Catheters Market Insights by Growing Trends and Demands Analysis
The global catheters market size is expected to reach USD 30.09 Billion in 2028 and register a revenue CAGR of 8.3% over the forecast period, according to latest report by Reports and Data. Catheters market revenue growth is expected to be driven by rising prevalence of various chronic diseases leading to need for surgical procedures using catheters, and increasing demand for device owing to benefits offered including high success rate in various cardiovascular procedures such as angioplasty, angiography, and balloon septostomy.
A catheter is a tube that is either inserted into the body through a narrow opening or surgically placed inside the body, and is used for several functions such as to drain fluids or pus that has collected in cavities. Catheters can also be connected to infusion pumps to administer medications and chemotherapy to cancer patients and insulin to patients with diabetes. Increasing global geriatric population, increasing rate of urinary incontinence and urinary retention issues in aged people, and rising awareness regarding benefits of catheters in treatment of these chronic conditions as well as for conducting several tests in diagnostic centers are factors boosting demand for catheters, thus, driving market revenue growth.
Growing demand for minimally invasive procedures, increasing healthcare expenditure by individuals, and rising disposable income, especially in developing countries, are driving demand for catheters, and support market revenue growth.
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Report Overview:
As part of our quantitative analysis, we have provided regional market forecasts by type and application, market sales forecasts and estimates by type, application and region by 2028, and global sales and production forecasts and estimates for Catheters by 2028. For the qualitative analysis, we focused on political and regulatory scenarios, component benchmarking, technology landscape, important market topics as well as industry landscape and trends.
We have also focused on technological lead, profitability, company size, company valuation in relation to the industry and analysis of products and applications in relation to market growth and market share.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Catheters market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market are:
Edward Lifesciences Corporation, Boston Scientific Corporation, Teleflex Incorporated, Abbott Laboratories, Johnson & Johnson Services, Medtronic Inc, B.Braun Melsungen AG, Becton, Dickinson and Company, ConvaTec Group, Stryker Corporation, Smiths Medical Inc., Cardinal Health Inc., Terumo Corporation, and Merit Medical Systems.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Catheters Market Segmentation:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Balloon
- Intravenous
- Peripheral
- Implantable
- Temperature Monitoring
- Intermittent
- Others
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Hospitals
- Long Term Care Facilities
- Diagnostic Imaging Centers
- Other End Users
Regional Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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