Healthcare Industry Updates Diagnostic Catheters Market Worth 4.30 Billion USD

DIAGNOSTIC CATHETER: OCT CATHETERS MARKET TO REGISTER THE
HIGHEST GROWTH RATE IN THE NEXT FIVE YEARS
The global diagnostic catheters market is projected to reach USD 4.30 billion by 2021 from USD
3.02 billion in 2016, at a CAGR of around 7.3% from 2016 to 2021. Factors such as the rising
geriatric population, increasing prevalence of cardiovascular disorders, growing number of
minimally invasive surgeries, growth in the number of diagnostic imaging centers, and
technological advancements in imaging catheters are driving the growth of the diagnostic
catheters market. In addition, increasing investments in the healthcare industry by key market
players and increasing government and private sector investments are further encouraging the
growth of the diagnostic catheters market. However, factors such as dearth of skilled
professionals, high cost of technologically advanced catheters, and the reuse of single-use
diagnostic catheters are hampering the uptake of imaging catheters.
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In 2015, the imaging catheters segment accounted for majority of the share of the diagnostic
catheters market; it is projected to grow at the highest CAGR during the forecast period. This
market is mainly driven by the increasing incidence and high prevalence of cardiovascular diseases
across the globe due to the growth in aging population and changing lifestyles, development of