Global Markets for Catheters

Summary:

The global catheter market is a diverse industry with both multinational companies and smaller regional companies participating in a very competitive market. Segments of the market covered in this report include cardiovascular, urological, neurovascular, and intravenous catheters, as well as specialty products such as suction, thermodilution, oximetry catheters, anesthesia, and reproductive catheters. In some areas, particularly neurovascular, some procedures would not be possible without the use of catheters.

The number of catheterization procedures performed worldwide is affected by -
- A globally aging population and its healthcare needs.
- Higher incidences of chronic diseases, such as heart disease, stroke, cancer, diabetes, and obesity.
- The effects of weak economies on overall healthcare utilization rates.
- Efforts by third-party payers to lower costs associated with medical procedures.
- Investigations by governmental agencies into potential overutilization of procedures.
- The implementation by hospitals of policies designed to reduce the incidence of unnecessary procedures.
- Growing concerns over infection rates with catheter use, which is improving technologies.
- New diagnostic imaging and functional assessment modalities that more effectively screen patients to determine the need for treatment.

The market for catheters in medically advanced regions such as the U.S. and Western Europe is more mature, particularly for products in the urological and intravenous areas. Growth in developed regions will be mainly due to -
- Introduction of advanced catheters during the forecast period.
- An increase in the over-65 segment of the population.
- The continued rise in chronic diseases such as heart disease.

Although the market for specialty catheters exists primarily in developed countries, global market penetration for catheters is spreading to emerging markets, where companies are projecting strong growth. Major makers of catheters include Abbott, B. Braun Melsungen AG, BD, BIOTRONIK, Boston Scientific Corp., Cardinal Health, Edwards Lifesciences Corp., and many others.

The U.S. remains the most significant source of revenue for catheter manufacturers, but decreasing market share in the U.S., Europe and Japan will be absorbed by nations such as China, Russia, Eastern European countries, and Brazil.

The global market for catheters is estimated at $REDACTED in 2022. The market is expected to grow at a compound annual growth rate (CAGR) of REDACTED% to reach $REDACTED in 2027. Market growth will be driven by such factors as the growing incidence of obesity, diabetes and cardiovascular disease, all of which will contribute to the long-term growth in the number of interventional procedures.Report Scope:

The current report provides an in-depth look at the catheters market. This report analyzes the market trends of catheters with data from 2021, estimates for 2022, projections of compound annual growth rates (CAGRs) through 2027 (forecast period 2022 to 2027), and regional markets for catheters. This report highlights the current and future market potential of catheters along with a detailed analysis of the competitive environment. Regulatory scenarios, drivers, restraints, and opportunities in the market are covered. The report also covers market projections for 2027 and the market share for key market players.

In this report, the market has been segmented based on product type utilized in the different applications, and by geographic region. Geographic regions covered are North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Individual countries covered include the U.S., Germany, the U.K., Italy, France, Japan, China, and India.

Report Includes:

- 35 data tables and 34 additional tables
- A detailed review and up-to-date analysis of the global markets for catheters
- Analyses of the global market trends, with historic market revenue data from 2019 to 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the upcoming market potential for catheters, and areas of focus to forecast this market into various segments and sub-segments
- Estimation of the actual market size and revenue forecast for global catheters market in USD million values, and corresponding market share analysis by product, application/disease type, and region
- In-depth information (facts and figures) concerning the major market dynamics, technology updates, industry overviews, and competitive environment of the leading market participants
- Review of the international regulatory landscape and the U.S. premarket notifications and approvals for catheters with emphasis on recently approved products as well as products under development or in different stages of clinical trials
- Assessment of the recent U.S. patents and patent applications on the catheters market
- Insight into recent industry structure, current competitive environment, ongoing research (R&D) activities, new product launches, strategic alliances, and company value share analysis based on their segmental revenues
- Detailed company profiles of the leading industry players, including Abbott, B. Braun Melsungen AG, BD, Biotronik, Boston Scientific Corp., Cardinal Health, Edwards Lifesciences Corp., Stryker Corp., and Terumo Corp.Please see more details: https://www.marketresearchdirect.com/report/global-markets-for-catheters/

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