The Global Catheters Market is expected to grow at a CAGR of 6.14% during the forecast period 2017-2023.
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).
The catheter is thin tube medical device made from high graded material used in the healthcare to deliver medications, gases or fluids to patients or to drain bodily fluids such as urine. These are inserted into the body for the treatment of a number of diseases and while performing surgeries. A number of catheter types such as cardiovascular catheters, specialty catheters, intravenous catheters, urinary catheters, and neurological catheters are available in the market for the treatment of diseases such as like cardiovascular, neurovascular, urology and many more.
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According to the National Institutes of Health, in 2016, over 661,000 Americans had kidney failure. Among which, 468,000 individuals were on dialysis and 193,000 were living with a functioning kidney transplant. Additionally, according to the American College of Cardiology, in 2013, cardiovascular deaths represented 31% of all global deaths and over 790,000 people in the U.S. have heart attacks every year. Increasing number of patients with cardiac and urological diseases has boosted the growth of the market. At the University of Chicago Medicine, over 70% of major lung resection surgeries are performed using minimally invasive techniques. Nowadays, people are preferring minimal invasive techniques for the treatment. Geriatric people and diabetic patients are more prone to becoming cardiac and urological diseases.
According to the U.S. Department of Health and Human Services, in 2015, globally the people over age 65 were around 617 million. Due to a sedentary lifestyle, people are more prone to cardiovascular diseases or other related diseases. Thus, increasing geriatric population, elevating a number of diabetic patients, increasing preferring minimal invasive techniques, and changing lifestyle have fuelled the growth of the market. However, according to the Centers for Disease Control and Prevention, in 2015, in 5% of the causes, catheter-associated urinary tract infection was observed. Risk of infection due to use of catheter may slow the growth of the market.
The Global Catheters Market has been segmented on the basis of types and end users.
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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
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
LIST OF FIGURES
Figure 1 Market Structure of Global Catheters Market
Figure 2 Research Methodology
Figure 3 Global Catheters Market: Forecast Model
Figure 4 Value Chain: Catheters Market
Figure 5 Porters Five Forces Model
Figure 6 Global Catheters Market by Type, 2016 & 2023 (USD Million)
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