According to a new market research report published by sheer analytics and insights, “The Cath Labs Services Market was $17.2 Bn in 2020, and it is expected to reach $29.6 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 4.9% between 2021-2031”,as per the latest market research report titled, Cath Labs Services Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
Increased demand for cardiac catheterization facilities and the increased prevalence of cardiovascular diseases in this country will help to accelerate the growth of this market during the forecasted period. Also the increased burden of the Heart Failure (HF) and the Sudden Cardiac Arrest (SCA) cases especially the middle aged population because of unhealthy lifestyles and high adoption of the technologically advanced products will also help to accelerate the growth of this market.
The primary key players in Cath Labs Services Market include Koninklijke Philips N.V., Shimadzu Corporation, GE Healthcare, Johnson & Johnson, B. Braun Melsungen AG, Siemens Healthineers, Medtronic.
The Global Cath Labs Services Market Has Been Segmented Into:
Global Cath Labs Services Market, By Component Type
a) Services
b) Equipment
Global Cath Labs Services Market, By Facility Type
Global Cath Labs Services Market, By Region