According to a new report, published by KBV research, The Global Steerable Sheaths Market size is expected to reach $1.2 billion by 2031, rising at a market growth of 7.0% CAGR during the forecast period.
The Reprocessed Steerable Sheaths segment is anticipating a CAGR of 9.2% during (2024 - 2031). Reprocessing steerable sheaths aligns with sustainability initiatives and environmental stewardship efforts within the healthcare industry. By extending the lifespan of single-use devices through reprocessing and reuse, healthcare facilities can reduce medical waste generation, minimize environmental impact, and promote eco-friendly practices. Hence, there can be increased demand in the segment.
The Electrophysiology (EP) Procedures segment is leading the Global Steerable Sheaths Market by Application in 2023; thereby, achieving a market value of $418.7 million by 2031. EP procedures are no longer limited to the treatment of atrial fibrillation and other common arrhythmias. Advances in EP technology and techniques have expanded the indications for EP procedures, including complex arrhythmias, structural heart disease, and congenital heart conditions. As EP procedures become more diverse and specialized.
The Ambulatory Surgical Centers segment is registering a CAGR of 7.9% during (2024 - 2031). Ambulatory surgical centers are known for their focus on minimally invasive procedures, which offer several advantages over traditional open surgeries, including shorter recovery times, reduced post-operative pain, and lower healthcare costs. Steerable sheaths facilitate minimally invasive interventions across various medical specialties, including interventional cardiology, electrophysiology, neurology, and gastroenterology. Hence, these factors can lead to enhanced growth in the segment.
Full Report: https://www.kbvresearch.com/steerable-sheaths-market/
The North America region dominated the Global Steerable Sheaths Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $418.9 million by 2031. The Europe region is experiencing a CAGR of 6.8% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 7.5% during (2024 - 2031).
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