Intravascular Catheters Market Forecast and CAGR
According to the latest research by Fact. MR., the intravascular catheters market is set to witness steady growth during 2021-2031. Demand for intravascular catheters expects to witness steady recovery in the short term, with an optimistic growth outlook in the long run. The growing advancement for the snoring treatment devices industry will offer lucrative opportunities in near future.
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What is driving the Demand for the Intravascular Catheters Market?
The intravascular catheter market is expected to show significant growth due to the rising prevalence of urological diseases and cardiovascular diseases. Furthermore, the rapid technological improvement in the intravascular catheter and the growing number of catheterization labs is also boosting the intravascular catheter market growth.
The demand within the global intravascular catheters market has been rising on account of advancements in the field of medical diagnostics, treatment, and testing. Several new technologies related to arterial health have come to the fore in recent times.
The intravascular catheter is one such technology that can be used for a variety of functions related to arterial health. Intravascular catheter adoption for measuring pH in children has played a significant role in the growth of the global intravascular catheter market. In addition, the presence of a seamless industry for healthcare diagnostics and treatment has created ripples across the global intravascular catheter market.
Technological advancements to drive Intravascular Catheters Demand
The use of intravascular catheters for measuring blood pressure, pH, and other health parameters in children is one of the major advancement in the intravascular catheters market. Diseases related to the urinary bladder and neurology are also treated with the help of intravascular catheters. Hence, the global intravascular catheters market is projected to grow at a significant rate in the forecast period. There have been key advancements in the domain of cardiac treatments which has also played an underhanded role in the growth of the global intravascular catheters market.
The US and Canada Intravascular Catheters Market Outlook
U.S. and Canada are expected to have a major share in the intravascular catheters market during the forecast period due to the rising incidence of renal diseases and cardiovascular diseases in the region. In the United States, someone has a heart attack every 40 seconds. Every year, about 805,000 Americans have a heart attack. Furthermore, the technological advancement and presence of major players are expected to drive the demand for intravascular catheters in the region.
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Europe Demand Outlook for Intravascular Catheters Market
The market for intravascular catheters due to the presence of well-established healthcare infrastructure in the region. The increasing prevalence of infectious disorders, renal diseases, oncological disorders, and other urological problems and rising emergency room procedures and inpatient helps in increasing the use of intravascular catheters.
The European intravascular catheters market showed a significant amount of growth. According to the Office for National Statistics published in 2018, the number of new cancer diagnoses in the U.K. increased from 303,135 in 2016 to 305,683 in 2017. The higher rates of new cancer diagnoses are expected to drive the demand for minimally invasive methods, which in turn is likely to boost the intravascular catheters market growth.
Who are the key players in the Intravascular Catheters Market?
Some of the key players of intravascular catheters include
- Johnson & Johnson
- Boston Scientific Corporation
- Edwards Life Sciences Corporation
- Cook Medical
- Getinge AB
- McKesson Medical Surgical Inc.
- Smiths Medical
- Terumo Corporation
These industry leaders are adopting innovative technologies to furnish the unmet needs of the consumers. Major players in the market are involved in strategic collaborations and acquisitions to sustain their position in the global intravascular catheters market. For instance, Edwards Lifesciences Corporation in march 2019, had announced the acquisition of Corvia Medical, Inc., and in April 2019, the company completed the acquisition of CAS Medical Systems, Inc.
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By Product Type
- Integrated/Closed PIVC Catheters
- Short PIVC Catheters
- Renal Disease
- Gastrointestinal Diseases
- Infectious Diseases
- Other Disease
- Ambulatory Surgical Centers
- North America
- Latin America
- Rest of Latin America
- The U.K.
- Rest of Latin America
- East Asia
- South Korea
- South Asia
- Rest of South Asia
- New Zealand
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of the Middle East
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