Press release
Catheters Market trends research and projections for 2017-2024
A notable rise in the occurrence of neurovascular disorders including cerebral hemorrhage, arteriovenous malformation, stroke, and chronic kidney diseases have stimulated catheters product demand to perform highly complex minimally invasive surgeries. Moreover, the rising prevalence of cardiovascular diseases, renal failure, diabetes and upsurge in geriatric population base will also push the market demand for cardiovascular catheters. Increase in number of minimally invasive cardiovascular surgeries has fueled the high usage rates of cardiovascular products. Cardiovascular catheters industry contributes to the largest share accounting for more than 38% of overall catheters industry revenue and is projected to exceed a market valuation of over USD 20 billion by 2024.
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The global catheters industry is expected to witness several technological innovations to enhance the healthcare operator’s efficiency with respect to maneuverability and flexibility. For example, an aggressive research has been carried out on developing the catheters technologies in order to lower the infections associated with catheters. The initiation of phase II study of urinary Foley catheters with Sharklet Technologies’ micro-pattern aims to prevent the bacterial growth on the surface of the catheter. For conducting its phase II study, Sharklet Technologies has received a funding of USD 1.2 billion by NIH. Many other technologies are being developed to combat the rising concerns of catheters based infections and increase the awareness level about the proper use of catheter. This has significantly driven the demand of catheters market in the developed and the developing countries to exploit the large untapped opportunities.
Increasing penetration rates of specialty catheters in Latin America and Asia Pacific, owing to its less invasive ablation procedures and commercial attractiveness has driven this product segment. With an estimated annual growth rate of 13.4%, the specialty catheters market is expected to be the most profitable business segment over the period of 2016-2024. Holding for more than 87% of the global catheters market size, U.S. contributed to the largest regional revenue share. Quick and proper access to healthcare, rapid technological advancements, and high disease awareness levels in this region have supported the market expansion which was pegged at USD 8.6 billion in 2015. Boston Scientific Corporation, a worldwide developer and manufacturer of medical devices based in Massachusetts, U.S. is a dominant industry player profoundly participating in the North America catheters market.
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Asia Pacific and Latin America offer potential growth opportunities for the catheters industry players. Supportive governmental initiatives to promote awareness and healthcare access will further strengthen the industry expansion in the emerging economies of Asia Pacific and LMA. China and India have witnessed high penetration rates of urology and neurovascular catheters and have thus created huge market opportunities. A significant rise in the disposable incomes of the regional population will further encourage heavy investments and product growth in the region. Asia Pacific catheters market is estimated to witness an annual growth rate of 14.7% over the period of 2016-2024. Furthermore, Europe catheters market is expected to overtake North America revenue share by accounting for over USD 28 billion over the coming seven years. The fast-paced growth is subject to major revenue contribution and robust catheters industry expansion in Germany, Spain, and France. Coloplast is a leading regional player having strong distribution network and thus accounts for major share in Europe.
It can be thus seen that the global catheters market is quite fragmented in nature with the presence of many small, regional, and established players. The major parameters influencing the competitive hierarchy of catheters market include product offerings, price, and quality. Strict regulatory guidelines and massive amount of investment in research and developments may pose barriers to the growth of mediocre industry players, particularly on grounds of the quality. Some of the renowned industry participants include Johnson & Johnson, Abbott Laboratories, Teleflex, and Medtronics Inc.
Report Content
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.1.1. Initial data exploration
1.1.2. Statistical modeling and forecast
1.1.3. Industry insights and validation
1.2. Data Sources
Chapter 2. Executive Summary
2.1. Catheters industry 3600 synopsis, 2012 - 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
Chapter 3. Catheters Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2012 - 2024
3.3. Industry Impact forces
3.3.1. Growth drivers
3.3.1.1. Rising prevalence of cardiovascular diseases
3.3.1.2. Increasing prevalence of neurovascular, and urology disorders
3.3.1.3. Growing global geriatric population base
3.3.1.4. Rising demand for minimally invasive surgeries
3.3.2. Industry pitfalls & challenges
3.3.2.1. Growing prevalence of catheter based hospital acquired infections
3.4. Growth potential analysis
3.5. Porter’s analysis
3.6. PESTEL analysis
3.7 Company market share analysis, 2015
3.7.1. North America catheters market share analysis, 2015
3.7.2. Europe catheters market share analysis, 2015
3.7.3. Asia Pacific catheters market share analysis, 2015
Chapter 4. Catheters Product Insights
4.1 Catheters market share, by product, 2015 & 2024
4.2 Cardiovascular
4.2.1 Market estimates by region, 2012 – 2024
4.3 Urology
4.3.1 Market estimates by region, 2012 – 2024
4.4 Intravenous
4.4.1 Market estimates by region, 2012 – 2024
4.5 Neurovascular
4.5.1 Market estimates by region, 2012 – 2024
4.6 Specialty
4.6.1 Market estimates by region, 2012 – 2024
Chapter 5. Catheters Regional Insights
5.1. Catheters market share by region, 2015 & 2024
5.2. North America
5.2.1. Market estimates and forecasts by product, 2012 - 2024
5.2.2. U.S.
5.2.2.1. Market estimates and forecasts by product, 2012 – 2024
5.3. Europe
5.3.1. Market estimates and forecasts by product, 2012 - 2024
5.3.2. Germany
5.3.2.1. Market estimates and forecasts by product, 2012 – 2024
5.3.3. France
5.3.3.1. Market estimates and forecasts by product, 2012 – 2024
5.3.4. Spain
5.3.4.1. Market estimates and forecasts by product, 2012 – 2024
5.4. Asia Pacific
5.4.1. Market estimates and forecasts by product, 2012 - 2024
5.4.2. China
5.4.2.1. Market estimates and forecasts by product, 2012 - 2024
5.4.3. Japan
5.4.3.1. Market estimates and forecasts by product, 2012 – 2024
5.4.4. India
5.4.4.1. Market estimates and forecasts by product, 2012 – 2024
5.5. Latin America
5.5.1. Market estimates and forecasts by product, 2012 - 2024
5.5.2. Brazil
5.5.2.1. Market estimates and forecasts by product, 2012 – 2024
5.5.3 Mexico
5.5.3.1. Market estimates and forecasts by product, 2012 – 2024
5.6. Middle East Asia
5.6.1. Market estimates and forecasts by product, 2012 - 2024
5.6.2. South Africa
5.6.2.1. Market estimates and forecasts by product, 2012 – 2024
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