Pediatric Catheters Market - Growth, Size, Share, Industry Analysis 2019- 2027
Global Pediatric Catheters Market Is Expected To Reach US$ 10,112.5 Mn by 2027
The latest market report published by Credence Research, Inc. “Global Pediatric Catheters Market -
Growth, Future Prospects, Competitive Analysis,2019- 2027,” the global pediatric catheters market is
expected to reach from US$ 4,663.8 Mn in 2018 to US$ 10,112.5 Mn by 2027 expanding at a CAGR of
9.0% from 2019 to 2027.
Browse the full report Pediatric Catheters Market - Growth, Future Prospects, Competitive Analysis,
2019 – 2027 report at https://www.credenceresearch.com/report/pediatric-catheters-market
Market Insights
According to the statistics provided by World Health Organization (WHO), every year approximately
303,000 newborn babies die within 4 weeks of their birth due to congenital abnormalities. Several
factors are responsible for the occurrence of congenital defects in newborn babies such as genetic,
nutritional, infectious and environmental impact. Etc. the exact cause still remain unknown. Researchers
are working diligently in developing pediatric catheters with excellent ergonomic features and body
compatible material to minimize the risk associated with catheters and cause less discomfort to the
children post surgery. In the last decade technological advancement in the operating procedures has
been successful in curbing the mortality associated with congenital defects.
Cardiovascular catheters are dominating the product segment for pediatric catheters market. According
to the research findings of National Institute for Health (NIH), the global prevalence rate of congenital
cardiovascular complications is 8 to 12 per 1000 live births. Increasing cases of drug and alcohol abuse
during pregnancy increases the risk of occurrence for congenital cardiovascular disorders in the new
born babies. Genetic predisposition is also related with its occurrence. Urology catheters will be growing
at a rampant pace due to increasing cases of urological disease in children requiring immediate surgical
intervention. Availability in different sizes for children’s belonging to different age group and excellent
ergonomic design aids in healing process post surgery and enhances patient satisfaction.
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North America with a share of 35% is the clear regional leader in global pediatric catheters market. The
major feature which contributes for its dominance are rising prevalence of congenital cardiovascular
complications in newborn requiring immediate surgical intervention to prolong life. Domicile of major
players such as Boston Scientific Corporation, Medtronic, Plc., Johnson & Johnson etc. drive the market
growth in North America region.
Europe is the second largest market holding 31% share on account of supportive regulatory
environment provided by European Medical Agency (EMA) and affordable reimbursement scenario for
the pediatric catheters market. Asia Pacific represents 17% market share on account of increasing
medical tourism and serves as a lucrative market opportunity for western giants to establish
subsidiaries.