Fact.MR – A Market Research and Competitive Intelligence Provider: According to Fact.MR, the global intravascular catheters market is predicted to grow steadily between 2021 and 2031.
United States to Create Lucrative Opportunities for Intravascular Catheters Market
The latest research report by Fact.MR provides detailed information on key factors affecting growth in the intravascular catheters market. It presents valuable insights on factors facilitating product development in the intravascular catheters market. For the purpose of study, the market has been segmented in terms of devices, indication, treatment, distribution channel and region.
Fact.MR – A Market Research and Competitive Intelligence Provider: According to Fact.MR, the global intravascular catheters market is predicted to grow steadily between 2021 and 2031.
Sales of intravascular catheters will be driven by rising incidence of bladder cancer and other illnesses that cause urine incontinence.
Due to rising frequency of HIV and tuberculosis, the infectious illnesses segment is expected to increase the most in terms of applications. According to the World Health Organization, almost 10 million individuals were diagnosed with tuberculosis worldwide in 2017, with an estimated 1.6 million fatalities (WHO). In the infectious illnesses segment, the increased incidence of tuberculosis has boosted sales of intravascular catheters.
According to National Cancer Institute (NCI), around 723,745 people were living with bladder cancer in the U.S. in the year 2018. As per the recent study by NCI, nearly 83,730 new incidences of urinary bladder cancer are expected to be recorded in 2021, with the number of deaths amounting to 17,200 in the U.S.
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North America has the biggest market share for intravascular catheters. The region has become a focal point for market expansion due to the rising incidence of renal and cardiovascular disorders, as well as the presence of key players.
“Some of the leading market players are acquiring innovative technologies to furnish the unmet requirements of hospitals and catheterization labs. They are focusing on strategic collaborations and acquisitions to strengthen their position in the market,” says the Fact.MR analyst.
Key Takeaways:
- Due to the growing patient pool of cardiovascular disorders in North America, the United States is expected to emerge as a lucrative market.
- The intravascular catheters market is dominated by Asia Pacific, which is predicted to exceed a valuation of US$ 1.2 billion during the assessment year.
- Due to the presence of well-established healthcare infrastructure, the intravascular catheters market in the United Kingdom is developing; the market in the Middle East and Africa (MEA) is growing at the quickest rate, with a CAGR of 13.3%.
- Due to the growing number of hospitals and catheterization labs, short PIVC Catheters have the largest market share.
Key Drivers:
- The demand for intravascular catheters will increase as the prevalence of urological, cardiovascular, and infectious diseases rise.
- The expansion of the intravascular catheter market will be aided by an increase in the number of catheterization labs.
- The market is predicted to rise due to the increasing use of intravascular catheters to assess pH in children.
- Sales will be driven by rising prevalence of bladder cancer that can cause urine incontinence.
Key Restraints:
- The high cost of intravascular catheters in comparison to other alternatives may limit demand.
- Infectious disease risks, including as catheter-related bloodstream infections, are posing a threat to market growth.
- Inadequate quality assurance is a limiting factor in the intravascular catheter market's growth.
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Competitive Landscape
Key players operating in the intravascular catheters market profiled by Fact.MR includes Johnson & Johnson, Boston Scientific Corporation, Edwards Life Sciences Corporation, Cook Medical, Getinge AB, McKesson Medical Surgical Inc., Smiths Medical, and Terumo Corporation. Some of the leading market players are entering into collaboration and acquisitions with other competitors to expand their market reach and revenue. For instance,
- In March 2019, Edwards Lifesciences Corporation announced the acquisition of Corvia Medical, Inc.
- In April 2019, the Edwards Lifesciences acquired CAS Medical Systems, Inc.
More Insights on the Intravascular Catheters Market
Fact.MR offers unbiased analysis of the intravascular catheters market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of:
By Product Type
- Integrated/Closed PIVC Catheters
- Short PIVC Catheters
By Application
- Cancer
- Renal Disease
- Gastrointestinal Diseases
- Infectious Diseases
- Other Disease
By End-User
- Hospitals
- Clinics
- Homecare
- Ambulatory Surgical Centers
- Others
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
Explore Fact.MR’s Coverage on the Healthcare Domain –
Radial Access Catheter Market Trends - Increased prevalence of cardiovascular diseases, changes in lifestyle, increased usage of radial access catheter in pediatric patients, and rising desire for minimally invasive procedures and interventional cardiology procedures are all factors driving the radial access catheter market forward.
Indwelling Catheters Market Scope - Aside from the rising prevalence of urinary incontinence, the rising number of surgeries performed globally, as well as kidney stones, urethral blockage, and benign prostatic hyperplasia (BPH) to drive indwelling catheters market growth.
Surgical Catheters Market Analysis - The global surgical catheters market is growing because to an ageing population and rising occurrences of diabetes, renal failure, and cardiovascular illnesses. In most affluent nations, reimbursements for surgical procedures performed with a surgical catheter are available.
Normal Balloon Catheter Market Forecast - A normal balloon catheter consists of a catheter and a guidewire that are put into the femoral artery in the legs or the radial artery in the arms to treat restricted blood arteries. Through 2022, sales of normal balloon catheters in cardiac catheterization laboratories are predicted to grow at the quickest rate.
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