Pune, 13, Dec, 2022: The report analysed by Maximize Market Research, the global medical devices market research firm. Catheters Market covers an extensive competitive and pricing analysis in the report. Europe is expected to witness significant growth according to the report. During the Forecast period, the report expects the market to grow from USD 19.73 Billion in 2021 to USD 39.54 Billion in 2029 at a CAGR of 9.08 percent.
Catheters Market Scope and Research Methodology
The report is a detailed analysis of the catheters market equipped with regional, competitive and segment-wise research of the market. Key players in the market are studied to understand the market share and size. For the regional analysis, players at the local, regional and global levels are analysed for a clearer understanding of the market penetration and structure. Pricing and demand analysis is carried out to help clients plan out future strategies for their businesses. An in-depth analysis of the drivers, restraints, challenges and opportunities prevailing in the catheters market is carried out to understand the factors affecting the market.
For the competitive landscape of the catheters market, major players along with new entrants are taken as a sample. Listed companies are studied by region, revenue, financial status, portfolio, technological advancements adopted, social media presence, mergers and acquisitions, joint venture and strategic alliances. It helps clients identify competitors in the industry and understand different strategies practised by them. Segment-wise analysis of the catheters market by Product, Distribution Channel, End-User and Region gives a picture of products offered and their share in the market along with factors affecting their growth or decline.
The bottom-up approach was used to validate the market size by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT analysis was conducted to provide the strengths and weaknesses of the Catheters Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Catheters Market. Thus the report can prove to be a guide to stakeholders, new entrants, investors and market followers in strategic decision-making related to product development, organisational change, workforce planning and investment planning.
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Catheters Market Overview
A catheter is a flexible tube that is inserted in the body to carry fluids in or out of the body. The catheters have several uses. It is made up of medical-grade plastics, latex or silicone rubbers. In cases of low pee retention, doctors put the catheter into the bladder to ease the flow of urine. It is also used to provide blood to patients in need that are connected to a vein. There are several types of catheters such as an external catheter, foley catheters, intermittent catheters and suprapubic catheters.
Catheters Market Dynamics
Chronic illnesses are on the rise such as cardiovascular, urologic and neurological conditions. This is resulting in morbidity and high mortality rates. Changing lifestyles, lack of physical exercise and alcohol and substance abuse have resulted in increased mental disorders and conditions like diabetes, high blood pressure and other conditions. Side effects of such illnesses include kidney failure. Other kidney problems include urinary tract infections, glomerulonephritis, polycystic kidney disease, lupus, and other kidney abnormalities. With such illnesses on the rise, the demand for Catheters Market is expected to rise over the forecast period.
People with chronic illnesses have a low immunity system that makes them more susceptible to infections caused by the use of catheters. Catheter-associated urinary tract infections are frequent along with infections of the bloodstream caused by central lines. To reduce this risk, manufacturers are producing antimicrobial catheters. Such advancements in the Catheters Market are expected to increase the demand for the market.
Catheters Market Regional Insights
The North American region held the largest market share in 2021. The region is ridden with people ill with chronic diseases which are driving innovations in the regional market to provide efficient and better features to the patients. The region is also known to have a developed medical equipment market. The region has a robust medical infrastructure and skilled workers along with government support. An additional factor contributing to the growth of the regional Catheters Market is the massive funding for research and development.
Catheters Market Segmentation
- Specialty Catheters
By Distribution Channel:
- Ambulatory Surgical Centers
- Long-term Care Facilities
Catheters Market Key Manufacturers include:
- Abbott Laboratories
- Arrow International Inc. (Teleflex Inc.)
- B. Braun Melsungen
- Boston Scientific Corporation
- C.R Bard
- Cure Medical
- Edwards Life Sciences Corporation
- Hollister Incorporated
- Johnson & Johnson
- Manfred Sauer
- Medtronic Inc.
- Smiths Medical
- Wellspect Healthcare
- Terumo Corporation
- Becton, Dickinson and Company
- Cook Medical
Key questions answered in the Catheters Market are:
- What are Catheters?
- What is the current growth rate of the Catheters Market?
- What is the growth rate of Catheters Market for the forecast period?
- What is the nature of competition in Catheters industry in developed and developing economies?
- Who are the key players in the Catheters Market?
- Who are the market leaders in Catheters in Europe?
- Who are the market leaders in Catheters in USA and Canada?
- Who are the market leaders in Catheters Market in India, China, Japan and South Korea?
- What are the factors affecting growth in the Catheters Market?
- Who held the largest market share in Catheters Market?
- What are the factors for the growth of Asia-Pacific region in Catheters Market?
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- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Product, Distribution Channel, End-User and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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