The global catheters market size is expected to grow from $24.9 billion in 2021 to $27.32 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The global catheter market size is expected to grow to $34.92 billion in 2026 at a CAGR of 6.3%.
What is the Global Catheters Market?
The catheter market consists of sales of catheters by entities (organizations, sole traders, and partnerships) that refers to a tubular device for insertion into vessels, canals, passageways, body cavities. Catheters are usually used to permit injection or withdrawal of fluids or to keep a passage open. The catheters are used for different medical purposes such as administration of fluids, medications or gases, or to drain fluids or urine from the body.
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What drives the Global Catheters Market?
The rising prevalence of the cardiovascular disorder is driving the growth of the catheters market. Cardiac catheterization is a process in which a catheter is moved through a blood vessel to the heart for a better diagnosis of health conditions. The increase in the prevalence of cardiovascular diseases and the growing demand for cardiovascular treatment is expected to increase the demand for catheters. For instance, the prevalence of cardiovascular diseases doubled from 271 million in 1990 to 523 million in 2019, and the key reasons for the rising prevalence of cardiovascular disorders are an increase in life spans, socio-economic changes, acquisition of lifestyle-related risk factors, and others. Thus, the rising prevalence of the cardiovascular disorder is expected to boost the catheters market.
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Global Catheters Market Segments
The global catheters market is segmented:
By Product: Cardiovascular Catheters, Neurovascular Catheters, Urology Catheters, Intravenous Catheters, Specialty Catheters
By Lumen: Single-Lumen, Double-Lumen, Triple-Lumen
By End-User: Hospitals and Clinics, Ambulatory Surgical Centres
By Geography: The regions covered in the catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Catheters Global Market Report 2022provides market size and growth forecasts for the global catheters market, global catheters market share, catheters market segments and geographies, catheters market competitive landscape including leading competitors’ revenues, profiles and market shares. The catheters market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Catheters Industry Playersinclude Boston Scientific Corporation, Coloplast corporation, ConvaTec Group PLC, Edwards Lifesciences Corporation, Hollister, Johnson and Johnson, Coloplast, Medtronic plc, B. Braun Melsungen AG, Terumo Corporation, Lumend Corporation, Covidien Ag (Ireland), Acist Medical Systems, Cook Medical Inc., Dickinson and Company, Stryker Corporation, and Merit Medical Systems. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
