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The intravascular catheters market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!

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The Intravascular Catheters Market Size In 2022 And Forecast
The global intravascular catheters market is expected to grow from $5.29 billion in 2021 to $5.87 billion in 2022 at a compound annual growth rate (CAGR) of 10.92%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The intravascular catheters market is expected to grow to $9.15 billion in 2026 at a compound annual growth rate (CAGR) of 11.73%.

The intravascular catheters market consists of sales of intravascular catheters by entities (organizations, sole traders, and partnerships) that are used for the administration of fluids, medication, blood products, and nutrition, which typically goes into a large vein in the arm or chest.

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Rise In Hospitalization Rate Owing To The High Prevalence Of Chronic Diseases Is Driving The Growth Of The Intravascular Catheters Market
According to an estimation by a German healthcare company, Fresenius Medical Care, the number of people suffering from chronic kidney failure is expected to increase from 3.7 million patients in 2020 to 4.9 million by 2025. Therefore, the rising hospitalization rate owing to the high prevalence of chronic diseases is expected to propel the growth of the intravascular catheters market over the coming years.

Competitive Landscape And The Regional Analysis Of The Intravascular Catheters Market
Major players in the intravascular catheters market are Cook Medical, Smiths Medical, Edwards Life Sciences Corporation, Medtronic Inc, Johnson & Johnson, McKesson Medical Surgical Inc, Terumo Corporation, Abbott Laboratories Inc, Boston Scientific Corp, Getinge AB, Coloplast Corp, Cardinal Health, Conavi Medical, Infraredx Inc, BD, MAQUET Holding BV & Co KG, Vitality Medical, BBraun, Koninklijke Philips NV, Lumend Corporation, Covidien Ag, Acist Medical Systems, Biotronic SE & COKG, Biosense Webster Inc, Cordis, QX Medical and Teleflex Corporated.

Additionally, as per TBRC’s research – North America was the largest region in the intravascular catheters market in 2021 holding the largest market share and Asia Pacific is expected to be the fastest-growing region in the forecast period.

The Intravascular Catheters Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the intravascular catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the intravascular catheters market.

Product Innovations – A Key Trend In The Intravascular Catheters Market
Major players in the intravascular catheters market are focusing on innovation of new products with advanced features to strengthen their position.

Intravascular Catheters Market Segmentation By The Business Research Company

1) By Product: Short PIVC, Integrated/Closed PIVC

2) By Application: Oncology, Gastroenterology, Renal Disease, Infectious Diseases, Other Applications

3) By End-Use: Hospitals, Clinics, Ambulatory Surgical Center, Homecare

Here Are Some Reports Related To The Intravascular Catheters Market –

Catheters Global Market Report 2022

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Peripheral IV Catheters Global Market Report 2022

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