Catheters Market : 2018 Prominent Players | Abbott Laboratories, Arrow International Inc., B. Braun Melsungen, Boston Scientific Corporation, C. R. Bard, Coloplast, ConvaTec, Cure Medical, Edwards Life Sciences Corporation, Hollister, Johnson & Johnson, M

Catheters Market size was valued at USD 35.1 billion in 2017 and is expected to witness more than 11.3% CAGR from 2018 to 2024.

Growing elderly population is the major driver that will boost catheters market growth throughout the forecast period. According to the United Nations estimates, global population aged over 60 years is expected to reach to 1.41 billion in 2030 from 962 million in 2017. Geriatric population is prone to various chronic diseases owing to changes in pulmonary function that occur due to structural changes in the ageing population. This will fuel the need for surgical procedures among the elderly patients. Aforementioned factors will augment the catheters market growth in the coming years.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/787

Technological advancement in catheters market will serve to be another impact rendering factor that will augment the industry growth during the analysis period. Developments in catheters that offer high efficiency, greater convenience and sensor-based mapping will boost the demand for such devices. Prominent industry players are focusing on development of innovative technologies. Moreover, increasing demand for minimally invasive surgeries will upsurge the catheters market size during the forecast timeframe.

However, increase in the catheter based hospital acquired infections will hamper the catheters market growth over the forecast period. For instance, as per the Centers for Disease Control and Prevention, more than 15-25% of hospitalized patients undergo catheterization and may pose a risk of catheter associated infections.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/787

However, risk of hospital acquired infections due to the use of catheters may impede the catheters market growth over the forecast period. According to Centers for Disease Control and Prevention, in 2017, nearly 75% of total hospital acquired urinary tract infections were related to the use of urinary catheter.

Urology catheters segment is estimated to witness robust CAGR of 10.7% over the analysis period due to increasing prevalence of urological diseases worldwide. Catheters are majorly used in patients that have difficulty in urinating due to various conditions such as blood clots in urine, kidney stone or severe enlargement of prostate gland. Geriatric population base, prone to urological diseases resulting in urinary incontinence, will further increase the demand for urinary catheters.

Hospitals segment dominated the catheters market with USD 15.5 billion revenue in 2017 and is likely to show significant growth over the forecast period. The factors influencing segment growth include increasing prevalence of cardiac and other chronic diseases worldwide. According to Cardiology Department of the German Heart Center, around 1,200 catheter-based therapies for cardiac arrhythmias are performed per year. Furthermore, availability of trained hospital staff as well as growing number of surgeries as well as well-developed healthcare facilities in developed region will augment the segment growth in the coming years.

U.S. catheters market accounted for the highest revenue of 10.5 billion in 2017 and is expected to show robust growth over the analysis period. The growth is attributable to the highly advanced infrastructure to support catheter based surgeries and high demand for minimally invasive surgical procedures. Moreover, presence of key industry players in the U.S. will positively impact the regional growth during the forecast period.

German catheters market is estimated to witness 11.2% CAGR over the forecast period. Increasing cardiac morbidity and mortality in Germany will serve to be a major positive impact rendering factor in the market growth. According to the World Health Organization, Germany accounted for over 40% deaths due to cardiovascular diseases. Such factors will upsurge the demand for surgeries thereby upsurging the catheters market size in the coming years. Increasing geriatric population base in Germany prone to various chronic diseases coupled with growing number of surgeries will fuel the regional growth over the analysis period.

Some of the dominant industry players operating in catheters market are 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. Prominent market players primarily focus on acquisitions, mergers, partnerships and innovative product launches to enhance product portfolio and maintain their market position. For instance, in May 2016, Boston Scientific launched IntellaNav XP and IntellaNav MiFi XP, navigation-enabled ablation catheters to strengthen its product portfolio.

Catheters Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Catheters Market by Product
o Cardiovascular catheters
o Urology catheters
o Intravenous catheters
o Neurovascular catheters
o Specialty catheters
o Others

Catheters Market by End-use
o Hospitals
o Ambulatory Surgical Centers
o Others

The above information is provided for the following regions and countries:

• North America
o U.S.
o Canada

• Europe
o Germany
o UK
o France
o Italy
o Spain

• Asia Pacific
o Japan
o China
o India
o Australia
o South Korea

• Latin America
o Brazil
o Mexico
o Argentina

• Middle East & Africa
o South Africa
o Saudi Arabia

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.