The
report states that the global catheters market was valued at US$20.4
billion in 2011 and is expected to reach US$33.3 billion in 2017,
growing at a CAGR of 8.5% from 2011 to 2017.
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Catheters Market Report with Full TOC at
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As
millions of people are being diagnosed with cardiovascular, urinary,
and other diseases that demand incision procedures, it is fuelling
the global catheter market. Obesity is another factor influencing the
increasing application of the global catheter market, as it often
leads to coronary diseases. Statistics showed there were around 43
million children below the age of five who were overweight n 2010.
This number is only likely to increase as we continue making poor
lifestyle choices and lead extremely stressful lives.
The
global catheters market is segmented as per types and geographies.
The type segment is inclusive of cardiovascular catheters,
neurovascular catheters, intravenous catheters, urological catheters,
and specialty catheters. Geographically, the global catheters market
is segmented on the basis of North America, Europe, Asia Pacific,
China, and Rest of the World. The biggest market share in the global
catheters market is held by the cardiovascular catheter segment. As
of 2011, it held about 40% of the entire market.
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The
cardiovascular catheter is further sub-segmented into interventional,
percutaneous coronary artery (PTCA), arthectomy, ablation
electrophysiology, diagnostic, cardiac angiography, and peripheral
angiography. This segment is witnessing a huge demand due to
technological advancements to improve the operation and catheter
insertion ability by making the procedure simple. The new and
improved catheters are reducing the errors, which are also motivating
doctors to adopt these devices.
The
second largest segment in the global catheters market is the
specialty catheter segment. However, the urological catheter market
is showing signs of growth at a CAGR of 11.1% from 2010 to 2017. The
growth in the urological catheter market is attributable to
increasing occurrences of urological problems and aging population
across the globe. The primary growth drivers for the urological
catheters market are good quality of devices and advanced
catheterization methods. Developing better catheters that reduce the
risk of infection, increasing the durability of these devices, and
cutting down on malfunction rate are some incredible opportunities
for manufacturers to work on.
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Press Release Catheters Market
http://www.transparencymarketresearch.com/pressrelease/catheters-market.htm
The
global catheter market is expected to witness further rise as more
and more manufacturers are shifting towards materials such as
polyurethane/polycarbonate derivatives like carbothane. Materials
such as these offer greater strength while maintaining high degrees
of softness for the patient’s comfort, minimal invasion, and bigger
internal diameter. Addressing catheter-related issues such as
thrombosis by designing advanced devices will largely determine the
future of the global catheter market.
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