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Dec 12, 2019 2:31 PM ET

Global Robotic Catheter Systems Market is Set to Reach USD 670.5 million by 2024, Observing a CAGR of 5.3% during 2019–2024: VynZ Research




iCrowd Newswire - Dec 12, 2019

The global robotic catheter systems market is expected to grow at a CAGR of 5.3% during the forecast period with its market size predicted to reach USD 670.5 million by 2024.

Industry Insights by Type (Multi-Specialty Systems, Single-Specialty Systems), by Technology (Electromechanical, Magnetic), by Application (Interventional Electrophysiology Procedures [Ablation Procedures, Coronary Procedures], Peripheral Vascular Procedures), by Component (Systems, Accessories), by End User (Hospitals, ASCs)

Globally, robotic catheter systems industry players are undertaking considerable investment decisions in order to gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players of robotic catheter systems market.

Robotic catheter system is used by a physician and is developed to derive precise manipulation, positioning and stable control of catheter that involves use of catheter based technique during cardiovascular processes.  

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Electromechanical robotic catheter systems category held larger share in the robotic catheter systems market in 2018

Based on technology, the global robotic catheter systems market is segmented into electromechanical, and magnetic. Among the two segments, electromechanical robotic catheter systems category held larger share in the robotic catheter systems market in 2018 owing to its superior features over magnetic catheter, that electromechanical robotic catheter system enables the operator to adjust the pressure according to the need.

On the basis of application, the global robotic catheter systems market is categorized into interventional electrophysiology procedures, and peripheral vascular procedures. Among the two segments, the interventional electrophysiology application held larger share in the robotic catheter systems market in 2018, attributed to the rising number of arrhythmia cases worldwide.

Geography Insight

North America has accounted for the largest share in robotic catheter systems market, globally and is predicted to grow significantly during the forecast period, owing to the increasing amalgamation of patients that are suffering from cardiac catheterization and cardiovascular diseases that are further accentuating the growth of robotic catheter systems market in this region.

Competitive Insight

Some of the players having prominent presence in the global robotic catheter systems market include Abbott Laboratories, Corindus Vascular Robotics Inc., Hansen Medical Inc., Stereotaxis Inc., Magnetecs Corporation, Catheter Precision Inc., Biosense Webster Inc., Intuitive Surgical Inc., and Boston Scientific Corporation.

 

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The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). The report segments the global robotic catheter systems market on the basis of type, technology, component, application, end user, and region.

 

Global Robotic Catheter Systems Market Coverage

Type Insight and Forecast 2014-2024

Technology Insight and Forecast 2014-2024

Application Insight and Forecast 2014-2024

Component Insight and Forecast 2014-2024

End User Insight and Forecast 2014-2024

Geographical Segmentation

Robotic Catheter Systems Market by Region

North America

 

Europe

Asia-Pacific (APAC)

Rest of the World (RoW)

 

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About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that includes comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries.

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