According to IMARC Group’s latest report, titled “Catheters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 17.7 Billion in 2020. A catheter is a thin tube used to deliver liquids and medicines into the patient’s body. It is inserted into the body for diagnostic, therapeutic, and surgical purposes. Catheters are used in acute care facilities to manage and monitor the drainage of bodily fluids, such as urine, during surgery and recovery. Catheters are made using medical-grade materials, such as silicone rubber, nylon, latex, and polyvinyl chloride (PVC). Currently, they are witnessing huge demand for the treatment of various urological, neurovascular, and cardiovascular disorders.
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The shifting preference toward minimally invasive procedures is one of the key factors driving the market growth. In addition to this, the rising geriatric population and the surging prevalence of urological disorders and cardiovascular diseases are providing an impetus to the market growth. Besides this, the rising number of product approvals, increasing consumer expenditure power, and the development of new catheters by key manufacturers are creating a positive outlook for the market. Looking forward, IMARC Group expects the catheters market to grow at a CAGR of around 7% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Abbott Laboratories
- Braun Melsungen AG
- Becton Dickinson and Company
- Boston Scientific Corporation
- Coloplast Corporation
- ConvaTec Group PLC
- Edwards Lifesciences Corporation
- Hollister Incorporated
- Johnson & Johnson
- Medtronic plc
- Stryker Corporation
- Teleflex Incorporated.
Market Segmentation:
Breakup by Product Type:
- Cardiovascular Catheters
- Urology Catheters
- Intravenous Catheters
- Neurovascular Catheters
- Specialty Catheters
- Others
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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