19-Sep-2019: The global pediatric
catheters market size is expected to reach USD 9.6
billion in 2025, according to a report by Grand View Research, Inc., expanding
at a CAGR of 9.3% over the forecast period. Key factors attributing to the
growth include increase in the pediatric population, rise in congenital heart
defects, neurological disorders, urinary tract infections, and lack of adequate
new born screening centers in the emerging countries. The pediatric population
requires specially designed catheters with smaller dimensions and advanced
materials to avoid hospital acquired infections and improve patient compliance.
In 2018,
cardiovascular catheters held the largest market share of 40.5% and is
anticipated to exhibit a high CAGR over the forecast period. The congenital
heart defects are one of the major reasons for high mortality in pediatric
population. Presence of a wide range of products for various cardiac
interventions is key factor boosting the segments growth. Moreover, urology
catheters are expected to emerge as the fastest growing segment with a CAGR of
10.0% from 2019 to 2025. High growth is anticipated on account of increasing
prevalence of bladder, urethra, uterus, and kidney problems in pediatric
population.
North America
dominated thepediatric catheters market in 2018, with a revenue of USD 1.8
billion and is expected to expand at a high CAGR over the forecast period. Some
of the key factors responsible for the high share are growing prevalence of
congenital heart defects and urological problems and rising inpatient and
emergency room procedures. Moreover, presence of advanced healthcare
facilities, strong reimbursement scenario, and favorable federal initiatives to
encourage pediatric device development are anticipated to positively reinforce
the growth in this region. Asia Pacific is expected to expand at the fastest
CAGR of 11.3% over the forecast period. Developing healthcare infrastructure
and increasing healthcare expenditure, along with high unmet medical needs, are
expected boost the revenue growth.
Some of the key
players operating in this market are Cook Medical; Smiths Medical; Edwards Life
Sciences Corporation; Medtronic Inc.; and Johnson & Johnson.
In
depth research report on Pediatric Catheters Market
Further key findings from the study suggest:
·
The cardiovascular catheters segment dominated the market in
2018, accounting for 40.5% share of the total revenue, owing to increasing
incidence of congenital heart defects and presence of a large number of
products available for cardiac interventions
·
The urology catheters segment is anticipated to expand at the
fastest CAGR of 10.0% owing to increasing prevalence of urinary bladder,
urethra, kidney problems, and diseases in pediatric population
·
North America dominated the market in 2018 with a revenue of
USD 1.8 billion owing to presence of advanced healthcare facilities, strong
reimbursement scenario, and increasing incidence of congenital heart defects
and urological problems
·
Some of the key players in the market are Cook Medical;
Smiths Medical; Edwards Life Sciences Corporation; Medtronic Inc.; and Johnson
& Johnson.
Grand View Research
has segmented the global pediatric catheters market on the basis of product and
region:
Pediatric Catheters Product Outlook (Revenue, USD Million,
2014 - 2025)
·
Cardiovascular
·
Urology
·
Intravenous
·
Neurovascular
·
Specialty
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About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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