Catheter Market worth $ 27.33 Billion, Globally, by 2027 at 8.52 % CAGR: Verified Market Research

Catheter Market worth $ 27.33 Billion, Globally, by 2027 at 8.52 % CAGR: Verified Market Research

PR Newswire

JERSEY CITY, N.J., Feb. 8, 2021

Catheter Market has witnessed strong growth owing to the huge prevalence of cardiovascular diseases, coupled with the advancement of unique-feature enhanced cardiovascular catheters. Chronic disorders such as cardiovascular, neurology, and urology disorders have become the most imperative cause of mortality and morbidity across the globe, during the last three decades.

JERSEY CITY, N.J., Feb. 8, 2021 /PRNewswire/ -- Verified Market Research recently published a report, "Catheter Market" By Type (Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters, and Others), By End-user (Hospitals, Long-term Care Facilities, Diagnostic Imaging Centers, and Other End Users), and By Geography. According to Verified Market Research, the Global Catheter Market was valued at USD 15.40 Billion in 2020 and is projected to reach USD 27.33 Billion by 2027, growing at a CAGR of 8.52 % from 2021 to 2027.

Catheter Market

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Browse in-depth TOC on "Catheter Market"

202 - Pages
126 – Tables
37 – Figures

Global Catheter Market Overview

The global catheters market is principally driven by the huge prevalence of cardiovascular diseases, coupled with the advancement of unique-feature enhanced cardiovascular catheters. Chronic disorders such as cardiovascular, neurology, and urology disorders have become the most imperative cause of mortality and morbidity across the globe, during the last three decades. High blood pressure and diabetes are the two principal factors behind the increasing cases of chronic disorders, such as kidney failures. In addition, the rise in the number of midscale catheter manufacturers gaining the most comprehensive market share as well as an increase in the funding by several government bodies for R&D activities is anticipated to drive the market growth over the forecast period. Moreover, the increasing demand for minimally invasive procedures due to the current technological innovations is anticipated to boost the sale of catheters in the market. The antimicrobial coating and miniaturized catheters are employed to prevent the cases of restenosis and the reoccurrence of the reduction of a blood vessel at the later stage can be treated.

The major players in the market are Medtronic, Edwards Lifesciences Corporation, Teleflex Incorporated, Abbott, B. Braun Melsungen AG, Becton, Dickinson and Company, Boston Scientific Corporation, ConvaTec Group, Coloplast , and Johnson & Johnson Services.

Verified Market Research has segmented the Global Catheter Market On the basis of Type, End-User, and Geography.

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