GLOBAL AND CHINA CATHETER MARKET ANALYSIS(2020-2027) - PowerPoint PPT Presentation

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GLOBAL AND CHINA CATHETER MARKET ANALYSIS(2020-2027)

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Title: GLOBAL AND CHINA CATHETER MARKET ANALYSIS(2020-2027)


1
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2
GLOBAL AND CHINA CATHETER MARKET ANALYSIS
(2020-2027)
  • Global and China Catheter Market, By Product Type
    (Cardiovascular Catheter, Urology Catheters,
    Intravenous Catheters, Neurovascular Catheters,
    Specialty Catheters), By End User (Hospitals,
    Ambulatory Surgical Centers, Specialty Clinics),
    and By Region (North America, Latin America,
    Europe, Asia Pacific, China, Middle East
    Africa) - Size, Share, Outlook, and Opportunity
    Analysis, 2020 - 2027

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  • A catheter is a soft hollow tube, which is passed
    into the bladder to drain urine. Angioplasty,
    angiography, balloon septostomy, balloon
    sinuplasty, cardiac electrophysiology testing,
    and catheter ablation are some of the common
    procedures that require a catheter.

4
Statistics
  • The global and China catheters market is
    estimated to account for US 57.1 Bn in terms of
    value by the end of 2027.

5
Global and China Catheters Market Drivers
  • Increasing prevalence of chronic disorders is
    expected to propel growth of the global and China
    catheters market over the forecast period. For
    instance, according to the American Heart
    Association's Heart and Stroke Statistics 2019
    Update, around 48 of all adults in the U.S.
    suffered from some type of cardiovascular
    diseases in 2016.
  • Moreover, increasing geriatric population is also
    expected to aid in growth of the market. For
    instance, according to the U.S. Census Bureau,
    the U.S. geriatric population is expected to
    reach 77 million by 2034.       

6
Statistics
  • Europe held dominant position in the global and
    China catheters market in 2019, accounting
    for 34.9 share in terms of volume, followed by
    North America and Asia Pacific,
    respectively.     

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  • Figure 1 Global and China Catheters Market Share
    () Value, By Region, 2019

8
Global and China Catheters Market Restraints
  • High cost of the cardiac catheterization
    procedure is expected to hinder growth of the
    global and China catheters market. The cost of
    cardiac catheterization with without coronary
    angiogram ranges from US 3,000 to US 5,000.
  • Moreover, risks of the cardiac catheterization
    procedure such as air embolism, bleeding, heart
    attack, infection, and kidney damage are also
    expected to hinder growth of the market. 

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Statistics
  • The global and China catheters market was valued
    at US 38.7 Bn in 2019 and is forecast to reach a
    value of US 57.1 Bn by 2027 at a CAGR of 4.9
    between 2020 and 2027.     

11
  • Figure 2 Global and China Catheters Market Value
    (US Bn), 2016 2027

12
Market Trends/Key Takeaways
  • Increasing prevalence of urinary incontinence is
    expected to propel demand for Foley catheters.
    For instance, according to the paper, The
    prevalence of urinary incontinence, published in
    the journal Climacteric, in June 2019, the
    prevalence of UI ranged from approximately 5 to
    70, with most studies reporting a prevalence of
    any urinary incontinence in the range of 25-45.
  • Moreover, increasing number of cardiac
    catheterization labs is expected to boost demand
    for cardiac catheters. For instance, in February
    2020, Northwell Health, a nonprofit integrated
    healthcare network, announced that its
    facilities, Lenox Health Greenwich Village,
    Mather Hospital in Port Jefferson and Plainview
    Hospital, received approval from the New York
    State Health and Health Planning Council to
    establish cardiac catheterization labs.

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Regulations
  • U.S.
  • Conventional and antimicrobial Foley catheters
    are described in the FDA regulations under 21 CFR
    876.5130(a), Urological Catheter and Accessories,
    as a "flexible tubular device that is inserted
    through the urethra and used to pass fluids to or
    from the urinary tract."
  • The classification for these devices is class II
    as stated in 21 CFR 876.5130(b)
  • Manufacturers require a premarket approval for
    commercialization

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Global and China Catheters Market Competitive
Landscape
  • Major players operating in the global and China
    catheters market include, Cordis (Cardinal
    Health), Abbott Laboratories, B. BRAUN, Medtronic
    plc, Terumo, Teleflex Corporation, C. R. Bard,
    Inc., RIST Neurovascular, Inc., Edwards
    Lifesciences, Cook Medical Incorporated, Merit
    Medical, Biotronik, BALT, Osypka AG, Japan
    Lifeline, ACT, Lepu, Microport, SCW Medicath,
    Boston Scientific Corporation, Coloplast A/S,
    Convatec Group PLC, Dentsply, Bactiguard,
    Hollister Incorporated, Pacific Hospital Supply
    Co. Ltd., Rochester Medical Corporation, Fuqing
    Medical, Medsuyun, Songhang, Sanli, Chensheng
    Medical, Haiou Medical, CATHETRIX, and World
    Medical.

15
Global and China Catheters Market Key
Developments
  • Major players in the market are focused on
    approval and launch of new products to expand
    their product portfolio. For instance, in
    February 2020, RIST Neurovascular, Inc., a
    neuro-interventional medtech company, received
    U.S. Food and Drug Administration (FDA) 510(k)
    clearance to market the RIST Cath Radial Access
    Long Sheath (RIST Cath).
  • Major players in the market are also focused on
    adopting partnership strategies to enhance their
    market share. For instance, in November 2019,
    CATHETRIX, a developer of urinary Foley smart
    catheter fixations, signed an agreement with
    Pro-Lab Diagnostics for the distribution of
    CATHETRIXS innovative FoleySafe catheter
    securement device in Canada, U.S. and the U.K.

16
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