Wellesley, Mass. – According to a new technical market
research report, GLOBAL MARKETS FOR CATHETERS (HLC019E) from BCC
the global market for catheters reached nearly $21.2 billion in 2011 and is
expected to increase to $32.1 billion in 2016, a five-year compound annual
growth rate (CAGR) of 8.7%.
The market for catheters can be broken down into three
regions: the Americas;
Europe, The Middle East, Russia
and Africa (EMRA); and Asia.
region of the market, worth $11.5 billion in 2011, is expected to increase at a
CAGR of 0.7% to reach $11.9 billion in 2016.
The EMRA region of the market, worth $6.6 billion in 2011,
is expected to increase at a CAGR of 15.6% to reach nearly $13.7 billion in
The Asian region of the market was valued at $3 billion in
2011 and, by 2016, that value should reach $6.5 billion, a CAGR of 16.7%.
A catheter is a hollow, tube-like structure that can be
inserted into a blood vessel, duct, or body cavity. In modern uses, catheters
allow the drainage of fluids, the infusion of fluids, or act as a conduit to
allow the insertion of surgical or diagnostic instruments into the body cavity.
In some cases, catheters can be large, solid, and relatively hard tubes. In
others, they can be narrow and flexible, depending on the use.
The global catheter market is a diverse industry with both
multinational companies and smaller regional companies participating in a very
competitive market. Catheterization procedures have steadily increased as
interventional and less-invasive procedures have become more popular. Catheters
are vital to the completion of many procedures, and some procedures or
interventions, particularly in cardiovascular surgery and neurosurgery, could
not be done without the use of catheters.
This study will be of interest to catheter and device
manufacturers, catheter material manufacturers, and venture capitalists and
financial institutions involved in the healthcare industry.