“Significant rise in the use of these catheters for diagnosis and treatment of numerous diseases including cardiovascular, neurological, urological and supplement the market growth for catheters. Moreover, surge in geriatric population across the globe further fuels the growth of the market.”
The report offers information on the drivers, restraints, & opportunities, top investment pockets, market segments, market size & share, and the competitive landscape. These insights are helpful for market players, investors, stakeholders, and new entrants to gain major market share and gain international presence. According to the report, the global catheters market garnered $10.70 billion in 2017 and is projected to accrue a sum of $19,97 billion by 2025, growing at a CAGR of 8% from 2018 to 2025.
The report elaborately analyzes the drivers, restraints, and opportunities of the market. Factors such as growing demand for minimally invasive procedures, increase in adoption of catheters, and surge in geriatric population drive the growth of the market. However, rise in catheter-associated urinary tract infections (CAUTI) and inadequate quality assurance hinder the growth of the market. Conversely, an increase in reimbursement levels and advancements in catheter technology are anticipated to offer significant growth opportunities for market growth.
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The report provides an elaborate analysis of the various segments of the catheters market. The market is classified into product and geography. Based on product, the market is bifurcated into cardiovascular catheters, neurovascular catheters, urological catheters, intravenous catheters, and specialty catheters. Regionally, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA.
A broad analysis of the players operating in the catheters market is also offered in the study. Details such as their overview, their business segments under operation, key strategic moves and developments, and more are discussed.
The companies profiled in the report include Abbott Laboratories, Becton Dickinson And Company, Boston Scientific Corporation, Stryker Corporation, Cook Medical, B. Braun Melsungen AG, Teleflex Incorporated, Johnson & Johnson, Medtronic, Inc., and Edwards Lifesciences Corp.
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Key Findings Of The Study
- Based on product, the cardiovascular catheters segment accounted for nearly half share of the catheters industry in 2017.
- The urological catheters segment is anticipated to grow with the highest CAGR throughout the forecast period.
- Based on region, North America accounted for a major share of the global catheters market in 2017.
- Asia-Pacific is anticipated to grow at the highest rate in the catheters market during the analysis period, followed by LAMEA.
Scope of The Report:
|Market size available for years||2017-2025|
|Base year considered||2018|
|Forecast units||Value (USD)|
|Geographies covered||North America, Europe, Asia-Pacific, LAMEA|
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