Published on : Feb 09, 2018
Albany, New York, February 9, 2018: Over the years, catheters are an extremely common medical tool employed for many reasons to help with patient care and treatment. It helps in treating millions of patients that are suffering from chronic diseases, diabetes, cardiovascular diseases, and all urinary diseases. Recently, a new study has been compiled which focuses on the global market overview along with its future prospects, and details of key players gaining momentum in this market. Market Research Hub (MRH) has freshly added this latest report to its wide database, which is titled as “Catheters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025”. According to the report, the global catheter market will rise to a valuation of US$55,985.1 mn by 2025, registering a CAGR of 7.4% from 2017 to 2025.
It has been analyzed that the scope of usage of catheters has continued to expand at a promising pace in the healthcare sector in the past few years. Presently, the rising incidence of a number of chronic kidney diseases, cardiovascular and urological ailments and diabetes, the rise in the number of patients administered in hospitals are also key to the steady expansion of the global catheters market.
First of all, the report presents a detailed market overview of catheter market. This section comprises qualitative analysis, by considering the factors shaping the market drivers, opportunities and restraints, together with Porter's five forces and market attractiveness analysis. In terms of geography, the global catheter market is segmented into North America, Latin America, Asia-Pacific, Europe and Middle East & Africa. Of these, the market in North America dominated the global catheters market in terms of revenue contribution in 2016 and is expected to dominate the market during the forecast period as well. One of the prime factors driving the catheter market in the region is increasing number of catheterization procedures.
Vast advancements in the area and the easy availability of advanced, non-invasive varieties of catheters across all corners of the world, and the increased demand for minimally invasive procedures are also proving to be helpful for development of the global catheters market over the next few years.
This research report categorizes the global catheters market on the basis of product type and end-user. In terms of product type, the segment of cardiovascular catheters holds the top position in the worldwide market. The rising prevalence of cardiovascular diseases globally is the chief factors that drive the expansion of the cardiovascular catheter segment. On the other hand, the hospital segment dominates the global catheters market among various end-user, followed by ambulatory surgical centers.
At last, the report covers thorough competitive outlook that contains market share and profiles of key players functioning in the global market. Major companies profiled in the catheters market are Abbott Laboratories, Dickinson and Company, JOHNSON & JOHNSON, Boston Scientific Corporation, B. Braun Melsungen AG, C. R. Bard, Inc., Becton, Medtronic plc., Teleflex Incorporated, Cook Group Incorporated and Cardinal Health, Inc.
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