Catheter Market By Deployment, Capability, Equipment and End User Analysis by 2027
Catheters are well-known for their application in the treatment of urinary and kidney-related renal health conditions. They are extensively used to release urinary retention for patients with kidney-related ailments or as a substitute for urination for bed-ridden patients. A higher propensity for minimally invasive procedures is expected to steer the global catheter market toward maturity. The rapidly growing geriatric population and the prevalence of several urinary disorders and renal diseases are also expected to contribute toward the expansion of the catheter market. Moreover, several leading market players are dedicating R&D budgets to enhancing the adoption of catheters. Over the forecast period, all these factors are collectively expected to assist in the expansion of the global catheter market.
𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗚𝗲𝘁 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗥𝗲𝗽𝗼𝗿𝘁:- https://www.fairfieldmarketresearch.com/report/catheter-market/request-sample
Chronic Health Conditions to Create Sustained Demand in Market
Chronic diseases are quickly becoming a concerning trend within the healthcare domain.
They are becoming one of the leading causes of fatality across the world. According to the World Health Organisation (WHO), there were 17.9 million fatalities across the globe due to cardiovascular illnesses in 2019, almost 32% of total deaths registered in the year. Such a massive increase in deaths due to cardiovascular diseases has led to a changed consumer mindset. A growing number of patients are seeking hospital-based surgical interventions such as angioplasty which require the usage of catheters. Furthermore, the prevalence of several neurological and urological illnesses is also growing, surging the demand for catheters as they are an essential requirement during such treatments.
Global Catheter Market is Segmented as Below:
By Type
- Cardiovascular Catheters
- Urological Catheters
- Indwelling/Foley Catheters
- Intermittent Catheters
- External Catheters
- Hemodialysis catheters
- Peritoneal dialysis catheters
- Intravenous Catheters
- Peripherally inserted central catheters
- Non-tunneled central catheters
- Skin-tunneled central catheters
- Implantable ports
- Neurovascular Catheters
- Specialty Catheters
By End-User
- Hospitals
- Long-term Care Facilities
- Diagnostic Imaging Centers
- Other End Users
By Region
- North America
- Europe
- Asia Pacific
- LAMEA
Urology Catheters to Play Pivotal Role in Global Catheter Market Growth
The global demand for catheters is majorly driven by urology catheters which are used while treating urinary disorders. Catheters allow the smooth release of urine among patients who have difficulty during urination. Moreover, the growing incidence of urine incontinence, along with the increasing number of surgical procedures, is fuelling the demand for urology catheters. During the COVID-19 pandemic, the catheter market was disrupted as usage of catheters witnessed an exponential increase. As the pandemic is gradually phasing out, the demand for urology catheters is predicted to revert to pre-pandemic periods. However, several antimicrobial catheters and minimally invasive products are expected positively influence growth in the global catheter market. Such developments are poised to create substantial growth possibilities in the global catheter market in the upcoming years.
A Growing Number of Cardiovascular Disorders Puts North America at Foremost Position
The alarming increase in cardiovascular diseases and demand for minimally invasive surgeries is set to enrich the business landscape for catheters in North America, making it the key catheter market. Approval from healthcare regulatory bodies, the concentration of key market players, and the presence of robust healthcare infrastructure is expected to further contribute toward expanding this region’s catheter market. In the coming years, an increase in urinary bladder infections, kidney failures, and chronic diseases, coupled with a growing geriatric population, is anticipated to steer North America’s catheter market toward robust maturity.
Major Market Players
Some of the most prominent players in the global catheter market include Medtronic, Abbott, Edwards Lifesciences Corporation, Teleflex Incorporated, B. Braun Melsungen AG, Becton, Dickinson, and Company, ConvaTec Group, Hollister Incorporated, Coloplast, Johnson & Johnson Services, Terumo Corporation, Boston Scientific Corporation, Stryker, Cook Medical, Merit Medical Systems, amg International GmbH, Alvimedica, Medinol, and Simeks Tibbi Ürünler, and Amsino International.
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