Unexpected Growth Seen in Medical Specialty Catheters Market Global Forecast to 2025 | Top Key Vendors - J&J, ConvaTec, Boston Scientific, Terumo Corporation, Hollister, Stryker

Global Medical Specialty Catheters Market Synopsis:

The report covers a forecast and an analysis of the Medical Specialty Catheters Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Medical Specialty Catheters Market along with the impact they have on the demand over the forecast period.

Some of the most important key factors driving the growth of the Global Medical Specialty Catheters Market are increasing focus on minimally invasive surgical procedures over conventional surgery, improving medical facilities, supportive insurance policies, increasing prevalence of chronic disorders leading to hospitalization. Furthermore, rapid growth in the number of surgeries being performed due to rising cases of chronic diseases is expected to increase the demand for Medical Specialty Catheters, which will drive the market. Additionally, rising number of midscale catheter manufacturers gaining a higher market share is expected to promote the market growth.

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As per the geographic analysis, North America is the largest regional market due to the presence of multi-national manufacturers and sophisticated healthcare infrastructure along with high product awareness levels. Presence of target population suffering from kidney and cardiovascular problems and improving medical facilities in the region lead to market growth. Favorable government policies, product launches and approvals, and innovations in the field are expected to further boost the regional market growth.

This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Medical Specialty Catheters Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.

Global Key Players:

1 Johnson & Johnson

2 ConvaTec

3 Boston Scientific

4 Terumo Corporation

5 Hollister

6 Stryker and More..............

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Product Type Segmentation

1 Pressure and Hemodynamic Monitoring Catheters

2 Temperature Monitoring Catheters

3 Intrauterine Insemination Catheters

4 Other Catheters

Industry Segmentation

1 Hospitals

2 Long-term Care Facilities

3 Diagnostic Imaging Centers

On the basis of Regional analysis, North America and Europe holds major share in global Medical Specialty Catheters market. Moreover, Asia-Pacific is expected to record higher growth rate in Medical Specialty Catheters Market during the forecast year.

Global Medical Industry News:

Boston Scientific (May 08, 2020) - PINNACLE FLX Study of the WATCHMAN FLX Left Atrial Appendage Closure Device Presented as Late-Breaking Clinical Trial at HRS 2020 SCIENCE - Today, Boston Scientific announced positive 12-month results from the PINNACLE FLX clinical trial assessing the safety and efficacy of the next-generation WATCHMAN FLX Left Atrial Appendage Closure (LAAC) Device for patients with non-valvular atrial fibrillation (NVAF). Presented as a late-breaking clinical trial at HRS 2020 SCIENCE, the study evaluated performance of the WATCHMAN FLX device as an alternative to oral anticoagulation therapy, including non-vitamin K antagonist oral anticoagulants (NOACs), for stroke risk reduction in patients with NVAF.

The prospective, non-randomized PINNACLE FLX trial included 400 patients in the U.S. with NVAF who were eligible for anti-coagulation therapy to reduce the risk of stroke but had an appropriate rationale to seek a non-pharmaceutical alternative. The trial met its primary safety endpoint - defined as occurrence of a major procedure-related complication within 7 days following the procedure or time of hospital discharge, whichever was later - with a low adverse event rate of 0.5%. The study also met its primary effectiveness endpoint, with data demonstrating a 100% rate of effective LAA closure at 12 months post-procedure with peri-device flow less than 5mm.

"We believe the next-generation WATCHMAN FLX technology contributed to the excellent overall clinical performance seen in this study, notably the very low rate of safety events and high rate of effective closure," said Shephal Doshi, M.D., study co-principal investigator and cardiologist at Pacific Heart Institute at Providence St. John's Health Center, California. "In fact, we saw that 90 percent of patients showed absolutely no detectable leakage around the device at their 12-month follow up, which compares favorably to the rates of peri-device flow observed in the PROTECT-AF and PREVAIL trials with the predicate WATCHMAN device and may translate into improved long-term clinical outcomes."

Data from the trial also demonstrated an implant success rate of 98.8% and that no patients experienced peri-procedural death, device embolization or pericardial effusion requiring cardiac surgery, all of which is favorable in the context of previous clinical studies.1 In addition, 96.2% of patients were able to discontinue oral anticoagulation following their 45-day follow up. Secondary endpoints from the PINNACLE FLX study, including the occurrence of ischemic stroke or systemic embolism, will be reported after 24 months of patient follow-up.

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Major Points in Table of Contents:

Global Medical Specialty Catheters Market Report 2020

1 Medical Specialty Catheters Product Definition

2 Global Medical Specialty Catheters Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Medical Specialty Catheters Shipments

2.2 Global Manufacturer Medical Specialty Catheters Business Revenue

2.3 Global Medical Specialty Catheters Market Overview

2.4 COVID-19 Impact on Medical Specialty Catheters Industry

3 Manufacturer Medical Specialty Catheters Business Introduction

3.1 Johnson & Johnson Medical Specialty Catheters Business Introduction

3.2 ConvaTec Medical Specialty Catheters Business Introduction

3.3 Boston Scientific Medical Specialty Catheters Business Introduction

3.4 Terumo Corporation Medical Specialty Catheters Business Introduction

3.5 Hollister Medical Specialty Catheters Business Introduction

3.6 Stryker Medical Specialty Catheters Business Introduction

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