According to a new report published by Allied Market Research, titled “Catheters Market by Product: Global Opportunity Analysis and Industry Forecast, 2018-2025“, the global catheter market was valued at $10,703 million in 2017 and is expected to reach $ 19,976 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025. North America was the largest investor in 2017 and is expected to remain the same during the forecast period.
What is Catheters?
Catheter is a thin tube which is made from medical grade materials. They are medical devices that can be inserted in the body to treat diseases or perform a surgical procedure.
What is the market value of catheters market in 2031?
The market value of catheters market in 2031 is $49,469.93 million.
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- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
Covid-19 Situation –
- According to the National Library of Medicine, Jordan has imposed a strict COVID-19-related lockdown. The strict lockdown has been associated with a drastic drop in cardiac catheterization procedure volumes with a gradual increase in volumes after the lockdown is partially lifted.
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Catheterization is a basic co-procedure performed with various medical procedures, such as cardiac electrophysiology, neurosurgery, angioplasty, urological disorders and others, using catheters. The increase in the number of diseases and surgeries in the world has increased the demand for catheters as they are most often used in hospitals and clinics for various therapeutic and diagnostic purposes.
Increased about the heart disease and diabozi; And growth that requires a little things that make the system increases the growth market. In addition, technical, this producers and covering is prevented from illegal illness, relieve the disease relating to Catheter, and to speak from social profiles. In addition, increasing reimbursement levels for catheters are expected to increase the demand for catheters. However, insufficient assurance of catheters and price competition at the national level will hinder the growth of the market. Rising healthcare spending in developing countries, such as India and China, is expected to provide opportunities for market expansion.
Major Key Market Players in the Industry –
B. Braun Melsungen AG,
Dickinson and Company,
Boston Scientific Corporation,
Johnson and Johnson,
Edwards Lifesciences Corporation,
Cook Medical Inc.,
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Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
Important Questions Being Answered by This Market Report Are –
Q1. What would be forecast period in the market report?
Q2. What is the market value of catheters market in 2031?
Q3. Which is base year calculated in the catheters market report?
Q4. Which are the top companies holding the market share in catheters market?
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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.
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