New York City, 28 January 2020: According to a new report published by Polaris Market Research,
the global catheters
market is anticipated to reach USD 56.5 billion by 2025. In
2017, by product type, cardiovascular catheter segment captures the largest
market shares in terms of revenue and hold major share in the market.
Regionally, North America accounted for the major share in the catheter market.
Catheters are thin
tubes made up of plastic, nylon, polyvinyl chloride (PVC), and silicon rubber.
Catheters are majorly used in catheterization while surgical procedures like
angioplasty, and neurosurgery. The catheters market is primarily driven by continuous
growth in the population suffering from cardiovascular disorders and diabetes.
Presently, various countries showed the growth in number of patients suffering
from hypertension and diabetes which is braced by factors such as smoking,
drinking and sedentary lifestyle of the population. In addition, favorable
reimbursement policies, increasing demand for minimal invasive surgeries, and
technological advanced catheter with high effectiveness by its use would spur
the global catheter market during the forecast period. on other hand, the wide
application of catheter in various surgeries such as angioplasty would also
push this market. The reimbursements by the Medicaid program that provide
approximately 100 catheters per month to add the growth of catheter market in
the future.
Download Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/global-catheters-market/request-for-sample
Cardiovascular
Catheters, holds a major share in the global catheter market. The
cardiovascular catheter market is further segmented as PTCA balloon catheters,
IVUS catheters, PTA balloon catheters, electrophysiological catheters, and
others. The growth of cardiovascular catheters is majorly driven by the
increasing incidences of cardiovascular diseases supporting the growth of
cardiovascular interventional procedures. While, urological catheter holds the
second largest segment with largest revenue. The factors contributing for the
growth of urological market are continuous technological advancements, and
increasing prevalence of urological diseases in the coming year.
Geographically, North America holds a dominating position in the
global catheter market followed by Europe and Asia Pacific. The growth in the
North America catheter market is driven by the presence of refined health
infrastructure, high volume of catheterization in medical procedures, high
healthcare expenditure by the individuals, and high level of patient awareness
about the use catheters. Whereas, Asia Pacific is expected to reach remarkable
growth owning to the increased penetration rate of these devices in the
developing countries, growing technological advancements pertaining the
development of new-catheter devices, and improving healthcare expenditure would
influence the catheter market in Asia Pacific during the forecast period.
Get Special Discount On Complete Report @
https://www.polarismarketresearch.com/industry-analysis/global-catheters-market/request-for-discount-pricing
The leading companies
operating in this industry include Johnson & Johnson Inc., Abbott
Laboratories, Becton, Dickson and Company, B. Braun Melsungen AG., Medtronic
plc., Boston Scientific Corporation, Cook Group Incorporated, Teleflex
Incorporated, Cardinal Health Inc., Smiths Medical, Arrow International Inc.,
Edward Life Science Corporation, and Coloplast.
Key Findings from the
study suggest products available in the market are continuously concentrating
on the technological advancements that will reduce the side effects caused by
the use of catheters. The leading companies while developing new products
considers the factors such as increasing disposable income, and untapped market
potential. North America is presumed to dominate the global catheter market
over the forecast years and Asia Pacific region shows signs of high growth
owing to the booming economies of India, and China.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
