LONDON, Dec. 19, 2016 /PRNewswire/ -- With the continuous development in the medical field due to growing need to curtail increasing healthcare costs, rising focus on patient safety, mounting aging population, and rising prevalence of various diseases across the globe; catheters, needles, and cannulas have become inseparable part of today's healthcare system.
The research report titled "Global Catheters, Needles, and Cannulas Market Outlook: 2016-2021" provides in-depth analysis of catheters, cannulas, and medical needles market in five major geographies with country level analysis and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2021. The study offers a comprehensive analysis of catheters, cannulas, and medical needles market with respect to its ends users, products, mode of purchase, and geography.
The global catheters, cannulas, and medical needles market is anticipated to grow at a CAGR of 7.8% from 2016 to 2021 to reach $53.6 billion by 2021. This market is primarily driven by rising demand for minimally invasive surgical techniques to treat chronic or critical care diseases. Also the rising number of geriatric population across the globe which is more prone to chronic disorders consequently drives the market for catheters, cannulas, and medical needles. However, shortage of skilled physicians/nurses is likely to have a negative impact on the growth of medical needles, catheters, and cannulas market. Also, the factors like high cost associated with endosurgical procedures, and needle anxiety has the potential to downturn this market to a certain extent.
The report is segmented by ends user, product, mode of purchase, and geography. The market by end user is further sub-segmented into hospitals & clinics, ambulatory surgical centres, long term care centres, blood banks, and others. Market by product is further segmented into catheters, medical needles, and Cannulas with different types of these products analyzed in the report. The market by mode of purchase is sub-segmented into retail, and no retail.
Geographically, global catheters, medical needles, and cannulas market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level with a detailed qualitative and quantitative analysis. Market size estimates and forecasts for the period 2016 to 2021 have been provided for each segment and its sub-segment, calculating growth rates from 2016 to 2021, considering 2015 as the base year for calculations.
The global catheters, medical needles, and cannula market is fragmented with the presence of various global and local players. Some of the key players analyzed in the report includes Becton, Dickinson and Company, B. Braun Melsungen, Medtronic PLC, Smith & Nephew, Terumo Medical Corporation, Conmed Corporation, Boston Scientific Corporation, Novo Nordisk AS, Ypsomed Holding AG, Johnson & Johnson, Artsana S.p.A., HTL-STREFA, UltiMed Inc., Allison Medical Inc., Abbott Laboratories, Revolutions Medical Corp., Unilife Corp., and Retractable Technologies, Inc.
Key questions answered in the report-
Which are the high growth market segments in terms of products, end-users, mode of purchase, and regions/countries?
What is the historical market, market forecasts and estimates for medical needles, catheters, and cannulas?
What are the major drivers, restraints, challenges, and opportunities in the global catheters, medical needles, and cannulas market?
What are the burning issues of the global catheters, medical needles, and cannulas market?
Who are the major suppliers/players in the global catheters, medical needles, and cannulas market and what share of the market do they hold?
What is the competitive landscape and who are the market leaders by sub-region in the global catheters, medical needles, and cannulas market?
What are the recent developments in the global catheters, medical needles, and Cannulas market?
What are the different strategies adopted by the major players in the global catheters, medical needles, and cannulas market?
What are the local emerging players in the global catheters, medical needles, and cannulas market and how do they compete with the global players?
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