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.
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Pediatric
Catheters Market Report Highlights
- 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.
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Pediatric
Catheters Market Segmentation
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
Pediatric
Catheters Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- AsiaPacific
- Japan
- China
- India
- South Korea
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand
View Research, Inc. is a 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, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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