The Business Research Company’s Intravascular Catheters Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032
Catalysts of Growth: Rising Hospitalization Rates Due to Chronic Diseases
The surge in the prevalence of chronic diseases globally has led to an increased hospitalization rate, driving the growth of the intravascular catheters market. Intravascular catheters play a crucial role in chronic disease treatment by facilitating sample collection for tests and administering fluids, nutrients, and blood intake. Notably, Fresenius Medical Care, a German healthcare company, estimates that the number of individuals suffering from chronic kidney failure is expected to rise from 3.7 million patients in 2020 to 4.9 million by 2025. This underscores the significant role of intravascular catheters in addressing the healthcare needs of patients with chronic diseases.
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Key Market Players: Leaders Steering the Industry
Major players contributing to the landscape of the intravascular catheters market include Cook Medical, Smiths Medical, Edwards Life Sciences Corporation, Medtronic Inc., Johnson & Johnson, McKesson Medical Surgical Inc., Terumo Corporation, Abbott Laboratories Inc., Boston Scientific Corp., Getinge AB, Coloplast Corp., Cardinal Health, Conavi Medical, Infraredx Inc., BD, MAQUET Holding BV & Co KG, Vitality Medical, BBraun, Koninklijke Philips NV, Lumend Corporation, COVIDien Ag, Acist Medical Systems, Biotronik SE & COKG, Biosense Webster Inc., Cordis, QX Medical, and Teleflex Corporated.
Trend Spotlight: Product Innovations Driving Market Dynamics
The intravascular catheters market is witnessing a notable trend in product innovations, with major players focusing on introducing advanced products to fortify their market positions. For instance, B. Braun Medical Inc., a German-based medical and pharmaceutical device manufacturing company, introduced the Introcan Safety 2 IV Catheter in July 2022. This catheter features one-time blood control, enhancing the safety of IV access for clinicians by minimizing the risk of blood exposure and needle stick accidents. Additionally, Shockwave Medical Inc. unveiled the Shockwave M5+ catheter in March 2022, designed to treat calcified lesions in challenging lower limb arteries.
Regional Dynamics: North America Leads, Asia-Pacific Emerges as a Growth Hub
In 2022, North America secured its position as the largest region in the intravascular catheters market. However, Asia-Pacific is poised to emerge as the fastest-growing region in the forecast period. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Market Segmentation: Understanding Diverse Dimensions
The global intravascular catheters market is segmented based on:
1) By Product: Short PIVC, Integrated/Closed PIVC
2) By Application: Oncology, Gastroenterology, Renal Disease, Infectious Diseases, Other Applications
3) By End-Use: Hospitals, Clinics, Ambulatory Surgical Center, Homecare
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Intravascular Catheters Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Intravascular Catheters Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on intravascular catheters market size, intravascular catheters market drivers and trends, intravascular catheters market major players, intravascular catheters market competitors' revenues, intravascular catheters market positioning, and market growth across geographies. The intravascular catheters market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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