Pediatric catheters are designed to address the problems associated with catheterization in children. The design of pediatric catheter is unique and it is often made of different material. Catheters are medical devices prescribed by doctors. These are used to treat dysfunctional bladder caused due to spinal cord injury, spina bifida, multiple sclerosis (MS), Parkinson's disease, diabetes, stroke, or incontinence. Usage of pediatric catheters has increased globally due to high incidence of venous thromboembolism (VTE) in pediatric population. Characteristics of these catheters such as easy placement and low cost are the factors likely to drive usage in pediatric surgeries in the near future. Hence, pediatric catheters are likely to be a significant technological advancements in the medical field which can decrease the rate of deaths among pediatric and infant populations in the near future. 

High prevalence of diseases such as urinary infection, coronary heart infection, increase in premature births, rise in patient awareness programs, surge in research and development initiatives for urinary infection diseases, and increase in demand for comprehensive heart failure care are the major drivers of the global pediatric catheters market. According to the journal, Circulation (2018), congenital heart defect is the most common type of birth defect, with a global prevalence of nearly 7.7 per 1,000 live births. Technological advancements such as biochips, implantation, and increase in use of advanced software applications available for measuring cardiac filling pressure are also likely to augment the pediatric catheters market. However, limited insurance coverage, inflated cost of devices, and preference for drugs over treatment devices are the factors expected to restrain the global market in the near future. 

The global pediatric catheters market can be segmented based on material, product type, indication, end-user, and region. In terms of material, the market can be classified into polyvinyl, rubber, and others. The polyvinyl segment is growing at a rapid pace due to increase in symptoms of urinary infection using other materials among pediatric population. According to the Journal of Medical Engineering & Technology, 2015, in the U.K., usage of Foley catheter costs the National Health Service US$ 1.4 Bn to US$ 3.7 Bn and accounts for 2,100 deaths each year. Based on product type, the global pediatric catheters market can be categorized into intermittent catheters, balloon catheters, straight catheters, two way catheters, and others. In terms of indication, the market can be divided into urinary infection, cardiac coronary, and others. Based on end-user, the global pediatric catheters market can be classified into ambulatory surgical units, hospitals, clinics, and others. 

Geographically, the global pediatric catheters market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the global pediatric catheters market in 2018 due to sophisticated infrastructure with modern software modalities, patient awareness programs, and high per capita health care expenditure. Early-phase diagnosis, easy regulation on pediatric treatment devices, and prevention of pediatric diseases drive the medical devices market, which in turn is projected to propel the pediatric catheters market in North America. In May 2017, Flourish Pediatric Esophageal Atresia Device was approved by the FDA for non-surgical repair of the esophagus in infants. Europe was the second largest market for pediatric catheters due to favorable government policies regarding health care infrastructure and awareness program for pediatric diseases & treatments. The market in Asia Pacific is anticipated to expand at a higher CAGR due to rise in premature birth population, prevalence of pediatric coronary artery disease, changing lifestyles, increasing awareness for pediatric patients, and increase in per capita expenditure. Additionally, economic growth supports health care infrastructure improvement in developing countries such as India and China. Hence, all the factors mentioned above contribute to the growth of the pediatric catheters market in Asia Pacific. 

Major players operating in the global pediatric catheters market include Boston Scientific Corporation, Wellspect HealthCare, Medtronic plc, Edwards Lifescience Corporation, Smiths Medical, Medtronic, B. Braun Melsungen, Maquet Holdings, Cook Medical, Coloplast, and Medical Measurement Systems.

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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Pediatric Catheters Market

Pre Book