Abstract
REPORT HIGHLIGHTS
- The global catheter market amounted to $14.5 billion in 2008, and was
projected to increase to nearly $18 billion in 2009. It is expected to reach
$32.1 billion in 2014, for a 5-year compound annual growth rate (CAGR) of
12.3%.
- The market' s cardiovascular segment is the largest with sales of $6
billion in 2008. That is projected to increase to $7.1 billion in 2009, and to
rise at a CAGR of 10.2% to $11.6 billion in 2014.
- The second-largest segment is urology, with revenue of $4.4 billion in
2008, which is expected to reach nearly $6 billion in 2009, and increase to
$13.2 billion in 2014, for the highest CAGR among all segments at 17.1%.
INTRODUCTION
STUDY GOALS AND OBJECTIVES
BCC Research' s goal in conducting this study was to determine the present
status of the worldwide catheter market and to evaluate its potential over the
5-year period from 2009 to 2014. An assessment of the worldwide catheter
market was performed while considering all of its important segments, such as
cardiovascular, urological, neurovascular, intravenous, and specialty
catheters.
REASONS FOR DOING THE STUDY
Catheterization procedures have steadily increased as interventional and
less-invasive procedures have become more popular. Catheters are vital to the
completion of many procedures, and some procedures or interventions,
particularly in cardiovascular surgery and neurosurgery, could not be done
without the use of catheters. In conducting this study, BCC was interested in
determining the areas of catheter applications poised for growth and the
reasons for their growth. New products and their future impact on the market
were also assessed.
SCOPE OF REPORT
BCC studied the current catheter market, anticipated market trends, and then
projected total and sectional market revenues through 2014. The report
includes technological descriptions, issues, applications, market factors, and
market metrics.
The scope of this study encompasses the five major application segments of the
catheter market. BCC Research analyzes each type of catheter segment,
determines its current market status, examines its impact on future markets,
and presents growth forecasts over the next 5 years. Catheter material
analysis, regulatory issues, and the latest technological trends are also
covered. Other influential factors such as patents and company profiles are
discussed.
METHODOLOGY
Both primary and secondary research methodologies were used in this study.
BCC Research presents an analysis of each segment of the catheters industry
depending on its application, using a base year of 2008. Estimated values used
are based on manufacturers' net revenues.
INTENDED AUDIENCE
This study will be of interest to catheter and device manufacturers, catheter
material manufacturers, and venture capitalists and financial institutions
involved in the healthcare industry.
INFORMATION SOURCES
Major sources of primary research information include information from
industry personnel. Secondary research sources include industry association
and company press releases, company Web sites, financial and trade
information, and government sources.
|