Global Catheters Market: The Development Strategies Adopted by Key Manufacturers to Generate High Revenue in Healthcare Industry

Catheterization is a basic co-procedure carried out along with various medical procedures, such as cardiac electrophysiology, neurosurgery, angioplasty, urological disorders, and others, by using catheters. The rise in the number of diseases and surgeries globally has increased the demand for catheters as they are most frequently used in hospitals and clinics for various therapeutic and diagnostic purposes.

Rise in cases of cardiovascular and urological diseases, and diabetes; and growth in demand for minimally invasive procedures boost the market growth. Furthermore, technologically advanced catheters, which are manufactured with infection-resistant coatings, minimize catheter-associated infections, and thus are increasingly preferred by healthcare professionals. In addition, increase in reimbursement levels for catheters is expected to increase the demand for catheters. However, inadequate quality assurance of catheters and price competition at domestic levels are expected to hinder the market growth. The rise in healthcare expenditure in developing countries, such as India and China, is expected to provide opportunities for market expansion.

Catheters Market Report, published by Allied Market Research, forecasts that the global market was valued at $8,905 million in 2015, and is expected to reach $15,830 million by 2022, supported by a CAGR of 8.5% during the forecast period 2014 - 2022. North America is the largest contributor in the catheter market; however, LAMEA is growing at the highest rate.

Get sample report at:
www.alliedmarketresearch.com/request-sample/577

The cardiovascular catheter segment dominated the market, with maximum share in 2015, and is anticipated to continue this trend in the future, in terms of revenue. This is attributed to the presence of a large patient base suffering from cardiovascular diseases. Furthermore, rise in demand for minimally invasive cardiac surgeries is expected to boost growth of this segment.

Urological catheter is expected to grow at the highest rate throughout the analysis period, and accounted for almost one-fourth share of the global market in 2015. This is due to the increase in prevalence of urinary diseases and other complications, such as kidney and renal failures.

In 2015, North America displayed maximum contribution to the total revenue generated, while LAMEA is expected to witness the highest CAGR of 11.4%. This is due to rise in disposable income, improvement in healthcare expenditure, and increase in adoption rate of catheters.

Analyst Review:

The demand for minimally invasive surgeries is increasing as they are less painful and require less recovery time. Most of these procedures require the use of different types of catheters for diagnostic and therapeutic purposes. Thus, high demand for minimally invasive surgeries is expected to boost the market growth for catheters. In addition, rise in demand for sterile & disposable catheters due to increase in prevalence of catheter-associated infections has been witnessed.

Increase in demand for cardiovascular, urological, and neurovascular catheters is due to high prevalence of cardiovascular and neurovascular diseases, and renal and kidney failure. Rise in reimbursement rates is expected to boost the demand for catheters among patients and physicians. Advancement in “infection-resistant coating” technology has helped to reduce the risk of infection due to catheters, which is expected to increase the demand for different catheters, such as electrophysiology and urinary catheters.

Key players in the market:

• Becton Dickinson And Company
• Boston Scientific Corporation
• Bard Medical
• B. Braun Melsungen AG
• Teleflex Incorporated
• Johnson & Johnson
• MedtronicInc.
• Edwards Lifesciences Corp.
• Vascular Solutions

Send Enquiry on this report @
www.alliedmarketresearch.com/purchase-enquiry/577

About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
Sona Padman
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.