With a healthy CAGR of 5.5%, the global market for vascular access catheters is likely to grow at an impressive growth rate over the forecast period. The primary reasons for this remarkable growth are the shift to a value-based healthcare model, increasing global spending on healthcare, and the global manufacturer’s focus on the emerging market. According to the new report “Vascular Access Catheter Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027) published by Future Market Insights, the global vascular access catheter market will grow from $ 2,365.3 million in In 2017, by the end of 2027, 4,042.8 million US dollars. This represents a CAGR of 5.5% over a projected period of 10 years. The global market for vascular access catheters represents an absolute opportunity of 118.9 million US dollars in 2018 compared to 2017, and an additional opportunity of 1,677.5 million US dollars between 2017 and 2027.
Global Vascular Catheter Market: Key Players
Some of the key players operating in the global vascular catheter market are Angio Dynamics, CR Bard, Teleflex Incorporated, B. Braun Melsungen AG, Kimal Healthcare, Comed BV, Medtronic Plc, Smiths Medical, Vygon (UK) Ltd, Becton, Dickinson and Company, Argon Medical Devices, Inc., Boston Scientific Corporation, Cook Medical Incorporated and Fresenius Kabi AG.
Global vascular catheter market: drivers
Increased precision of PICC and CVC placement using tip locators
Improved compensation policies
Advantage of surgeon, anesthesiologist and interventional radiologist
An increasing number of diseases using PICC
Distribution and cooperation agreement to increase product range
Introduction of innovative products
Product availability through distributor appointment
Increasing forward integration
Introducing a new PICC that has antithrombogenic properties
Radiopaque material or catheter label
Review of Global Vascular Catheter Market Research Report @ https://www.futuremarketinsights.com/reports/vascular-access-catheters-market
Global vascular catheter market: product forecast
Based on product type, the global vascular access catheter market is segmented into CVC catheters, implantable port, dialysis catheters, and PICC catheters. CVC catheters dominated the global market in 2016, and are expected to continue to do so. Also, increasing approval for new products in the hemodialysis and peritoneal dialysis segment would further increase adoption.
Global vascular catheter market: forecast by end use
Finally, the global market for vascular access catheters is segmented into hospitals, outpatient surgical centers and special clinics, and others. The hospital is expected to be the most profitable among all end users of vascular access catheter products, with an attractiveness index of 2.7, while specialty clinics and others will be the least attractive end users of vascular access catheters, with a market share index of 0.8.
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Global vascular catheter market: Forecast by design
The design segment consists of a single, double and multiple lumen. Double Lumen, dominated the vascular catheter market in revenue in 2016, and the trend is projected to continue over the forecast period. Double lumen catheters are expected to be the most lucrative among asset segments, with an attractiveness index of 2.1.
Global vascular catheter market: prognosis by property
The asset segment in the global vascular access catheter market includes antimicrobial catheter and non-microbial catheter. The antimicrobial catheter dominated the vascular access catheter market in terms of revenue in 2016, and the trend is projected to continue over the forecast period. The antimicrobial catheter is expected to be the most lucrative among the asset segments, with an attractiveness index of 1.5.
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Global vascular catheter market: forecast by region
The report covered seven regions, namely North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA. The vascular access catheter market in North America accounted for the largest revenue share of 44.6% in 2016. Western Europe is expected to experience the highest CAGR of 5.8% during 2017–2027, primarily due to an increase in chronic dialysis and kidney cancer. Also, an increase in the scope of health care in untapped markets may encourage revenue growth over the forecast period.
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