The scope of application of catheters has been consistently growing in the healthcare industry and currently, these medical devices have become an integral part of diagnostics and treatment. The rising incidence of various chronic diseases, cardiovascular and urological ailments, and diabetes has greatly propelled the demand for catheters across the industry. The global and China catheters market is slated to witness steady growth over the coming years owing to the rising usage of these devices in a host of surgical and diagnostic procedures. The opportunity in the global catheters market is poised to be worth US$33.3 bn by 2017, registering a healthy growth rate during the forecast period.
However, the increasing incidence of catheter-associated infections threatens to stifle market growth. Nevertheless, rising investments in product development to curb such infections and introduce safer and superior quality products is sure to offer immense scope to those looking to invest in the global and China catheters market.
Global and China Catheters Market: Trends and Opportunities:
The global and China catheters market is expected to achieve a much higher momentum over the coming years, owing to the intensifying demand for minimally invasive surgical procedures. The growth in technology has imparted medical device manufacturers to create minimally invasive devices, especially for surgical procedures related to diabetes, cardiovascular diseases, and urinary diseases including cancer. The growing usage of these diagnostic and surgical procedures has given rise to a greater consumption of modern catheters and other medical consumables.
A leading trend in the global and China catheters market is the staggering demand for cardiovascular catheters. In 2011, this segment was valued at US$8.3 bn and is expected to grow at a lightning fast pace over the coming years owing to the growing prevalence of heart diseases. The types of cardiovascular catheters used today comprise peripheral angioplasty, cardiac angioplasty, diagnostic, ablation electrophysiology, arthectomy, percutaneous coronary artery, and interventional.
However, the global and China catheters market is currently being stifled by the high prevalence of infections among certain types of commonly used catheters. Catheters can be a leading source of hospital acquired infections among patients, a serious issue if not diagnosed and treated on time. Manufacturers of catheters are therefore investing heavily in product development and material development in order to produce the best possible catheters that mitigate the scope of infections.
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Catheters Market: Key Segments
Catheters have been an integral part of the healthcare industry for ages and are likely to remain so for the foreseeable future. Manufacturers are racing against each other to improve product differentiation and scope of utility of their products to outshine in the global and China catheters market. Catheters form an inseparable part of diagnostics and treatment of the millions of patients that are suffering from chronic diseases, diabetes, cardiovascular diseases, and all urinary diseases.
All segments and sub-segments of the global and China catheters market are discussed in extreme detail within the report in order to provide the report’s users with a holistic snapshot for multiple business purposes. The research details incorporated within the report include the research and development efforts taken up by key players in the global and China catheters market, the key activities of manufacturers and service providers, and the shares of each leading player in the market. The report also provides the results of proven analytical research methodologies such as Porter’s Five Force analysis and a SWOT analysis for the global and China catheters market’s competitive landscape.
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