The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s catheters market report forecasts the catheters market size to grow to $39.18 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.
Learn More On The Catheters Market Report 2023 – https://www.thebusinessresearchcompany.com/report/catheters-global-market-report
Catheters Market Size Forecast
The global catheters market is expected to grow from $27.47 billion in 2022 to $28.11 billion in 2023 at a compound annual growth rate (CAGR) of 2.3%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The catheters market size is expected to grow to $39.18 billion in 2027 at a CAGR of 8.7%.
North America held the largest catheters market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Catheters Market Driver – Rise In The Prevalence Of Cardiovascular Disorders
For instance, according to the Center for Disease Control and Prevention, an American national public health agency, approximately 697,000 people in the US died from heart disease in 2020, which converted to almost 1 in 5 deaths. Thus, the rising prevalence of the cardiovascular disorder is expected to boost the catheter market.
Request for A Sample Of The Global Catheters Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5860&type=smp
Key Catheters Market Trend – Strategic Collaborations
Strategic collaborations between companies are a key trend that is gaining popularity in the catheter market. Companies in the catheter market are focusing on strategic collaborations to expand their research and development activities for innovative products and improve their market share in their respective markets. For instance, In April 2022, CEMMA, a China-based advanced medical equipment company, collaborated with LipoCoat. The collaboration aims at co-creation of a central venous catheter using the bioinspired LipoCoat coating technology for long-term infection prevention. LipoCoat is a Dutch biotech company that provides catheter products.
Catheters Market Segment
1) By Product: Cardiovascular Catheters, Neurovascular Catheters, Urology Catheters, Intravenous Catheters, Speciality Catheters
2) By Lumen: Single-lumen, Double-lumen, Triple-lumen
3) By End User: Hospitals & Clinics, Ambulatory Surgical Centres
Catheters Market Major Players and Strategies
Major players in the catheters market are 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.
In January 2022, VitalPath, a US-based manufacturer of custom, highly complex catheter solutions, acquired Modern Catheter Technologies for an undisclosed amount. Through this acquisition, customers of VitalPath had access to more knowledge in vital fields like neurovascular and electrophysiology, particularly in the use of microcatheters and peripheral vascular applications. Modern Catheter Technologies is aa US-based manufacturer of catheters.
The Catheters Global Market Report 2023 covers regional data on catheters market size, catheters market trends and drivers, opportunities, strategies, and catheters market competitor analysis. The countries covered in the catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
A catheter is a medical device that is used to remove urine or other liquids from the body. The catheters are used for different medical purposes, such as the administration of fluids, medications, or gases, or to drain fluids or urine from the body.
View More Reports Related To The Catheters Market –
Peripheral IV Catheters Global Market Report 2023
Intravascular Catheters Global Market Report 2023
Peripheral Vascular Devices And Equipment Global Market Report 2023
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
