Press release
Medical Catheters Market Competitive Share|Size & Forecast 2022|Teleflex, Edwards Lifesciences
Medical Catheters are tubes that can be inserted into a body cavity, vessel or duct, usually to allow for the administration of fluids, medications or gases or to drain fluids or urine from the body. Examples of some types of catheter include intravenous catheters, urinary catheters, etc.
Highlights
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Medical Catheters market is projected to reach US$ 40930 million by 2028 from an estimated US$ 29350 million in 2022, at a CAGR of 5.7% during 2023 and 2028.
Global Medical Catheters key players include Medtronic, Boston Scientific, Abbott , C. R. Bard, Cordis(Cardinal health), BBRAUN, etc. Global top five manufacturers hold a share over 30%.
North America is the largest production area, with a share about 35%, followed by Asia, and Europe, both have a share over 35 percent
In terms of product, Cardiovascular type is the largest segment, with a share over 40%. And in terms of application, the largest application is Interventional diagnosis and treatment, followed by Surgery, etc.
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Complete study of the global Medical Catheters market is carried out by the analysts in this report, taking into consideration key factors like drivers, challenges, recent trends, opportunities, advancements, and competitive landscape. This report offers a clear understanding of the present as well as future scenario of the global Medical Catheters industry. Research techniques like PESTLE and Porter's Five Forces analysis have been deployed by the researchers. They have also provided accurate data on Medical Catheters production, capacity, price, cost, margin, and revenue to help the players gain a clear understanding of the overall existing and future market situation.
Segmental Analysis
The report has classified the global Medical Catheters industry into segments including product type and application. Every segment is evaluated based on growth rate and share. Besides, the analysts have studied the potential regions that may prove rewarding for the Medical Catheters manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall Medical Catheters industry.
Global Medical Catheters Market Segment By Type:
Cardiovascular Catheters
Neurovascular Catheters
Intravenous Catheters
Urology Catheters
Others
Global Medical Catheters Market Segment By Application:
Hospitals
Clinic
Others
Competitive Landscape
It is important for every market participant to be familiar with the competitive scenario in the global Medical Catheters industry. In order to fulfill the requirements, the industry analysts have evaluated the strategic activities of the competitors to help the key players strengthen their foothold in the market and increase their competitiveness.
Key companies operating in the global Medical Catheters market include: Teleflex, Edwards Lifesciences, Coloplast, B. Braun, BD, TuoRen, Smith Medical, Baihe Medical, Cook Medical, WellLead, Sewoon Medical, Medtronic, Lepu Medical, SCW MEDICATH, Medi-Globe
Key questions answered in the report:
What is the growth potential of the Medical Catheters market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in the coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in the Medical Catheters industry in the years to come?
What are the key challenges that the global Medical Catheters market may face in the future?
Which are the leading companies in the global Medical Catheters market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain their hold in the global Medical Catheters market?
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