Global Robotic Catheter Systems Market is Set to Reach USD 678.5 million by 2027

1. Global Robotic Catheter Systems Market

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3. Global Robotic Catheter Systems Market The global robotic catheter systems market is expected to grow at a CAGR of 5.8% during the forecast period with its market size predicted to reach USD 678.5 million by 2027. Globally, robotic catheter systems industry players are undertaking considerable investment decisions in order to gain competitive advantage. Moreover, entering into partnership agreements and performing mergers & acquisitions are the key development strategies being implemented by the crucial players of robotic catheter systems market. Robotic catheter system is used by a physician and is developed to derive precise manipulation, positioning and stable control of catheter that involves use of catheter based technique during cardiovascular processes.

4. Global Robotic Catheter Systems Market Based on technology, the global robotic catheter systems market is segmented into electromechanical, and magnetic. Among the two segments, electromechanical robotic catheter systems category held larger share in the robotic catheter systems market in 2018 owing to its superior features over magnetic catheter, that electromechanical robotic catheter systems enables the operator to adjust the pressure according to the need. On the basis of application, the global robotic catheter systems market is categorized into interventional electrophysiology procedures, and peripheral vascular procedures. Among the two segments, the interventional electrophysiology application held larger share in the robotic catheter systems market in 2020, attributed to the rising number of arrhythmia cases worldwide.

5. Global Robotic Catheter Systems Market North America has accounted for the largest share in robotic catheter systems market, globally and is predicted to grow significantly during the forecast period, owing to the increasing amalgamation of patients that are suffering from cardiac catheterization and cardiovascular diseases that are further accentuating the growth of robotic catheter systems market in this region. Some of the players having prominent presence in the global robotic catheter systems market include Abbott Laboratories, Corindus Vascular Robotics Inc., Hansen Medical Inc., Stereotaxis Inc., Magnetecs Corporation, Catheter Precision Inc., Biosense Webster Inc., Intuitive Surgical Inc., and Boston Scientific Corporation.

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