SEATTLE, May 20, 2021, (MEDGADGET) — Overview:
Catheters are medical devices inserted into the body to treat diseases or perform surgical procedures. A catheter is widely used in surgical procedures, such as catheter ablation, balloon sinuplasty, balloon septostomy, angiography, angioplasty, etc. Catheter are also used to administer parenteral nutrition, medication, or intravenous fluids.
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Drivers:
Increasing incidence of chronic diseases, such as cancer, diabetes, cardiovascular disease, etc., is expected augment the India catheters market growth. According to the Journal of American College of Cardiology, in July 2018, around 54.6 million new cases of cardiovascular disease were reported in India.
Moreover, growing geriatric population in India is expected to propel the India catheters market growth. According to the United Nations, India’s geriatric population is expected to grow by around 20% by 2050.
Restraints:
The use of a Foley catheter might result in a urinary tract infection which is expected to hamper the India catheters market growth. For instance, according to a study conducted at the Microbiology department of a tertiary health care hospital in Mumbai, ‘Prevalence of urinary tract infections and current scenario of antibiotic susceptibility pattern of bacteria causing UTI’, in 2018, the overall incidence of Urinary Tract Infection (UTI) was 33.54 percent, of which 33.22 percent were males and 66.78 percent were females.
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Segmentation:
By Type:
· Urology Catheters
· Neurovascular Catheters
· Cardiovascular Catheter
· Specialty Catheters
· Intravenous Catheters
By region:
· South India
· North India
· West India
· East India
Opportunities:
Increasing research and development in peripheral intravenous catheters is expected to extend profitable opportunities for players in the India catheters market. For instance, researchers from the United Kingdom’s Royal Alexandra Children’s Hospital, Greece’s NICU, and General Hospital “Agios Panteleimon,” reported that the cases of complications related with the use of peripherally inserted central catheters and umbilical venous catheters in very low birth weight infants did not differ significantly in the report, in August 2019.
Market Trends:
Increased research and development into peripherally inserted catheters to reduce the catheter-related infections risk is expected to drive the India catheters market growth during the forecast period. For instance, in June 2020, Interrad Medical announced that the SecurAcath Subcutaneous Catheter Securement Device significantly reduces the risk of catheter-related infection.
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Competitive Section:
Key players involved in India catheters market are Abbott Laboratories, Arrow International (Teleflex Incorporation), Coloplast A/S, Johnson & Johnson, Boston Scientific Corporation, Edwards Life sciences Corporation, Rochester Medical Corporation, B. Braun Medical, and Medtronic, Inc.
Market players are focused on new product launch and product approvals to strengthen their product portfolio. For instance, RIST Neurovascular, in February 2020, received the United States Food and Drug Administration (FDA) 510(k) clearance to market the RIST Cath.
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