Steerable Sheaths Market Size To Reach $1,310 Million By 2030

Steerable Sheaths Market Growth & Trends

The global steerable sheaths market size is anticipated to reach USD 1,310 million by 2030 and is projected to grow at a CAGR of 7.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The key factors contributing to market growth demands for minimally invasive procedures, the rising prevalence of cardiovascular & neurological diseases, technological advancements, and expanding applications in emerging fields.

The growing number of catheter ablation procedures is expected to positively impact on the market. As the number of ablation procedures rises, a direct increase in demand for steerable sheaths is observed, which are essential components for guiding catheters. Furthermore, steerable sheaths enhance maneuverability for navigating complex anatomies, provide greater flexibility for reaching targeted areas, improve compatibility, and enhance visualization capability through integrated imaging capabilities.

Technological advancements have supported new application development and aligned procedures with enhanced patency. Incorporating a steerable sheath with visualization technologies, such as an Electroanatomical Mapping (EAM) system, is expected to boost the market growth. According to an article published by the European Heart Rhythm Association in March 2023, using visualizable steerable sheaths for catheter ablation procedures reduced radiation exposure when compared to non-visualizable steerable sheaths.

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Steerable Sheaths Market Report Highlights

• Based on the type, the single-use segment led the market with the largest revenue share of 95.6% in 2023. Growth of the segment can be attributed to the convenience & cost-effectiveness, material innovation, and higher focus on user-friendliness

• Based on the application, the electrophysiology procedure segment led the market in 2023 with the largest revenue share of 38.8%. Growth of the segment can be attributed to the rising prevalence of arrhythmias, increasing adoption of catheter ablation, and advancements in steerable sheaths

• Based on the end-use, the ambulatory surgical centers segment is anticipated to grow at the fastest CAGR over the forecast period. The segment growth can be attributed to the minimally invasive nature of the procedure with a shorter procedure time, higher cost-efficiency, reduced recovery time, and government bodies promoting steerable sheath-related procedures in an outpatient setting

• North America dominated the market with the revenue share of 37.2% in 2023. The rising incidence of cardiovascular disease, advanced healthcare infrastructure, and the presence of key players. In addition, the increasing number of patients undergoing surgeries and the rising awareness about minimally invasive surgeries are expected to propel market growth in North America

Steerable Sheaths Market Segmentation

Grand View Research has segmented the global steerable sheaths market report based on type, application, end-use, and region.

Steerable Sheaths Type Outlook (Revenue, USD Million, 2018 - 2030)

• Single-use Steerable Sheaths

• Reprocessed Steerable Sheaths

Steerable Sheaths Application Outlook (Revenue, USD Million, 2018 - 2030)

• Electrophysiology (EP) Procedures

• Interventional Cardiology Procedures

• Peripheral Vascular Procedures

• Other Procedures

Steerable Sheaths End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals and Clinics

• Ambulatory Surgical Centers

Steerable Sheaths Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in the Steerable Sheaths Market

• Medtronic

• Boston Scientific Corporation

• Abbott

• Stryker

• Teleflex Incorporated

• Johnson & Johnson Services, Inc.

• Integer Holdings Corporation

• Merit Medical Systems

• Terumo Corporation

• OSCOR Inc.