NEW YORK, Aug. 16, 2016 /PRNewswire/ -- This BCC Research report studies the present status of the worldwide catheter market and evaluates its potential over the five-year period from 2016 to 2021.
Use this report to:
Determine the present status of the worldwide catheter market and to evaluate its potential over the five-year period from 2016 to 2021.
Understand the current catheter market scenario for five major application segments:cardiovascular, urological, neurovascular, intravenous and specialty catheters.
Assess the growth and market potential of catheters for the completion of cardiovascular surgery and neurosurgery.
Analyze the current catheter market for the projections of worldwide, geographic and type of product market revenues, new applications and products, and future catheter sales.
The global catheter market has grown to $24.9 billion in 2016 from $23.9 billion in 2015. The market is expected to grow at a five-year compound annual growth rate (CAGR) of 4.7% from 2016 to 2021, reaching nearly $31.3 billion by 2021.
The cardiovascular catheter market is expected to grow from $11.7 billion in 2016 to $14.8billion in 2021, increasing at a CAGR of 4.8% for the period 2016-2021.
The global market for neurovascular catheters is expected to grow from $513.3 million in 2016 to $824.6 million in 2021, increasing at a CAGR of 9.9% for the period 2016-2021.
STUDY GOALS AND OBJECTIVES
BCC Research's goal in conducting this study was to determine the present status of the worldwide catheter market and to evaluate its potential over the five-year period from 2016 to 2021. An assessment of the worldwide catheter market was performed while considering five of its important segments: cardiovascular, urological, neurovascular, intravenous and specialty catheters.
REASONS FOR DOING THE STUDY
The market for catheters has expanded 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. In conducting this study, BCC Research was interested in determining the areas of catheter applications poised
for growth and the reasons for their growth. New products and their future impact on the market were also assessed.
SCOPE OF REPORT
BCC Research analyzed the current catheter market based on (1) projections of worldwide, geographic and type of product market revenues through 2021, (2) on current and historical usage, (3) geographical and socio/economic market trends and (4) new applications and products.
The scope of this study encompasses the five major application segments of the catheter market. BCC Research analyzed each type of catheter segment, determined its current market status and examined its impact on future catheter sales. After this analysis, growth forecasts between 2016 and 2021 were projected. Catheter material analysis, regulatory issues and the latest technological trends are also covered.
Other influential factors such as patents and company profiles are discussed. Unless otherwise noted, all revenue values are in U.S. dollars at the time the research was conducted and are not adjusted for inflation.
The reviewed products in the report are not exhaustive and a number of products have been in the market for years.
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