Global Market for Catheters to Reach $32.1 Billion in 2016
The market for catheters can be broken down into three regions: the Americas; Europe, The Middle East, Russia and Africa (EMRA); and Asia.
The Americas region of the market, worth $11.5 billion in 2011, is expected to increase at a CAGR of 0.7% to reach $11.9 billion in 2016.
The EMRA region of the market, worth $6.6 billion in 2011, is expected to increase at a CAGR of 15.6% to reach nearly $13.7 billion in 2016.
The Asian region of the market was valued at $3 billion in 2011 and, by 2016, that value should reach $6.5 billion, a CAGR of 16.7%.
A catheter is a hollow, tube-like structure that can be inserted into a blood vessel, duct, or body cavity. In modern uses, catheters allow the drainage of fluids, the infusion of fluids, or act as a conduit to allow the insertion of surgical or diagnostic instruments into the body cavity. In some cases, catheters can be large, solid, and relatively hard tubes. In others, they can be narrow and flexible, depending on the use.
The global catheter market is a diverse industry with both multinational companies and smaller regional companies participating in a very competitive market. Catheterization procedures have steadily increased as interventional and less-invasive procedures have become more popular. Catheters are vital to the completion of many procedures, and some procedures or interventions, particularly in cardiovascular surgery and neurosurgery, could not be done without the use of catheters.
This study will be of interest to catheter and device manufacturers, catheter material manufacturers, and venture capitalists and financial institutions involved in the healthcare industry.