Intravascular Catheter Market to reach at CAGR of 9.3% during forecast period 2019 to 2024 with USD 4,318 million

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Intravascular Catheter Market to reach at CAGR of
9.3 during forecast period 2019 to 2024 with USD
4,318 million
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Intravascular Catheter Market
Market Insights Market Research Future (MRFR)
estimated that the global intravascular catheter
market is set to attain a market value of USD 4,
318 million, with a CAGR of 9.3 during the
forecast period (2019-2024). The Global
Intravascular Catheter Market is driven by some
of the various factors, such as the rising rate
of hospitalization owing to the growing
prevalence of infectious diseases. The increasing
number of catheterization laboratories is
anticipated to propel the growth of the market.
On the other hand, lack of expertise and
advanced medical infrastructure in developing
nations is expected to restrain the growth of the
global intravascular catheter market. The
increasing number of surgeries for the patients
under treatment for chronic diseases, rise in
demand for invasive surgical procedures by using
catheters at ambulatory surgical centers are some
of the critical drivers propelling the growth of
the global intravascular catheter
market. Inadequate quality assurance, volatile
pricing, and limited reimbursement in various
developing nations are some the restraining
factor in the global market. Increased count of
surgeries for treating gastroenterology,
cardiovascular, renal, and other diseases is one
of the critical pointers driving the global
intravascular catheter market. Request For Free
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Intravascular Catheter Market
Market Segmentation The global intravascular
catheter market is broadly bifurcated on the
basis of product, application, and
end-user. Based on the product, the global market
is diversified into integrated/closed PIVC
catheters and short PIVC catheters. The
application segment is divided into cancer, renal
disease, infectious diseases, gastrointestinal
diseases, and other diseases. The global end-user
segment is split into hospitals, clinics,
ambulatory surgical centers, home care, and
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Intravascular Catheter Market
Regional Insights The global intravascular
catheter market is dominated by the Americas,
owing to a rise in per capita income, heavy
adoption, and increased healthcare expenditure.
Growing occurrences of hospital-acquired
infection and the present of advanced healthcare
facilities jointly foster the market growth in
the North America region. Favorable reimbursement
facilities related to intravascular catheters
further motivate the market growth in the region.
The European intravascular catheter market is
anticipated to grow exponentially while
maintaining its dominance in the second position.
The market is attributed to the existence of
leading industry giants and the rising prevalence
of deadly diseases. Asia Pacific region is likely
to grow rapidly owing to the massive patient
population suffering from chronic diseases and
government initiatives for healthcare
reforms. Moreover, the Rest of the World,
specifically the Middle East Africa, is
anticipated to hold least share of the global
intravascular catheter market. Low per capita
incomes and volatile economic reforms are some of
the factors restraining the growth of this
regional market.
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