Published Date: 30-Jun-2022
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According to a new report, published by KBV research, The Global Catheters Market size is expected to reach $38.3 billion by 2028, rising at a market growth of 8.5% CAGR during the forecast period.
The Cardiovascular segment acquired maximum revenue share in the Global Catheters Market by Product Type in 2021, thereby, achieving a market value of $11.4 billion by 2028. Due to the rising prevalence of cardiovascular diseases, which is driving the market growth for interventional cardiac procedures. This, together with the growing use of cardiac catheters, is likely to propel the industry forward.
The Long-term Care Facilities segment is showcasing a CAGR of 9.5% during (2022 - 2028). It is due to the person’s needs; long-term care is offered in various locations by various caregivers. The majority of long-term care is provided by unpaid friends and family members at home. It can also be administered at an institution, such as a nursing home, or in the community, such as an adult day care center.
The North America market dominated the Global Catheters Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $13.4 billion by 2028. The Europe market is estimated to witness a CAGR of 7.8% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 9.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/catheters-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Boston Scientific Corporation, Medtronic PLC, Johnson & Johnson, Becton, Dickinson and Company, Abbott Laboratories, B. Braun Melsungen AG, Stryker Corporation, Teleflex, Inc., Terumo Corporation, and Cook Medical, Inc.
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