Dallas, TX -- (SBWire) -- 02/01/2012 --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. In conducting this study, BCC was interested in determining the areas of catheter applications poised for growth and the reasons for their growth. New products and their future impact on the market were also assessed.
BCC investigated the current catheter market and based projections of total, geographic, and type of product market revenues through 2016 based on current and historical usage, geographical and socio/economic market trends, and new applications and products.
The scope of this study encompasses the six major application segments of the catheter market. BCC Research analyzes each type of catheter segment, determines its current market status, examines its impact on future markets, and presents growth forecasts over the next five years. Catheter material analysis, regulatory issues, and the latest technological trends are also covered. Other influential factors such as patents and company profiles are discussed.
Report Highlights
- The global catheter market was $17.0 billion in 2010 and $21.2 billion in 2011. This global market is projected to increase at a compound annual growth rate (CAGR) of 8.7% reaching a value of $32.1 billion by 2016.
- In 2011, the American region of the market accounted for $11.5 billion and is projected to reach $12.0 billion by the end of forecast period in 2016. The CAGR for the Americas is projected to be 0.7% during the period 2011 to 2016.
- Catheter sales in the region comprised of Western Europe, Eastern Europe, the Middle East, Russia, and Africa (EMRA), were an estimated $6.6 billion in 2011 and are estimated to grow at a CAGR of 15.6% reaching $13.7 billion by 2016.
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.
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Global Markets for Catheters
ReportsnReports adds new industry research report to help determine present status of worldwide catheter market and evaluate its potential over the five-year period from 2011 to 2016.