)
- Others
- Equipment
U.S. Cath
Labs Facility Type Outlook (Revenue, USD Million, 2016 - 2027)
- Independent
- Hospital-Based
List of Key
Players of U.S. Cath Labs Market
- Koninklijke Philips N.V.
- Shimadzu Corporation
- GE Healthcare
- Johnson & Johnson
- B. Braun Melsungen AG
- Siemens Healthineers
- Medtronic
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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