According to Stratistics MRC, the Global Catheters Market accounted for $28.56 billion in 2015 and is expected to grow at a CAGR of 8.27% to reach $49.82 billion by 2022. Growing demand for minimally invasive medical procedures, rising aged population worldwide, and increasing prevalence of cardiovascular diseases are the major factors driving the market growth. On the other hand, factors such as rising healthcare acquired infections, huge costs and absence of skilled professionals hampers the market growth. Increase in pricing pressure on market players and strict regulatory bodies are the major challenges involved in the catheters market.
Cardiovascular catheters are the largest segment, accounting for almost 40% of the total revenue. In materials, the silicone is the largest segment with around 30% share and polyethylene is growing at the highest CAGR during the forecast period. Among end- users, hospitals are the leading segment and are growing at a faster pace during the forecast period. By geography, North America is the largest market, followed by Europe. However, Asia Pacific is expected to grow at a highest CAGR generating ample of opportunities for growth and is expected to attain the interest of new investors in the catheters market.
Some of the key players in the global catheters market include Boston Scientific, Medtronic Inc., Abbott Laboratories, Rochester Medical Co., Medrad (Bayer AG), Becton Dickinson Inc., Johnson and Johnson, Hollister Inc., Edwards Lifesciences, Vascular Solutions, B. Braun Melsungen AG, Bard Medicals, Arrow International Inc., Siemens and Mogul Enterprises Inc.
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Peripheral venous catheter
Central venous catheters
Wound/ Surgical Drain catheters
Pulmonary Artery Catheters
Intravascular Ultrasound (IVUS) Catheters
PTCA (Percutaneous Transluminal Coronary Angioplasty) Balloon Catheters
Percutaneous Transluminal Angioplasty (PTA Balloon) Catheters
End User’s Covered:
Academic & Research laboratories
Home healthcare providers
Rest of Europe
Rest of Asia Pacific
Rest of the World
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– Market share assessments for the regional and country level segments
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– Strategic recommendations for the new entrants
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