Indian Catheters Market Segmentation, Forecast, Analysis, Industry Size and Share to 2025

India catheters market is expected to grow at a CAGR of around 10.2% during the forecast period. The major factors encouraging the growth of the market include a significant rise in the prevalence of chronic diseases and favorable government initiatives for medical devices. As per the Journal of the American College of Cardiology (JACC), the estimated age-standardized prevalence of CVD in India in 2016 was 5,681 per 100,000. This leads to the demand for cardiac catheters in the country for diagnosis and treatment of CVD conditions. Moreover, the Indian government is considering to control/reduce the prices of medical equipment, such as stent catheter and implants.

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The Prime Minister Narendra Modi's administration initiated to make healthcare more affordable in India by trying to curb prices on drugs and devices used to treat critical ailments such as CVD, cancer, heart attack, HIV/AIDS and diabetes. Several devices in India cost as much as five times the import or manufacturing cost as per state regulatory reports and industry officials. These kinds of initiatives are supporting to make medical devices more affordable and accessible. The favorable government initiatives to reduce pricing on medical devices further escalate the demand for catheters in the region.

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Indian Catheters Market Segmentation

By Product Type

o Cardiovascular Catheters
o Urological Catheters
o Intravenous Catheters
o Specialty Catheters
o Neurovascular Catheters

Company Profiles

o Abbott Laboratories, Inc.
o Becton Dickinson and Co.
o Boston Scientific Corp.
o Edwards Lifesciences Corp.
o Integra Lifesciences Corp.
o Johnson & Johnson Services, Inc.
o Medtronic plc
o Olympus Corp.

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