Market Drivers and Pitfalls
Market Research Future (MRFR) analysed the Global Pediatric Catheters Market 2020 through the review period till 2024. As per MRFR assessment, the pediatric catheters market can surge at 9.6% CAGR across the review period. The pediatric catheters market value can exceed above USD 5.9 Bn by 2024. Pediatric catheters are designed of high graded material that are used in the healthcare sector to administer medications to patients that are ejected out by body fluids, such as; urine. They are inserted into the body for the management of different diseases and in case of surgeries. The rise in pediatric populace, increase in prevalence of congenital heart issues and neurological disorders can positively impact the market. However, risk of different infections and less awareness about several pediatric disorders can hamper the pediatric catheters market in the near future. However, increase in their demand across numerous hospitals can counter the market slow-down.
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The segment study of the global pediatric catheters market is done by end user and product type.
The product type-based segments of the pediatric catheters market are urology catheters, cardiovascular catheters, neurovascular catheters, intravenous catheters, and specialty catheters among others. The rise in sales of intravenous catheters can churn up high revenue for the pediatric catheters market in the review period. The end user-based segments of the pediatric catheters market are ambulatory surgical centers, and hospitals and clinics among others. The increase in the count of ambulatory surgical centers can favor the pediatric catheters market in the near future.
Rise in incidence of urological and cardiovascular diseases across the pediatric populace and increase in the demand for minimum invasive surgeries are creating the need for catheters. Pediatric catheters designed of technically advancements procedures that are likely to eliminate the risk of infections can promote the catheters market over the review period. Further, the existence of different initiatives by government across the globe that offer medical cover for new patients can support the pediatric catheters rise across the analysis period.
Regional Market Summary
In Americas, the pediatric catheters market can win decent share of the worldwide market due to the presence of a large pediatric patient pool. The increase in healthcare expenses and the existence of well-developed technology can fuel the market in the near future. In Europe, the pediatric catheters market can surge due to the existence of well-developed healthcare sector, funding from government for research & development projects, and hike in healthcare expenditure across the region. The availability of well-developed technologies can play significant role in the market rise. In Asia Pacific, the pediatric catheters market expansion can be credited to surge in pediatric patient population. Middle East and Africa pediatric catheters market can secure decent share of the world pediatric catheters market as the region is developing its healthcare ecosystem fuelled by funding from foreign investors.
Major Key Players
Cook, Edwards Lifesciences Corporation, Smiths Medical, Medtronic, 180 Medical, Inc., Johnson & Johnson Services, Inc., C. R. Bard, Koninklijke Philips N.V., Boston Scientific Corporation, Abbott, and B. Braun Melsungen AG, BD among others are some prominent names in the global pediatric catheters market that are listed by MRFR. Contributions and critical role played by these reputed marketers are detailed in the report. The rise in launch of new products in line with technological advancements that fuel the competition among key players are discussed vividly in the report through the analysis period. Detailed analysis of market players and valuable insights are detailed in the report.
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