Catheter Coating Market to Garner $1.52 Bn, Globally, by 2026 at 6.5% CAGR, Says Allied market Research

Catheter Coating Market to Garner $1.52 Bn, Globally, by 2026 at 6.5% CAGR, Says Allied market Research

PR Newswire

PORTLAND, Oregon, June 24, 2020

- Surge in prevalence of catheter-associated urinary tract infection and increase in usage of catheters among geriatric population have boosted the growth of the global catheter coating market

PORTLAND, Oregon, June 24, 2020 /PRNewswire/ --  Allied Market Research recently published a report, "Catheter Coatings Market by Type (Metal and Polymer), and Material (Hydrophilic Coatings, Drug-eluting Coatings, Anti-microbial Coatings and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global catheter coating industry was pegged at $918.90 million in 2018, and is projected to reach $1.52 billion by 2026, growing at a CAGR of 6.5% from 2019 to 2026.

Allied Market Research

Drivers, restraints, and opportunities

Surge in prevalence of catheter-associated urinary tract infection and increase in usage of catheters among geriatric population have boosted the growth of the global catheter coating market. However, high costs of raw materials hamper the market growth. On the contrary, untapped potential of emerging markets is expected to open new opportunities for the market players in the coming years.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4200

COVID-19 scenario: The outbreak of COVID-19 has positively affected the global catheter coating market.

Polymer segment dominated the market

By material, the polymer segment held the largest share in 2018, accounting for nearly three-fifths of the global catheter coating market. Moreover, this segment is expected to register the highest CAGR of 6.7% during the forecast period, owing to increase in usage of polymers for surface coatings of central, peripheral, and cardiac catheters. The report includes analysis of the metal segment.

Hydrophilic coatings segment to portray highest CAGR by 2026

By type, the hydrophilic coatings segment would manifest the highest CAGR of 7.3% during the forecast period. Moreover, the segment held the largest share in 2018, accounting for more than two-fifths of the global catheter coating market, owing to its high use as a coating material for lower-cost catheter devices. The report includes analysis of other segment such as drug-eluting coatings, anti-microbial coatings, and other.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/4200

North America held the lion's share

The global catheter coating market across North America dominated the market in 2018, contributing to more than one-third of the market, owing to rise in geriatric population, favorable reimbursement rates, rise in prevalence of cardiovascular diseases (CVDs) even among the younger population, and innovative technology. However, the market across Asia-Pacific is expected to register the highest CAGR of 8.1% during the forecast period, due to presence of high population base, increase in awareness about urinary self-catheter, development in healthcare infrastructure, and rise in demand for intermittent catheters.

Major market players

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Hybrid Operating Room Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

Immunosuppressants Market - Global Opportunity Analysis and Industry Forecast 2019-2026

Biobanking Market - Global Opportunity Analysis and Industry Forecast 2019-2026

Medical Spa Market - Global Opportunity Analysis and Industry Forecast 2019–2026

Transcatheter Aortic Valve Implantation (TAVI) 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

Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research 

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

Voltar noticias em Inglês