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According to the latest research, the global Intracardiac Echocardiography (ICE) Catheter market size was valued at USD 523.75 million in 2022 and is expected to expand at a CAGR of 6.51% during the forecast period, reaching USD 764.51 million by 2028.
Echocardiography uses ultrasound waves to make picture of structures inside the heart. Intracardiac echocardiogram (ICE) is a catheter-based form of echocardiography that gathers images from within the heart, rather than by gathering images of the heart by sending sound waves through the chest wall. Intracardiac Echocardiography (ICE) Catheter is used in this process. This report studies the global Intracardiac Echocardiography (ICE) Catheter market.
The production and sales of Intracardiac Echocardiography (ICE) Catheter are affected by Covid-19
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.
For the Intracardiac Echocardiography (ICE) Catheter industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
The advantage of Intracardiac Echocardiography (ICE)
Intracardiac Echocardiography (ICE) uses a catheter-based cardiac ultrasound array to image anatomy and devices inside the heart to help guide surgery. ICE is mainly used in electrophysiology (EP) lab ablation procedures and transcatheter structural heart interventions. Both transthoracic (TTE) and transesophageal echocardiography (TEE) are used to guide transcatheter interventions, but they both have limitations. ICE offers the advantage of imaging from inside the heart, providing shorter image distance and higher resolution. ICE can be performed without sedation, avoiding esophageal intubation like TEE. The advantage of ICE is an important factor to promote the demand growth of downstream field, thus promoting the application of Intracardiac Echocardiography (ICE) Catheter.
The barriers to entry into the medical device industry are relatively high
In addition to meeting the general laws and regulations, enterprises in this industry should have the prescribed operating conditions, including legally qualified medical technicians, engineering technicians and corresponding technical workers; It shall have factory buildings, facilities and a hygienic environment suitable for the production of medical device; It has an organization, personnel and necessary instruments and equipment capable of conducting quality control and quality inspection of the medical device produced; There are rules and regulations to ensure the quality of medical device. Medical device industry is a high investment industry, its new product development investment is high, the cycle is long, the risk is big. Therefore, new entrants usually need a long time to start up and face great financial pressure. Medical device industry technology is difficult, high equipment requirements, complex process route, production environment requirements are very strict.
Region Overview:
Geographically, North America held the largest market share – 48.44% in 2022.
Company Overview:
Abbott is one of the major players operating in the Intracardiac Echocardiography (ICE) Catheter market, holding a share of 40.9% in 2022.
Abbott
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Its portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines.
Siemens
Siemens AG is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad.
Segmentation Overview:
By type, 2D segment accounted for the largest share of market in 2022.
2D
Contemporary two-dimensional (2D) ICE catheters have a diameter of 8Fr and a length of 90 cm.
3D/4D
Three-dimensional (3D) ICE catheters have a diameter up to 12.5 Fr and are 90 cm in length. 3D ICE catheters provide a 90° imaging sector. The new 4D echo catheter, which is small enough to be inserted into the heart chambers, uses advanced imaging technology to create high-quality 3D moving images. This technology allows physicians to see structures and blood flow in live motion inside the heart, which is a major improvement over the standard intracardiac echo catheters that are only capable of providing 2D images. The 4D technology provides greater visual details to guide interventional heart procedures, such as left atrial appendage closure, mitral valve repair and treatment of tricuspid valve regurgitation.
Application Overview:
The market's largest segment by application is the segment Cardiac Electrophysiological Therapy, with a market share of 53.36% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Intracardiac Echocardiography (ICE) Catheter industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Intracardiac Echocardiography (ICE) Catheter. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Intracardiac Echocardiography (ICE) Catheter Market Report Include:
Market Size Estimates: Intracardiac Echocardiography (ICE) Catheter market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Intracardiac Echocardiography (ICE) Catheter market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Intracardiac Echocardiography (ICE) Catheter market
Segment Market Analysis: Intracardiac Echocardiography (ICE) Catheter market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Intracardiac Echocardiography (ICE) Catheter market situations and prospects in major and top regions and countries
Intracardiac Echocardiography (ICE) Catheter Market
Intracardiac Echocardiography (ICE) Catheter Industry Chain: Intracardiac Echocardiography (ICE) Catheter market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Intracardiac Echocardiography (ICE) Catheter Industry News, Policies by regions
Intracardiac Echocardiography (ICE) Catheter Industry Porters Five Forces Analysis
Key players in the global Intracardiac Echocardiography (ICE) Catheter market are covered in Chapter 2:
Abbott
Boston Scientific
Siemens
Koninklijke Philips
Johnson & Johnson MedTech
In Chapter 6 and Chapter 9, on the basis of types, the Intracardiac Echocardiography (ICE) Catheter market from 2018 to 2028 is primarily split into:
2D
3D/4D
In Chapter 7 and Chapter 10, on the basis of applications, the Intracardiac Echocardiography (ICE) Catheter market from 2018 to 2028 covers:
Cardiac Electrophysiological Therapy
Minimally Invasive Treatment of Valve Disease
Congenital Heart Disease Occlusion Treatment
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Intracardiac Echocardiography (ICE) Catheter market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Intracardiac Echocardiography (ICE) Catheter industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Intracardiac Echocardiography (ICE) Catheter market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Intracardiac Echocardiography (ICE) Catheter industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Intracardiac Echocardiography (ICE) Catheter market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Intracardiac Echocardiography (ICE) Catheter market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Intracardiac Echocardiography (ICE) Catheter market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Echocardiography uses ultrasound waves to make picture of structures inside the heart. Intracardiac echocardiogram (ICE) is a catheter-based form of echocardiography that gathers images from within the heart, rather than by gathering images of the heart by sending sound waves through the chest wall. Intracardiac Echocardiography (ICE) Catheter is used in this process. This report studies the global Intracardiac Echocardiography (ICE) Catheter market.
The production and sales of Intracardiac Echocardiography (ICE) Catheter are affected by Covid-19
In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.
For the Intracardiac Echocardiography (ICE) Catheter industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.
The advantage of Intracardiac Echocardiography (ICE)
Intracardiac Echocardiography (ICE) uses a catheter-based cardiac ultrasound array to image anatomy and devices inside the heart to help guide surgery. ICE is mainly used in electrophysiology (EP) lab ablation procedures and transcatheter structural heart interventions. Both transthoracic (TTE) and transesophageal echocardiography (TEE) are used to guide transcatheter interventions, but they both have limitations. ICE offers the advantage of imaging from inside the heart, providing shorter image distance and higher resolution. ICE can be performed without sedation, avoiding esophageal intubation like TEE. The advantage of ICE is an important factor to promote the demand growth of downstream field, thus promoting the application of Intracardiac Echocardiography (ICE) Catheter.
The barriers to entry into the medical device industry are relatively high
In addition to meeting the general laws and regulations, enterprises in this industry should have the prescribed operating conditions, including legally qualified medical technicians, engineering technicians and corresponding technical workers; It shall have factory buildings, facilities and a hygienic environment suitable for the production of medical device; It has an organization, personnel and necessary instruments and equipment capable of conducting quality control and quality inspection of the medical device produced; There are rules and regulations to ensure the quality of medical device. Medical device industry is a high investment industry, its new product development investment is high, the cycle is long, the risk is big. Therefore, new entrants usually need a long time to start up and face great financial pressure. Medical device industry technology is difficult, high equipment requirements, complex process route, production environment requirements are very strict.
Region Overview:
Geographically, North America held the largest market share – 48.44% in 2022.
Company Overview:
Abbott is one of the major players operating in the Intracardiac Echocardiography (ICE) Catheter market, holding a share of 40.9% in 2022.
Abbott
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Its portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines.
Siemens
Siemens AG is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad.
Segmentation Overview:
By type, 2D segment accounted for the largest share of market in 2022.
2D
Contemporary two-dimensional (2D) ICE catheters have a diameter of 8Fr and a length of 90 cm.
3D/4D
Three-dimensional (3D) ICE catheters have a diameter up to 12.5 Fr and are 90 cm in length. 3D ICE catheters provide a 90° imaging sector. The new 4D echo catheter, which is small enough to be inserted into the heart chambers, uses advanced imaging technology to create high-quality 3D moving images. This technology allows physicians to see structures and blood flow in live motion inside the heart, which is a major improvement over the standard intracardiac echo catheters that are only capable of providing 2D images. The 4D technology provides greater visual details to guide interventional heart procedures, such as left atrial appendage closure, mitral valve repair and treatment of tricuspid valve regurgitation.
Application Overview:
The market's largest segment by application is the segment Cardiac Electrophysiological Therapy, with a market share of 53.36% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Intracardiac Echocardiography (ICE) Catheter industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Intracardiac Echocardiography (ICE) Catheter. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Intracardiac Echocardiography (ICE) Catheter Market Report Include:
Market Size Estimates: Intracardiac Echocardiography (ICE) Catheter market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Intracardiac Echocardiography (ICE) Catheter market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Intracardiac Echocardiography (ICE) Catheter market
Segment Market Analysis: Intracardiac Echocardiography (ICE) Catheter market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Intracardiac Echocardiography (ICE) Catheter market situations and prospects in major and top regions and countries
Intracardiac Echocardiography (ICE) Catheter Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Intracardiac Echocardiography (ICE) Catheter Industry Chain: Intracardiac Echocardiography (ICE) Catheter market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Intracardiac Echocardiography (ICE) Catheter Industry News, Policies by regions
Intracardiac Echocardiography (ICE) Catheter Industry Porters Five Forces Analysis
Key players in the global Intracardiac Echocardiography (ICE) Catheter market are covered in Chapter 2:
Abbott
Boston Scientific
Siemens
Koninklijke Philips
Johnson & Johnson MedTech
In Chapter 6 and Chapter 9, on the basis of types, the Intracardiac Echocardiography (ICE) Catheter market from 2018 to 2028 is primarily split into:
2D
3D/4D
In Chapter 7 and Chapter 10, on the basis of applications, the Intracardiac Echocardiography (ICE) Catheter market from 2018 to 2028 covers:
Cardiac Electrophysiological Therapy
Minimally Invasive Treatment of Valve Disease
Congenital Heart Disease Occlusion Treatment
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Intracardiac Echocardiography (ICE) Catheter market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Intracardiac Echocardiography (ICE) Catheter industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Intracardiac Echocardiography (ICE) Catheter market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Intracardiac Echocardiography (ICE) Catheter industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Intracardiac Echocardiography (ICE) Catheter market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Intracardiac Echocardiography (ICE) Catheter market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Intracardiac Echocardiography (ICE) Catheter market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
