U.S. Catheters Market - Is Really North America Garnered the Major Catheters Market Share In 2022? (Deep Analysis)

According to a new report published by Allied Market Research, titled, "Catheters Market by Product: Global Opportunity Analysis and Industry Forecast, 2018-2025," the global catheters market was valued at $10,703 million in 2017 and is projected to reach $19,976 million by 2025, growing at a CAGR of 8.0 % from 2018 to 2025. North America was the highest revenue contributor in 2017 and is expected to remain the same throughout the forecast period.

A catheter is a thin tube made of medical grade material that is fully functional. They are medical devices that are easily inserted into the patient's body for the treatment of various diseases or even for surgery. For example, a cardiovascular catheter is used to draw blood and provide treatment, including transfusions, drugs, or blood transfusions. The number of catheters has increased as they are used to treat various neurological, cardiac, urological and other diseases with the help of good clinical practice and advanced technology.

♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅:
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Major Key Players Analyzed In The Report Are -
Becton Dickinson And Company,
Boston Scientific Corporation,
Abbott Laboratories,
Teleflex Incorporated,
Johnson & Johnson,
Medtronic, Inc.,
Edwards Lifesciences Corporation,
Stryker Corporation,
B. Braun Melsungen AG, and
Cook Medical.
These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Based on region, the market across North America held the major share in 2021, garnering more than two-fifths of the global market. Asia-Pacific, simultaneously, would manifest the fastest CAGR of 11.9% throughout the forecast period.

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North America was the leading revenue contributor to the global market in 2017, owing to highly advanced healthcare infrastructure and new product launches by the key players. Asia-Pacific is expected to witness the highest growth rate throughout the forecast period, owing to the increase in awareness among healthcare professional regarding use of catheters for the treatment and diagnosis of various disease including urological, kidney failures, and others.

On the basis of product, the cardiac segment accounted for the majority of the catheters market share in the global market in 2017. This is due to the significant increase in heart disease and heart disease around the world and the increase of the use of these catheters for treatment. his own. However, the urology catheters segment is expected to show significant growth during the forecast period due to the significant increase in the geriatric population and the use of these catheters for non-compliance.

FREQUENTLY ASKED QUESTIONS?

Q1. What is Catheters?
Q2. What is the total market value of catheters market report?
Q3. What would be forecast period in the market report?
Q4. What is the market value of catheters market in 2031?
Q5. Which is base year calculated in the catheters market report?
Q6. Which are the top companies hold the market share in catheters market?
Q7. Which is the most influencing segment growing in the catheters market report?

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