123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Centesis Catheters Market - Growth Drivers & Opportunities | Marketsandmarkets

Profile Picture
By Author: Snehal S
Total Articles: 363
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Growth in the global centesis catheters market can be attributed to factors such as the rising target patient population (particularly patients suffering from cancer, TB, and cardiovascular diseases), growing preference for image-guided centesis procedures, and the increasing evidence for the efficacy of centesis procedures for target diseases.

The report Centesis Catheters Market is projected to reach USD 633 million by 2025 from USD 426 million in 2019, at a CAGR of 6.8%.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254850580

KEY MARKET DYNAMICS

1.DRIVERS

1.1 Growth in the target patient population
1.2 Growing preference for image-guided centesis procedures
1.3 Growing evidence of the efficacy of centesis procedures for target diseases

2. RESTRAINTS
2.1 Premium product pricing
2.2 Taxation policies and trade barriers

3. OPPORTUNITIES
3.1 Emerging countries

...
... 4. CHALLENGES
4.1 Complexities related to product development and manufacturing
4.2 Complications associated with centesis procedures
4.3 Product failure and recalls

Market Segmentation: -
Based on type, the centesis catheters market is segmented into small-bore and large-bore centesis catheters. The small-bore centesis catheters segment accounted for the largest share of this market in 2018. This can be attributed to the wide availability of small-bore centesis catheters, growing number of target procedures that require small-bore centesis catheters, increasing evidence of the efficacy and safety of small-bore centesis catheters over large-bore centesis catheters, and their higher adoption in diagnostic centesis procedures.

Paracentesis procedures segment accounted for the largest share of the centesis catheters market, by procedure, in 2018
Based on procedure, the centesis catheters market is segmented into paracentesis, thoracentesis, arthrocentesis, amniocentesis, and other procedures. The paracentesis segment accounted for the largest share of this market in 2018. The rising incidence of target conditions such as gastrointestinal malignancies, liver cirrhosis, cystic fibrosis, intestinal tuberculosis, chronic liver failure, formation of cysts in the peritoneal cavity, and serious forms of hepatitis is expected to drive the growth of this market segment in the coming years.

Hospitals were the largest end users of centesis catheters in 2018
Based on end user, the global centesis catheters market has been segmented into hospitals, ambulatory surgical centers, and other end users. The hospitals segment accounted for the largest share of the market in 2018. This is because the majority of centesis procedures are performed in hospitals owing to the risks involved in these procedures and the higher patient preference for hospital-based care for target disease conditions, such as gastrointestinal malignancies, liver cirrhosis, cystic fibrosis, intestinal tuberculosis, chronic liver failure, peritonitis, and pleural effusion.

Regional Analysis:
The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. This can be attributed to the presence of a large patient pool, increasing incidence and prevalence of target diseases, improving healthcare infrastructure in Asian countries, and the favorable government initiatives for improving access to healthcare.

Recent Developments
• In 2019, Galt Medical Corp (US) acquired Arrotek Medical Limited (Ireland) that expanded the former’s minimally invasive devices portfolio.
• In 2019, Merit Medical (US) launched the ReSolve Mini Locking Drainage Catheter with a 42% smaller pigtail design (as compared to the other ReSolve Mini drainage catheters offered by the company).
• In 2017, Teleflex Incorporated (US) acquired Vascular Solutions, Inc. (US).
• In 2017, Cardinal Health (US) acquired the Patient Care, Deep Vein Thrombosis, and Nutrient Insufficiency business lines from Medtronic, plc (Ireland).

Request for Sample Pages: - https://www.marketsandmarkets.com/requestsampleNew.asp?id=254850580

Top Key Players:
The key players operating in the global centesis catheters market are AngioDynamics, Inc. (US), ARGON MEDICAL (US), Avanos Medical Devices (US), Axiom Medical, Inc. (US), B. Braun Melsungen AG (Germany), Becton, Dickinson and Company (US), Blue Neem Medical Devices Pvt. Ltd. (India), Boston Scientific Corporation (US), Canadian Hospital Specialties Ltd. (Canada), Cardinal Health (US), Cook Medical (US), Galt Medical Corp. (US), Guangzhou Leadgem Medical Device Co., Ltd. (China), KM Medical (US), Medical Components, Inc. (US), Medtronic (Ireland), Merit Medical Systems (US), Mermaid Medical A/S (Denmark), MoFlo Medical Technology Co., Ltd. (China), Neuromedex GmbH (Germany), Ningbo Honde Medical Instruments Co., Ltd. (China), PFM Medical, Inc. (US), Polymedicure (India), REDAX (Italy), Rocket Medical plc. (UK), Romsons (India), Smiths Medical (US), Teleflex Incorporated (US), UreSil, LLC (US), and Utah Medical Products, Inc. (US).

Total Views: 40Word Count: 880See All articles From Author

Add Comment

Business Articles

1. In Your Neighborhood: The Rise Of Local Travel Nursing Opportunities
Author: Shourya Mehta

2. Xpertva - Your Trusted Virtual Assistant Service For E-commerce And Digital Marketing
Author: XpertVA- Jacob and Co

3. The Ultimate Guide To Help You Unregistered Investment Products Scams
Author: Paris John

4. Empowerment In Your Pocket: The Keychain Stun Gun For Women's Self-defense
Author: auxu

5. Future Of Energy Engineering By Experts At Mec
Author: MEC

6. Crafting Connections: Your Journey With An Influencer Marketing Agency
Author: Talent Resources

7. White Flower Developers: Presenting Exquisite 2 & 3 Bhk Flats In Patel Nagar, West Delhi
Author: White Flower Developers

8. How Important Is Brand Reputation When Choosing A Home Stereo System
Author: adlerconway

9. Env200 Ultrasonic Sludge Density Meter Manufacturer | Wess Global
Author: WESS Global

10. Mooc Market Size, Opportunities, Company Profile, Developments And Outlook
Author: Apurva

11. Anti-inflammatory Enzymes And Enzyme Feed Additives | Pearlzyme Inc
Author: Pearlzyme Inc

12. Lodge Tax Return Online - Govreports
Author: amelia

13. The Ultimate Charm Enhancer: Buy Cats Eye Gem Stone Online And Witness The Magic!
Author: eloragems

14. Top 5 Applications Of Ai In The Insurance Sector
Author: FBSPl

15. How To Deal With Quickbooks Error 15240?
Author: Andrew Walker

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: