Catheter Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters); Distribution Channel (Hospital Stores, Retail Stores, Others); End User (Hospitals, Long-term Care Facilities, Diagnostic Imaging Centers, Others) and Geography
Catheters are thin tubes made of medical-grade materials including plastic, silicon rubber, polyvinyl chloride (PVC), and nylon that are put into the body of a patient for therapeutic and diagnostic purposes. Catheterization is a major co-procedure conducted with a variety of other medical procedures such as, cardiac electrophysiology, angioplasty and neurosurgery where catheters are employed. Cardiovascular catheters, neurovascular catheters, urinary catheters, intravenous catheters, and specialized catheters are some of the catheters available on the market. Furthermore, cardiovascular catheters are the most commonly used of the aforementioned catheters.
The "Global Catheter Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the catheter market with detailed market segmentation by product type, distribution channel and end user. The report provides key statistics on the market status of the leading catheter market players and offers key trends and opportunities in the market.
Based on product type the market is segmented as, cardiovascular catheters, urology catheters, intravenous catheters, neurovascular catheters and specialty catheters.
Based on distribution channel the market is segmented as, hospital stores, retail stores and others.
Based on end user the market is segmented as, hospitals, long-term care facilities, diagnostic imaging centers and others.
MARKET DYNAMICS Drivers:
Increase in prevalence of urinary bladder disorders and cardiovascular disorders.
Risining geriatric population across the globe along with surge in demand for minimally invasive surgeries.
Technological advancements in catheter systems is also expected to fuel market growth.
Whereas, availabity of substitutes along ,risk of adverse effects with catheter and product issues are expected to hamper market growth during the forecast period.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The catheter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the catheter market in these regions.
IMPACT OF COVID-19 ON CATHETER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report covers key developments in the catheter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from catheter market are anticipated to lucrative growth opportunities in the future with the rising demand for catheter in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the catheter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
B. Braun Melsungen AG
Edwards Lifesciences Corporation
Becton, Dickinson and Company
Boston Scientific Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
4.B. Braun Melsungen AG
5.Edwards Lifesciences Corporation
8.Becton, Dickinson and Company
9.Boston Scientific Corporation