Market Research Report Store Catheters Global Market – Forecast To 2022--Market | Page 2

the largest segment with 28.8% share and polyethylene are the fastest growing segment with a
high single digit CAGR from 2015 to 2022. In end- users, hospitals are the largest segment as well
as fastest growing segment from 2015 to 2022. Geographically, North America is the largest
market, followed by Europe and Asia. The APAC region is the fastest growing region with a
double digit CAGR from 2015 to 2022 presenting an array of opportunities for growth and is
likely to get attention of new investors in the catheters market. Growth in the Asian market is
attributed to rising prevalence of lifestyle diseases and government initiatives in establishing
innovative technologies and demand for sophisticated medical services.
The catheters market is expected to grow steadily at a CAGR of XX% during 2015 to 2022.
Increased life expectancy and combined with rise in aging population, growing prevalence of
cardiovascular diseases, diabetes and urinary diseases, growing healthcare expenditures in
developing countries and trend towards the use of single use catheters and self catheterization are
the factors driving the market growth. Adoption of minimally invasive procedures, growing
advent of technological advancements pertaining to catheter materials that prevent biofilm
formation and developing nations like India and China catheters market are expected to offer
potential opportunities.
Similarly various factors like increasing rate of Catheter Assisted-Urinary Tract Infection
(CA-UTI) associated with healthcare acquired infections, high cost involved in cardiac and
neurological procedures and lack of experienced and skilled professionals limit the growth of
catheters global market. The threats for the catheters market include increase in pricing pressure
on market players and stringent regulatory bodies.
The catheters global market is a highly competitive market and all the existing players in this
market are involved in developing new and advanced products to maintain their market shares.
Some of the key players of the catheters market are Abbott Laboratories (U.S.), Boston Scientific
Corporation (U.S.), Johnson & Johnson (U.S.), B.Braun Melsungen AG (Germany), Beckton
Dickinson (U.S.), C.R.Bard (U.S.), ColoPlast (Denmark), Angio Dynamics (U.S.), St. Jude
Medical (U.S.) and Philips (Netherlands).
The report provides an in depth market analysis of the above mentioned segments across the
following regions:
• North America