As per this study the Global Intravascular Catheters Market was valued USD 6.9 BN (by revenue) in 2022 and is anticipated to reach USD 18.08 BN by 2030 with a CAGR of 12.8%.
The intravascular catheter is a medical device, a thin tube made from a medical grade that can be inserted in the body, especially in veins, to treat infectious diseases or perform surgeries. Functionally, it allows administration of gases, drainage, and access by surgical instruments and performs various tasks depending upon the patient's health condition. Intravascular catheters find various applications in oncology, gastroenterology, infectious diseases and others.
Market Dynamics
The rising cases of cardiovascular diseases and urological diseases which requires the use of catheters for surgeries and diagnosis are boosting the global intravascular catheters market growth. Moreover, increasing cases of trauma injuries are again stimulating the market demand. However, side-effects associated with the catheters and high costs of surgical procedures can restrain the market growth of intravascular catheters.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of intravascular catheters.
Market Segmentation
The broad intravascular catheters market has been sub-grouped into product, application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Short PIVC
- Integrated/Closed PIVC
By Application
- Oncology
- Gastroenterology
- Renal Disease
- Infectious Diseases
- Others
By End-use
- Hospitals
- Clinics
- ASC
- Homecare
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for intravascular catheters in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Intravascular Catheters Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Intravascular Catheters market include Cook Medical, Smiths Medical, Edwards Life Sciences Corporation, Medtronic Inc., Johnson & Johnson, McKesson Medical Surgical Inc., Terumo Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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