In a recent published report, Kenneth Research has updated the Market report for Catheterization Laboratory Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Catheterization Laboratory Market Products.
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The healthcare industry in India is showing great progress. The number of hospitals and nursing homes in the country is continuously increasing and this is resulting in a growing demand for various kinds of medical equipments ranging from simple instruments to the more sophisticated devices and equipments that work on complex mechanisms. Moreover, the increasing requirement of healthcare facilities on account of the changing demographics and increasing lifestyle is fuelling growth in the healthcare sector. While most of the simple instruments are manufactured indigenously, there is a high presence of MNCs when it comes to complex and sophisticated devices. The market for cath labs is showing the same trend and a significant share of the market is occupied by a few major foreign companies. The growing target base of consumers is expected to boost sales and the market is expected to exhibit steady growth in future.
The report begins with an introduction section which provides a brief description of cath labs and their uses. It also mentions the various parts of a cath lab. The market overview section provides an insight into the market and highlights the market size and growth both in terms of value and volume. It also includes the current and expected total installed base of cath labs in the country. Segment-wise market size and growth, both value-wise and volume-wise have also been provided.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
This is followed by an analysis of the drivers leading to growth in the market. This includes increasing cardiovascular diseases, improving technology, improving hospital infrastructure, changing demographic structure, growing medical tourism and increasing healthcare spending. The key challenges faced by the market include improvements in other diagnostic modes and high costs and non feasibility in rural areas. Significant advancements are taking place in the market on the technology front and these have been included in the next section. These trends include rotational angiography, swing lab, 3D rotational angiography, biplane, stent boost, hybrid cath lab / OR, digital subtraction angiography, remote magnetic navigation and robotic-operated systems.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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The competition section provides an overview of the competitive landscape in the industry and includes a detailed profile of the major players in the market. The Porter’s Five Forces analysis for the cath lab market is provided in this section. A summary of the major players operating in the market has also been provided in the form of a bubble chart. It also includes the list of products and services, key people, financial snapshot, key ratios and key recent developments for the major players.
A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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