Catheters and Bands Market
Catheter refers to a thin tube manufactured using medical grade materials serving various functions. These medical devices are inserted in the body of an individual during the treatment of varied diseases as well as while performing different surgical procedures. Catheters find wide application across different surgical interventions and diagnostic procedures. Apart from this, they are used to unblock a blocked blood vessel by taking away the dead tissues.
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Bands assist in maintaining hemostasis and in preventing radial artery occlusion. Bands are extensively utilized to offer direct pressure to post-operation sites. At the time of discharge of patients from the hospitals, these band are removed. Over the period of past few years, there is sizable growth in demand for minimally invasive techniques in the worldwide healthcare sector. This factor is generating substantial demand for catheters and bands.
The companies engaged in the catheters and bands market are increasing participation in the new product launch activities. This tactic is helping players in strengthening their product portfolio. In addition to this, enterprises are seen focused on increasing research and development activities. Owing to all these activities, the market for catheters and bands is expected to grow at moderate pace in the years ahead.
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Catheters and Bands Market
Catheters are used widely in diagnostic procedures and surgical interventions. They are also used in unblocking a blocked blood vessel by removing the dead tissues, and treat the damaged target. On the other hand, bands help maintain hemostasis to protect radial artery from occlusion. These are used to give direct pressure to post-operation sites, and are removed before a person gets a discharge from the hospitals.
Catheters and Bands Market
Hollister Incorporated in July 2016, launched VaPro Plus Pocket, which was a pocket free hydrophilic catheter. It was created to provide comfort, discretion, and protection.
Medtronic reported in February 2015 that it has taken over Advanced Uro-Solutions, a firm dealing in creation of neurostimulation products to treat bladder control issues. The take over intended to improve product portfolio of Medtronic for the treatment of an overactive bladder
Coloplast, in September 2016, reported the upcoming launch of a flexible catheter for men, named SpeediCath Flex. This was expected to be a recent addition in the firm’s product portfolio.
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Catheters and Bands Market
Rising number of geriatric population is among the major factors propelling the growth of global catheters and bands market in the span of forthcoming years.
Moreover, advancement in technologies in catheters and bands market is expected to come out as an impact making factor, which is likely to boost the demand in the catheters and bands market. Demand for high efficiency catheters and bands based on their efficiency and user comfort is also of a great importance supporting the growth in catheters and bands markets globally. Key players in the market are concentrating on increase in innovative technologies, Besides, rising demand for minimally invasive techniques is another additional factors propelling the growth in catheters and bands market globally.
Nevertheless, rising catheters abased hospital infections are foreseen to hinder the demand for catheters and band in the market.
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Catheters and Bands Market
Geographically, North America catheters and bands market in 2017, held the major revenue share, and is foreseen to develop at a notable rate within the span of forecast period. Increasing cases of cardiovascular ailments in the mentioned region is a key factor pumping the demand in catheters and bands market in future. In addition, increased cases of changing lifestyle patterns, obesity, and poor dietary habits are expected to accelerate the probability of cardiovascular illness. Besides, increasing old age population is another factor supporting the market growth in the region. Advent of minimally invasive methods is also likely to contribute in demand in future.
Additionally, Europe region is as well anticipated to experience a strong CAGR in the forecast period because of rising geriatric population. Increasing cases of chronic ailments for example, neurovascular illness, cardiac ailments, and urinary disorders are some of the factors working in the favor of European catheters and bands market.
Catheters and Bands Market
For example, Becton, Dickinson and Company in July 2018 took over TVA Medical Inc. The acquisition supported the firm to grow its product portfolio in the products related to end-stage renal ailments, including drug coated balloons, dialysis catheters, and endovascular stent grafts.
The major players are focusing on strategies such as partnerships, mergers and acquisitions, and collaborations. The firms are also indulging into new product launches and expansion of their product portfolio and improving the customer base. B. Braun in December 2017, released Introcan Safety Deep Access IV Catheters that aimed to reduce the complication risk related to deep vein access.
The major firms operating in the global catheters and bands market are Arrow International Inc. (Teleflex Inc.), Abbott Laboratories, B. Braun Melsungen, C.R Bard, Boston Scientific Corporation, Coloplast, Cure Medical, ConvaTec, Edwards Life Sciences Corporation, Johnson & Johnson, Hollister Incorporated, Manfred Sauer, Smiths Medical, Medtronic Inc., Stryker Corporation, and Wellspect Healthcare.
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