Global Thermodilution Catheter Market Size (2024 - 2029)

The thermodilution catheter market is experiencing stabilized growth after the adverse impacts of COVID-19, which had significantly affected elective procedures and cardiac treatments. The market size is being influenced by the increasing prevalence of cardiac diseases and strokes, driving demand for thermodilution catheters. Additionally, the market is benefiting from the approval and launch of new products, as well as strategic partnerships and acquisitions by key players. However, challenges such as a shortage of skilled healthcare professionals in emerging markets and difficulties in catheter localization may hinder further market expansion.

Market Size of Global Thermodilution Catheter Industry

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Thermodilution Catheter Market  Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Thermodilution Catheter Market  Major Players

*Disclaimer: Major Players sorted in no particular order

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Thermodilution Catheter Market Analysis

The thermodilution catheter market is expected to register a CAGR of 5.5% during the forecast period.

The impact of COVID-19 was adverse on the studied market owing to cancellations in elective procedures, including diagnosis and treatment of cardiovascular diseases, which impacted the studied market. For instance, according to an article published by the National Library of Medicine, in March 2022, there was a 52.7% reduction in adult cardiac surgery volume in the United States and a 65.5% reduction in elective cases. The Mid-Atlantic region was most affected by the COVID-19 surge in the initial phase, with a 69.7% reduction in overall case volume and an 80.0% reduction in elective cases. After the COVID-19 surge, nationwide cardiac surgical case volumes did not return to baseline, indicating a COVID-19-associated deficit of cardiac surgery patients. Hence, COVID-19 significantly impacted cardiac treatment and, consequently, the thermodilution catheter market. However, the current market is witnessing stabilized growth owing to the decrease in COVID-19 cases and is expected to project a similar trend over the coming years per the analysis.

The prevalence of cardiac diseases and increased incidences of stroke, as growing research and development activities to develop novel technologies in cardiac stroke management is actively affecting the growth of the studied market. For instance, according to the AHA's Heart Disease & Stroke Statistical Update Fact Sheet, published in January 2022, 244.1 million people were living with ischemic heart disease worldwide and it was more prevalent in males than in females (141.0 and 103.1 million people, respectively). Additionally, according to WHO data updated in June 2021, nearly 33.5 million people worldwide suffer from atrial fibrillation (AFib), the most common type of serious arrhythmia. The surge in cardiac diseases and incidences of stroke is projected to propel the demand for thermodilution catheters, required during the treatment of these diseases which is ultimately projected to boost the market growth.

The increasing product approvals, launches, partnerships, and acquisitions by key market players are projected to augment the market growth. For instance, in July 2022, the Zurich-based company Nanoflex Robotics, a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH), developed an innovative catheter for rapid surgical interventions on stroke patients. Such developments are expected to boost the market growth.

While the market is poised for an upward trend, the lack of skilled healthcare professionals in emerging markets and difficulty in catheter localization in the patient's heart is likely to impede the market growth.

Thermodilution Catheter Industry Segmentation

As per the scope of the report, thermodilution catheters are used to monitor cardiac output by passing a special thermistor-tipped catheter known as a Swan-Ganz catheter through the heart. These are also used to determine pulmonary artery, pulmonary capillary wedge pressure, and intravascular and intra-cardiac pressures in order to estimate the atrial functioning of the heart. 

The Thermodilution Catheter Market is segmented by Material (Nylon, Polyurethane, and Other Materials), End-User (Hospitals, Ambulatory Surgical Centers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Material
Polyurethane
Nylon
Other Materials
By End-User
Hospitals
Ambulatory Surgical Centers
Other End-Users
Geography
North America
United states
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Thermodilution Catheter Market Size Summary

The thermodilution catheter market is poised for steady growth, driven by the increasing prevalence of cardiac diseases and strokes, alongside advancements in cardiac stroke management technologies. The market experienced a setback due to the COVID-19 pandemic, which led to a significant reduction in elective cardiovascular procedures, thereby impacting the demand for thermodilution catheters. However, as the pandemic's impact wanes, the market is witnessing a resurgence, supported by the rising incidence of cardiac conditions and the need for effective monitoring and treatment solutions. The market's expansion is further bolstered by the introduction of innovative products and technologies, such as those developed by companies like Nanoflex Robotics, which enhance surgical interventions for stroke patients.

North America is expected to be a significant growth region, attributed to the high incidence of cardiac diseases, an aging population, and robust healthcare infrastructure. The presence of key industry players and initiatives like the Million Hearts campaign are likely to drive the adoption of thermodilution catheters in the region. Despite challenges such as a shortage of skilled healthcare professionals in emerging markets, the market is expected to benefit from the increasing adoption of polyurethane catheters, which offer advantages like enhanced mechanical strength and flexibility. The competitive landscape is characterized by a few dominant players, including Alpha Medical Instruments LLC and Edwards Lifesciences, who are actively involved in product innovations and strategic partnerships to strengthen their market position.

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Global Thermodilution Catheter Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Global Prevalence of Cardiac Diseases and Increased Incidences of Stroke

      2. 1.2.2 Growing R&D Activities to Develop Novel Technologies in Cardiac Stroke Management

    3. 1.3 Market Restraints

      1. 1.3.1 Difficulty in Catheter Localization in the Patient's Heart

      2. 1.3.2 Lack of Skilled Healthcare Professionals in Emerging Markets

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Material

      1. 2.1.1 Polyurethane

      2. 2.1.2 Nylon

      3. 2.1.3 Other Materials

    2. 2.2 By End-User

      1. 2.2.1 Hospitals

      2. 2.2.2 Ambulatory Surgical Centers

      3. 2.2.3 Other End-Users

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United states

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Global Thermodilution Catheter Market Size FAQs

The Global Thermodilution Catheter Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)

Alpha Medical Instruments LLC, Edwards Lifesciences, Teleflex Incorporated, DeRoyal Industries and ICU Medical Inc are the major companies operating in the Global Thermodilution Catheter Market.

Thermodilution Catheter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)