With the emergence and long-term Impact of COVID-19, the Global Catheter Introducer Sheaths Market is to reach USD 1.61 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Catheter Introducer Sheaths Market is poised to raise up to USD 1.61 Billion by 2030. Catheter is a medical device that is used to insert into the body during medical procedures. Catheter introducers are commonly used in a variety of medical procedures, including vascular access for hemodialysis, angiography, and cardiac catheterization, and they come in a range of sizes. The increased incidence of heart attacks and cardiovascular disease are the key factors responsible for Catheter Introducer Sheaths market growth over the forecast period of 2023-2030. According to the World Health Organization, in June 2021, Cardiovascular disease is the leading cause of death globally.
It’s estimated that 17.9 million people died from cardiovascular disease per year. It represents 32% of all global levels and 85% of deaths caused by heart attacks and strokes. The increasing incidence of heart attack and cardiovascular disease is the primary factor of growth in the market. Also, the rise in the prevalence of cardiovascular disease may accelerate market growth. Moreover, technological advancement in the development of advanced catheters for surgeries and an increase in the generic population are anticipated to create positive outlook for the market. However, the availability of alternative treatments and the high cost of devices stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Catheter Introducer Sheaths Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in terms of revenue owing to factors such as increased adoption of advanced medical devices, an increase in the generic population and the increased investment in research and development for product advancement in the region. Asia-Pacific is the fastest-growing region due to its well-established healthcare infrastructure and a large number of research institutions and healthcare facilities in the region.
The global Catheter Introducer Sheaths Market is highly competitive owing to the presence of several key manufacturers such as Boston Scientific International Corporation, Stryker Corporation, Teleflex Incorporated, Merit Medical Systems, Inc., Terumo Corporation, Medtronic plc, and others.
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Global Catheter Introducer Sheaths Market Size study & Forecast, by Type (Integrated Introducer Sheaths, Separate Introducer Sheaths), by French Size (>16F, 16F-10F, <10F), by End-User (Hospitals, Ambulatory Surgical Centers, Others), and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Catheter Introducer Sheaths Market is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2023-2030.
- In the End-user segment, hospitals emerged as the leading market segment in 2022.
- Europe is anticipated to drive regional growth owing to increased adoption of advanced medical devices.
- Asia-Pacific is expected to grow at a high CAGR followed by North America during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
- Integrated Introducer Sheaths
- Separate Introducer Sheaths
By French Size:
- Ambulatory Surgical Centers
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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