The global Catheters Market Growth Accelerated by Increasing Demand From Cardiovascular Procedures

 Catheters find wide application in various cardiovascular procedures such as angioplasty, angiography and cardiac catheterization. Different types of catheters help in minimally invasive diagnosis and treatment of cardiovascular diseases. Catheter insertion procedures are gaining popularity due to advantages like reduced hospital stay, less pain and improved recovery time as compared to open-surgeries.

The global Catheters Market is estimated to be valued at US$ 54.68 Bn in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increasing demand for catheterization procedures from cardiovascular diseases is one of the key trends driving the growth of the global catheters market. Cardiovascular diseases have emerged as a leading cause of death globally. As per the World Health Organization (WHO), cardiovascular diseases accounted for over 17.9 million deaths in 2019, which is estimated to grow to over 23.6 million by 2030. Rising prevalence of cardiovascular disorders and the development of innovative catheter technologies are encouraging more physicians to adopt minimally invasive techniques like catheterization as the initial treatment approach. This is expected to drive the demand for various catheters over the forecast period.

Segment Analysis
The global catheters market is segmented based on product type, technology, end-users and regions. Based on product type, the market is divided into cardiovascular catheters, intravenous catheters, urological catheters, neurovascular catheters and specialty catheters. The cardiovascular catheters segment dominates the market owing to increased prevalence of cardiovascular diseases and rising number of minimally invasive surgeries.

Key Takeaways
The global catheters market is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2023 is estimated to be US$ 54.68 Bn and is expected to register a CAGR of 6.4% during the forecast period.

Regional analysis
North America holds the largest share of the global catheters market due to advanced healthcare facilities and favorable reimbursement policies in the region. The Asia Pacific region is expected to grow at the fastest pace during the forecast period backed by rising geriatric population, increasing incidence of lifestyle associated diseases and improving healthcare infrastructure in emerging APAC countries.

Key players
Key players operating in the catheters market are Medtronic, ConvaTec, Inc., Smith Medical (Smith Group Plc.), Boston Scientific Corporation, Hollister Incorporated, and Edwards Lifesciences Corporation. Medtronic dominates the catheters market owing to its wide product portfolio and strong geographic presence across the globe.

Comments

Post a Comment

Popular posts from this blog

Neuroendocrine Cancer is the fastest growing segment fueling the growth of Pituitary Cancer Market

Image
The pituitary cancer market comprises of medical treatment options for patients diagnosed with pituitary cancer. Pituitary cancers are rare tumors that start in the pituitary gland which is a pea-sized gland located at the base of the brain.  The global Pituitary Cancer Market is estimated to be valued at US$ 380.7 Mn in 2023 and is expected to exhibit a CAGR of 9.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.    Market key trends: One of the key trends fueling the growth of the pituitary cancer market is rising preference of targeted drug therapy over conventional chemotherapy. Targeted drug therapies mainly include somatostatin analogs and dopamine agonists which directly act on cancer cells and have less side effects compared to chemotherapy. These targeted drugs are effective in controlling symptoms and slowing tumor growth in patients with hormone secreting pituitary adenomas and carcinomas. The targe...
Read more

Enhancing Patient Care and Comfort: The Evolution of Hospital Beds

Image
  Hospital beds play a crucial role in patient care, providing comfort, safety, and functionality for individuals requiring medical attention. Over the years, advancements in technology and design have revolutionized hospital beds, leading to improved patient outcomes and caregiver efficiency. From basic adjustable beds to sophisticated models equipped with cutting-edge features, the evolution of hospital beds has transformed the healthcare landscape. Evolution of Hospital Beds: Historically, hospital beds were simple in design, primarily consisting of a metal frame with adjustable height and manual controls. However, as medical practices advanced and patient needs became more complex, the demand for more versatile and ergonomic hospital beds grew. In recent decades, significant strides have been made in the development of hospital bed technology. Modern hospital beds are designed with a focus on patient comfort, safety, and mobility. Features such as electronic controls, motorize...
Read more

Exploring the Frontiers of Healthcare: In Vitro Diagnostics (IVD)

Image
  In today's era of cutting-edge medical technology, the field of diagnostics plays a pivotal role in healthcare. Among the various diagnostic methods available, in vitro diagnostics (IVD) stands out as a cornerstone of modern medicine. IVD encompasses a wide range of tests performed on bodily fluids or tissue samples outside the body, providing valuable insights into a patient's health status and aiding in the diagnosis, treatment, and monitoring of diseases. From routine screenings to complex molecular analyses, IVD has revolutionized medical practice, paving the way for personalized and precise healthcare interventions. Understanding In Vitro Diagnostics : In vitro, Latin for "in glass," denotes tests conducted in a controlled laboratory setting, outside the living organism. In the context of diagnostics, this involves analyzing biological specimens such as blood, urine, saliva, and tissue samples collected from patients. IVD techniques utilize various analytical m...
Read more