Discover a detailed exploration of the Intravascular Catheters Market by Data Bridge Market Research, thoughtfully presented with visual finesse to ensure seamless data absorption. Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.
The Intravascular Catheters research report also explains the potential restraints present in the global market. It evaluates the aspects that are likely to hamper the market growth in the near future. In addition to this assessment, it also provides a list of opportunities that could prove lucrative to the overall market. Analysts provide solutions for turning threats and restraints into successful opportunities in the coming years. This gives the readers a narrowed-view of the global market enabling a closer look at the elements that could define its progress. The report aims to give the readers quantifiable data that is collected from verified data. The report attempts to answer all the difficult questions such as market sizes and company strategies.
The competitive landscape is analyzed in this Intravascular Catheters by understanding the strategies of the companies and the initiatives they have taken in recent years to overcome the intensive competition. It discusses the future of the market by studying the historical details. Analysts have studied the ever-changing market dynamics to evaluate their impact on the overall market. This research study provides you with a detailed understanding of the overall market situation and estimates the market revenue currently and during the forecast period.
Data Bridge Market Research analyses that the intravascular catheters market which was USD 557.3 million in 2021, would rocket up to USD 1135.14 million by 2029, and is expected to undergo a CAGR of 9.30% during the forecast period 2022 to 2029.
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Market Definition:
An intravascular ultrasonography catheter is an imaging catheter used to assess vascular morphology in coronary and peripheral blood arteries. It shows cross-sectional photographs of vessels in this type. It has a cylindrical ultrasound transducer array that emits acoustic energy into the surrounding tissue and measures the ultrasonic echoes that result.
Market Growth Drivers:
- Growing incidence of Diseases
According to the World Health Organization (WHO), cancer is the second biggest cause of death worldwide. In 2018, cancer claimed the lives of more than 9.6 million people around the world. The growing usage of catheters for minimally invasive diagnostic and treatment procedures and the rising hospitalization rate due to the high incidence of chronic diseases are likely to fuel market growth.
- Low cost and easy insertion technique
The product segment for intravascular catheters is dominated by short PIVC. Healthcare providers use short PIVC due to its inexpensive cost and simple insertion technique in approved sites such as the wrist or antecubital vein. The frequent movement of the inserted needle, which causes phlebitis, infiltration, and dislodgment, bringing agony and anguish to the sick patient, is a constraint linked with short PIVC. Because of its intrinsic features, such as an enhanced stabilization frame that lowers inserted catheter movement and eliminates the need for additional securement devices, integrated PIVC is gaining a lot of traction. The use of an integrated PIVC has reduced the incidence of phlebitis and bloodstream infections caused by catheters (CABSI).
- Growing demand for minimal invasive surgical procedures pertaining to trauma incidence
According to the World Health Organization (WHO), 17.9 million people die each year as a result of cardiovascular problems around the world. Scientists believe that early surgical intervention can help to reduce this high mortality rate, which accounts for 31% of all fatalities worldwide. The other applications market is growing due to rising demand for minimally invasive surgical treatments for cardiovascular disease and trauma patients.
- Rising prevalence of hospital-acquired infection and existence of sophisticated healthcare infrastructure
North America now owns a 32% market share and is the clear leader in the intravascular catheters market in the regional sector. The increased prevalence of hospital-acquired infections and the presence of advanced healthcare infrastructure are two significant factors contributing to its market domination. Due to advantageous reimbursement scenarios for intravascular catheters and a considerable increase in the number of impatient procedures conducted to treat chronic diseases, Europe is currently in second place in the regional segment with a 30% share.
Notably, the report emphasizes the engagement of essential entities, including:
Abbott (U.S), BD (U.S), Boston Scientific Corporation (U.S), Medtronic (Ireland), Cook (U.S), Johnson & Johnson Private Limited (U.S), Smith & Nephew plc (Germany), Cardinal Health (U.S), Terumo Corporation (Japan), Conavi Medical (U.S), Edwards Lifesciences Corporation (U.S), Infraredx, Inc. (U.S), Getinge AB (Sweden), Coloplast Corp (Denmark), McKesson Medical-Surgical (U.S)
Comprehensive Market Insights: Uncovering Key Facets
- Global & Regional Share Assessment
- Detailed evaluation of market shares at both regional and global levels.
- Parent Market Overview & Growth Potential
- Explore parent market dynamics and identify high-growth niche segments.
- Order Management Software Trends Analysis
- In-depth study of global trends in order management software, highlighting imminent investment opportunities.
- Industry Dynamics Evolution
- Understand the changing dynamics shaping the industry landscape.
- Key Player Strategies & Offerings
- Insights into strategies and product offerings of key players in the market.
- Historical & Projected Market Size
- Examination of historical, current, and projected market sizes.
- Strategic Profiling & Market Position Analysis
- Strategic profiling of key players, analyzing market positions and core competencies.
Key Market Segmentation
Product (Short PIVC Catheters and Integrated/Closed PIVC Catheters), Application (Renal Disease, Cancer, Gastrointestinal Diseases, Infectious Diseases and other Diseases), End-User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare and others)
Intended Audience:
- Companies within the Intravascular Catheters industry
- Investors and analysts keen on the Intravascular Catheters market
- Individuals seeking insights into the dynamics of the Intravascular Catheters market
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