The Global Centesis Catheters Market Size is valued at 555.08 million in 2023 and is predicted to reach 874.28 million by the year 2031 at a 5.94% CAGR during the forecast period for 2024-2031.
The increased prevalence of chronic diseases in elderly and young populations will probably increase demand for Centesis catheters. The centesis catheters market demand is projected to grow due to chronic diseases like cancer, cardiovascular disease, and tuberculosis. The centesis catheters market growth is expanding because of the increased demand and preference for image-guided centesis operations and their increased effectiveness in treating the target condition.
According to cancer research studies, 9.6 million deaths worldwide are attributable to the disease, and this statistic is anticipated to increase the demand for centesis catheters. Furthermore, introducing a new product and innovations in catheters that provide non-invasive therapy will likely improve the product's acceptance in the market. For example, Merit Medical will introduce the ReSolve MiniTM Locking Drainage Catheter in 2021. The ReSolve Mini is intended for percutaneous fluid drainage from bodily cavities or a specific area. Its micro pigtail design is 42% smaller than the ReSolve Locking Drainage Catheter's standard pigtail, making it possible to insert the catheter into tiny fluid pockets.
Recent Developments:
- In June 2021, JSW Cement Limited entered the construction chemicals sector with a new range of green products that consume less water during usage. It replaces the use of river sand in the concrete pouring process with screening residues, thereby protecting natural resources and helping to prevent landslides, floods and air pollution.
Competitive Landscape:
Some of the Centesis Catheters market players are:
- AngioDynamics, Inc. (US)
- ARGON MEDICAL
- Avanos Medical Devices (US)
- Axiom Medical, Inc. (US)
- Braun Melsungen AG (Germany)
- BD
- Blue Neem Medical Devices Pvt. Ltd. (India)
- Boston Scientific Corporation
- Braun SE
- Canadian Hospital Specialties Ltd. (Canada)
- Cardinal Health (US)
- Cook Medical (US)
- Galt Medical Corp. (US)
- Guangzhou Leadgem Medical Device Co., Ltd. (China)
- KM Medical (US)
- Medical Components, Inc. (US)
- Medtronic (Ireland)
- Merit Medical Systems (US)
- Mermaid Medical A/S (Denmark)
- PFM Medical, Inc.
- Redax S.P.A.
- Rocket Medical Plc
- Teleflex Incorporated
- UreSil, LLC.
Market Segmentation:
The Centesis Catheters market is segmented based on type, procedure, application, and end-use. Type segment segregated into Small-Bore Centesis Catheters and Large-Bore Centesis Catheters. The procedure segment includes Paracentesis, Thoracentesis, Arthrocentesis, Amniocentesis, and other Centesis Procedures. By application, the market is segmented into Diagnostic Applications, Therapeutic Applications, and Palliative Care Applications. Other applications include Hospitals, Ambulatory Surgical Centers, and other End Use.
Based On Type, The Small Bore Centesis Catheters Segment Is Accounted As A Substantial Contributor In The Centesis Catheters Market
The small bore centesis catheters category is expected to hold a significant share of the global Centesis Catheters market in 2024. The centesis catheters market is currently dominated by the small-bore segment, which is anticipated to experience the most significant CAGR growth over the following years. The increasing number of patients with gastrointestinal cancers, liver cirrhosis, intestinal chronic liver failure, tuberculosis, cystic fibrosis, tuberculosis, the development of cysts in the peritoneal cavity, and severe hepatitis all contribute to the segment's rise. Moreover, patients can tolerate small-bore centesis catheters' reduced pain and improved effectiveness. Moreover, smaller tubes are more prone to clogging and might occasionally drain more slowly, making them less efficient. This element may limit the market's ability to grow.
Hospitals Segment To Witness Growth At A Rapid Rate
The centesis catheter market is anticipated to pay more attention to the hospital sector, and projected that market to rise over the projection period. The increasing number of ambulatory surgical centres, along with advancing technologies and investments in research and development, are all credited with the segment's rise. Furthermore, it is predicted that the category will experience rapid expansion due to an increase in surgical procedures brought on by the ageing population. The market is expected to rise as a result of medical procedures such as liver cirrhosis, GIT cancers, and intestinal chronic liver failure. However, these treatments are essential to operate, and patients prefer hospital settings to operate rooms.
The North America Centesis Catheters Market Holds Significant Revenue Share In The Region
Due to its most significant market share in 2023, North America is positioned to dominate the global market for centesis catheters. Fusions and strategic alliances amongst regional market participants are evidence of the region's growth. Moreover, the presence of market participants such as AngioDynamics, Inc. (US), ARGON MEDICAL, Avanos Medical Devices, Axiom Medical, Inc., B. Braun Melsungen AG, and Becton, Dickinson, and Company is anticipated to propel the industry's expansion. The increased frequency of chronic diseases in the area, such as cardiovascular diseases and neurovascular diseases, as well as other target operations carried out in the area, are additional factors contributing to the Centesis Catheters market expansion.
Centesis Catheters Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 555.08 Mn |
|
Revenue forecast in 2031 |
USD 874.28 Mn |
|
Growth rate CAGR |
CAGR of 5.94% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million and Volume (No. of Units) |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Type, Procedure, Application, And End-Use |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Cardinal Health, Medtronic, Boston Scientific Corporation, BD, B. Braun SE, Merit Medical Systems, Teleflex Incorporated, AngioDynamics, Cook , and UreSil, LLC. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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