Global Catheters Market to Reach $69.3B by 2026 - Industry Insight & Opportunity Assessment - ResearchAndMarkets.com

The "Catheters Market Research Report by Lumen, Product, End-user, and Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Catheters Market was estimated at USD 45.26 billion in 2020, is expected to reach USD 48.44 billion in 2021, and projected to grow at a CAGR of 7.35% reaching USD 69.31 billion by 2026.

In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.

Market Dynamics

• Drivers
  • Growing Incidence of Chronic Diseases Among the Population Globally
  • Rising Preference for Minimally Invasive Procedures
  • Increasing Geriatric Population with Incontinence Problems
• Restraints
  • Concerns Over Infections and Other Complications
• Opportunities
  • Proliferation in the Favorable Government Funding for R&D Activities
  • Emerging Number of Midscale Catheter Manufacturers
• Challenges
  • Rise in the Number of Product Recalls and Failures
  • Issues Pertinent with Trade Barriers and Taxation

Cumulative Impact of COVID-19

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. The analyst's ongoing research amplifies their research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Competitive Strategic Window

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Catheters Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

Companies Profiled

• Abbott Laboratories
• Access Vascular, Inc.
• Alvimedica
• AMG International GmbH
• Amsino International, Inc.
• B. Braun Melsungen AG
• Becton, Dickinson and Company
• Boston Scientific Corporation
• Coloplast Group
• ConvaTec Group PLC
• Cook Medical Incorporated
• Cure Medical LLC
• Edwards Lifesciences Corporation
• Hollister Incorporated
• Johnson & Johnson Services Inc.
• Medinol Ltd.
• Medtronic PLC
• Merit Medical Systems
• RIST Neurovascular, Inc.
• Simeks Tibbi Urunler
• Smith Medical Inc.
• Stryker Corporation
• Teleflex Incorporated
• Terumo Corporation

For more information about this report visit https://www.researchandmarkets.com/r/o74kk7

View source version on businesswire.com: https://www.businesswire.com/news/home/20211015005345/en/