Global Catheters Market SWOT Analysis Of Top Key Player Forecasts To 2023

The Global Catheters Market is growing with the rapid pace; mainly due the burgeoning Healthcare Sector. According to a recent study report published by the Market Research Future, The global Catheters Market is booming and expected to gain prominence over the forecast period.

Global Catheters Market Information; by Product Type (Cardiovascular, Intravenous, Urology, Neurovascular and Specialty Catheters); by Material (Vinyl, Rubber, Silicone) – Forecast to 2023

Catheters are thin sterilized tubes which are inserted in the body for the purpose of drainage, administration of fluids or to access the organ by surgical instruments

The market for catheters is growing due to factors such as rise of diseases favoring catheter use such as cardiovascular disorders, diabetes etc. These diseases in turn are a result of rise in risk factors associated with these diseases such as smoking, drinking, sedentary lifestyles etc.

However product development is the most critical driver of the global catheters market. Product development has mostly focused on development of advanced materials such as silicone catheters and advanced polymer catheters such as poly vinyl chloride catheters. Another product development strategy includes film coated catheters. The film is composed of antimicrobial agents which restrain the growth of catheter induced infection. Another market driver is the favorable reimbursement scenario in the US.

The restraints include pain and swelling during insertion and withdrawal of catheters and the discomfort associated with its use. However the growth of hospital acquired infections due to catheter use is the strongest restraint of the catheters market.

Considering all these factors the market for catheters is expected to reach $ 21.24 billion by the end of 2023, this market is projected to growing at a CAGR of ~4.3 % during 2017-2023.

Segments:

The global catheters market is segmented on the basis of product type. Based on the product type, the market has been segmented as cardiovascular, intravenous, urology, neurovascular and specialty catheters. Based on the material, the market has been segmented as vinyl, rubber and silicone.

Key players of Global Catheters Market:

Key players profiled in the report are Johnson & Johnson, Becton Dickinson And Company, Medtronic, Inc., Boston Scientific Corporation, Abbott Laboratories, Bard Medical, B. Braun Melsungen AG, Edwards Lifesciences Corp., and Vascular Solutions, Inc. and others.

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Study objectives:

To provide detail analysis of the market structure along with estimated future growth forecast for the next 6 years about various segments and sub-segments of the global catheters market.

To provide insights about factors affecting the market growth.

To analyze the global catheters market based on various factors – price analysis, supply chain analysis, Porters Five Force Analysis etc.

To provide past and estimated future revenue of the market’s segments and sub-segments with respect to four main geographies and their countries – Americas, Europe, Asia-Pacific along with Middle East & Africa.

To provide country level analysis of the market with respect to the current market size and future growth prospect.

To provide country level analysis of the market’s segments which includes by product type and material.

To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies and drawing a competitive landscape of the market.

To track and analyze developments which are competitive in nature such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments currently taking place in the global catheters market.

Regional analysis

US accounts for the maximum market share due to favorable reimbursement scenario. Advancing technologies within the catheters segment such as advanced silicone and polymer material is also driving the market. However there is a definite shift of catheters market to Asia pacific region. The Asia Pacific region will be led by China and India.

The report for Global Catheters Market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions

Table of Content

  • INTRODUCTION    
  • RESEARCH METHODOLOGY
  • MARKET DYNAMICS
  • MARKET FACTOR ANALYSIS  
  • GLOBAL CATHETERS MARKET, BY PRODUCT TYPE
  • GLOBAL CATHETERS MARKET, BY MATERIAL
  • GLOBAL CATHETERS MARKET, BY REGION
  • COMPETITIVE LANDSCAPE
  • COMPANY PROFILE   
  • CONCLUSION

 

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