Centesis Catheters Market is anticipated to grow at a CAGR of 6.3% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Centesis Catheters Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global centesis catheters market accounted for over approximately US$ 430 million in 2019. It is anticipated to grow at a CAGR of 6.3% from 2020 to 2030.
The growth of the centesis catheters market can be attributed to several factors such as increasing incidence of target neurological conditions. Moreover, a growing number of clinical research activities for minimally invasive cancer treatment and a rising preference for minimally invasive procedures across the globe are anticipated to further contribute to the global centesis catheters market growth between 2019 and 2030. Additionally, increasing government awareness for improving emergency care infrastructure, coupled with the increasing use of advanced technology in emergency care, is anticipated to further promote the growth of the centesis catheters market during the forecast period.
The adoption of centesis catheters is increasing across key regions majorly due to the growth in the targeted patient population suffering from neurovascular disorders, cardiovascular diseases, and cancer has played a vital role in contributing to the growth of the global centesis catheters industry. Moreover, an increasing number of catheter-assisted clinical research studies in several countries, namely India, China, and other developing countries have emerged as essential contributors to the global centesis catheters market. These factors are leading to an upsurge in the centesis catheters market.
Since the introduction of minimally-invasive procedures, the adoption of such procedures has witnessed significant growth in recent times. Shorter hospital admission time, lesser procedures associated with pain, and fewer complications have played a pivotal role in contributing to the growing adoption of the centesis catheters by surgeons. Growing preference for minimally invasive surgical procedures is likely to further propel the growth of the centesis catheters market.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Centesis Catheters Market By Product Type (Small-bore Centesis Catheters and Large-bore Centesis Catheters), By Procedure (Paracentesis, Thoracentesis, Arthrocentesis, and Amniocentesis), By Application (Diagnostic, Therapeutic, and Palliative Care) and By End User (Hospitals and Ambulatory Surgery Centers) – Global Analysis & Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/centesis-catheters-market/409
However, microsurgeries as compared to their traditional surgeries are expensive, owing to the high cost of centesis catheters, high maintenance cost, which directly contributes to the increased procedure costs of the microsurgeries. In addition limited availability of the product in emerging regions expected to hamper the growth of the target market.
The Asia Pacific centesis catheters market is estimated to grow at the highest CAGR during the forecast period. Increasing population, continuously growing economy, rising disposable income, and increasing awareness regarding centesis catheters are expected to propel the growth of the centesis catheters market in the region. Countries in the APAC, such as India, China, and Japan, are anticipated to provide significant growth opportunities for the global centesis catheters market due to a large number of aging populations susceptible to various diseases.
Some of the prominent players in the centesis catheters market include Medtronic, Teleflex Incorporated, Smiths Group plc., AngioDynamics, B. Braun Melsungen AG, Becton, Dickinson, and Company, Boston Scientific Corporation, Cardinal Health, Cook Medical, and Merit Medical Systems, among others.
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