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.
Europe is known for its advanced healthcare infrastructure and a strong emphasis on innovation. Technological advancements in the design and functionality of steerable sheaths have made them more precise, efficient, and safer for various medical procedures. Thus, the Europe region acquired 31.4% revenue share in the market 2023. This has contributed to the increasing adoption of this among European healthcare professionals. Therefore, these aspects can assist in the expansion of the segment.
These are utilized in neurovascular interventions aimed at treating ischemic and hemorrhagic strokes. These procedures often involve using catheters and guidewires to access and navigate the intricate vascular network of the brain.
Additionally, as per the World Health Organization, every year, an estimated 17 million people globally die of cardiovascular diseases (CVD). Moreover, according to the Saudi Arabia government, over 30% of Saudi Arabia's adult population (18 years and older) were at risk of developing CVD in 2022.
However, developing innovative steerable sheaths requires extensive research to explore new technologies, materials, and design concepts. This initial phase involves investing in research teams, laboratory facilities, and prototyping equipment. Hence, these aspects can limit the expansion of the market.
Capital expenditures on medical devices and equipment, including steerable sheaths, were deferred or scaled back as healthcare organizations focused on addressing immediate needs and financial constraints. The shift in healthcare spending priorities further dampened demand for steerable sheaths during the pandemic. Thus, the COVID-19 pandemic had a negative impact on the steerable sheaths market.
Type Outlook
Based on type, the market is bifurcated into single-use steerable sheaths and reprocessed steerable sheaths. The single-use steerable sheaths segment held 89.2% revenue share.in the steerable sheaths market in 2023. Single-use steerable sheaths offer cost-efficiency and operational benefits compared to reusable sheath systems.
Application Outlook
On the basis of application, the market is divided into electrophysiology (EP) procedures, interventional cardiology procedures, and peripheral vascular procedures, and others. In 2023, the interventional cardiology procedures segment witnessed 27.3% revenue share in the market. Cardiovascular diseases (CVDs) remain a leading cause of morbidity and mortality globally, driving the demand for interventional cardiology procedures.
End Use Outlook
Based on end-use, the market is divided into hospitals & clinics and ambulatory surgical centers. The hospitals and clinics segment recorded 72.6% revenue share in the market in 2023. Hospitals and clinics are increasingly adopting minimally invasive procedures as preferred treatment modalities due to their numerous advantages, including reduced recovery times, shorter hospital stays, and lower procedural risks than traditional open surgeries.
Region Outlook
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2023, the Europe segment acquired 31.4% revenue share in the market. Europe is known for its advanced healthcare infrastructure and a strong emphasis on innovation. Technological advancements in the design and functionality of steerable sheaths have made them more precise, efficient, and safer for various medical procedures.
List of Key Companies Profiled
- Medtronic PLC
- Stryker Corporation
- Boston Scientific Corporation
- Abbott Laboratories
- Teleflex Incorporated
- Integer Holdings Corporation
- Merit Medical Systems, Inc.
- AngioDynamics, Inc.
- Johnson & Johnson
- Obex Medical
Global Steerable Sheaths Market Report Segmentation
By Type
- Single-Use Steerable Sheaths
- Reprocessed Steerable Sheaths
By Application
- Electrophysiology (EP) Procedures
- Interventional Cardiology Procedures
- Peripheral Vascular Procedures
- Others
By End-use
- Hospitals & Clinics
- Ambulatory Surgical Centers
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Steerable Sheaths Market, by Type
- 1.4.2Global Steerable Sheaths Market, by Application
- 1.4.3Global Steerable Sheaths Market, by End-use
- 1.4.4Global Steerable Sheaths Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter Five Forces Analysis
Chapter 4.Global Steerable Sheaths Market by Type
- 4.1Global Single-Use Steerable Sheaths Market by Region
- 4.2Global Reprocessed Steerable Sheaths Market by Region
Chapter 5.Global Steerable Sheaths Market by Application
- 5.1Global Electrophysiology (EP) Procedures Market by Region
- 5.2Global Interventional Cardiology Procedures Market by Region
- 5.3Global Peripheral Vascular Procedures Market by Region
- 5.4Global Others Market by Region
Chapter 6.Global Steerable Sheaths Market by End-use
- 6.1Global Hospitals & Clinics Market by Region
- 6.2Global Ambulatory Surgical Centers Market by Region
Chapter 7.Global Steerable Sheaths Market by Region
- 7.1North America Steerable Sheaths Market
- 7.1.1North America Steerable Sheaths Market by Type
- 7.1.1.1North America Single-Use Steerable Sheaths Market by Country
- 7.1.1.2North America Reprocessed Steerable Sheaths Market by Country
- 7.1.2North America Steerable Sheaths Market by Application
- 7.1.2.1North America Electrophysiology (EP) Procedures Market by Country
- 7.1.2.2North America Interventional Cardiology Procedures Market by Country
- 7.1.2.3North America Peripheral Vascular Procedures Market by Country
- 7.1.2.4North America Others Market by Country
- 7.1.3North America Steerable Sheaths Market by End-use
- 7.1.3.1North America Hospitals & Clinics Market by Country
- 7.1.3.2North America Ambulatory Surgical Centers Market by Country
- 7.1.4North America Steerable Sheaths Market by Country
- 7.1.4.1US Steerable Sheaths Market
- 7.1.4.1.1US Steerable Sheaths Market by Type
- 7.1.4.1.2US Steerable Sheaths Market by Application
- 7.1.4.1.3US Steerable Sheaths Market by End-use
- 7.1.4.2Canada Steerable Sheaths Market
- 7.1.4.2.1Canada Steerable Sheaths Market by Type
- 7.1.4.2.2Canada Steerable Sheaths Market by Application
- 7.1.4.2.3Canada Steerable Sheaths Market by End-use
- 7.1.4.3Mexico Steerable Sheaths Market
- 7.1.4.3.1Mexico Steerable Sheaths Market by Type
- 7.1.4.3.2Mexico Steerable Sheaths Market by Application
- 7.1.4.3.3Mexico Steerable Sheaths Market by End-use
- 7.1.4.4Rest of North America Steerable Sheaths Market
- 7.1.4.4.1Rest of North America Steerable Sheaths Market by Type
- 7.1.4.4.2Rest of North America Steerable Sheaths Market by Application
- 7.1.4.4.3Rest of North America Steerable Sheaths Market by End-use
- 7.2Europe Steerable Sheaths Market
- 7.2.1Europe Steerable Sheaths Market by Type
- 7.2.1.1Europe Single-Use Steerable Sheaths Market by Country
- 7.2.1.2Europe Reprocessed Steerable Sheaths Market by Country
- 7.2.2Europe Steerable Sheaths Market by Application
- 7.2.2.1Europe Electrophysiology (EP) Procedures Market by Country
- 7.2.2.2Europe Interventional Cardiology Procedures Market by Country
- 7.2.2.3Europe Peripheral Vascular Procedures Market by Country
- 7.2.2.4Europe Others Market by Country
- 7.2.3Europe Steerable Sheaths Market by End-use
- 7.2.3.1Europe Hospitals & Clinics Market by Country
- 7.2.3.2Europe Ambulatory Surgical Centers Market by Country
- 7.2.4Europe Steerable Sheaths Market by Country
- 7.2.4.1Germany Steerable Sheaths Market
- 7.2.4.1.1Germany Steerable Sheaths Market by Type
- 7.2.4.1.2Germany Steerable Sheaths Market by Application
- 7.2.4.1.3Germany Steerable Sheaths Market by End-use
- 7.2.4.2UK Steerable Sheaths Market
- 7.2.4.2.1UK Steerable Sheaths Market by Type
- 7.2.4.2.2UK Steerable Sheaths Market by Application
- 7.2.4.2.3UK Steerable Sheaths Market by End-use
- 7.2.4.3France Steerable Sheaths Market
- 7.2.4.3.1France Steerable Sheaths Market by Type
- 7.2.4.3.2France Steerable Sheaths Market by Application
- 7.2.4.3.3France Steerable Sheaths Market by End-use
- 7.2.4.4Russia Steerable Sheaths Market
- 7.2.4.4.1Russia Steerable Sheaths Market by Type
- 7.2.4.4.2Russia Steerable Sheaths Market by Application
- 7.2.4.4.3Russia Steerable Sheaths Market by End-use
- 7.2.4.5Spain Steerable Sheaths Market
- 7.2.4.5.1Spain Steerable Sheaths Market by Type
- 7.2.4.5.2Spain Steerable Sheaths Market by Application
- 7.2.4.5.3Spain Steerable Sheaths Market by End-use
- 7.2.4.6Italy Steerable Sheaths Market
- 7.2.4.6.1Italy Steerable Sheaths Market by Type
- 7.2.4.6.2Italy Steerable Sheaths Market by Application
- 7.2.4.6.3Italy Steerable Sheaths Market by End-use
- 7.2.4.7Rest of Europe Steerable Sheaths Market
- 7.2.4.7.1Rest of Europe Steerable Sheaths Market by Type
- 7.2.4.7.2Rest of Europe Steerable Sheaths Market by Application
- 7.2.4.7.3Rest of Europe Steerable Sheaths Market by End-use
- 7.3Asia Pacific Steerable Sheaths Market
- 7.3.1Asia Pacific Steerable Sheaths Market by Type
- 7.3.1.1Asia Pacific Single-Use Steerable Sheaths Market by Country
- 7.3.1.2Asia Pacific Reprocessed Steerable Sheaths Market by Country
- 7.3.2Asia Pacific Steerable Sheaths Market by Application
- 7.3.2.1Asia Pacific Electrophysiology (EP) Procedures Market by Country
- 7.3.2.2Asia Pacific Interventional Cardiology Procedures Market by Country
- 7.3.2.3Asia Pacific Peripheral Vascular Procedures Market by Country
- 7.3.2.4Asia Pacific Others Market by Country
- 7.3.3Asia Pacific Steerable Sheaths Market by End-use
- 7.3.3.1Asia Pacific Hospitals & Clinics Market by Country
- 7.3.3.2Asia Pacific Ambulatory Surgical Centers Market by Country
- 7.3.4Asia Pacific Steerable Sheaths Market by Country
- 7.3.4.1China Steerable Sheaths Market
- 7.3.4.1.1China Steerable Sheaths Market by Type
- 7.3.4.1.2China Steerable Sheaths Market by Application
- 7.3.4.1.3China Steerable Sheaths Market by End-use
- 7.3.4.2Japan Steerable Sheaths Market
- 7.3.4.2.1Japan Steerable Sheaths Market by Type
- 7.3.4.2.2Japan Steerable Sheaths Market by Application
- 7.3.4.2.3Japan Steerable Sheaths Market by End-use
- 7.3.4.3India Steerable Sheaths Market
- 7.3.4.3.1India Steerable Sheaths Market by Type
- 7.3.4.3.2India Steerable Sheaths Market by Application
- 7.3.4.3.3India Steerable Sheaths Market by End-use
- 7.3.4.4South Korea Steerable Sheaths Market
- 7.3.4.4.1South Korea Steerable Sheaths Market by Type
- 7.3.4.4.2South Korea Steerable Sheaths Market by Application
- 7.3.4.4.3South Korea Steerable Sheaths Market by End-use
- 7.3.4.5Singapore Steerable Sheaths Market
- 7.3.4.5.1Singapore Steerable Sheaths Market by Type
- 7.3.4.5.2Singapore Steerable Sheaths Market by Application
- 7.3.4.5.3Singapore Steerable Sheaths Market by End-use
- 7.3.4.6Malaysia Steerable Sheaths Market
- 7.3.4.6.1Malaysia Steerable Sheaths Market by Type
- 7.3.4.6.2Malaysia Steerable Sheaths Market by Application
- 7.3.4.6.3Malaysia Steerable Sheaths Market by End-use
- 7.3.4.7Rest of Asia Pacific Steerable Sheaths Market
- 7.3.4.7.1Rest of Asia Pacific Steerable Sheaths Market by Type
- 7.3.4.7.2Rest of Asia Pacific Steerable Sheaths Market by Application
- 7.3.4.7.3Rest of Asia Pacific Steerable Sheaths Market by End-use
- 7.4LAMEA Steerable Sheaths Market
- 7.4.1LAMEA Steerable Sheaths Market by Type
- 7.4.1.1LAMEA Single-Use Steerable Sheaths Market by Country
- 7.4.1.2LAMEA Reprocessed Steerable Sheaths Market by Country
- 7.4.2LAMEA Steerable Sheaths Market by Application
- 7.4.2.1LAMEA Electrophysiology (EP) Procedures Market by Country
- 7.4.2.2LAMEA Interventional Cardiology Procedures Market by Country
- 7.4.2.3LAMEA Peripheral Vascular Procedures Market by Country
- 7.4.2.4LAMEA Others Market by Country
- 7.4.3LAMEA Steerable Sheaths Market by End-use
- 7.4.3.1LAMEA Hospitals & Clinics Market by Country
- 7.4.3.2LAMEA Ambulatory Surgical Centers Market by Country
- 7.4.4LAMEA Steerable Sheaths Market by Country
- 7.4.4.1Brazil Steerable Sheaths Market
- 7.4.4.1.1Brazil Steerable Sheaths Market by Type
- 7.4.4.1.2Brazil Steerable Sheaths Market by Application
- 7.4.4.1.3Brazil Steerable Sheaths Market by End-use
- 7.4.4.2Argentina Steerable Sheaths Market
- 7.4.4.2.1Argentina Steerable Sheaths Market by Type
- 7.4.4.2.2Argentina Steerable Sheaths Market by Application
- 7.4.4.2.3Argentina Steerable Sheaths Market by End-use
- 7.4.4.3UAE Steerable Sheaths Market
- 7.4.4.3.1UAE Steerable Sheaths Market by Type
- 7.4.4.3.2UAE Steerable Sheaths Market by Application
- 7.4.4.3.3UAE Steerable Sheaths Market by End-use
- 7.4.4.4Saudi Arabia Steerable Sheaths Market
- 7.4.4.4.1Saudi Arabia Steerable Sheaths Market by Type
- 7.4.4.4.2Saudi Arabia Steerable Sheaths Market by Application
- 7.4.4.4.3Saudi Arabia Steerable Sheaths Market by End-use
- 7.4.4.5South Africa Steerable Sheaths Market
- 7.4.4.5.1South Africa Steerable Sheaths Market by Type
- 7.4.4.5.2South Africa Steerable Sheaths Market by Application
- 7.4.4.5.3South Africa Steerable Sheaths Market by End-use
- 7.4.4.6Nigeria Steerable Sheaths Market
- 7.4.4.6.1Nigeria Steerable Sheaths Market by Type
- 7.4.4.6.2Nigeria Steerable Sheaths Market by Application
- 7.4.4.6.3Nigeria Steerable Sheaths Market by End-use
- 7.4.4.7Rest of LAMEA Steerable Sheaths Market
- 7.4.4.7.1Rest of LAMEA Steerable Sheaths Market by Type
- 7.4.4.7.2Rest of LAMEA Steerable Sheaths Market by Application
- 7.4.4.7.3Rest of LAMEA Steerable Sheaths Market by End-use
Chapter 8.Company Profiles
- 8.1Medtronic PLC
- 8.1.1Company overview
- 8.1.2Financial Analysis
- 8.1.3Segmental and Regional Analysis
- 8.1.4Research & Development Expenses
- 8.1.5SWOT Analysis
- 8.2Boston Scientific Corporation
- 8.2.1Company Overview
- 8.2.2Financial Analysis
- 8.2.3Segmental and Regional Analysis
- 8.2.4Research & Development Expense
- 8.2.5SWOT Analysis
- 8.3Abbott Laboratories
- 8.3.1Company Overview
- 8.3.2Financial Analysis
- 8.3.3Segmental and Regional Analysis
- 8.3.4Research & Development Expense
- 8.3.5SWOT Analysis
- 8.4Stryker Corporation
- 8.4.1Company Overview
- 8.4.2Financial Analysis
- 8.4.3Segmental and Regional Analysis
- 8.4.4Research & Development Expenses
- 8.4.5SWOT Analysis
- 8.5Teleflex Incorporated
- 8.5.1Company Overview
- 8.5.2Financial Analysis
- 8.5.3Segmental and Regional Analysis
- 8.5.4Research & Development Expenses
- 8.5.5SWOT Analysis
- 8.6Integer Holdings Corporation
- 8.6.1Company Overview
- 8.6.2Financial Analysis
- 8.6.3Segmental and Regional Analysis
- 8.6.4Research & Development Expenses
- 8.6.5Recent strategies and developments:
- 8.6.5.1Acquisition and Mergers:
- 8.6.6SWOT Analysis
- 8.7Merit Medical Systems, Inc.
- 8.7.1Company Overview
- 8.7.2Financial Analysis
- 8.7.3Segmental and Regional Analysis
- 8.7.4Research & Development Expenses
- 8.7.5SWOT Analysis
- 8.8AngioDynamics, Inc.
- 8.8.1Company Overview
- 8.8.2Financial Analysis
- 8.8.3Segmental and Regional Analysis
- 8.8.4Research & Development Expenses
- 8.8.5SWOT Analysis
- 8.9Johnson & Johnson
- 8.9.1Company Overview
- 8.9.2Financial Analysis
- 8.9.3Segmental & Regional Analysis
- 8.9.4Research & Development Expenses
- 8.9.5SWOT Analysis
- 8.10.Obex Medical (Bunzl Plc)
- 8.10.1Company Overview
- 8.10.2SWOT Analysis
Chapter 9.Winning Imperatives of Steerable Sheaths market