Catheters Market Overview

its recently published study report asserts that the global Catheters Market Size is estimated to reach USD 78.5 billion by 2030 at 8.30% CAGR through the forecast period 2022-2030. The global market of catheters is driven by a number of factors including rising incidences of cardiovascular and urological diseases coupled with the sedentary lifestyle that mirrors the augmented prevalence of cardiovascular diseases or other related diseases. Moreover, higher affordability, favorable reimbursement policies and an increase in demand for advanced catheters provide impetus to the market growth.

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The increasing prevalence of chronic diseases will positively impact the growth of the catheters market. Major trends in the Catheters market include technological advancements, consistent investment in research and development activities and the upsurge in acquisitions and mergers.On the other hand, the associated risk of weakened materials that can cause fractures which increases the total cost of surgery can hamper the market growth. Also, pain and swelling during insertion and withdrawal of catheters and the discomfort associated with its use coupled with the hospital acquired infections due to catheter use these factors are expected to hamper the market growth.

Catheters Market Players

• Boston Scientific Corporation
• Koninklijke Philips N.V
• Abbott Medtronic Plc
• Braun Melsungen Ag
• Becton Dickinson And Company
• Terumo Corporation
• Lumend Corporation
• Covidien Ag (Ireland)
• Acist Medical Systems
• Cook Medical Inc

Catheters Market Segmentation

• By mode of type, the global catheters market has been segmented into specialty catheters, cardiovascular catheters, urinary catheters, intravenous catheters, neurological catheters, and others. Among these, the demand for cardiovascular catheters is considered to remain the highest owing to the high prevalence of cardiovascular diseases coupled with the growing number of surgeries.
• By mode of end-users, the global catheters market has been segmented intoambulatory surgical centers, hospitals & clinics, and others. Among these, the hospitals segment is considered to dominate the global market as they the primary users of catheters. Hospitals arelikely to continue to maintain their dominanceowing to the increasing number of government and private-run hospitals. Moreover, the efforts taken by the government in order to reduce the hospital-related expenditure are also considered to influence the market growth.

Catheters Market Regional Analysis

Europe is estimated to occupy the second largest market share for catheters owing to thepresence of well-developed healthcare sector, high healthcare expenditure, and strong government support for research & development activities. Countries such as the U.K., Germany, and France are some of the major contributors to the European market. Moreover, well-developed technologies have played a crucial role in the development of the market these countries.

The Asia Pacific region is also experiencing a rapid growth rateowing to the increasing diabetic & obese population coupled with the accelerating healthcare expenditure. As per to the WHO, around 60% of the world’s total diabetic population dwells in the Asia Pacific region.

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