DUBLIN--(BUSINESS WIRE)--Sep 5, 2018--The "Global Catheters Market (Product Types and Geography) - Size, Share, Global Trends, Company Profiles, Analysis, Segmentation and Forecast, 2013 - 2020" report has been added to ResearchAndMarkets.com's offering.

According to the report, the global catheters market will reach $42.5 billion by 2020, registering a CAGR of 7.5% during 2014-2020.

Increased usage of catheters in minimally invasive surgeries and the introduction of technologically advanced catheters with improved efficacy contribute to growth of the global catheters market. Cardiovascular catheters are the largest revenue generating segment in the overall catheters market.

Growing prevalence of cardiovascular diseases, diabetes and urinary diseases is expected to boost demand for catheters. Overall, similar consumption pattern for catheters witnessed in several other medical conditions has resulted in increased usage of catheters thereby increasing the market size of the global catheters market.

Promoting the further use/adoption of catheters is innovation and development of variants that overcome drawbacks of the conventional catheters; for instance, development of male external catheters minimize chances/incidences of urinary tract infection resulting from insertion of catheters in the patient's body.

High cost involved in cardiac and neurological procedures and lack of experienced and skilled professionals limit the growth of the global catheters market. Also, increasing incidences of nosocomial infections; for example, catheter-associated urinary tract infections are among the prime factors restricting growth of urological catheters market.

Going forward, developing regional - India and China catheters markets are expected to offer potential opportunities owing to increasing awareness and adoption of minimally invasive procedures (that necessitate usage of catheters).

Companies operating in the catheters market focus on several strategies such as product launch, collaboration and acquisition. For example, Bard Medicals's R&D spend of ~8% of the total revenue is intended for development and commercialization of feature-enhanced catheters; overall driving growth of the global catheters market.

Key Topics Covered

1 Introduction

2 Executive Summary

3 Market Overview

4 Global Catheters Market By Product Type

5 Global Catheters Market By Geography

6 Company Profiles

Abbott Laboratories Arrow International Inc. B. Braun Melsungen AG Bard Medicals Becton Dickinson Inc. Boston Scientific Edwards Lifesciences Hollister Inc. Johnson And Johnson Medrad (Bayer AG) Medtronic Inc. Rochester Medical Co. Vascular Solutions

For more information about this report visit https://www.researchandmarkets.com/research/4jhc2w/the_2018_global?w=4

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Related Topics:Catheters



SOURCE: Research and Markets

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PUB: 09/05/2018 07:05 AM/DISC: 09/05/2018 07:06 AM