Catheters Market
Information, By Type (Cardiovascular Catheters, Specialty Catheters,
Intravenous Catheters, Urinary Catheters, Neurological Catheters), By End Users
(Hospitals & Clinics, Ambulatory Surgical Centers, and others)- Global
Forecast till 2023
Market Scenario
The global Catheters Market is presumed to garner USD 49,731.9 million
during the forecast period (2017-2023). The global market is anticipated to
experience 6.14% CAGR owing to the increasing geriatric population, asserts
Market Research Future (MRFR). Catheter is referred to as a thin tube medical
device which is made from high graded material and is used in healthcare to
deliver gases, medications,and fluids to the patients or to drain fluids from
the body such as urine. Catheters are generally inserted into the body while
performing any kind of surgeries or for treating diseases. The demand for
catheters is anticipated to remain high in the coming years.
Drivers and Constraints Impacting the Market
With rising
geriatric population, growing preference for minimal invasive techniques,
accelerating number of diabetic patients,and changing lifestyle, the global
catheters market is estimated to flourish during the assessment period.Patients
suffering from urological and cardiacdiseases have triggered the demand for
catheters across the globe. Moreover, several manufacturers are introducing new
and advanced types of catheters in order to increase the market demand, which
is further contributing to the growth of the market. The changing lifestyle
coupled with theincreasing healthcare expenditureis estimated to spur the
growth of the market during the appraisal period. Also, increasing
reimbursement levels coupled with the advancements in catheter technology are
considered to fuel the market growth.
On the flip side,
risk of infection associated with the use of catheter is considered to impede
the market growth during the appraisal period.For instance, as per the Centers
for Disease Control and Prevention, in 5% of the causes, catheter-associated
urinary tract infection was observedin the year 2015. Additionally, long time
for approval is estimated to dampen the market growth in the coming years.
Inadequate quality assurance along with price competition at domestic levels
are also anticipated to hamper the growth.
Global Catheters Market: Segmental Analysis
The global catheters
market has been segmented on the basis of type, end-users, and region.
By mode of type, the
global catheters market has been segmented into specialty catheters,
cardiovascular catheters, urinary catheters, intravenous catheters,
neurological catheters, and others. Among these, the demand for cardiovascular
catheters is considered to remain the highest owing to the high prevalence of
cardiovascular diseases coupled with the growing number of surgeries.
By mode of
end-users, the global catheters market has been segmented intoambulatory
surgical centers, hospitals & clinics, and others. Among these, the
hospitals segment is considered to dominate the global market as they the
primary users of catheters. Hospitals arelikely to continue to maintain their
dominanceowing to the increasing number of government and private-run
hospitals. Moreover, the efforts taken by the government in order to reduce the
hospital-related expenditure are also considered to influence the market
growth.
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Respective Tables and Figures at https://www.marketresearchfuture.com/reports/catheters-market-3186
Regional Insights
Geographically, the
catheters market spans across regions namely, Europe, America, Asia Pacific,
and the Middle East & Africa.
Among all the
regions, America is considered to dominate the global catheters market due to
the presence of huge population suffering from obesity, diabetes, and cardiovascular
diseases. North America is estimated tooccupy the largest market share in this
region. As per the Centers for Disease Control and Prevention, over 9.3% of the
total American population suffered from diabetes in the year 2015. Moreover,
with the increased healthcare expenditureand well-developed technology, the
market in this region is considered to flourish.
Europe is estimated
to occupy the second largest market share for catheters owing to thepresence of
well-developed healthcare sector, high healthcare expenditure, and strong
government support for research & development activities. Countries such as
the U.K., Germany, and France are some of the major contributors to the
European market. Moreover, well-developed technologies have played a crucial
role in the development of the market these countries.
The Asia Pacific
region is also experiencing a rapid growth rateowing to the increasing diabetic
& obese population coupled with the accelerating healthcare expenditure. As
per to the WHO, around 60% of the world’s total diabetic population dwells in
the Asia Pacific region.
Industry Updates
December 31, 2018:
InventHelp Inventor has recently developeda non-invasive catheter alternative,
the SANI-TEE, which collects urine efficiently. It is made in such a way that
eliminates the need to force a catheter tube into the urethra, which minimizes
the pain caused to the body.
Competitive Dashboard
The prominent
players operating the global catheters market are Dickinson and Company, ACIST
Medical Systems (US), Cook Medical Inc. (US),Abbott, B. Braun Melsungen AG,
Becton, Covidien AG (Ireland), Koninklijke Philips N.V, LuMend Corporation
(US), Boston Scientific Corporation, Medtronic plc, and Terumo Corporation.
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