The Global Catheters Market is expected to grow at a CAGR of 6.14% during the forecast period 2017-2023.
Catheters, a thin tube like medical devices inserted into a body cavity, duct, or vessel. They are used in drainage, administration of fluids or gases, and also to perform a wide variety of other tasks depending on the type of catheter. Increasing prevalence of the patients cardiac and urological diseases have increased the demand for the catheters.
To growth the market demand, many producers are seeking to introduce the new and advanced sorts of catheters. The worldwide catheter market is majorly driven by growing incidence of cardiac & urological diseases, increasing desire for minimum invasive therapy, and growing geriatric populace. Additionally, changing way of life and growing healthcare spending have spurred the increase of the marketplace. However, long time for approval, and risk of infection may gradual the increase of the market over the assessment period.
Amongst which, 468,000 people had been on dialysis and 193,000 had been living with a functioning kidney transplant. additionally, in step with the yank university of cardiology, in 2013, cardiovascular deaths represented 31% of all worldwide deaths and over 790,000 humans within the U.S. have coronary heart attacks every yr. growing range of patients with cardiac and urological illnesses has boosted the increase of the marketplace. At the college of Chicago remedy, over 70% of essential lung resection surgeries are performed the use of minimally invasive strategies. These days, humans are preferring minimum invasive techniques for the treatment. Geriatric humans and diabetic patients are greater liable to turning into cardiac and urological diseases.
Key players in the Global Catheters Market:
Some of the major players in this market are Boston Scientific Corporation, Koninklijke Philips N.V, Abbott, Medtronic plc, B. Braun Melsungen AG, Becton, Dickinson and Company, Terumo Corporation, LuMend Corporation (US), Covidien AG (Ireland), ACIST Medical Systems (US), and Cook Medical Inc. (US).
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- Cardiovascular catheters segment accounts for the largest share of the global catheters market while urinary catheters segment is projected to grow at a CAGR of 6.52% during the forecast period from 2017-2023
- Hospitals & clinics segment accounts for the largest market share in the global catheters market by end users, this segment is expected to reach USD 22,396.1 in 2023
- Americas market is expected to reach USD 16,638.8 by 2023
The global catheters market has been segmented on the basis of types and end users.
On the basis of types, the market is segmented into cardiovascular catheters, specialty catheters, intravenous catheters, urinary catheters, neurological catheters, and others.
On the basis of the end users, the market is segmented into hospitals & clinics, ambulatory surgical centers, and others.
1 Report Prologue
2 Market Introduction
2.1 Scope of Study
2.2 Research Objective
2.3 Assumptions & Limitations
2.4 Market Structure
3 Research Methodology
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3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
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