Catheters Market Is Expected To Reach USD 32.71 Billion By 2027 At A CAGR Of 8.3 percent.
Maximize Market Research has published a report on the Global Catheters Market that provides a detailed analysis for the forecast period of 2022 to 2027.
Catheters Market Scope:
The report provides comprehensive market insights for industry stakeholders, including an explanation of complicated market data in simple language, the industry’s history and present situation, as well as expected market size and trends. The research investigates all industry categories, with an emphasis on key companies such as market leaders, followers, and new entrants. The paper includes a full PESTLE analysis for each country. A thorough picture of the competitive landscape of major competitors in the Catheters market by goods and services, revenue, financial situation, portfolio, growth plans, and geographical presence makes the study an investor’s guide.
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Catheters Market Overview:
Catheters are instruments that can be placed into the body to treat illnesses or to perform surgery. Catheters can be tailored for cardiovascular, urinary, intestinal, neurovascular, and ophthalmic purposes by changing the material or the method they are made. Catheterization refers to the procedure of inserting a catheter. When patients have trouble peeing (urinating) normally, a urinary catheter is frequently utilized. It can also be used to help perform specific tests and to drain the bladder before or after surgery. Many people choose to use an indwelling catheter because it is more practical and eliminates the requirement for frequent insertions that intermittent catheters need.
Catheters Market Dynamics:
Numerous companies are manufacturing devices e.g. coated urine catheters with temperature measurements for ICU patients to provide better protection against reinfection, which is anticipated to drive market growth. A rise in the number of operations due to an increase in the number of chronic diseases is forecast to grow catheter use, driving sales growth. Repeated catheter usage, on the other hand, can result in catheter-associated urinary tract infections and central line-associated bloodstream infections. Patients with chronic diseases typically have weakened immune systems and require hospitalization regularly. Because the catheter is used often to penetrate blood vessels, the patients are at high risk of infection. As a result, firms began using antimicrobial devices to prevent catheter-associated infection and the rising number of thrombosis cases.
Additionally, the increased demand for less invasive treatments as a result of recent technological advancements is likely to boost global sales of catheters. Restenosis, or the recurrence of blood vessel constriction at a later stage, can be treated using the antimicrobial treatment and downsized catheters. Peripheral disorders are also connected to other chronic ailments like diabetes. Because of the capabilities of modern technology and new coated catheters on the marketplace, these operations are gaining popularity and becoming conventional procedures in general surgery. For example, the rising popularity of angioplasty over traditional operations due to its minimally invasive nature and greater results has increased patient preference for less invasive treatments. This is projected to boost the growth of the catheter industry.
Catheters Market Regional Insights:
Unhealthy lifestyles have resulted in a high frequency of chronic illnesses in countries such as the United States and Canada. Moreover, the growing number of patients seeking operations, as well as increased consumer understanding of minimally invasive surgeries, are driving catheter market growth in these nations. According to the CDC, heart disease is responsible for one out of every four fatalities in the United States. Obesity, poor nutrition, lack of physical activity, heavy alcohol use, hypertension, high blood cholesterol, and smoking are all key factors of heart disease. Approximately half of all Americans have at least one of these risk variables. Similarly, according to IHME statistics, ischemic heart disease was the greatest cause of death and disability in Canada in 2017. As a result, increasing incidences of peripheral artery disease, blood vessel occlusions, and understanding of minimally invasive operations increase the usage of catheters in these nations.
Catheters Market Segmentation:
By Product:
- Cardiovascular
- Urology
- Intravenous
- Neurovascular
- Specialty Catheters
By Platform:
- Hospitals
- Ambulatory Surgical Centers
- Combination Medications
Catheters Market Key Competitors:
- Abbott Laboratories
- Arrow International Inc. (Teleflex Inc.)
- B. Braun Melsungen
- Boston Scientific Corporation
- C.R Bard
- Coloplast
- ConvaTec
- Cure Medical
- Edwards Life Sciences Corporation
- Hollister Incorporated
- Johnson & Johnson
- Manfred Sauer
- Medtronic Inc.
- Smiths Medical
- Corporation
- Wellspect Healthcare
- Terumo Corporation
- Becton, Dickinson, and Company
- Stryker
- Cook Medical
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