The size of the United States catheter market is estimated to be growing at a significant rate during the forecast period.
The rising incidence of cardiovascular diseases and the increasing popularity of minimally invasive surgeries across the U.S. majorly drive the U.S. catheter market growth. Cardiovascular diseases are a leading cause of mortality in the United States, with statistics showing that one person dies every 34 seconds due to heart-related problems. Cardiac catheterization is a diagnostic procedure that involves using a thin, flexible tube to examine the condition of heart valves and their functioning. It is an effective method for treating various heart conditions, such as clogged arteries and irregular heartbeats. Additionally, catheterization procedures are minimally invasive surgeries that result in faster recovery times and fewer incisions. The demand for various types of catheters used in these procedures is thus on the rise, driven by these factors.
The growing geriatric population in the U.S. further fuels the growth rate of the U.S. catheter market. These medical devices are especially vital for elderly patients who suffer from urinary retention, incontinence, cancer, and pressure ulcers. By alleviating the symptoms of these conditions, catheters can significantly improve the quality of life for elderly patients. Additionally, they can reduce the workload on healthcare workers responsible for their care, thereby enhancing overall efficiency in the healthcare system. As the elderly population continues to grow, the demand for catheters is expected to rise accordingly.
The growing number of technological advancements in catheters boosts the growth rate of the U.S. catheter market. Manufacturers and researchers have been focussing on developing advanced catheters equipped with features such as advanced sensors and screen recording capabilities and this trend is likely to accelerate in the coming years and contribute to the growth of the U.S. market. In recent years, the adoption of single-use catheters has increased significantly owing to the ability to reduce the risk of infection. The increasing number of product launches, favorable reimbursement policies and growing government support for the healthcare industry also contribute to market growth. Furthermore, the rising number of product approvals is creating more opportunities for market expansion, thereby driving the growth of the catheter market in the United States.
Furthermore, favorable reimbursement policies, rising government support for the healthcare industry, an increasing number of product approvals and the growing number of product launches support the growth rate of the U.S. catheter market.
Factors such as risks of catheter-associated infections, stringent regulatory policies for catheter approval, availability of alternative treatment options and high cost of advanced catheters majorly hamper the growth of the U.S. catheters market. In addition, the limited availability of skilled professionals to use advanced catheters, lack of awareness among patients and healthcare professionals about the benefits of catheters, product recalls, safety concerns and limited reimbursement coverage for certain types of catheters inhibit the growth rate of the U.S. market.
This research report on the U.S. catheters market has been segmented and sub-segmented into the following categories.
By Distribution Channel:
Geographically, the United States market dominated the global market in 2020, accounting for the largest market share, and is expected to maintain this trend throughout the forecast period.
KEY MARKET PLAYERS:
Boston Scientific Corporation, Medtronic, Becton, Dickinson and Company, Abbott, B. Braun Melsungen AG, ConvaTec Group PLC, Coloplast Group, Cook Medical, Edwards Lifesciences Corporation, Johnson & Johnson Services, Merit Medical Systems, Stryker Corporation, Terumo Corporation, Teleflex Incorporated, Hollister Incorporated, AMG International GmbH, Simeks Tibbi Ürünler, Alvimedica, Medinol Ltd and Amsino International, Inc. are a few of the significant companies operating in the U.S. catheters market.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1200
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: email@example.com