Rise in Geriatric Population to Propel Demand in Global Catheters Market

Published Date : Feb 21, 2018

ALBANY, New York, February 21, 2018 – An intelligence report on the global sterile injectable drugs market has been added to the portfolio of MarketResearchReports.biz. It is titled, “Catheters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025.” Rise in geriatric population, improvement in reimbursement policies, rise in demand for technologically advanced catheters are among the leading factors boosting the demand for global catheters market. Some of the key trends in the market are technological advancements with respect to urinary catheters, rise in mergers and acquisitions, and steady investments in research and development activities.

The rate of utilization of catheters has increased at a promising pace in the past couple of years and these gadgets have turned into a basic component of treatment and reports of an extensive variety of disarranges. The increased prevalence of urological, cardiovascular, neurological, and chronic conditions alongside the growing pool of geriatrics – a demographic which regularly experiences incontinence or inabilities that breaking point their engine aptitudes – are on the whole adding to the demand for catheters of differed shapes.

Huge progressions in the domain and the simple accessibility of advanced, non-obtrusive types of catheters all over the world, along with rise in demand for minimally invasive strategies are additionally expected to be helpful for the global catheters market in the next couple of years. Factors, for example, rising disposable income, betterment of healthcare policies, and increased use of medical services, particularly across developing economies, are likewise anticipated to support the development of the market in coming years, positively.

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On the basis of product type the global catheters market is divided into urology catheters, cardiovascular catheters, intravenous catheters, specialty catheters, and neurovascular catheters. The cardiovascular section is sub-segmented into PTCA balloon catheters, electrophysiology catheters, PTA balloon catheters, IVUS catheters, and so on. The cardiovascular catheters segment is further divided into guiding catheters, angiography catheters, and pulmonary artery catheters.  The urology catheter section is also divided further into peritoneal catheters, hemodialysis catheters, intermittent catheters foley catheters, and external catheters. Moreover, the intravenous catheters segment is segregated into midline peripheral catheters, peripheral catheters, and central venous catheters.

Based on geography, the market in North America led the global catheters market is terms of revenue in year 2016 and is expected to rule the market amid forecast period as well. Factors, for example, a better healthcare infrastructure, high per-capita income on healthcare, a huge pool of patients suffering from a variety of chronic illnesses, strong therapeutic activities approaches by government and additionally private players, and rising quantities of catheterization methodology will support the unfaltering development of the catheters market in the regional market. Moreover, based on the current situation, the market in Europe will likewise turn out to be exceedingly encouraging in coming years.

The vendor landscape of the catheters market mirrors a much consolidated scenario, wherein big businessmen hold predominant spots and small and medium-sized organizations are left with a fewer chances to grow. In spite of this consolidation, the level of competition is high and organizations are anticipated to focus on the advancement of inventive items, development scope across the lucrative markets in the region, and collaboration scopes, through creative marketing procedures to fortify their position on the market.

Becton, Abbott Laboratories, Dickinson and Company, C. R. Bard, Inc., B. Braun Melsungen AG, Medtronic plc, Teleflex Incorporated, Boston Scientific Corporation, Cook Group Incorporated, and JOHNSON & JOHNSON are among the leading firms dominating the global catheters market.

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