Catheters Market trends research and projections for 2016 – 2024

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Catheters Market size to exceed 73 bn by 2024
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Catheters Market

• Global catheters market was valued at USD 29.4
  billion in 2015, and projected to reach USD 73.7
  billion by 2024, at an estimated 11 CAGR from
  2016 to 2024.
• Growing demand for minimally invasive surgeries
  is one of the key growth drivers for industry
  growth. Technology innovations aimed at enhancing
  healthcare practitioners efficiency in terms of
  flexibility and maneuverability should catapult
  the industry size.
• Cardiovascular segment grabbed the largest share
  contributing to 38 of industry revenue. The
  increased prevalence of cardiovascular diseases
  will positively impact the demand for
  cardiovascular catheters.
• Europe catheters market size will surpass North
  America during the forecast timeline to exceed 28
  billion by 2023. Germany, France and Spain will
  be the major revenue contributors to the regional
  industry.

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Continued...

• U.S catheters market size with over USD 8.6
  billion in sales for 2015 leads the global
  industry. However, growth opportunities are
  offered by Asia Pacific and Latin American
  countries owing to huge untapped potential
  coupled with the implementation of government
  initiatives towards improving healthcare access
  in the emerging countries of China, India, and
  Brazil.
• Established players in the catheters market share
  such as Boston Scientific Corporation, Abbott
  Laboratories, Johnson Johnson, Medtronic Inc.,
  Teleflex and Coloplast Inc. are exploring growth
  opportunities by implementation of expansion
  strategy in emerging countries.

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U.S. Catheters Market size, by Product, 2012-
2024 (USD Mn)

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360 Analysis

• Application Trends
• The technological advancements in medical field
  have drastically shifted patient preference from
  traditional methods on medical interventions to
  minimally invasive surgeries. Rise in number of
  minimally invasive surgeries for diagnostic,
  monitoring and operational purpose should boost
  the catheters demand. Less invasive procedures
  are a cost effective alternative to open medical
  procedures owing to shorter hospital stays,
  minimal scarring and least post procedure
  complications.
• Regional Trends
• U.S. catheters market size contributed to largest
  regional revenue share of over 87, attributed to
  high disease awareness levels, quick access to
  healthcare facilities, and rapid technological
  advancements in this region.
• Competitive Market Share
• Industry is dominated by many giant players and a
  number of small, local regional players. Boston
  Scientific Corporation led the North America
  catheters market due to its extensive regional
  presence and high market penetration, while
  Coloplast accounted for the major share in the
  Europe market owing to its local presence with
  strong distribution network and product
  portfolio.

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