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.
Cardiovascular Catheters Enjoy Dominant Share in Global and China Market
Catheters are of various types: cardiovascular, intravenous, specialty, neurovascular, and urological. Cardiovascular catheters accounted for a significant share in the overall market and have been witnessing rising uptake in recent years owing to an alarming increase in the incidence of various cardiovascular diseases such as coronary heart disease, rheumatic heart disease, cerebrovascular disease, congenital heart disease, deep vein thrombosis, and peripheral arterial disease. According to the World Health Organization, over 17 million people died from some or the other form of cardiovascular ailment in 2012 alone. Recent developments in interventional cardiology, including the development of advanced cardiovascular catheters, has supported the growth of this segment.
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Global and China Catheters Market: Overview
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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