Therapeutic Catheters Market Value Share, Supply Demand, share and Value Chain 2

Posted by vakhas on January 16th, 2019

Growing Aging Population is Expected to Drive the Growth of the Therapeutic Catheters Market

New approaches in catheterization techniques have led to the development of numerous therapeutic procedures. Medical catheters consist of tubes that are inserted into the body vessel, cavity or duct to allow the fluids, medications or gases to drain the urine or fluids from the body. There are numerous catheters for various therapeutic areas, such as urology, cardiovascular, neurovascular, ophthalmic and gastrointestinal.

Cardiac catheterization is a minimally invasive procedure performed by using catheters, wires and x-ray to treat and diagnose problems in the blood vessels of the heart. According to a study by the American College of Cardiology, approximately 800,000 deaths due to cardiovascular diseases are reported in the U.S., which indicates increase in the use of pulmonary artery catheters.

Therapeutic Catheters Market: Drivers and Restraints

Growing geriatric population and increase in prevalence of cardiac diseases are factors expected to drive the growth of the cardiac therapeutic catheters market. Moreover, advancement in technology is also projected to fuel the growth of the cardiac therapeutic catheters market. However, lack of skilled and qualified professionals is expected to restrain the growth of the market during the forecast period. Increase in number of research and development activities and investments in the healthcare industry are expected to create immense growth opportunities form the manufacturers operating in the market during the forecast period.

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Urinary therapeutic catheters is also anticipate to boost the market due to increase in geriatric population. Increasing obese population is consequently projected to fuel the growth of the global therapeutic catheters market. Likewise, favorable reimbursement policies and increase in number of surgeries are expected to contribute to the growth of the therapeutic catheters market.

Therapeutic Catheters Market: Overview

The global therapeutic catheters market is expected to witness significant growth during the forecast period. B. Braun has developed Urimed Cath Foley Nelaton, a sterile two-way silicone urinary catheter considered for indwelling catheterization of the urinary bladder.

Moreover, the sale of cardiovascular catheters is expected to increase globally due to the rise in the prevalence of structural heart and chronic heart diseases.

Therapeutic Catheters Market: Regional Outlook

Geographically, the global therapeutic catheters market is segmented into North America, Latin America, Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). North America is projected to be the leading regional market for cardiac therapeutic catheters owing to increase in prevalence of cardiac diseases and growing geriatric population.