Pune India, Jan. 30, 2023 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the catheter market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the catheter market are present across various countries in the above-mentioned regions.
Get Sample Copy of This Report @ https://greyviews.com/reports/catheter-market/479/request-sample
The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the product, end-user, and region. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the below paragraphs.
The significant players operating in the global catheter market are Hollister Incorporated, Medtronic, Boston Scientific Corporation, Edward Lifesciences, Smith Medical Inc., Teleflex Incorporated, ConvaTec Group Plc, and Cure Medical LLC among other. To achieve a substantial market share in the worldwide catheter market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
Catheters are anticipated to be used in more surgeries as a result of an increase in chronic illnesses, which will propel market expansion. However, frequent use of catheters can result in central line-associated bloodstream infections and catheter-associated urinary tract infections (CAUTIs) (CLABSIs). Patients with chronic illnesses typically have weakened immune systems and need to stay in hospitals rather frequently. Due to the frequent usage of the catheter to access the blood vessels, the patients are at significant risk of infection. In order to decrease catheter-associated infections and the rising number of thrombosis episodes, firms started producing antimicrobial catheters. One or two notable antimicrobial catheters are the Silver Ion and Palindrome HSI heparin-coated antimicrobial catheters by Medtronic. The possibility of clot development and microbial colonization on the catheter's surface is also less likely with this kind of catheter. At the catheter's exit point, silver ions or antibiotic coatings are also applied, as well as sealing the tip with an antimicrobial solution. As a result, the expansion of the catheter market is projected to be boosted by catheters with anti-microbial coatings. Additionally, it is anticipated that the market for catheters would see a boost in sales due to the rising demand for less invasive procedures brought on by recent technological advancements. To avoid cases of restenosis, the recurrence of blood vessel narrowing at a later stage can be addressed, use antimicrobial coating and miniature catheters.
Enquiry Before Buying This Report @ https://greyviews.com/inquiry/479
Scope of Catheter Market Report
| Report Metric | Information |
| Study Period | 2022-2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Market Share Unit | USD Billion |
| Segments Covered | Product, End-User, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle-East and Africa |
| Major Players | Hollister Incorporated, Medtronic, Boston Scientific Corporation, Edward Lifesciences, Smith Medical Inc., Teleflex Incorporated, ConvaTec Group Plc, and Cure Medical LLC. among other |
Segmentation Analysis
The cardiovascular catheters segment is expected to be the fastest-growing segment in 2022.
The product segment is urology catheters, neurovascular catheters, intravenous catheters, cardiovascular catheters, and other. The cardiovascular catheters segment is expected to witness the highest growth rate during the forecast period. Because there is a growing need for interventional cardiac procedures as a result of an increase in the prevalence of cardiovascular illnesses. This will likely help the segment's market grow, along with the growing use of cardiac catheters. Percutaneous Transluminal Coronary Angioplasty (PTCA) balloon catheter is the main sub-segment in this category, accounting for about 30.0% of the market in 2021. This segment is further sub-segmented into four categories.
The hospitals segment is expected to be the fastest-growing segment in 2022.
The end-user segment is long term care facilities, hospitals, and other. The hospitals segment is expected to witness the highest growth rate during the forecast period. This can be ascribed to an increase in surgical operations requiring the use of catheters for IV solution and fluid infusion, as well as an increase in hospital admission rates globally. Since the hospital pharmacy is located inside a hospital, inpatient drugs are stored there and given out there. Hospital pharmacies typically carry a large selection of drugs, including more sophisticated and experimental ones. therefore in charge of segment expansion.
Regional Analysis
The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the catheters include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.
- The North America region witnessed a major share. The market in this area is additionally anticipated to be driven by increasing endeavours from the leading industry players for the launch of novel items. For instance, in March 2022, Cerus Endovascular got FDA approval for its 027 micro-catheters, which come in two lengths, increasing its product line, which currently includes the 021 micro-catheter platform that has already received FDA approval. Similar to that, in February 2021, Bactguard's TempSensor catheter received approval from Health Canada.
Country Analysis
- Germany
Germany's catheter market size was valued at USD 3.6 billion in 2022 and is expected to reach USD 6.18 billion by 2030, at a CAGR of 7% from 2023 to 2030.
A rise in catheter-offering medical equipment companies has led to a shift in Germany's robust healthcare system from in-patient to out-patient care. The demand for better healthcare facilities from the ageing population and the increased patient interest in less invasive procedures are expected to have a significant impact on market expansion.
- China
China’s catheter market size was valued at USD 3.8 billion in 2022 and is expected to reach USD 6.6 billion by 2030, at a CAGR of 7.3% from 2023 to 2030.
Because of a variety of factors, including escalating healthcare expenses, rising disposable income, and the existence of sizable untapped markets in developing nations like China.
- India
India's catheter market size was valued at USD 2.9 billion in 2022 and is expected to reach USD 5.05 billion by 2030, at a CAGR of 7.2% from 2023 to 2030.
Rising chronic condition prevalence is estimated to fuel catheter market expansion in India over the course of the research year. For instance, a study that appeared in the Journal of the American College of Cardiology in July 2018 revealed that 54.6 million people in India had cardiovascular disease.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.
Furthermore, the growth of the catheter market is mainly driven by the rise in healthcare sector.
Buy Now Full Report @ https://greyviews.com/checkout/479/single_user_license
Contact Us
Rocky Shah
GreyViews
Pune India
Phone: (+44) 162-237-1047
Email: sales@greyviews.com
Browse Related Reports:
Enteral Syringe Market Size By Product Type (Catheter Tip Syringes, Single Use Enteral Syringes, Home Use Enteral Syringes, and Others), By Application (Neurological Disease, Oncology, GI Related Disease, Malnutrition, and Others), By Patient Group (Adults and Neonatal & Pediatrics), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/enteral-syringe-market/492
Disposable Pipette Tips Market Size by Type (Non-Filtered Tips and Filtered Tips), By Technology (Automatic and Manual), By End-User (Academic & Research Institutes, Pharma & Biotech Companies, Hospitals and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/disposable-pipette-tips-market/489
Bipolar Disorder Treatment Market Size By Drug Class (Antidepressant Drugs, Mood Stabilizers, Antipsychotic Drugs, Antianxiety and Others), By Mechanism of Action (Beta-Blockers, Selective Serotonin Reuptake Inhibitors, Tricyclic Antidepressant Drugs and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/bipolar-disorder-treatment-market/485
Catheter Market Size By Product (Urology Catheters, Neurovascular Catheters, Intravenous Catheters, Cardiovascular Catheters, and Others), By End-User (Long Term Care Facilities, Hospitals, and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/catheter-market/479
Cardiovascular Needle Market Size By Type (Cutting Needles and Round Bodied Needles), By Application (Cardiac Valve Procedures, Open-Heart Surgery, Heart Transplant, Coronary Artery Bypass Graft Surgery, and Others), By Usage (Multiple Use and Single Use), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/cardiovascular-needle-market/477
Biomedical Sensors Market Size By Type (Wired and Wireless), By Sensor Type (Biochemical Image Sensors, Temperature, Pressure, and Others), By Industry (Pharmaceutical, Healthcare, and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/biomedical-sensors-market/475
Veterinary Hematology Analyzers Market Size By Product Type (Table Top Analyzers (Fully Automatic Analyzers and Semiautomatic Analyzers) and Point of Care Analyzers (Cartridge-Based Analyzers and Direct Sample Based Analyzers), By Analysis Parameter (2-Part WBC Differential, 3-Part WBC Differential, 5-Part WBC Differential, and Others), By End-User (Research institutes, Veterinary hospitals and clinics, Veterinary diagnostic centers, point-of-care testing, inhouse-testing, and others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/veterinary-hematology-analyzers-market/469
Structural Heart Devices Market Size By Indication (Atrial Septal Defects, Aortic Valvular Disease, Pulmonary Valvular Disease, Patent Foramen Ovale, Ventricular Septal Defects, Mitral Valvular Disease, Patent Ductus Arteriosus, and Others), By Product Type (Heart Valve Devices, Annuloplasty Rings, Occluders and Delivery Systems, Transcatheter Mitral Valve Repair, and Others), By Procedure(Repair and Replacements), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/structural-heart-devices-market/467
Shoulder Arthroplasty Market Size By Indication (Arthritis, Fracture/Dislocation, Rotator Cuff Tear Arthropathy, Hill Sachs Defect, and Others), By Device (Shoulder Arthroplasty Resurfacing Implants, Shoulder Arthroplasty Trauma Devices, and Shoulder Arthroplasty Platform Systems), By Procedure (Partial Shoulder Arthroplasty, Total Shoulder Arthroplasty, Reverse Shoulder Arthroplasty, and Revision Shoulder Arthroplasty), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/shoulder-arthroplasty-market/466
Radiopharmaceuticals Market Size By Procedural Volume (Diagnostic Producers and Therapeutic Procedures), By Application (Endocrinology, Oncology, Neurology, Cardiology, and Others), Regions, Segmentation, and Projection till 2030
https://greyviews.com/reports/radiopharmaceuticals-market/465
