Catheters Market to Reach $19.97 Bn, Globally, by 2025 at 8.0% CAGR: Allied Market Research

PORTLAND, Oregon, Sept. 17, 2019 /PRNewswire/ -- Allied Market Research published a report, titled, "Catheters Market by Product (Cardiovascular Catheters, Neurovascular Catheters, Urological Catheters, Intravenous Catheters, Specialty Catheters): Global Opportunity Analysis and Industry Forecast, 2018–2025." The report offers an extensive analysis of key winning strategies, changing market dynamics, market size & projections, impacting factors, and competitive landscape. According to the report, the global catheters market garnered $10.70 billion in 2017 and is expected to reach $19.97 billion by 2025, growing at a CAGR of 8.0% from 2018 to 2025. 

Increase in demand for minimally invasive procedures, rise in prevalence of cardiovascular and urological diseases, and surge in geriatric population drive the growth in the market. However, increase in Catheter-associated Urinary Tract Infections (CAUTI) and inadequate quality assurance hinder the market growth. On the other hand, untapped potential in emerging economies create new opportunities in the industry.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/577

Cardiovascular catheters to maintain its lead position by 2025

Cardiovascular catheters held the major share in 2017, accounting for more than half of the total market share and is estimated to maintain its lead position by 2025. This is due to significant rise in cardiovascular diseases and surge in demand for minimal invasive surgeries across the globe. However, the urological catheters segment is expected to register the highest growth rate with a CAGR of 9.0% from 2018 to 2025, owing to increase in incontinence related issues accompanied with significant rise in geriatric population across the world. The research also analyzes neurovascular catheters, intravenous catheters, and specialty catheters.

North America maintain its dominating position in terms of revenue by 2025

North America contributed nearly two-fifths of the total market share in 2017 and will maintain its dominating position by 2025. This is due to huge increase in prevalence of cardiovascular and urological diseases, rise in prevalence of hospital acquired infections (HAIs), and other lifestyle-related diseases in the region. LAMEA is expected to grow at the highest rate, registering a CAGR of 10.7% from 2018 to 2025, owing to upsurge in healthcare expenditure, advanced healthcare infrastructure, and increase in medical tourism.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/577

Leading market players

Leading market players active in the industry include Abbott Laboratories, Boston Scientific Corporation, Becton Dickinson And Company, Cook Medical, Stryker Corporation, Teleflex Incorporated, B. Braun Melsungen AG, Medtronic, Inc., Johnson & Johnson, and Edwards Lifesciences Corp. They have adopted various strategies including expansions, mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry.

Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree

Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.

Similar Reports:

Intermittent Catheters Market: Global Opportunity Analysis and Industry Forecast, 2016 - 2023

Urinary Self-Catheters Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg