Catheters Market Scope and Opportunities Analysis Report 2017-2025

23/ago/2019 08:35:12 Polaris Market Research Contatta l'autore

New York, NY 23 August 2019: The global  catheters market  is anticipated to reach USD 56.5 billion by 2025. In 2017, by product type, cardiovascular catheter segment captures the largest market shares in terms of revenue and hold major share in the market. Regionally, North America accounted for the major share in the catheter market.

Catheters are thin tubes made up of plastic, nylon, polyvinyl chloride (PVC), and silicon rubber. Catheters are majorly used in catheterization while surgical procedures like angioplasty, and neurosurgery. The catheters market is primarily driven by continuous growth in the population suffering from cardiovascular disorders and diabetes. Presently, various countries have shown growth in the population of hypertension and diabetes. In addition, favorable reimbursement policies, increasing demand for minimal invasive surgeries, and technological advanced catheter with high effectiveness by the global market during the forecast period. on other hand, the wide application of catheter in various surgeries such as angioplasty would also push this market. The reimbursements by the Medical program that provide approximately 100 catheters per month to the growth of catheter market in the future.

Cardiovascular Catheters, holds a major share in the global catheter market. The cardiovascular catheter market is further segmented as PTCA balloon catheters, IVUS catheters, PTA balloon catheters, electrophysiological catheters, and others. The growth of cardiovascular diseases is a major factor in the development of cardiovascular interventional procedures. While, urological catheter holds the second largest segment with the largest revenue. The main contributors to the development of urological market are continuous technological advancements, and increasing prevalence of urological diseases in the coming year.

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Geographically, North America holds dominating positions in the global catheter market followed by Europe and Asia Pacific. Growth in the North America catheter market is driven by the presence of refined health infrastructure, high volume of catheterization in medical procedures, high healthcare expenditure. Meanwhile, Asia Pacific is expected to reach the highest penetration rate in developing countries, growing technological advances for the development of new catheter devices, and improving healthcare expenditure in Asia Pacific during the forecast period.

The leading operating companies in this industry include Johnson & Johnson Inc., Abbott Laboratories, Becton, Dickson and Company, B. Braun Melsungen AG., Medtronic plc., Boston Scientific Corporation, Cook Group Incorporated, Teleflex Incorporated, Cardinal Health Inc. Smiths Medical, Arrow International Inc., Edward Life Science Corporation, and Coloplast.

Key Findings from the study suggest products available in the market to concentrate on the technological advancements that will reduce the side effects caused by the use of catheters. Leading companies while developing new products considers factors such as increasing disposable income, and untapped market potential. North America is presumed to dominate the global catheter market over the years and Asia Pacific region shows signs of high growth and the booming economies of India, and China.

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