Catheters Market (Product type - Cardiovascular catheters, Urology catheters, Intravenous Catheters, Neurovascular catheters, and Specialty catheters; End Users - Hospitals, Ambulatory Surgical Centers, and Dialysis Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025
Press Release :
Global Catheters Market: Snapshot
The demand for catheters is expected to remain high in the coming years observes Transparency Market Research. Development and commercialization of various types of catheters for a wide range of applications has significantly propelled the global market in recent years. Catheterization is an important procedure before performing major surgeries. Thus, growing incidences of cardiovascular diseases, kidney disorders, urinary tract procedures, and increasing demand for minimally invasive surgeries has drastically spiked the demand for catheters in the recent years. Growing geriatric population is also projected to be an integral factor in driving the demand for catheters in the near future. According to the research report, the global catheters market is projected to be worth US$55,985.1 mn by the end of 2025. During the forecast years of 2017 and 2025, the global catheters market is expected to exhibit a CAGR of 7.4%.
Hospitals to Remain Key Users of Catheters over Forecast Period
On the basis of end users, the global catheters market is segmented into ambulatory surgical center, hospitals, and dialysis centers amongst others. Out of these, the hospitals segment dominates the global market as they are obvious key users of catheters. The ambulatory services segment follows this one closely. The report points out that hospitals segment will continue to dominate throughout the forecast period due to growing number of private and government-run hospitals that are expected to come up in the near future. Furthermore, efforts taken by government initiatives to reduce the hospital-related expenditure are also projected to work in the favor of catheters market in the near future.
Cardiovascular Catheters to Dominate Global Market as Cardiovascular Treatments Remain on the Rise
The various types of catheters available in the global market are cardiovascular catheters, urology catheters, intravenous catheters, specialty catheters, and neurovascular catheters. Out of these, the demand for cardiovascular catheters is projected to remain the highest. The high prevalence of cardiovascular diseases and the rising number of surgeries pertaining to treating the same are stoking the demand for cardiovascular catheters. The World Health Organization states that the cardiovascular diseases are the main cause of deaths across the world. Statistics revealed by WHO states that 17.7 million met a fatal end due to cardiovascular diseases in 2015. These alarming figures are projected to be the primary growth driver for the cardiovascular catheters segment. Furthermore, the increasing demand for minimally-invasive procedures has also supplemented the growth of the market.
Europe and North America Emerge as Leading Regional Market with Well-established Healthcare Infrastructure
Geographically, the global catheters market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Out of this, the North America catheters market is expected to lead the way. This regional segment will be driven by the well-established healthcare infrastructure in the region. This has definitely augmented the number of catheterization procedures, thereby boost the regional market’s revenue earnings. Europe is projected to follow North America’s lead in the coming years. The growing pool of geriatrics, high incidences of lifestyle disorders, and tremendous technological advancements and acceptance of the same are expected to keep these two regional markets motivated throughout the forecast period.
On the other hand, the Asia Pacific catheters market too is expected to show rapid growth rate in the coming years. Rise of medical tourism, increasing efforts by the governments of the developing countries to better the healthcare infrastructure, and technological advancements are expected to offer many lucrative opportunities to this regional market.
Some of the leading players operating in the global catheters market are Abbott Laboratories, Dickinson and Company, Becton, C. R. Bard, Inc., B. Braun Melsungen AG, Medtronic plc., Teleflex Incorporated, JOHNSON & JOHNSON, Cook Group Incorporated, and Boston Scientific Corporation.
Global Catheters Market: Overview
Catheters have been an integral part of the healthcare industry for ages and are likely to remain so for the foreseeable future. Manufacturers are racing against each other to improve product differentiation and scope of utility of their products to outshine in the global catheters market. Catheters form an inseparable part of diagnostics and treatment of the millions of patients that are suffering from chronic diseases, diabetes, cardiovascular diseases, and all urinary diseases. The global catheters market is segmented by product type, end users and geography.
The global catheters market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product type, end users and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. In addition, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, by geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global catheters market.
Global Catheters Market: Key Segments
Based on product type the global catheters market is segmented into cardiovascular catheters, urology catheters, intravenous catheters, neurovascular catheters and specialty catheters. The cardiovascular segment is further segmented into electrophysiology catheters, PTCA balloon catheters, IVUS catheters, PTA balloon catheters and others. The others segment of the cardiovascular catheters includes angiography catheters, guiding catheters and pulmonary artery catheters. The urology catheter segment is further segmented into hemodialysis catheters, peritoneal catheters, foley catheters, intermittent catheters and external catheters. The intravenous catheters segment is segmented into peripheral catheters, midline peripheral catheters and central venous catheters. The product type segments have been analyzed based on incidence of diseases, cost of the product and key players in the segment. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
According to end users the global catheters market is segmented into hospitals, ambulatory surgical centers, dialysis centers and others. The end users segments have been analyzed based on number of healthcare infrastructure, government investment and also economic development in the regions. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
Global Catheters Market: Regional Outlook
Geographically, the global catheters market has been categorized into five major regions and the key countries in the respective region: North America (the U.S., Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC countries, Israel and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.
Companies Mentioned in Report
The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in the monoclonal antibody therapeutics market are Abbott Laboratories, Becton, Dickinson and Company, B. Braun Melsungen AG, C. R. Bard, Inc., Medtronic plc., Boston Scientific Corporation, Teleflex Incorporated, JOHNSON & JOHNSON, Cook Group Incorporated and Cardinal Health, Inc.
The global catheters market has been segmented as follows: