Pediatric Catheters Industry Size, Current Trends, Growth and Industry Forecast 2019-2025
The global pediatric catheters market size is expected to reach USD 9.6 billion in 2025, according to a report by Radiant Insights, Inc., expanding at a CAGR of 9.3% over the forecast period. Key factors attributing to the growth include increase in the pediatric population, rise in congenital heart defects, neurological disorders, urinary tract infections, and lack of adequate new born screening centers in the emerging countries. The pediatric population requires specially designed catheters with smaller dimensions and advanced materials to avoid hospital acquired infections and improve patient compliance.
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In 2018, cardiovascular catheters held the largest market share of 40.5% and is anticipated to exhibit a high CAGR over the forecast period. The congenital heart defects are one of the major reasons for high mortality in pediatric population. Presence of a wide range of products for various cardiac interventions is key factor boosting the segments growth. Moreover, urology catheters are expected to emerge as the fastest growing segment with a CAGR of 10.0% from 2019 to 2025. High growth is anticipated on account of increasing prevalence of bladder, urethra, uterus, and kidney problems in pediatric population.
North America dominated thepediatric catheters market in 2018, with a revenue of USD 1.8 billion and is expected to expand at a high CAGR over the forecast period. Some of the key factors responsible for the high share are growing prevalence of congenital heart defects and urological problems and rising inpatient and emergency room procedures. Moreover, presence of advanced healthcare facilities, strong reimbursement scenario, and favorable federal initiatives to encourage pediatric device development are anticipated to positively reinforce the growth in this region. Asia Pacific is expected to expand at the fastest CAGR of 11.3% over the forecast period. Developing healthcare infrastructure and increasing healthcare expenditure, along with high unmet medical needs, are expected boost the revenue growth.
Some of the key players operating in this market are Cook Medical; Smiths Medical; Edwards Life Sciences Corporation; Medtronic Inc.; and Johnson & Johnson.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/pediatric-catheters-market
Further key findings from the study suggest:
• The cardiovascular catheters segment dominated the market in 2018, accounting for 40.5% share of the total revenue, owing to increasing incidence of congenital heart defects and presence of a large number of products available for cardiac interventions
• The urology catheters segment is anticipated to expand at the fastest CAGR of 10.0% owing to increasing prevalence of urinary bladder, urethra, kidney problems, and diseases in pediatric population
• North America dominated the market in 2018 with a revenue of USD 1.8 billion owing to presence of advanced healthcare facilities, strong reimbursement scenario, and increasing incidence of congenital heart defects and urological problems
• Some of the key players in the market are Cook Medical; Smiths Medical; Edwards Life Sciences Corporation; Medtronic Inc.; and Johnson & Johnson.
Read all Reports of this category @ https://www.radiantinsights.com/catalog/medical-devices
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Download Free Sample Report @ https://www.radiantinsights.com/research/pediatric-catheters-market/request-sample
In 2018, cardiovascular catheters held the largest market share of 40.5% and is anticipated to exhibit a high CAGR over the forecast period. The congenital heart defects are one of the major reasons for high mortality in pediatric population. Presence of a wide range of products for various cardiac interventions is key factor boosting the segments growth. Moreover, urology catheters are expected to emerge as the fastest growing segment with a CAGR of 10.0% from 2019 to 2025. High growth is anticipated on account of increasing prevalence of bladder, urethra, uterus, and kidney problems in pediatric population.
North America dominated thepediatric catheters market in 2018, with a revenue of USD 1.8 billion and is expected to expand at a high CAGR over the forecast period. Some of the key factors responsible for the high share are growing prevalence of congenital heart defects and urological problems and rising inpatient and emergency room procedures. Moreover, presence of advanced healthcare facilities, strong reimbursement scenario, and favorable federal initiatives to encourage pediatric device development are anticipated to positively reinforce the growth in this region. Asia Pacific is expected to expand at the fastest CAGR of 11.3% over the forecast period. Developing healthcare infrastructure and increasing healthcare expenditure, along with high unmet medical needs, are expected boost the revenue growth.
Some of the key players operating in this market are Cook Medical; Smiths Medical; Edwards Life Sciences Corporation; Medtronic Inc.; and Johnson & Johnson.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/pediatric-catheters-market
Further key findings from the study suggest:
• The cardiovascular catheters segment dominated the market in 2018, accounting for 40.5% share of the total revenue, owing to increasing incidence of congenital heart defects and presence of a large number of products available for cardiac interventions
• The urology catheters segment is anticipated to expand at the fastest CAGR of 10.0% owing to increasing prevalence of urinary bladder, urethra, kidney problems, and diseases in pediatric population
• North America dominated the market in 2018 with a revenue of USD 1.8 billion owing to presence of advanced healthcare facilities, strong reimbursement scenario, and increasing incidence of congenital heart defects and urological problems
• Some of the key players in the market are Cook Medical; Smiths Medical; Edwards Life Sciences Corporation; Medtronic Inc.; and Johnson & Johnson.
Read all Reports of this category @ https://www.radiantinsights.com/catalog/medical-devices
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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