San Francisco, 13 February 2019: The Report Catheters Market Analysis By Product (Cardiovascular, Urology, Intravenous,
Neurovascular And Specialty Catheters) And Segment Forecasts To 2020
The global catheters market is expected to reach USD 46.05 billion by 2020, according
to a new report by Grand View Research. Key factors driving the market growth
include growing prevalence of obesity, diabetes and cardiovascular diseases and
rising demand for minimally invasive procedures. Introduction of advanced
catheters with improved efficacies and increasing number of minimally invasive
procedures in emerging Asian markets such as China and India are expected to
support the market growth.
Research improvements in clinical trials to
inhibit the growth of bio-film development on urinary catheter and introduction
of hydrophilic coatings for catheter based delivery systems is anticipated to
upsurge the demand of novel catheters for various surgical procedures.
Furthermore, growth in the global geriatric population, which is highly prone
to infectious diseases, is also expected to attribute towards the industry
growth.
Access Research Report of Catheters Market@ www.grandviewresearch.com/industry-analysis/catheters-market-analysis
Unhealthy lifestyle habits such as
excessive smoking, alcohol consumption and medical conditions like diabetes
that consequently widens the consumer base by facilitating the need for
catheter in surgical procedures, is anticipated to significantly boost the
usage rate.
Cardiovascular catheters is estimated to
account for the largest share in 2013 over 39.0% owing to the introduction of
technologically advanced devices and high acceptance of this catheter in
cardiac interventional procedures such as angiography and angioplasty.
However, specialty segment is expected to
witness significant gains with the CAGR over 12.0% during the forecast period
due to the presence of advance product portfolio that meet the needs of wide
spectrum of urological applications such as Foley catheter.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Europe is expected to account for nearly
40% of the global revenue generated in 2020 owing to the presence of favorable
government initiatives and a sophisticated healthcare infrastructure.
Asia Pacific is expected to witness the
highest growth at a CAGR of 14.3% over the forecast period owing to novel
products development and improving healthcare infrastructure in the region
during the forecast period.
Key players of the catheter market include
Boston Scentific Corporation, Abbott Laboratories, Johnson & Johnson, C.R
Bard, Convatech, Cure Medical, Stryker Corporation, and Covidien. Constant
research activities conducted in R&D departments and introduction of novel
products such as NC Euphora Noncomplaint Balloon Dilation and collaboration
with the International Diabetes Federation by Medtronic Inc, account for some
of key strategic initiatives implemented by the major players.
Access Press Release of
Catheters Market@ www.grandviewresearch.com/press-release/global-catheters-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment