Cath Lab Services Market Expected to Reach $78.2 billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Cath Lab Services Market," The cath lab services market was valued at $46.0 billion in 2022, and is projected to reach $78.2 billion by 2032 by 2032, growing at a CAGR of 5.4% from 2022 to 2032.

A cath lab is a room in a hospital or clinic where catheter-based diagnostic and therapeutic procedures such as angiography, angioplasty, stenting, cardiac ablation, and pacemaker implantation are performed for the treatment of cardiac diseases and brain & spine diseases. Moreover, brain and spine diseases treated or diagnosed in cath lab are cerebrovascular disease, aneurysms, arteriovenous malformations, carotid artery disease, spinal cord compression, spinal vascular malformations, intracranial hemorrhage, spinal cord ischemia, brain & spinal tumors, and spinal stenosis.

The key factors that drive the growth of the global cath lab services market include alarming increase in the prevalence of chronic diseases such as cardiac disease and brain and spine diseases. For instance, according to the American Cancer Society, it is estimated that, about 24,810 malignant tumors of the brain or spinal cord (14,280 in males and 10,530 in females) will be diagnosed in 2023. These numbers would be much higher if benign (non-cancer) tumors were also included.

Moreover, increase has been witnessed in the incidence of cardiac diseases due to unhealthy lifestyle, including smoking, poor diet, lack of exercise, and excessive alcohol consumption. This can further increase the risk of developing high blood pressure, high cholesterol, and diabetes, which are all risk factors for heart disease. Thusn this factor is expected to witness growth of cath lab services market.

Moreover, stress and anxiety can lead to an increase in heart rate and blood pressure, which can further increase the risk of developing cardiac diseases. Thus, increase in prevalence of cardiac diseases due to change in lifestyle is expected to boost the demand for diagnostic and therapeutic cath lab procedures, which, in turn, contributes toward the growth of the market.

In addition, technological advancements in cath lab are expected to drive the growth of market. For instance, in April 2023, St George Private Hospital in Ramsay Health Care, a healthcare service provider, unveiled new technology in its cardiac catheterization lab, designed to provide a clearer picture for doctors and lessen the amount of radiation present. The new Cannon Alihenix will be used for interventional angiography procedures, which involve X-ray technology being used to assist a specialist guiding a catheter through a patient’s major arteries.

Moreover, high presence of cath labs and and increasing awareness among the people regarding availability cath lab services and increase in initiative taken by government to develop healthcare infrastructure is expected to drive the growth of market. 

On the basis of service type, the market is fragmented into diagnostic and therapeutic. The therapeutic segment is expected to dominate the cath lab services market trends owing to rise in adoption of therapeutic cath lab procedures for treatment of chronic diseases such as cardiovascular diseases and brain & spine disorders.

By application, the cath lab services market analysis is classified into cardiac and brain & spine. The cardiac segment is projected to exhibit the highest growth in the near future due to increase in prevalence of cardiovascular diseases and rise in awareness among the people regarding availability of cath lab procedures for diagnosis of cardiac diseases.

Depending on service provider, the cath lab services market size is classified into hospitals and individual cath lab. The hospitals segment is projected to exhibit the highest growth of cath lab services market share in the near future due to increase in expenditure by government to develop healthcare infrastructure.

Region wise, North America garnered the largest cath lab services market share in 2022 and is expected to continue this trend during the forecast period owing to strong presence of service providers for cath lab procedures and rise in population suffering from cardiovascular and brain & spine diseases. However, Asia-Pacific is expected to exhibit fastest growth of cath lab services industry during the forecast period owing to increase in number of cath labs and technological advancements for development of cath lab.

Key findings of the study

•           By service type, the therapeutic segment dominated the cath lab services market size in 2022.

•           Depending on application, the cardiac segment led the cath lab services market forecast in 2022.

•           On the basis of service provider, hospital was the prominent segment in cath lab services industry in 2022.

•           Region wise, North America exhibited the highest growth in 2022 and is expected to grow at a CAGR  during the forecast period.