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Urinary Catheters Market to Expand at a Steady CAGR of 5.3% Between 2017 and 2025
Browse Report Details@ https://www.transparencymarketresearch.com/urinary-catheters-market.html
Based on geography, the global urinary catheters market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, North America commands the global urinary catheters market with the region accounting for the leading share of 44.9% in the market in 2016. Going forward too, the region is expected to hold supremacy in the global market owing to a well-established pharmaceutical and biotechnology industry, increasing research activities, and increasing prevalence of neurovascular disorders. The domestic market of the U.S. contributes significant share to this regional market due to a large patient pool and well established healthcare infrastructure. Europe stands as the second-leading regional market for urinary catheters. Increasing research initiatives by local manufacturers to introduce technologically advanced urinary catheters is fuelling the growth of this regional market. For instance, Coloplast invested US$95.9 mn in R&D in 2016 to introduce newer products. Germany and the U.K. are major domestic markets for urinary catheters in this region.
The global urinary catheter market features a highly competitive vendor landscape with the presence of a handful of key players that operate globally and several regional players, according to a new report by Transparency Market Research (TMR). In order to outdo their competitors, several players in the market are investing heavily to develop differentiator products that will further intensify competition, especially among local players. However, parity pricing among these products compels companies to sustain the competition at low-profit margins.
Report Overview, with TOC - https://www.transparencymarketresearch.com/report-toc/3936
About TMR
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports
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