Cardiovascular Catheters Market Industry Trends, Estimation & Forecast, 2018 - 2025

Catheters are thin tubes made of medical grade material such as plastic, silicon rubber, polyvinyl chloride (PVC), and nylon, which are inserted in the patient’s body for therapeutic and diagnostic purposes. Catheterization is a primary co-procedure performed with varied other medical procedures such as angioplasty, cardiac electrophysiology, and neurosurgery, wherein catheters are used. There are a variety of catheters present in the market including cardiovascular catheters, neurovascular catheters, urinary catheters, intravenous catheters, and specialty catheters. Moreover, among these aforementioned catheters, cardiovascular is the most widely used catheters. High prevalence of cardiovascular diseases coupled with the development of unique-feature enhanced cardiovascular catheters is the core factor that drives the growth of the cardiovascular catheters market. Nevertheless, novel products such as external male catheters, have proved to be a lucrative addition to the overall catheters and variants product lines for the catheters manufacturing companies.

The global catheters market was valued at $10,703 million in 2017 and is estimated to reach $19,976 million by 2025, registering a CAGR of 8.0 % from 2018 to 2025.

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Based on catheters market analysis by product, the market is categorized into cardiovascular catheters, neurovascular catheters, urological catheters, intravenous catheters, and specialty catheters. The cardiovascular catheters segment was the highest contributor to the market in 2017 and is anticipated to maintain its dominance throughout the forecast period. This was attributed to the significant increase in cardiovascular diseases and a rise in demand for minimally invasive surgeries across the globe. In addition, the rise in the prevalence of heart and related diseases, an increase in awareness of available cardiac devices and government initiatives for the improvement of healthcare facilities boost market growth. Moreover, the urological catheters market is expected to grow at the highest rate during the forecast period owing to the rise in incontinence related problems accompanied by a considerable increase in the geriatric population across the globe.

The market for these offerings is based on various factors such as social, political and economical mainly that is driving this market. Global catheters market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  

Key players in the cardiovascular catheters are Abbott Laboratories, Becton Dickinson And Company, Boston Scientific Corporation, Stryker Corporation, Cook Medical, B. Braun Melsungen AG, Teleflex Incorporated, Johnson & Johnson, Medtronic, Inc., and Edwards Lifesciences Corp.  Hollister Incorporated, Manfred Sauer, Smiths Medical, Wellspect Healthcare, Cure Medical, and Convatech Inc.

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