Catheters Market Trends, Size, Share, Growth Opportunities and Emerging Technologies to 2029


Posted December 27, 2022 by pranit10

Catheters Market was valued at US$ 19.73 Bn. in 2021 and the total Catheters revenue is expected to grow at 9.08% from 2022 to 2029, reaching nearly US$ 39.54 Bn.

 
Catheters Market Overview:

A catheter is a thin tube that is inserted into the patient's body for therapeutic and diagnostic purposes. It is constructed with medical-grade materials such as plastic, nylon, silicone rubbers, latex, polyvinyl chloride (PVC), and plastic. Cardiovascular, neurovascular, urinary, intravenous, and specialised catheters are among the most commonly used types. They work in hospitals to monitor and control the drainage of bodily fluids such as urine during surgery and post-operative recovery. They are also used to administer medications and gases to patients. Catheters are thus commonly used to treat a wide range of neurovascular, urological, and cardiovascular issues. The catheter market is expected to grow rapidly due to the increasing prevalence of neurologic, cardiovascular, and urological disorders, as well as the increased use of minimally invasive procedures.

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Catheters Market Dynamics:

Over the last three decades, cardiovascular, urologic, and neurological conditions have been among the leading causes of morbidity and mortality rates worldwide. People who are sedentary are more likely to develop chronic illnesses such as diabetes, cardiovascular diseases (CVDs), urologic disorders (including end-stage renal disease or ESRD), and other conditions. One of the most serious consequences of this trend is kidney failure, which is most commonly caused by chronic conditions such as high blood pressure and diabetes.

The most common causes of kidney problems are urinary tract infections, glomerulonephritis, polycystic kidney disease, lupus, and other kidney abnormalities. Inadequate physical activity, excessive alcohol consumption, smoking, obesity, and inconsistent food patterns are some of the causes of the rise in cardiovascular and neurovascular disorders. more individuals will need to utilize catheters as these diseases spread, increasing demand over the course of the projected period.

Catheters Market Research Methodology:

Quantitative and qualitative research approaches were utilized to collect data, and bottom-up approaches were used to validate the findings. Secondary data was gathered from a number of sources to ensure that the results were consistent. Official databases from various organizations and government websites, industry periodicals and newspapers, enormous company annual reports, manufacturer and supplier publications, and paid databases are some examples. Surveys, questionnaire administration, and phone interviews with industry experts, market leaders, entrepreneurs, and marketing professionals are used to obtain primary data. SWOT analysis was used to study significant organizations' strengths and weaknesses, while PORTER and PESTLE were utilized to investigate various economic difficulties. Finally, the research looks at the Catheters market in depth.

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Catheters Market Segmentation:

Outlook for the End-User Segment, In 2021, hospitals held a revenue share of more than 42.36% of the global catheters market. This increase can be attributed to the increased use of catheters and hospitalisations associated with complex interventional surgeries. Improved post-operative care has increased patient preference for hospitals, contributing to the increased use of catheter devices. Furthermore, the availability of highly qualified medical and healthcare professionals, as well as an increase in the frequency of vascular and urological disorders, prostate cancer, heart disease, and neurological diseases, are some of the factors driving catheter industry statistics.

Catheters Market Key Players:

The major players covered in the Catheters market report are

Arrow International Inc. (Teleflex Inc.)
Braun Melsungen
Boston Scientific Corporation
R Bard
Coloplast
ConvaTec
Cure Medical
Edwards Life Sciences Corporation
Hollister Incorporated
Johnson & Johnson
Manfred Sauer
Medtronic Inc.
Smiths Medical
Wellspect Healthcare
Terumo Corporation
Regional Analysis:

Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Catheters market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.

After examining the political, economic, social, and technological aspects influencing the Catheters market in each of these regions, the report also includes extensive PESTLE assessments for each of the five regions—North America, Europe, Asia Pacific, the Middle East, Africa, and South America.

Key Offerings:

Market Share, Size & Forecast by Revenue | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by major segmentation and region.
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Categories Health , Medical , News
Tags catheters market , catheters market size
Last Updated December 27, 2022