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Johnson & Johnson, Smiths Medical, Profiled in Catheters Market By Product 2024 | Top Key Player Manfred Sauer, Medtronic Inc., Abbott Laboratories, Boston Scientific Corporation, Coloplast, ConvaTec, Cure Medical, Hollister Incorporated, Stryker Corporat

11-02-2018 06:13 AM CET | Health & Medicine

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Catheters Market, Global Catheters Market Size, Catheters Industry, Catheters Market Trends, Catheters Market Share

Catheters Market, Global Catheters Market Size, Catheters Industry, Catheters Market Trends, Catheters Market Share

Market Study Report recently introduced new title on “2018-2024 Global Catheters Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Growing prevalence of chronic diseases such as cardiovascular disease, neurovascular disease and urinary disease worldwide will spur the catheters market growth over the forecast period. According to American Heart Association, the prevalence of heart failure is estimated to account for 22% by 2030. Increasing hospitalization owing to high healthcare expenditure in many developed as well as developing economies will surge the number of surgeries being performed each year. Aforementioned factors will augment the catheters market growth during the forthcoming years. Catheters Market will exceed USD 73.5 billion by 2024; as per a new research report.

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U.S. catheters market dominated the catheters market in 2017 and is estimated to grow with 8.4% CAGR during the forthcoming years. Prevalence of cardiovascular diseases is growing in the region owing to increasing incidence of obesity, lifestyle changes and unhealthy dietary habits. Moreover, technological innovations due to presence of major industry players in the region will drive the regional growth. Availability of advanced healthcare facilities coupled with high healthcare expenditure will further spur the U.S. catheters market.

Growing geriatric patient population across the globe will serve to be another positive impact rendering factor in the market growth. Ageing population prone to various diseases owing to functional and structural changes will drive the catheters market during the analysis period. Furthermore, development in catheters that offer superior efficiency, high flexibility as well as user friendly catheters enabling self-administration should accelerate the industry growth. Significant rise in the number of geriatric patients undergoing catheter based surgeries will foster the catheters market growth.

Neurovascular catheters segment will witness CAGR of 11.6% during the analysis period owing to increasing prevalence of neurovascular diseases such as aneurysms, cerebral arterial stenosis, cerebral hemorrhage and carotid stenosis. According to Texas Heart Institute, around 5,00,000 coronary bypass procedures are performed each year in the U.S. Technological developments will further boost the demand for neurovascular catheters. For instance, FDA?s Center for Devices and Radiological Health (CDRH), is focusing on offering effective and safe usage of neurovascular catheters. Such factors will accelerate the market growth in the coming years.

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Ambulatory surgical centers segment accounted for USD 11.6 Billion in 2017 and forecasted to show rapid growth over the forecast timeframe. Benefits offered by ASCs over hospital surgeries such as short hospital stay, less invasive procedures, reduced cost and low risk of hospital acquired infections will augment the segmental growth. Furthermore, growing incidence of chronic diseases among the geriatric population base will further escalate the demand for catheter-based surgeries performed at the ambulatory surgical centers.

Some of the prominent market players operating in catheters market include Abbott Laboratories, Arrow International Inc. (Teleflex Inc.), B. Braun Melsungen, Boston Scientific Corporation, C.R Bard, Coloplast, ConvaTec, Cure Medical, Edwards Life Sciences Corporation, Hollister Incorporated, Johnson & Johnson, Manfred Sauer, Medtronic Inc., Smiths Medical, Stryker Corporation and Wellspect Healthcare. The companies majorly focus on strategic partnerships, acquisitions, collaborations and new product launch to enhance their product portfolio and improve financial performance.

Table of Content:

Chapter 1. Catheters Market Methodology and Scope

Chapter 2. Catheters Market Executive Summary

Chapter 3. Catheters Industry Insights

Chapter 4. Catheters Market, By Product

Chapter 5. Catheters Market, By End-use

Chapter 6. Catheters Market, By Region

Chapter 7. Catheters Market Company Profiles

For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/catheters-market/?utm_source=OPR-SP

Related Report:

Global Peripheral Catheters Market Research Report 2018

This report studies the global Peripheral Catheters market status and forecast, categorizes the global Peripheral Catheters market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

https://www.marketstudyreport.com/reports/global-peripheral-catheters-market-research-report-2018?utm_source=RR-SP

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