Intravascular Catheter Market Research Report: Information by Product (Short PIVC Catheters and Integrated/Closed PIVC Catheters), Application (Renal Disease, Cancer, Gastrointestinal Diseases, Infectious Diseases and other Diseases), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) - Forecast till 2027
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Intended Audience
- Medical Device Companies
- Research and Development (R&D) Companies
- Government Research Institutes
- Academic Institutes and Universities
- Venture Capitalists
Market Highlights
It is estimated that the global intravascular catheter market is expected to register a CAGR of 9.3% during the forecast period of 2019 to 2024, with a market value of USD 4,318 million in 2018.
Numerous factors such as increasing hospitalization rates due to the rise in life-threatening diseases, rising demand for minimally invasive procedures to diagnose and treat different chronic diseases are expected to fuel the growth of the market. Moreover, the rise in the number of catheterization labs is projected to drive the market growth. However, the lack of skilled technicians, and increasing cases of local site infections in patients are expected to curb the growth of the intravascular catheter market.
Segmentation
The global intravascular catheter market has been segmented based on product, application, and end user.
Based on product, the market has been bifurcated into short peripheral intravenous catheters (PIVC) and integrated/closed PIVC catheters. The short PIVC catheters segment is expected to account for the larger market share during the assessment period while the integrated/closed PIVC catheter segment is projected to register the higher CAGR.
The market, by application, has been divided into renal disease, cancer, gastrointestinal diseases, infectious diseases, and others. The renal disease segment is the expected to account for the largest market share during the assessment period whereas the cancer segment is projected to be the fastest growing.
The market, by end user, has been segmented into hospitals, clinics, ambulatory surgical centers, homecare, and others. The hospitals segment held the largest market share in 2018 and the clinics segment is expected to register the highest CAGR during the assessment period.
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Key Players
Some of the key players in the global intravascular catheter market are Boston Scientific Corporation, C.R. Bard, Inc., Coloplast, Cook Medical, Edwards Life Sciences Corporation, Getinge AB, Johnson & Johnson, McKesson Medical Surgical Inc., Medtronic Inc., Smiths Medical, Terumo Corporation.
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