According to the report, the global intravascular catheters market was approximately USD 3,555 million in 2018 and is expected to generate around USD 7,983 million by 2025, at a CAGR of around 12.3% between 2019 and 2025.
New York, NY, July 01, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Intravascular Catheters Market by Product (Short PIVC and Integrated/Closed PIVC), by Application (Oncology, Gastroenterology, Renal Disease, Infectious Diseases, and Others), and by End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Setting, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global intravascular catheters market was approximately USD 3,555 million in 2018 and is expected to generate around USD 7,983 million by 2025, at a CAGR of around 12.3% between 2019 and 2025.
Intravascular catheters are thin tubes made of medical grade, which are inserted in the body, especially in the veins to perform surgeries or treat infectious diseases. Basically, these tubes or medical devices allow the administration of gases, access to surgical instruments, and drainage along with performing various tasks depending on the patient’s condition. The growing use of catheters for various surgeries coupled with the mindfulness about hospital-acquired infections is likely to boost the global intravascular catheters market in the future. The global intravascular catheters market is driven by a growing number of ambulatory care centers, the rising rate of hospitalization due to growing incidences of chronic diseases, an increasing number of catheterization labs, and rising use of catheters in minimally invasive surgeries, diagnosis, and interventional procedures. However, inadequate quality assurance, expensive pricing, and restricted reimbursement scenario in many countries may hamper this global market.
Browse through 54 Tables & 30 Figures spread over 110 Pages and in-depth TOC on “Global Intravascular Catheters Market Share & Trends 2018: Industry Type, Size, Applications, Growth, Analysis, and Forecast to 2025”.
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On the basis of product, the intravascular catheters market is divided into integrated/closed PIVC and short PIVC. The short PIVC segment held a major market share in 2018, due to its various advantages, such as fewer infections associated with short peripheral intravenous catheters, rising incidences of neurological, cardiovascular, cancer, and gastroenterological diseases, especially in diagnostics and surgical interventions.
By application, the intravascular catheters market includes renal disease, oncology, infectious diseases, gastroenterology, and others. Infectious diseases are likely to register the highest CAGR in the future, due to the growing cases of infectious diseases like tuberculosis, HIV, and HPV. As per Avert, the UK-based AIDS and HIV charity, more than 37 million people are living with HIV globally.
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Based on end-user, the intravascular catheters market comprises clinics, homecare setting, hospitals, ambulatory surgical centers, and others. The hospital's segment is likely to hold a major share of the market in 2018, whereas the ambulatory surgical centers (ASC) segment is likely to witness the highest CAGR over the forecast time period.
The Asia Pacific region dominated the global intravascular catheters market, with almost 35% share, in 2018. This can be attributed to the rising incidences of infectious and renal diseases, cancer cases, urological problems, a growing number of inpatient and emergency room procedures, a large population base, economic developments in emerging countries of China and India, and favorable government initiatives.
Browse the full “Intravascular Catheters Market by Product (Short PIVC and Integrated/Closed PIVC), by Application (Oncology, Gastroenterology, Renal Disease, Infectious Diseases, and Others), and by End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare Setting, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/intravascular-catheters-market
Latin America and the Middle Eastern and African regions are likely to register good CAGR in the years ahead. Some key factors responsible for the intravascular catheters market growth in these regions include rising prevalence of cardiovascular diseases and other anomalies, especially in low- and middle-income countries, increasing healthcare expenditure, continuously improving healthcare infrastructure, and the presence of high unmet medical needs.
North America is a developed region for intravascular catheters market and is likely to grow moderately in the years ahead. This can be due to the growing prevalence of hospital-acquired infections, rising cases of chronic diseases and other lifestyle-acquired diseases, and rapid adoption of innovative technologies like antimicrobial coating catheters, intravascular imaging catheters and other medical devices with improved features.
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The European intravascular catheters market is likely to show moderate growth over the estimated timeline, owing to the increasing aging population base and growing investments for developing healthcare infrastructure.
Some leading players of the global intravascular catheters market include Coloplast, Smiths Medical, Cook Medical, Medtronic, C.R. Bard, Terumo Corporation, McKesson Medical-Surgical, Boston Scientific Corporation, Johnson & Johnson, and Edwards Lifesciences.
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This report segments the global intravascular catheters market into:
Global Intravascular Catheters Market: By Product
Global Intravascular Catheters Market: By Application
Global Intravascular Catheters Market: By End-User
Global Intravascular Catheters Market: By Region
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