Global Demand for Catheters Market to Reach $44 Billion by 2026

Technological Advancements Combined with Increased Geriatric Population and Government Funding Propel the Demand for Catheters Global Market to Reach $44 Billion by 2026 – Market Research Report (2019-2026) by Industry Experts, Inc.
By: Industry Experts Inc.
LOS ANGELES - Feb. 20, 2020 - PRLog -- Industry Experts, Inc. released a global market research report on Catheters. The new report entitled "Catheters – A Global Market Overview" focuses on the market for Catheters types and the key end-use sectors. Asia-Pacific is projected to go faster at a CAGR of 7% during the analysis period 2019-2026, while North America is estimated the largest market with US$11 billion in 2019 followed by Europe with US$9.1 billion.

The major factors driving the growth of Catheters market include rising incidences of cardiovascular diseases, urinary related disorders, cancer, kidney failure, and others. Furthermore, technological advancement in catheterization procedures, significant increase in incontinence problems in geriatric population, increasing demand for sterile and disposable catheters, demand for minimal invasive surgical procedures, funding by various government organization and medical device manufacturing companies propel the growth of Catheters market.

Cornering an estimated share of 66.7% equating to US$19 billion in 2019, Hospital sector leads the global demand for Catheters, which is also projected to reach US$29.7 billion by 2026 with a fastest CAGR of 6.6% between 2019 and 2026. The overall Catheters market, globally, forecast to touch $30 billion in 2020.

The market for Catheters product types analyzed in this study include Cardiovascular Catheters, Specialty Catheters, Intravenous Catheters, Urology Catheters, and Neurovascular Catheters. These products' market is further drilled down by sub-types for Cardiovascular Catheters – Therapeutic Cardiovascular Catheters and Diagnostic Cardiovascular Catheters; Intravenous Catheters – Peripheral Intravenous Catheters and Central Intravenous Catheters; and Urology Catheters – Urinary Catheters and Dialysis Catheters. The report also explores the market for end-use sectors of Catheters comprising Hospitals, Ambulatory Surgery Centers, Dialysis Centers and Others.

This global Catheters market report includes 277 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report includes the brief business profiles of 29 key global players and 48 major players across the North America – 29; Europe – 12; and Asia-Pacific – 7. The report also provides the listing of the companies engaged in research & development, supply and distribution of Catheters. The global list covers the addresses, contact numbers and the website addresses of 109 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.

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