Catheters Market Demands with Top Industry Expansion Strategies & Segments 2030 | Covering Impacts of COVID-19

The global catheters market accounted for US$ 15.5 billion in 2019. It is anticipated to grow at a CAGR of approximately 8.2% from 2019 to 2030.

This significant market growth can be attributed to the increasing demand for minimally invasive surgical procedures over conventional surgery. Also, the rising prevalence of chronic disorders, leading to hospitalization;presence of multi-national manufacturers;improving medical facilities; and supportive insurance policies are some of the key factors that will boost market growth. Extensive research & developments by major companies and universities across the globe to make catheters more hygienic, safe, and precise are expected to further contribute to market expansion.In 2018, Coloplast Corp launched SpeediCath Flex, a soft catheter enabled with a dry sleeve & a flexible tip. These novel catheters have a hydrophilic coating that delivers hygienic, simple,& smooth catheterization.

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Top Players

The prominent players in the global Catheters market are Medtronic Plc, Abbott, B. Braun, Melsungen AG, Becton, Dickinson and Company, Boston Scientific Corporation, Edwards Lifesciences Corporation, Teleflex Incorporated, Coloplast, Hollister Incorporated, Cook Medical, and others.

COVID-19 Impact on the Global Catheters Market’:

The emergence of COVID-19 has created several disturbances in smooth functioning of businesses including production, delayed delivery of raw materials, reduced population in workspaces, supply chain interruptions, price fluctuations, and reduced demand from end users and customers. However, researchers have managed to study about the recent strategies during pandemic to avert huge losses and contribute stability of the Global Catheters Market. The report also mentions about the futuristic strategies and planning of the business owners post pandemic.

Growth Factor:

The geriatric population across the globe is at a high risk of acquiring cardiovascular, neurovascular,&urology disorders, which will further drive the market demand. The demand for minimally invasive therapies has increased owing to the avoidance of post-surgical complications, shortenedlengths of hospital stays, and speedy recovery. The increasing prevalence of cardiovascular, neurovascular, and urology disorders will serve to be a high impact rendering factor for the industry over the forecast period.

The increasing number of surgeries being performed due to rising cases of chronic diseases,such as cardiovascular diseases, diseases associated with the urinary bladder, kidney failures, and others,will primarily drive growth of the catheters market.Moreover, there is rising awareness regardingthe productsand inflow of fundsfrom various government bodies and medical device manufacturers for R&D activities.Such factors are expected to propel growth of the catheters market.

The high costs associated with advanced cardiovascular & urological catheters may hinder the market demand during the forecast timeframe. Also, the lack of accessibility for advanced catheterization procedures in emerging countries will limit the industry size.Additionally, the risk of infections caused by catheters is a major restraining factor for the catheters market.

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The global catheters market is segmented into type, end users, and region.

By Type -

Cardiovascular Catheters,
Urological Catheters,
Intravenous Catheters,
Neurovascular Catheters,
Specialty Catheters

By End Users -

Hospitals,
Diagnostic Imaging Centers,
Long-term care facilities

Regional Analysis:

North America is estimated to account for the highest CAGR in the catheters market over theforecast period.The presence of a well-established healthcare system will boost growth of the market. Moreover, the increasing number of target procedures performed is expected tocreate lucrative opportunitiesfor growth of the cathetersmarket in this region. APAC is expected to witness significant growth in the coming years owing to favorable regulatory guidelines &governments’ support, low manufacturing costs, the growing presence of market players in emerging economies, and constant growth in healthcare expenditure.

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Table of Contents

1.INTRODUCTION
1.Market Definition
2.Market Ecosystem
1.Market Classification
2.Geographic Scope
3.Years Considered for the Study
1.Historical Years – 2016 & 2017
2.Base Year – 2018
3.Forecasted Years – 2019 to 2030
3.Currency Used for the Study
4.Report Beneficiary List

2.RESEARCH METHODOLOGY
1.Research Framework
2.Data Collection Technique
3.Data Sources
1.Secondary Sources
2.Primary Sources
4.Market Estimation Methodology
1.Bottoms Up Approach
2.Top Down Approach
5.Data Validation and Triangulation
1.Market Forecasting Model
2.Limitations of the Study
3.Assumptions of the Study

3.ABSTRACT OF THE STUDY

4.MARKET DYNAMICS ASSESMENT
1.Overview
2.Drivers
3.Barriers/Challenges
4.Opportunities

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