SEATTLE, May 12, 2021, (MEDGADGET) — Global and China Catheters Market
Overview:
A catheter is a hollow, soft tube that is inserted into the bladder and used to drain urine. Catheter-based treatments include angioplasty, angiography, balloon septostomy, balloon sinuplasty, cardiac electrophysiology monitoring, and catheter ablation.
Statistics:
The global and China catheters market is expected to account around US$ 57.1 Bn in terms of value by the end of 2027.
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Drivers
Rising incidences of chronic diseases is expected to drive growth of the global and China catheters market during the forecast period. For instance, according to the American Heart Association’s Heart and Stroke Statistics 2019 Update, around 48% of all adults in the U.S. suffered from some type of cardiovascular diseases in 2016.
Furthermore, rising number of geriatric population is also expected to propel growth of the global and China catheters market over the forecast period. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.
Statistics:
Europe held a significant position in the global and China catheters market in 2019, accounting around 34.9% share in terms of volume, followed by North America and Asia Pacific, respectively.
Global and China Catheters Market: Restraints
The global and China catheters market are expected to be hampered by the increasing cost of cardiac catheterization procedures. The cost of a heart catheterization with or without a coronary angiogram is between US$ 3,000 and US$ 5,000.
Furthermore, risks associated with cardiac catheterization, such as air embolism, bleeding, heart attack, infection, and kidney injury, are also expected to hamper growth of the global and China catheters market.
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Statistics:
The global and China catheters market was accounted around US$ 38.7 Bn in 2019 and is forecast to reach a value over US$ 57.1 Bn by 2027 at a CAGR around 4.9% between 2020 and 2027.
Market Trends/Key Takeaways
Rising incidences of urinary incontinence is expected to pose demand for Foley catheters. For instance, according to the paper, in June 2019, “The prevalence of urinary incontinence,” published in the journal Climacteric, the prevalence of UI ranged from around 5% to 70%, with most studies reporting incidences of any urinary incontinence in the range around 25-45%.
Moreover, rising numbers of cardiac catheterization labs is expected to offer demand for cardiac catheters. For instance, in February 2020, Northwell Health, a nonprofit integrated healthcare network, announced that its facilities, Mather Hospital in Port Jefferson and Plainview Hospital, Lenox Health Greenwich Village, received approval from the New York State Health and Health Planning Council to establish cardiac catheterization labs.
Regulations
U.S.
- Conventional and antimicrobial Foley catheters are described in the FDA regulations under 21 CFR 876.5130(a), Urological Catheter and Accessories, as a “flexible tubular device that is inserted through the urethra and used to pass fluids to or from the urinary tract.”
- The classification for these devices is class II as stated in 21 CFR 876.5130(b)
- Manufacturers require a premarket approval for commercialization
Market Segmentation:
- By Product Type: Cardiovascular catheter, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters.
- By End User:Hospitals, Ambulatory Surgical Centers, and Specialty Clinics.
Global and China Catheters Market: Competitive Landscape
Major players are dominating in the global and China catheters market include, Cordis (Cardinal Health), B. BRAUN, Abbott Laboratories, Terumo, Medtronic plc, Teleflex Corporation, RIST Neurovascular, Inc., C. R. Bard, Inc., Cook Medical Incorporated, Edwards Lifesciences, Merit Medical, Biotronik, Osypka AG, BALT, Japan Lifeline, Lepu, ACT, Microport, Boston Scientific Corporation, SCW Medicath, Convatec Group PLC, Coloplast A/S, Bactiguard, Dentsply, Hollister Incorporated, Rochester Medical Corporation, Pacific Hospital Supply Co. Ltd., Fuqing Medical, Songhang, Medsuyun, Sanli, Haiou Medical, Chensheng Medical, World Medical, and CATHETRIX.
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Global and China Catheters Market: Key Developments
Key players are concentrating on the acceptance and sale of new products due to extend their product range. For instance, in February 2020, RIST Neurovascular, Inc., a neuro-interventional medtech corporation, obtained 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market the RIST Cath Radial Access Long Sheath (RIST Cath).
Key players are concentrating on adoption of partnership strategies to broaden their market share. For instance, in November 2019, CATHETRIX, a manufacturer of urinary Foley smart catheter fixations, signed a distribution agreement with Pro-Lab Diagnostics for the distribution of CATHETRIXs advanced FoleySafe catheter securement system in Canada, the United States, and the United Kingdom.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End User
- Market Snippet, By Country
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Highlights
- Product launch
- PEST Analysis
- Technological Advancements
- Regulatory Scenario
- Mergers and Acquisitions
- Impact of COVID19 on market
- Market Dynamics
- Global and China Catheter Market, By Product Type, 2019 – 2027, (US$ Bn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Cardiovascular Catheter
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Bn)
- Urology Catheters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Bn)
- Intravenous Catheters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Bn)
- Neurovascular Catheters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Bn)
- Specialty Catheters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Bn)
- Introduction
- Global and China Catheter Market, By End User, 2019 – 2027, (US$ Bn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Bn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Bn)
- Specialty Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Bn)
- Introduction
- Global and China Catheter Market, By Region, 2019 – 2027, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Bn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Bn)
- Germany
- U.K.
- France
- Spain
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Bn)
- Japan
- India
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- China
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Bn)
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By End User, 2016 – 2027, (US$ Bn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Bn)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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