Global Cath Lab Services Market will have modest Common Annual Growth Rate (CAGR) of 6% between the forecast period of 2019-2024. Cardiac catherization is a process where a patient is diagnosed and treated for certain cardiovascular conditions. Cath Lab Services are offered in an examination room within a hospital or Clinic. Specific imaging equipment is present in the Cath Lab to diagnose any abnormalities found in the heart by visualising the chambers of the heart and the arteries of heart, and then treating those abnormalities. Today cardiac catherization is performed in Cath Lab.
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Cardiac Catherization is the most common process among all others where a thin, long tube (long tube is called ‘Catheter’) is inserted in a vein or an artery through the groin, neck or arm. The key drivers of the market are rising cases of cardio vascular diseases (CVD) (In 2017, 28.4 Million people diagnosed with heart diseases), change in lifestyle, patients suffering from high blood pressure due to hypertension, stress, rising cases of high cholesterol in human body, diabetes, irresponsible drinking, smoking to beat stress, and lack of sleep.
Market inclination towards robotic surgeries and the rising trend of advanced treatment, growth of insurance providers are significant trends to boost market growth. North America will lead the market with the highest market share, whereas Asia Pacific will grow at a faster rate. Today, Robotics is being used for angiography where assessments are performed on high-risk Cardiac arrest patients. In developed countries (US, UK, Germany, France), advanced technology-based services are performed, for example, implantation of implantable cardioverter defibrillators (ICDs) and pacemakers.
The Cath Lab Services Market is segmented based on its services. Basis services, the market is split into Therapeutic cath lab services, Diagnostic cath lab services. The recent hybrid cath lab services comprise of ECG services, patient monitoring devices, and x-ray system. The challenges with the cath labs are lack of qualified professionals to provide state of the art services, manage different imaging specialities. In an angiography, robots are used to perform difficult assessments. Diagnostic cardiac catheterization provides the following services: Stenting, Septal closure devices, Biopsy, Atherectomy, Balloon angioplasty, Percutaneous Coronary Intervention (PCI), Coronary intravascular ultrasound, Right and left heart catheterization and Rotational atherectomy.
The market for Cath Lab Services is divided into North America (United States, Canada, Mexico), Europe (Germany, France, UK, Italy, Russia, Spain, Nordic countries, Benelux, Poland ), Asia Pacific (China, Japan, India, ASEAN, Australia, and New Zealand), South America (Brazil, Peru, Chile, Others), Middle-East and Africa (GCC, Saudi Arabia, Turkey, South Africa and North Africa). USA, Europe and Canada have high-quality services of cath labs followed by other developing nations – India, LATAM, China etc. The quality of services and professionals in the lab for developed countries are satisfactory. Due to the rise in heart and coronary diseases, the cath labs are always occupied with various types of patients.
Checking the overall quality of cath lab services helps us know where to invest more, what is not good quality and needs immediate fix. Relationship with physician group does help in increasing footfall and revenue of cath labs. Diagnostic cath lab services bring most of the revenues. A few Cath labs are investing in additional services e.g. radial access, transcatheter aortic valve program (TAVR) etc.
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Table of Contents – Major Key Points
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by services
PART 07: Geographical segmentation
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