Catheters Market Share 2018: Cardiac Problems is encourages the Market Growth in Healthcare Sector | Top Players like Medtronic, Dickinson, Covidien, etc. by 2023

Market Research Future published reports related to the healthcare sector among others, recently forecasted in its report on Global Catheters Market Research Report- Forecast to 2023 that the market will demonstrate a steady CAGR of 6.14% while achieving million dollar growth readily in the forecast period.

Catheters Market Highlights:

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.

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To increase the market demand, many manufacturers are trying to introduce the new and advanced types of catheters. The global catheter market is majorly driven by increasing prevalence of cardiac & urological diseases, increasing preference for minimal invasive therapy, and increasing geriatric population.

The global catheters market is expected to grow at a CAGR of 6.14% during the forecast period 2017-2023. 

Catheters 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. These are inserted into the body for the treatment of a number of diseases and while performing surgeries. 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.

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.

Catheters Market Key Players:

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).

Catheters Market Segmentation:

The global catheters market has been segmented on the basis of types and end users.

On the basis of the 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. 

Catheters 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

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Catheters Market Regional Analysis:

The Americas dominate the global market owing to a huge population with cardiac diseases, increasing geriatric population, strong government support for research & development and high health care spending. According to the WHO, in 2014, 9.7% of total America population had diabetes. Increasing prevalence of the diabetes has boosted the market growth in America. Additionally, changing lifestyle and the presence of major players in the market have fueled the growth of the market.

The Middle East and Africa contribute the least to the growth of the global market. The UAE, Saudi Arabia, and Kuwait lead the Middle East & Africa market. Africa holds the least share of the global market due to limited availability of medical facilities and poor economic condition of the region. However, the growth of the African market is high due to the presence of opportunities for the development of the market. 

Table of Content: 

1 REPORT PROLOGUE

2 MARKET INTRODUCTION

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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