Last Updated on June 27, 2022 by Shoaib Altaf
According to IMARC Group’s latest report, titled “Catheters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global catheters market exhibited strong growth during 2015-2020. A catheter stands for a thin tube inserted into a patient’s body for therapeutic and diagnostic applications. It is manufactured with medical-grade materials, such as plastic, latex, silicone rubbers, polyvinyl chloride (PVC), etc. Catheters are used to deliver drugs into the body, besides monitoring and managing drainage of bodily fluids like urine, during surgery and post-operative recovery. As a result, they find extensive applications in treating different urological, neurovascular, and cardiovascular disorders.
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The growing prevalence of urological disorders, particularly among the geriatric population, is primarily driving the catheters market. Moreover, the rising preferences for minimally invasive surgeries (MI) and inflating medical expenditure capacities of consumers are also positively influencing the market growth. Furthermore, catheters are being increasingly utilized at healthcare centers for electrophysiological procedures involving the insertion of wire electrodes to measure cardiac electrical activity. Additionally, the emergence of robot-assisted surgical interventions is also augmenting the product demand. Besides this, the growing popularity of silver ion-coated, anti-microbial variants to minimize the incidences of catheter-associated infections and thrombosis is anticipated to further propel the market growth over the forecast period. Looking forward, IMARC Group expects the global catheters market to grow at a CAGR of around 7% during the forecast period (2021-2026).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Abbott Laboratories
- Braun Melsungen AG
- Becton Dickinson and Company
- Boston Scientific Corporation
- Coloplast Corporation
- ConvaTec Group PLC
- Edwards Lifesciences Corporation
- Hollister Incorporated
- Johnson & Johnson
- Medtronic plc
- Stryker Corporation
- Teleflex Incorporated.
Market Segmentation:
Breakup by Product Type:
- Cardiovascular Catheters
- Urology Catheters
- Intravenous Catheters
- Neurovascular Catheters
- Specialty Catheters
- Others
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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