Catheters and Bands Market 

Catheters are used widely in diagnostic procedures and surgical interventions. They are also used in unblocking a blocked blood vessel by removing the dead tissues, and treat the damaged target. On the other hand, bands help maintain hemostasis to protect radial artery from occlusion. These are used to give direct pressure to post-operation sites, and are removed before a person gets a discharge from the hospitals. 

Catheters and Bands Market 

  • Hollister Incorporated in July 2016, launched VaPro Plus Pocket, which was a pocket free hydrophilic catheter. It was created to provide comfort, discretion, and protection. 
  • Medtronic reported in February 2015 that it has taken over Advanced Uro-Solutions, a firm dealing in creation of neurostimulation products to treat bladder control issues. The take over intended to improve product portfolio of Medtronic for the treatment of an overactive bladder 
  • Coloplast, in September 2016, reported the upcoming launch of a flexible catheter for men, named SpeediCath Flex. This was expected to be a recent addition in the firm’s product portfolio. 

Catheters and Bands Market 

Rising number of geriatric population is among the major factors propelling the growth of global catheters and bands market in the span of forthcoming years. 

Moreover, advancement in technologies in catheters and bands market is expected to come out as an impact making factor, which is likely to boost the demand in the catheters and bands market.  Demand for high efficiency catheters and bands based on their efficiency and user comfort is also of a great importance supporting the growth in catheters and bands markets globally. Key players in the market are concentrating on increase in innovative technologies, Besides, rising demand for minimally invasive techniques is another additional factors propelling the growth in catheters and bands market globally. 

Nevertheless, rising catheters abased hospital infections are foreseen to hinder the demand for catheters and band in the market.

Catheters and Bands Market 

Geographically, North America catheters and bands market in 2017, held the major revenue share, and is foreseen to develop at a notable rate within the span of forecast period. Increasing cases of cardiovascular ailments in the mentioned region is a key factor pumping the demand in catheters and bands market in future. In addition, increased cases of changing lifestyle patterns, obesity, and poor dietary habits are expected to accelerate the probability of cardiovascular illness. Besides, increasing old age population is another factor supporting the market growth in the region. Advent of minimally invasive methods is also likely to contribute in demand in future. 

Additionally, Europe region is as well anticipated to experience a strong CAGR in the forecast period because of rising geriatric population. Increasing cases of chronic ailments for example, neurovascular illness, cardiac ailments, and urinary disorders are some of the factors working in the favor of European catheters and bands market. 

Catheters and Bands Market 

For example, Becton, Dickinson and Company in July 2018 took over TVA Medical Inc.  The acquisition supported the firm to grow its product portfolio in the products related to end-stage renal ailments, including drug coated balloons, dialysis catheters, and endovascular stent grafts. 

The major players are focusing on strategies such as partnerships, mergers and acquisitions, and collaborations. The firms are also indulging into new product launches and expansion of their product portfolio and improving the customer base. B. Braun in December 2017, released Introcan Safety Deep Access IV Catheters that aimed to reduce the complication risk related to deep vein access. 

The major firms operating in the global catheters and bands market are Arrow International Inc. (Teleflex Inc.), Abbott Laboratories, B. Braun Melsungen, C.R Bard, Boston Scientific Corporation, Coloplast, Cure Medical, ConvaTec, Edwards Life Sciences Corporation, Johnson & Johnson, Hollister Incorporated, Manfred Sauer, Smiths Medical, Medtronic Inc., Stryker Corporation, and Wellspect Healthcare.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Catheters Bands Market

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