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Catheters Market Key Developments Trends, Analysis and Forecasts to 2023

05-11-2018 01:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Catheters Market

Catheters Market

Market Scenario:

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. 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 market for catheters is growing at a tremendous pace. The market is expected to grow at the CAGR of 6.14% during the forecast period and is estimated to reach USD 49,731.9 million by 2023.

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Segmentation:                                                  

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.

Intended Audience:                                                                                             

Catheters Products Manufacturers
Catheters Products Providers
Medical Research Laboratories
Research and Development (R&D) Companies
Market Research and Consulting Service Providers
Potential Investors
Regional analysis of global catheters market:

Considering the global scenario of the market, America dominates the global catheters market owing to the presence of huge population suffering from diabetes, obesity, and cardiovascular diseases. North America holds the largest market share of the American catheters market. According to the report published by Centers for Disease Control and Prevention, in 2015, over 9.3% of the total American population is suffering from diabetes. According to Centers for Disease Control and Prevention, in 2015, over 610,000 people died of heart disease in the US. Additionally, increasing healthcare expenditure, and well-developed technology has fuelled the growth of the market.

The Middle East & Africa hold the least share of the market due to poor political conditions in Africa and limited availability of funds and availability of medical facilities. The Middle East holds the major share of the Middle East & African market due to the presence of well-developed countries like Kuwait, Qatar, Oman and South Arabia. Whereas, African region is expecting a healthy growth due to the presence of huge opportunity for the development of the market.

Key Findings:

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
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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Table of Content:

REPORT PROLOGUE
2  MARKET INTRODUCTIO
2.1 Research Objective 15
2.2 Assumptions & Limitations 15

2.2.1 Assumptions 15

2.2.2 Limitations 15

2.3 Market Structure 16

3  RESEARCH METHODOLOG

3.1 Introduction 17

3.1.1 Primary Research Methodology 18

3.1.2 Secondary Research Methodology 19

3.1.3 Market Share Analysis 20

3.1.4 Trade Analysis 20

3.1.5 Market Pricing Approach 21

4  MARKET DYNAMICS

4.1 Introduction 22

4.2 Drivers 23

4.2.1 Rising Prevalence Of Cirrhosis (Impact Weightage: 35%) 23

4.2.2 Improvement In Reimbursement Policies (Impact Weightage: 30%) 24

4.2.3 Increasing Occurrence Of Cancer (Impact Weightage: 35%) 25

TOC Continued…!

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About Us:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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