Global Cath Lab Services Market 2017-2021

Overview of the global cath lab services market

Research analysis on the global cath lab services market identifies that the inclination towards robotic-assisted surgeries will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 6% by 2021.

The availability of minimally invasive procedures expands the treatment choices for cardiac diseases and medical facilities across the globe are preferring minimally invasive procedures that include the application of radiotherapy and imaging technologies. Robotic systems are widely used for angiography procedures where angiographic assessments are performed on patients with high-risk CAD. The use of cardiovascular robots increases the precision and patients and physicians are increasingly preferring the use of robotic technology for different treatments. The use of such advanced technologies by cath labs for diagnosis and treatment will subsequently aid in the growth of the cath lab services market.

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Cath lab services market trends

The introduction of advanced treatment will be one of the key trends that will contribute to the growth of this market in the coming years. The increasing occurrences of CVDs and cardiac emergency cases have led to the expansion of the cardiac catheterization lab service portfolios. In the developed countries such as the UK, the US, Germany, and France, cath labs have introduced services such as the implantation of implantable cardioverter defibrillators (ICDs) and pacemakers. With the assistance of advanced technology and the growing adoption of hybrid cath labs in developed economies, the need for cath labs services will increase in the coming years.

Cath lab services market forecast: Competitive landscape and key vendors  

The cath lab services market consists of few vendors. Owing to the presence of large medical groups that govern healthcare services in hospitals and daycare centers, cath lab services are widely popular in the US and UK. The cost of the procedure, technological advancements, and medical infrastructure are the major competitive factors among the players in the catheterization lab services market.

The leading vendors in the cath lab services market

• Alliance HealthCare Services
• Alliance Medical   

Cath lab services market segmentation by services

• Therapeutic cath lab services
• Diagnostic cath lab services

During 2016, the therapeutic cath lab services segment accounted for the major shares of the cath lab services market. Factors such as the rising occurrences of CVDs across the world and the increase in a number of cardiac catheterization procedures will contribute to the growth of this industry segment in the coming years.

Cath lab services market growth based on geographical segmentation

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the catheterization lab services market throughout the forecast period. The rise in CVD cases and the increasing number of cath labs, will drive the growth of the market in this region. Countries such as the US and Canada have high standards of healthcare and have a high demand for cath lab services.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cath lab services market?
• What are the key market trends impacting the growth of the global cath lab services market?
• What are the challenges to market growth?
• Who are the key vendors in the global cath lab services market?
• What are the market opportunities and threats faced by the vendors in the global cath lab services market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global cath lab services market?

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