Rising incidence of neurological, urological and cardiovascular diseases across the world could drive the demand for catheters over the coming years.
Rising incidence of neurological, urological and cardiovascular diseases across the world could drive the demand for catheters over the coming years. Vascular, intravenous, specialty, and urology catheters are some of the key catheter types available in the catheters market. Generally, vascular catheters are divided into neurovascular and cardiovascular catheters. Ambulatory surgical care centers, hospitals & clinics, and specialty centers are the major end-use areas of catheters.
Technological advancements in catheterization like flexibility, extended instrument capability and precise lesions is projected to expand industry size. The introduction of antimicrobial coated and navigation-enabled ablation catheters for electrophysiology process could boost product adoption. Well-developed healthcare infrastructure, technological advancements, and the availability of advanced treatments along with favorable reimbursement policies are some other factors likely to drive the demand for catheters across hospitals.
Companies operating in the catheters business are developing new, technologically advanced products and solutions. Highlighting one such instance, in 2017, global medical products and technologies company, ConvaTec announced the launch of GentleCath Glide, its new, intermittent catheter incorporated with advanced FeelClean technology. The novel product is designed to provide convenient hydrophilic catheterization for daily users and would be available in Europe. Given such developments, Global Market Insights, Inc., suggests that the catheters market may register over USD 79 billion by 2025.
Slated below are some of the ongoing trends influencing catheters market expansion:
- Rising application of neurovascular catheters
In 2018, the neurovascular catheter segment was worth around USD 2 billion and is projected to grow substantially by 2025. Growing prevalence of brain aneurysms, ischemic strokes and other neurological diseases could spur the demand for their catheters in a long run.
The need for effective treatment as well as the advantages of neurovascular catheters including flexibility and safe navigation of the intercranial system could propel industry outlook.
- Robust demand for double lumen catheter
A dual or double lumen catheter has two channels, one meant for injection and the other for the removal of fluids which enables many thoracic procedures. The dual lumen segment is likely to record a CAGR of around 11.5% by 2025. Patient are mostly preferring interventional radiology (IR) & peripheral surgical procedures. Meanwhile, extensive usage of double lumen urological, drainage and venous catheters could drive new business opportunities for product manufacturers.
To access sample pages of this report titled, “Catheters Market Size By Product (Vascular Catheters {Cardiovascular Catheters [Electrophysiology Catheters (EP Ablation {Radiofrequency, Lasers}, EP Diagnostics {Fixed, Steerable, Advanced}), PTCA Balloon Catheters, IVUS Catheters, PTA Balloon Catheters], Neurovascular Catheters}, Urology Catheters {Dialysis Catheters [Hemodialysis Catheters, Peritoneal Catheters], Urinary Catheters `[Indwelling Catheters, Intermittent Catheters, External Catheters]}, Intravenous Catheters {Midline Peripheral Catheters, Peripherally Inserted Central Catheters, Central Venous Catheters}, Specialty Catheters {Wound Catheters, Oximetry Catheters, Thermodilution Catheters}), By Lumen (Single-Lumen, Double-Lumen, Triple-Lumen), By End-use (Hospital & Clinics, Specialty Centers, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/787
- U.S to emerge as a lucrative business ground
The U.S catheters market held a valuation of around USD 11.9 billion in 2018 and is anticipated to expand further in view of increasing demand for advanced medical treatments and rising adoption of non-invasive surgical procedures.
Emergence of major catheters market players and intensifying healthcare spending on advanced medical treatments is expected to fuel product penetration by 2025.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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