Global Catheters Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026 at a CAGR of XX% during the forecast period.
The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Catheters dynamics, structure by identifying and analyzing the market segments and projecting the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Catheters Market.
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Global Catheters: Overview
The growing elderly population is the major driver that will boost catheters market growth throughout the forecast period. According to research, the global population aged over 60 years is expected to reach to 1.41 billion in 2030 from 962 million in 2017. Geriatric population is prone to various chronic diseases owing to changes in pulmonary function that occur due to structural changes in the aging population. This will fuel the need for surgical procedures among elderly patients. Aforementioned factors will augment the catheters market growth in the coming years.
Technological advancement in catheters market will serve to be another impact contributing factor that will enlarge the industry growth during the analysis period. Evolution in catheters that offer greater convenience, high efficiency, and sensor-based mapping will raise the demand for such devices. Prominent industry players are focusing on the development of innovative technologies. Moreover, increasing demand for minimally invasive surgeries will upsurge the catheters market size during the forecast timeframe.
However, an increase in the catheter-based hospital-acquired infections will hamper the catheters market growth during the forecast period. For instance, more than 15-25% of hospitalized patients undergo catheterization and may pose a risk of catheter-associated infections.
Global Catheters: By Segment Analysis
Based on the product, Cardiovascular catheters segment ruled the industry in 2017 with a revenue share of xx % and will continue to grow over the forecast period due to the growing prevalence of cardiovascular diseases all over the world. Wide range of application of cardiovascular catheters in invasive as well as minimally invasive surgical procedures will augment the demand. For instance, Arctic Front Cryocatheter and Freezer MAX Cardiac CryoAblation Catheter are widely used in combination for the treatment of endocardial treatment.
Urology catheters segment is estimated to witness considerable CAGR of xx% during the forthcoming years. High prevalence of urological diseases among geriatric population owing to functional changes will increase the demand for catheter-based surgeries. Increasing use of self-administered catheters among women coupled with increasing adoption of urinary catheters in the treatment of urinary incontinence will accelerate the segment growth right through the forecast period.
North America catheters market witnessed the highest revenue share of 34.2% in 2017 and is estimated to grow at a lucrative rate during the forecast period. Rising prevalence of cardiovascular diseases in the region is the key factor that will drive the catheters market growth in the coming years. Moreover, increasing incidence of obesity, lifestyle patterns, and unhealthy dietary habits will further increase the prevalence of cardiovascular diseases. Growing elderly population base coupled with rising demand for minimally invasive procedures will increase the North America catheters market size over the analysis period
Global Catheters Market 1
Global Catheters: Drivers and Restraints
Rising prevalence of cardiovascular, urology, neurovascular and other chronic diseases worldwide will drive global catheters market growth throughout the forecast period. Growing demand for minimally invasive surgical procedures, rising number of surgical procedures, increasing geriatric population base and across the globe will serve to be other impact supplying factors in the market growth. The catheters market is expected to witness robust growth in the coming years due to a growing demand for technologically advanced catheters. The industry players are particularly investing in R&D activities to develop innovative products and strengthen their market position.
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Scope of Catheters Market-
Global Catheters Market, By Product
• Cardiovascular
• Urology
• Intravenous
• Neurovascular
• Specialty Catheters
Global Catheters Market, By End-user
• Hospitals,
• Ambulatory Surgical Centers
Global Catheters Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Catheters Market
• Abbott Laboratories
• Arrow International Inc. (Teleflex Inc.)
• B. Braun Melsungen
• Boston Scientific Corporation
• C.R Bard
• Coloplast, ConvaTec
• Cure Medical
• Edwards Life Sciences Corporation
• Hollister Incorporated
• Johnson & Johnson
• Manfred Sauer
• Medtronic Inc.
• Smiths Medical
• Corporation
• Wellspect Healthcare
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MAJOR TOC OF THE REPORT
Chapter One: Catheters Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Catheters Market Competition, by Players
Chapter Four: Global Catheters Market Size by Regions
Chapter Five: North America Catheters Revenue by Countries
Chapter Six: Europe Catheters Revenue by Countries
Chapter Seven: Asia-Pacific Catheters Revenue by Countries
Chapter Eight: South America Catheters Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Catheters by Countries
Chapter Ten: Global Catheters Market Segment by Type
Chapter Eleven: Global Catheters Market Segment by Application
Chapter Twelve: Global Catheters Market Size Forecast (2019-2026)
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