Globally, millions of people suffer from cardiovascular, urinary and other such diseases, which require incision procedures. Such procedures involve various medical devices including catheter. Catheter can be inserted into a body cavity, duct or vessel to allow drainage or administration of fluid or gasses.
Albany, NY -- (SBWIRE) -- 08/17/2016 -- Rakhi Watte The study on the global catheters market enumerates and analyzes the various factors that influence this industry from all angles. Catheters are increasingly being employed in minimally invasive surgeries. Considering that the numbers of such surgeries are rising, the study estimates that the global catheters market will also register a moderately healthy growth rate from 2010 through 2017, which is the forecast period of this report.
The research drills down to the primary and secondary levels of the various segments within the global catheters market, and the high level of analyses will prove useful to research and development companies, catheter manufacturers, service providers, and marketing companies within this domain. The data and analysis contained in this report will help these stakeholders create financial models, analyze the competitive dynamics, and assess their own strengths, weaknesses, opportunities and threats in comparison to their contemporaries. Overall, this study endeavors to offer its readers a competitive edge. In addition, the research report also takes into account the catheters market in China separately. This provides an even greater degree of clarity to industry players.
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Overview of the Global and China Catheters Market
According to the findings of this report, the global catheters market stood at US$20.4 billion as of 2011. Based on the estimates of our analysts, this market will likely be worth US$33.3 billion by 2017, registering a healthy CAGR of 8.5% between 2011 and 2017.
The report also finds that in 2011, the segment of cardiovascular catheters led the market by product type. The cardiovascular catheters segment was valued at US$8.3 billion as of 2011. The market also studies the various geographical regions to assess where future opportunities lie. A study of the key geographical markets of North America, Europe, Asia Pacific, China, and Rest of the World reveals that in 2011, North America ranked as the largest regional market for catheters, with a 44.3% share of the global market. By 2016, this situation would have changed, with Europe slated to be the leading region in the global catheters market by the end of 2016.
The report attributes the growth of the overall catheters market to a growing number of minimally invasive surgeries, especially for cardiovascular diseases, diabetes, and diseases related to the urinary tract (such as urinary bladder cancer). Procedures involved in the diagnosis and treatment of these conditions entail the use of catheters, which explains the growing demand for these medical consumables.
However, the catheters market will also have to contend with a few negatives such as the prevalence of infections associated with the use of catheters. If not diagnosed and treated on time, nosocomial infections could turn life-threatening. Yet, this is also where the opportunity lies for the catheter market. Companies need to focus on developing products that mitigate the problems associated with conventional catheters.
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The report also estimates that in addition to Europe, the markets of India and China will create ample opportunities for the growth of the catheters market. The report also provides recommendations that will help players make the most of the opportunities in this industry.
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