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Catheters Market Research Reports - Industry Analysis , Growth and Forecast To 2020

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Catheters market is expected to grow over the forecast period owing to the increasing prevalence of cardiovascular diseases and growing demand for minimally invasive medical procedures. The other growth drivers of this market are growing incidences
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Catheters Market Research Report - Global Industry Analysis, Size,
Growth, Share and Forecast to 2020: Hexa Research
Catheters market is expected to grow over the forecast period owing to the increasing
prevalence of cardiovascular diseases and growing demand for minimally invasive medical
procedures. The other growth drivers of this market are growing incidences of lifestyle induced
diseases such as obesity & diabetes, sophisticated healthcare infrastructure, increasing
population and awareness. These factors are expected to drive the market over the forecast
period. For the purpose of conducting therapeutic and diagnostic treatment, flexible and hollow
tubes are inserted into the body, which are referred as catheters. As per the recent report
published by WHO, by 2030, 25 million people will die due to prevalence of cardiovascular
disease. Cardiovascular disease includes hypertensive heart disease, stroke, ischemic heart
disease (IHD), aortic aneurysms, cardiomyopathy, rheumatic heart disease (RHD), congenital
heart disease, atrial fibrillation, peripheral artery disease (PAD) and endocarditis. Minimally
invasive surgeries are now more preferred than normal surgeries, as it has many advantages
attached to it, such as shorter duration of stay at hospital, shorter recovery duration, less risk of
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Hexa Research
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bleeding and infection, and scars length is short. Quick procedure duration and faster patient
recovery time are two important factors towards the rising demand of medical procedures. Over
the forecast period, growing demand of minimally invasive procedures in the emerging countries
like China and India is expected to fuel the future growth of this market. Over the upcoming
forecast period, catheter market is expected to grow at a CAGR of 9.7%. In 2013, the market
was valued at $ 24,380.3 million.
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Product Insights
Catheters market is segmented on the basis of types into urology, cardiovascular,
neurovascular, intravenous and specialty catheters. Among these, cardiovascular catheters held
the largest market share in 2013 due to high incidences of cardiovascular diseases, increasing
patient awareness and availability of high unmet medical demand in this segment. In 2013,
revenue share of this market was approximately 40.0%. Further, due to adaptation towards
minimally invasive interventional cardiology procedures and introduction of newly developed
product i.e. bio-absorbable stents, has increased demand of these catheters, and the market is
expected to grow nearby to CAGR of 16% over the upcoming five years. Market penetration
rate will significantly elevate, as bio-absorbable stents are at low re-stenosis rates. Bioabsorbable stents are used for removing blockage or expand the vessel by inserting a tube or
device into the blood vessel. Advantage of bio-absorbable stents is that it can absorb or
dissolved in the body after sometime of surgery, as compared to traditional stents. In terms of
revenue, catheters are following stents, as it holds 10.0% market stake due to the increasing
demand for angiography catheters. Heart related disorders such as blood vessel irregularities,
congenital heart defects and atherosclerosis are diagnosed with the help of angiography
catheters. A small incision is made in femoral artery, through which catheter is inserted and then
moved to actual sire.
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Regional Insights
Geographically, the catheters market is studied by segmenting the market into North America,
Europe, Asia Pacific and RoW. North America is dominating the whole market due to high per
capita healthcare expenditure, sophisticated healthcare infrastructure, rising disposable income,
various government or NGO’s initiatives, and increasing geriatric population. In 2013, North
America generated over 37% of revenue. The growing economies in Asia Pacific such as India
and China region are expected to witness lucrative growth during the forecast period due to the
rising healthcare expenditure, and awareness about the catheters. Asia Pacific region is
expected to grow at a CAGR of 13.5% over the forecast period.
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Competitive Insights
The major market players in the Catheters market are Abbott Laboratories, Boston Scientific
Corporation, Arrow International, Coloplast, Medtronic Inc., and Johnson & Johnson.
Table of Contents
Chapter 1. Executive Summary
1.1. Catheters - Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Catheters Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Catheters Market Dynamics
2.3.1. Market Driver Analysis
2.3.2. Market Restraint Analysis
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2.4. Key Opportunities Prioritized
2.5. Industry Analysis - Porter's
2.6. Catheters - Company Market Share Analysis, by Geography, 2013
2.6.1. North America
2.6.2. Europe
2.6.3. Asia Pacific
2.7. Catheters Market PESTEL Analysis, 2012
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports,
custom research and consulting services to a host of key industries across the globe. We offer
comprehensive business intelligence in the form of industry reports which help our clients obtain
clarity about their business environment and enable them to undertake strategic growth
initiatives.
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Website - http://www.hexaresearch.com/
Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
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