Catheters Market accounted for US$ 16.9 billion in 2020 and is estimated to be US$ 54.18 billion by 2030 and is anticipated to register a CAGR of 8.50%. Catheters are medical devices which will be inserted within the body to treat diseases or perform a surgery. By modifying the fabric or adjusting the way catheters are manufactured, it's possible to tailor catheters for cardiovascular, urological, gastrointestinal, neurovascular, and ophthalmic applications. The method of inserting a catheter is "catheterization". In most uses, a catheter may be a thin, flexible tube ("soft" catheter) though catheters are available in varying levels of stiffness counting on the appliance. A catheter left inside the body, either temporarily or permanently, could also be mentioned as an "indwelling catheter.
The report " Global Catheters Market, By Type (Cardiovascular Catheters, Electrophysiology Catheters, PTCA Balloons Catheters, IVUS Catheters, PTA Balloons Catheters, Neurovascular Catheters, Urological Catheters, Intravenous Catheters, and Specialty Catheters), By End user (Hospital, Ambulatory Surgical Centers and Dialysis Clinics), and, By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)-Trends, Analysis and Forecast till 2030”
Key Highlights:
· In 2021, Argon Medical Devices, Inc., a leading manufacturer of medical devices for interventional procedures, announced the commercial launch of SKATE Mini-Loop Drainage Catheters in the United States and the European Union.
· In 2019, Boston Scientific Corporation acquired BTG plc. (UK). This acquisition expanded Boston Scientific’s product offerings for minimally invasive procedures targeting cancer and vascular diseases, as well as specialty pharmaceuticals.
Analyst View:
The increase in usage of vascular access and intravenous medical devices for the treatment of a wide variety of diseases globally is a key factor accentuating the global catheters market. The notably rising demand for catheters in the area of urology, cardiology, and neurology, is propelling the growth of the catheters market. The vast rise in disposal incomes in developing regions, coupled with rising awareness of catheterization, augments the growth of the global target market.
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Key Market Insights from the report:
The Global Catheters Market accounted for US$ 16.9 billion in 2020 and is estimated to be US$ 54.18 billion by 2030 and is anticipated to register a CAGR of 8.50%. The global catheters market is segmented by type, end user and region.
· On the basis of type, the Global Catheters Market is segmented into cardiovascular catheters, electrophysiology catheters, PTCA balloons catheters, IVUS catheters, PTA balloons catheters, neurovascular catheters, urological catheters, intravenous catheters, specialty catheters.
· On the basis of end-user, the Global Catheters Market is segmented into hospital, ambulatory surgical centers, and dialysis clinics.
· Based on region the Global Catheters Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold dominating position in the Global Catheters Market during the forecast period.
Competitive Landscape:
The key operators of global catheters market are Cook Group Incorporated, Teleflex Incorporated, Johnson & Johnson, Boston Scientific Corporation, C. R. Bard, Inc., Medtronic plc., B. Braun Melsungen AG, Becton, Dickinson and Company, and Abbott Laboratories.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
