Catheter is a type of medical
device which is a thin tube made from the high-graded material. Cather is used
in the healthcare industry for delivering gases or fluids, medications to the
patients. It is also used for exhausting bodily liquids like urine. It is
inserted in the patient’s body for therapeutic & diagnostic purposes. Some
side-effects are included fever, cloudy urine due to pus, headache,
foul-smelling urine and burning of the urethra or genital area etc.
According to study, “Catheters
Market Information, By Type (Cardiovascular Catheters, Specialty Catheters,
Intravenous Catheters, Urinary Catheters, Neurological Catheters), By End Users
(Hospitals & Clinics, Ambulatory Surgical Centers, and others)- Global
Forecast till 2023” some of the major companies that are currently
working in the global catheters market are Medtronic plc, Becton, Dickinson and
Company, B. Braun Melsungen AG, Koninklijke Philips N.V, Boston Scientific
Corporation, Abbott Laboratories, Johnson & Johnson, Stryker Corporation,
Convatec Corp., Hollister Inc., ACIST Medical Systems, Terumo Corporation, Cure
Medical LLC., Teleflex Incorporated, Edwards Lifesciences Corporation, Manfred
Sauer GmbH, Wellspect Healthcare GmbH, Cook Medical Inc., Smiths Medical Inc.,
Covidien AG, Coloplast Corp., LuMend Corporation.
Based on product type, global
catheters market is segmented into urology catheters, cardiovascular catheters,
intravenous catheters, specialty catheters and neurovascular catheters. Urology
catheters are further sub-segmented into peritoneal catheters, hemodialysis
catheters, intermittent catheters, foley catheters and external catheters.
Cardiovascular catheters are further sub-segmented into Percutaneous
Transluminal Coronary Angioplasty (PTCA) balloon catheters, electrophysiology
catheters, PTA balloon catheters, Intravascular Ultrasound (IVUS) catheters and
others. Intravenous catheters are further sub-segmented into midline peripheral
catheters, peripheral venous catheters (short catheters & integrated
catheters) and central venous catheters. In addition, specialty catheters are
further sub-segmented into oximetry catheters, wound/surgical catheters,
Intrauterine Insemination (IUI) catheters and thermodilution catheters. Based
on material, market is segmented into plastic, polyvinyl chloride (PVC),
silicon rubber, and nylon. Based on distribution channel, market is segmented
into retail stores, hospital stores and others (online stores). Additionally,
based on end-use, market is segmented into ambulatory surgical centers and
hospitals & clinics etc.
The catheters market is driven by
rise in demand for the antimicrobial catheters, followed by growth in usage of
the advanced materials in the catheters, increase in prevalence of
cardiovascular, neurology, and urology disorders, rise in medical tourism,
growth in frequency of minimally invasive procedures, increase in geriatric
population and rapid adoption of innovative technologies such as intravascular
imaging catheters. However, presence of the substitutes, inadequate quality
assurance and risk of infection may impact the market. Moreover, new
advancements in catheterization devices and increase in reimbursement levels
are some key opportunities for market.
Based on geography, the
North-American region holds major share in catheters market owing to the
presence of multi-national manufacturers, followed by sophisticated healthcare
infrastructure along with high product awareness levels in the region.
Asia-Pacific region is expected to hold significant share due to favorable
government policies and growth in product launches & approvals over the
forecast period. The market is anticipated to grow at the CAGR of 6.14% during
the forecast period and is expected to reach US $49,731.9 million by 2023.
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