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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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.
The global intravascular catheter market is currently dominated by numerous market players. The key players are involved in new product launches and strategic collaborations to strengthen its market position. For instance, in March 2019, Edwards Lifesciences Corporation announced the acquisition of Corvia Medical, Inc. Similarly, in April 2019, the company completed the acquisition of CAS Medical Systems, Inc.
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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