Centesis Catheters Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2022-2030

(Heraldkeepers via Comtex)

Report Ocean presents a new report on Centesis Catheters Market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market's future.

Global Centesis Catheters Market is valued approximately USD 426 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2020-2027.

The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market's future growth.

Catheter is a type of thin tubes made up of medical grade material (such as plastic, silicon rubber and more), which are implanted in the patient's body for diagnostic and therapeutic purposes. Centesis catheter is an over the needle catheter mainly intended for small abscess fluid aspirations and short-term drainage procedures. The Centesis catheters are used in a wide range of diseases, such as cardiovascular, neurovascular, urinary catheter, and many more. Thus, increasing prevalence of cardiovascular diseases, growing inclination for image guided Centesis procedures, and rise in demand for minimally invasive surgeries across the globe are the few factors responsible for high CAGR of the market during the forecast period.

For instance, according to the American Heart Association, the death occurrence due to cardiovascular diseases was about 17.6 million in 2016, and a number is expected to grow to over 23.6 million by 2030. Also, as per the Center for Disease Control and Prevention (CDC), about 610,000 die due to heart diseases in the United States every year. This, in turn, is projected to fuel the demand for cardiovascular catheters around the world.

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With the recent outbreak of Covid-19 across the globe, the apprehension concerning of the shortage of indispensable life-saving devices and other crucial medical supplies is significantly growing in order to prevent the spread of this pandemic and deliver optimum care to the infected patients, which further promoting the market growth in the near future. However, lacking quality assurance, intense price competition at domestic levels and high risk of infection causing due to the use of catheters are the few factors limiting the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Centesis Catheters market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing prevalence of diseases such as cardiovascular and urological, coupled with the availability of well-established healthcare infrastructure in the region.

Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising incidences of neurovascular and cardiovascular diseases, along with improving healthcare infrastructure would create lucrative growth prospects for the Centesis Catheters market across Asia-Pacific region.

Major market player included in this report are:
Cardinal Health, Inc.
Medtronic plc
Becton, Dickinson and Company
Boston Scientific Corporation
B. Braun Melsungen AG
Argon Medical
Teleflex Incorporated
Merit Medical Systems, Inc
AngioDynamics
Cook Medical

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Bore Type:
Large Bore Centesis Catheters
Small Bore Centesis Catheters

By Application:
Diagnostic
Therapeutic
Palliative

By Procedure:
Paracentesis
Thoracentesis
Amniocentesis
Arthocentesis
Others

By End-User:
Hospitals
Ambulatory Surgical Centers
Other

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027

Target Audience of the Global Centesis Catheters Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

What are the aspects of this report that relate to regional analysis?

The report's geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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Source - HeraldKeeper
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