openPR Logo
Press release

What's driving the Catheters Market growth? Key Players are: Abbott Laboratories, B Braun, Boston Scientific Corporation, Coloplast, ConvaTec, Cure Medical, Edwards Life Sciences Corporation, Hollister Incorporated, Johnson and Johnson, Manfred Sauer, Med

04-01-2020 08:52 PM CET | Associations & Organizations

Press release from: Market Study Report LLC

Catheters Market

Catheters Market

Market Study Report Has Added A New Report On Catheters Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Catheters Market In Tandem With Its Competitive Terrain.

Catheters market is expected to exceed USD 79 billion by 2025. The increasing prevalence of cardiovascular, neurological and urological disease worldwide will drive catheters market growth over the analysis timeframe.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/467822/?utm_source=openpr.com&utm_medium=ADS

Some major findings of the catheters market report include:

- Catheter is a rigid or flexible hollow tube used to drain fluids from body cavities or to enlarge body passages

- Increase in prevalence of cardiovascular & urological disorders in developed as well as developing economies will increase the demand for catheter-based procedures

- Introduction of advanced catheters will ease the surgical procedures, reduce treatment time and assist in minimally invasive procedures, thus, leading to surge in market

- Hospitals facilitated with ambulatory catheterization labs delivering top class outpatient services will accelerate the market expansion

- Growing number of catheterization procedures in Asia Pacific will eventually upsurge the demand for catheters, thereby fostering regional growth over the coming years

Technological advancements in catherization such as precise lesions, flexibility and extended instrument capability is anticipated to propel catheters market growth over the analysis period. Moreover, introduction of new antimicrobial coated and navigation-enabled ablation catheters for electrophysiology process will increase its adoption, thereby augmenting the business growth. Additionally, surge in adoption of hydrophilic, PTFE, pro slit covered tip and other advanced catheter technologies will prove beneficial for the market growth. For instance, Mariner hydrophilic-coated angiographic catheter features duration coating technology, aids smooth navigation and reduces catheter surface friction. Hence, accessibility to such technological advanced products should foster the overall catheters market growth. However, high cost associated with catheters may impede the market growth in developing and underdeveloped countries.

Catheters market is segmented based on product, lumen and end-use. The product segment includes vascular, urology, intravenous and specialty catheters. Vascular segment is further divided into cardiovascular & neurovascular catheters. Neurovascular segment was valued around USD 2 billion in 2018 and is projected to witness lucrative growth during the analysis period. Considerable rise in prevalence of ischemic strokes, brain aneurysm and other neurological disorders will augment the need for effective treatment, thereby boosting the segmental growth. Moreover, associated benefits of neurovascular catheters such as flexibility, safe navigation of the intracranial system among others will further upsurge the product adoption. Aforementioned factors are thus expected to accelerate the demand for neurovascular catheters worldwide.

Lumen segment includes single-lumen, double-lumen, triple-lumen and others. The double-lumen segment is poised to witness around 11.5% CAGR during the forecast timeline. Dual lumen catheter is enabled with two channels, one for injection & other for removal of fluids that facilitates various thoracic procedures. Moreover, rising patient preference for peripheral & interventional surgical procedures along with wide application of double-lumen venous, urological & drainage catheters will further propel the segmental growth.

End-use segment covers hospitals & clinics, specialty centers, ambulatory surgical care centers (ASCs) and others. Hospitals & clinics segment is anticipated to account for more than 32% revenue share by 2025. The growth is attributed to technological advances coupled with favorable reimbursement policies in hospitals. Furthermore, well-developed healthcare infrastructure and availability of advanced treatments will boost hospitals segmental growth in the upcoming years.

U.S. catheters market accounted for around USD 11.9 billion in 2018. Growing adoption of non-invasive surgical procedures coupled with growing demand for advanced medical treatments will positively influence the market expansion. Increasing healthcare spending on advanced medical treatments and strong foothold of key market players in the U.S. will escalate product adoption, thereby driving the industry progress.

Some of the notable industry players operating in the catheters market are Abbott Laboratories, B Braun, Boston Scientific Corporation, Coloplast, ConvaTec, Cure Medical, Edwards Life Sciences Corporation, Hollister Incorporated, Johnson and Johnson, Manfred Sauer, Medtronic, Smiths Medical, Stryker Corporation, Teleflex and Wellspect Healthcare among others.

The business players focus on numerous inorganic and organic growth strategies to sustain market competition. For instance, in March 2018, Smiths Medical announced the FDA clearance and U.S. launch of Delta Med closed system catheter. The new product launch helped the company in expanding its existing customer base and gain more revenue.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/467822/?utm_source=openpr.com&utm_medium=ADS

Report Content

Chapter 1. Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2. Primary

Chapter 2. Executive Summary

2.1. Catheters industry 360 degree synopsis, 2014 - 2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Lumen trends

2.1.4. End-use trends

2.1.5. Regional trends

Chapter 3. Catheters Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025 (USD Million & 000' Units)

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Rising prevalence of cardiovascular disorders

3.3.1.2. Growing global geriatric population base

3.3.1.3. Increasing demand for minimally invasive surgeries

3.3.1.4. Expansion of ambulatory surgical & specialty centers globally

3.3.2. Industry pitfalls & challenges

3.3.2.1. Surge in catheter-based hospital acquired infections

3.3.2.2. High cost of advanced catheters

3.4. Growth potential analysis

3.4.1. By product

More Details on this report: https://www.marketstudyreport.com/reports/catheters-market?utm_source=openpr.com&utm_medium=ADS

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog/

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's driving the Catheters Market growth? Key Players are: Abbott Laboratories, B Braun, Boston Scientific Corporation, Coloplast, ConvaTec, Cure Medical, Edwards Life Sciences Corporation, Hollister Incorporated, Johnson and Johnson, Manfred Sauer, Med here

News-ID: 1995559 • Views:

More Releases from Market Study Report LLC

COVID-19 Detection Kits Market Size o witness substantial growth during 2020-202 …
The research report on ‘COVID-19 Detection Kits market’ scrutinizes the current industry scenario to predict market size, market share, and projects valuation for different segmentations of the industry over 2020-2026. It provides business intelligence regarding various factors driving the industry growth in consort with discussing the challenges faced by the industry, and the approaches followed by market players to counter their impact. COVID-19 Detection Kits Market size to grow with
What's driving the Small Satellite Market trends? Raytheon, Lockheed Martin, Northrop Gruman, Dynetics, Surrey Satellite Technology, Axelspace, Sierra Nevada, Clyde Space, Planet Labs, Dauria Aerospace, CASC
What's driving the Small Satellite Market trends? Raytheon, Lockheed Martin, Nor …
Market Study Report LLC adds new research on Small Satellite market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Small Satellite market also includes an in-depth study of the industry competitive scenario. The global Small Satellite market is valued at 1340 million US$ in 2018
What's driving the Antibiotics Market trends? Sanofi, Novartis AG, Pfizer Inc., Bayer AG, Abbott, Eli Lilly and Company. Johnson & Johnson Services, Inc., GlaxoSmithKline plc., Bristol-Myers Squibb Company, Astellas Pharma Inc.,
What's driving the Antibiotics Market trends? Sanofi, Novartis AG, Pfizer Inc., …
Market Study Report LLC has added a new report on Antibiotics market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Antibiotics market in tandem with its competitive terrain. The antibiotics was valued at US$ 43,348.38 million in 2019 and is
What's driving the Electrical House (E-House) Market trends? Schneider Electric, ABB, Siemens, Eaton and General Electric
What's driving the Electrical House (E-House) Market trends? Schneider Electric, …
Market Study Report LLC has added a new report on Electrical House (E-House) market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Electrical House (E-House) market in tandem with its competitive terrain. Electrical House (E-House), also called Power House, is

All 5 Releases


More Releases for Catheter

Midline Catheter Market
The midline catheter market plays a crucial role in healthcare, providing a safer and more effective means for intravenous (IV) therapies. Midline catheters are long, thin, flexible tubes that are inserted into a patient's veins, typically for periods ranging from a few days to a few weeks. They offer a minimally invasive alternative for administering medications, fluids, and nutrients directly into the bloodstream without the need for repeated needle sticks.
Catheter Stabilization Devices Market
The "Catheter Stabilization Devices Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global Catheter Stabilization Devices Market, 2024-2031 Verified Market Research's most recent report, "Catheter Stabilization Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides
Catheter Stabilization Devices Market: Enhancing Patient Safety and Care through …
The Catheter Stabilization Devices Market occupies a pivotal position in the healthcare industry, providing essential solutions for securing catheters and enhancing patient care. As indwelling catheters become integral to various medical procedures and treatment protocols, the need for effective stabilization and securement is paramount. This market addresses this crucial requirement by offering a diverse range of devices designed to prevent catheter-related complications, including dislodgement and infection. 𝗧𝗼 𝗮𝗰𝗰𝗲𝘀𝘀 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗺𝗮𝗿𝗸𝗲𝘁
Catheter Introducer Sheaths Market - Safeguarding Vascular Health: Advanced Shea …
Newark, New Castle, USA: The "Catheter Introducer Sheaths Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors. Catheter Introducer Sheaths Market: https://www.growthplusreports.com/report/catheter-introducer-sheaths-market/8787 This latest report researches the industry structure,
Catheter-related Blood Infections Market - Empowering Catheter Safety: Leading t …
Newark, New Castle, USA: The "Catheter-related Blood Infections Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors. Catheter-related Blood Infections Market: https://www.growthplusreports.com/report/catheterrelated-blood-infections-market/8671 This latest report researches the industry structure,
Exclusive Report on Catheter Stabilization Devices Catheter Securement Devices M …
According to the study published by Evolve business intelligence, “The global Catheter Stabilization Devices Catheter Securement Devices market size is expected to reach $ Billion by 2028 growing at the CAGR of 15% from 2021 to 2028. The report provides the reader with a deep-dive understanding of business opportunities, competitor analysis, market size and forecast, go-to-market strategy, and market share. After evaluating the next-gen business analytic report, the reader is