Global Cardiac Catheter Sensor Market Research and Forecast 2018-2023

Posted by Orion Market Research on July 28th, 2018

The market for cardiac catheter sensor across the globe is expected to grow impressively during the forecast period. The factors driving the growth of the global cardiac catheter sensor market are rising incidences and prevalence of cardiovascular diseases and increasing use of biosensors. Further, rise in adoption of minimally invasive procedures with better medical imaging and large number of market players are also considered as a major factor for driving the growth of the global cardiac catheter sensor market during forecast period. In addition, technological advancements & innovations in sensor technology and growing demand for interventional cardiac catheterization are creating enormous opportunities for the global cardiac catheter sensor market.

In March 1, 2017, Abbott Laboratories Inc. received FDA approval for of the FlexAbility Ablation Catheter, Sensor Enabled. The cardiac catheter is designed to enhance the versatility and precision during cardiac ablation procedure to treat atrial flutter, a type of irregular heartbeat. With the approval, the company has further expanded its electrophysiology portfolio for treating patients struggling with abnormal heart rhythms (cardiac arrhythmias). Further it may reduce procedural risk with directed flow and tip temperature monitoring.

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The global cardiac catheter sensor market is analysed on the basis of geographical regions that are contributing significantly to the growth of the market. North America is estimated to be the dominating region in the global cardiac catheter sensor market. Increasing adoption of minimally invasive procedures and large number of market players in this region is estimated to be the major factors that are backing the growth of the market. Whereas, Asia Pacific is estimated to be the fastest growing region during the forecast period. Incidences and prevalence of cardiovascular diseases and growing demand for interventional cardiac catheterization are some of the major factors that are driving the growth of the cardiac catheter sensor market in the region.

Browse full report at: Global Cardiac Catheter Sensor Market

Key players of cardiac catheter sensor market include Abbott Laboratories Inc., Analog Devices, Inc., B. Braun Melsungen AG, Depuy Synthes Inc., First Sensor, GE Healthcare, Honeywell International, Inc., ICU Medical, Inc., Medtronic PLC, Merck Sharp & Dohme Corp, Merit Medical Systems and Millar Inc. These market players are increasingly competing against each other by adopting different market strategies such as merger & acquisition, partnership & collaboration and so on. Further, FDA approval is also received by several companies such as Abbott Laboratories Inc. for cardiac catheters sensor which will contribute in the overall market revenue.

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