Intravascular Catheter Market Expected to Reach $9

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According to The Business Research Company’s research report on Intravascular Catheters Market, rising hospitalization rate due to high prevalence of chronic diseases is driving the growth of intravascular catheters market. Globally, the prevalence of chronic diseases and conditions is increasing. Intravascular catheters are used to collect specimens for testing and supply of fluids, nutrients, and blood during the treatment of chronic diseases.

According to an estimate by a German healthcare company, Fresenius Medical Care, the number of people with chronic kidney disease is expected to increase from 3.7 million patients in 2020 to 4.9 million by 2025. As a result , increasing hospitalization rate due to high prevalence of chronic diseases is expected to propel the growth of the intravascular catheters market over the coming years.

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The global intravascular catheter market is expected to grow from $5.29 billion in 2021 to $5.87 billion in 2022 at a compound annual growth rate (CAGR) of 10.92%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The intravascular catheters market share is expected to reach $9.15 billion in 2026 at a compound annual growth rate (CAGR) of 11.73%.

According to the intravascular catheters market overview, product innovations are a key trend gaining popularity in the intravascular catheters market. The major players in the intravascular catheters market are focusing on innovating new products with advanced features to strengthen their position. For example, in July 2022, B. Braun Medical Inc., a German medical device and pharmaceutical company, launched the Introcan Safety 2 IV catheter with unique blood control, making IV access safer for the clinician. reducing the risk of blood exposure and needlestick accidents. In addition, in March 2022, Shockwave Medical Inc, a company that creates and sells medical devices, introduced the Shockwave M5+ catheter, specially designed to treat calcified lesions of the iliac, femoral, ilio-femoral, popliteal, infra-popliteal arteries. and kidneys of the lower limbs otherwise difficult to treat.

Key Players of Intravascular Catheters Market are Cook Medical, Smiths Medical, Edwards Life Sciences Corporation, Medtronic Inc, Johnson & Johnson, McKesson Medical Surgical Inc, Terumo Corporation, Abbott Laboratories Inc, Boston Scientific Corp, Getinge AB, Coloplast Corp, Cardinal Health, Conavi Medical, Infraredx Inc, BD, MAQUET Holding BV & Co KG, Vitality Medical, BBraun, Koninklijke Philips NV, Lumend Corporation, Covidien Ag, Acist Medical Systems, Biotronic SE & COKG, Biosense Webster Inc, Cordis, QX Medical and Teleflex Incorporated.

The global intravascular catheters market is segmented by product into short PIVC, integrated/closed PIVC; by application in oncology, gastroenterology, renal disease, infectious diseases, other applications; by end use in hospitals, clinics, ambulatory surgery centers, home care.

North America was the greater region in the intravascular catheters market in 2021. Asia Pacific should be the fastest growing region in the intravascular catheters market over the forecast period. Regions covered in the Intravascular Catheters market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.

Global Intravascular Catheters Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide Intravascular Catheters Market size and growth forecast , Intravascular Catheters Market Segments and Geographies, Intravascular Catheters Market Trends, Intravascular Catheters Market Drivers and Restraints, Revenue, Profiles and Market Share of Top Intravascular Catheters Market Competitors in 1000+ Reports of the industry, covering more than 2,500 market segments and 60 geographies.

The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders.

A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

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