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Catheter Market predicted to be valued $85.2 Billion by 2030: Grand View Research, Inc. | ||
By: PR Newswire Association LLC. - 23 Nov 2022 | Back to overview list |
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SAN FRANCISCO, Nov. 23, 2022 /PRNewswire/ -- The global catheter market size is anticipated to reach USD 85.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 6.5% from 2022 to 2030. A rise in the number of surgeries due to increasing chronic ailments including diabetes, urological disorders, cardiovascular disorders, critical renal diseases, and other chronic conditions is steering the adoption of catheters across the world. Key Industry Insights & Findings from the report:
Read 170-page full market research report with TOC, "Catheter Market Size, Share & Trends Analysis Report By Product Type (Cardiovascular, Urology, Intravenous, Neurovascular, Specialty Catheters), By Distribution Channel (Hospital Stores, Retail Stores), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research. Catheter Market Growth & Trends COVID-19 portrayed a positive impact on the global market. According to the National Center for Biotechnology Information (NCBI), during the early phase of the pandemic, the adoption of both Central Venous Catheters (CVC) and indwelling urinary catheters proliferated rapidly. Furthermore, several market players are introducing products such as coated urine catheters enabled with temperature monitoring for ICU patients. This provides robust protection against secondary infections, thereby creating growth opportunities for the market in the upcoming years. The increasing technological developments play are opportunistic for market growth. For instance, miniaturized catheters and the emergence of antimicrobial catheters to limit catheter-linked infections are favoring the market growth. Medtronic's MAHURKAR Chronic Carbothane catheter is made of Carbothane, facilitating a convenient single-insertion technique and ensuring exceptional kink resistance. The catheter can attain high flow rates with low venous and arterial pressures. The vendors in the global market are continually launching new products to expand their reach and achieve a higher market share. Also, international market players are relocating their production facilities to other countries in order to accomplish economies of scale. Additionally, numerous manufacturers in the industry are collaborating with key distributors of medical devices to supply and market their products globally or in specific countries. Catheter Market Segmentation Grand View Research has segmented the global catheter market based on product type, distribution channel, lumen, end-user, and region: Catheter Market - Product Type Outlook (Revenue, USD Million, 2018 - 2030)
Catheter Market - Lumen Outlook (Revenue, USD Million, 2018 - 2030)
Catheter Market - Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Catheter Market - End-user Outlook (Revenue, USD Million, 2018 - 2030)
Catheter Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)
List of Key Players in Catheter Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research's Medical Devices Industry Research Reports. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
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