Europe Steerable Sheaths Market Size & Outlook, 2023-2030
Europe steerable sheaths market, 2018-2030 (US$M)
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Europe steerable sheaths market highlights
- The Europe steerable sheaths market generated a revenue of USD 223.1 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, single-use steerable sheaths was the largest revenue generating type in 2023.
- Single-use Steerable Sheaths is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Sweden is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 223.1 million |
| Market revenue in 2030 | USD 358.0 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Single-use steerable sheaths |
| Fastest growing segment | Single-use Steerable Sheaths |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single-use Steerable Sheaths, Reprocessed Steerable Sheaths |
| Key market players worldwide | Medtronic PLC, Boston Scientific Corp, Abbott Laboratories, Stryker Corp, Teleflex Inc, Johnson & Johnson, Integer Holdings Corp, Merit Medical Systems Inc, Terumo Corp, Oscar Health Inc Class A |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.6% of the global steerable sheaths market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 356.4 million by 2030.
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Steerable Sheaths Market Scope
Steerable Sheaths Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe steerable sheaths market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to steerable sheaths market will help companies and investors design strategic landscapes.
Single-use steerable sheaths was the largest segment with a revenue share of 95.65% in 2023. Horizon Databook has segmented the Europe steerable sheaths market based on single-use steerable sheaths, reprocessed steerable sheaths covering the revenue growth of each sub-segment from 2018 to 2030.
The European regulatory framework for steerable sheaths falls under the purview of the Medical Devices Regulation (MDR) (Regulation (EU) 2017/745). Steerable sheaths are classified as Class IIa (mediumhigh risk) or III (high risk) medical devices under the MDR based on their intended purpose and potential risks.
The class IIaA devices undergo a conformity assessment procedure that involves a notified body, an independent organization designated by a member state, to assess compliance with essential safety & performance requirements.
The class III devices require a more stringent conformity assessment procedure involving a notified body and potentially involving the participation of a competent authority, the national regulatory body responsible for medical devices in each member state.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe steerable sheaths market , including forecasts for subscribers. This continent databook contains high-level insights into Europe steerable sheaths market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe steerable sheaths market size, by country, 2018-2030 (US$M)
Europe Steerable Sheaths Market Outlook Share, 2023 & 2030 (US$M)
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