catheters-market-size-worth-$7484-billion-by-2028-|-cagr:-64%:-grand-view-research,-inc.

Catheters Market Size Worth $74.84 Billion By 2028 | CAGR: 6.4%: Grand View Research, Inc.

 

The global catheters market size is expected to reach USD 74.84 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2021 to 2028. The increasing prevalence of chronic diseases and improving medical facilities are some of the prime factors boosting the market growth. Moreover, the rapidly growing geriatric population has led to increased hospitalizations and surgeries, thereby supporting the market growth.

Key suggestions from the report:

  • On the basis of product type, the cardiovascular catheters segment dominated the market in 2020 with a share of 28.03% due to a rise in the prevalence of cardiovascular disorders, which, in turn, is increasing the demand for the interventional cardiac procedures
  • Based on distribution channel, the hospital stores segment dominated the market in 2020 with a share of 53.83% owing to an increase in the number of hospital admission rates and an upsurge in surgical procedures globally
  • North America dominated the market with a revenue share of 32.05% in 2020 owing to the high incidence rate of chronic disorders as well as the availability of highly skilled physicians in this region.

Read 140 page research report with ToC on “Catheters Market Size, Share & Trends Analysis Report By Product Type (Cardiovascular, Urology, Intravenous, Neurovascular, Specialty), By Distribution Channel (Hospital Stores, Retail Stores), By Region, And Segment Forecasts, 2021 – 2028” at: https://www.grandviewresearch.com/industry-analysis/catheters-market-analysis

A rise in the prevalence of various chronic disorders, such as cardiovascular disorders, urology disorders, strokes, and other chronic conditions, is expected to increase the demand for catheters in medical settings. As per the WHO, every year, 41 million people die due to chronic illnesses, which accounted for 71% of all deaths globally and 60% of the global burden of disease in 2020. Moreover, an increasing number of people in the developing countries of APAC and Latin America are suffering from diabetes owing to factors such as sedentary lifestyles and dietary irregularities. This, in turn, is expected to boost the use of catheters in medical settings. The outbreak of COVID-19 resulted in the demand for catheters globally. For instance, according to the Cardiovascular Fellows Consortium, around 2,548 cardiac catheterization procedures were performed during the COVID-19 pandemic, whereas 4,671 procedures were performed during the same period the previous year.

Technological advancements play a crucial role in driving the market. For instance, the introduction of miniaturized and antimicrobial catheters to reduce catheter-associated infections is expected to favor the market growth. Teleflex introduced Arrow acute hemodialysis catheters based on ARROWg+ard Antimicrobial Technology, which is known for its broad-spectrum of antimicrobial protection.

Grand View Research has segmented the global catheters market on the basis of product type, distribution channel, and region:

  • Catheter Product Type Outlook (Revenue, USD Million, 2016 – 2028)
    • Cardiovascular Catheters
    • Urology Catheters
    • Intravenous Catheters
    • Neurovascular Catheters
    • Specialty Catheters
  • Catheter Distribution Channel Outlook (Revenue, USD Million, 2016 – 2028)
    • Hospitals Stores
    • Retail Stores
    • Others
  • Catheter Regional Outlook (Revenue, USD Million, 2016 – 2028)
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
    • Middle East & Africa (MEA)
      • South Africa
      • Saudi Arabia
      • UAE

List of Key Players of Catheters Market

  • Hollister Incorporated
  • Medtronic
  • Boston Scientific Corporation
  • Edwards Lifesciences
  • Smith Medical Inc.
  • Teleflex Incorporated
  • ConvaTec Group Plc
  • Cure Medical LLC.

Find more research reports on Medical Devices Industry, by Grand View Research:

  • Intravascular Catheters Market – The global intravascular catheters market size was valued at USD 4.1 billion in 2018 & anticipated to grow at a lucrative rate over the forecast period. Key factors driving the market include increasing incidence of cardiovascular disorders, neurological disorders, and urinary tract infections.
  • Pediatric Catheters Market – The global pediatric catheters market size was valued at USD 5.1 billion in 2018 and is anticipated to expand at a 9.3% CAGR from 2019 to 2025.
  • Continuous Peripheral Nerve Block (cPNB) Catheters Market – The global continuous peripheral nerve block (cPNB) catheters market size was estimated at USD 181.4 million in 2017. It is expected to expand at a CAGR of 6.2% over the forecast period
pressure-sensor-market-size-worth-$2448-billion-by-2028-|-cagr:-46%:-grand-view-research,-inc.

Pressure Sensor Market Size Worth $24.48 Billion By 2028 | CAGR: 4.6%: Grand View Research, Inc.

 

The global pressure sensor market size is expected to reach USD 24.48 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 4.6% from 2021 to 2028. The growth can be attributed to the growing application of pressure sensors in automotive, aviation, and consumer electronic appliances. The advancements in Microelectromechanical Systems (MEMS) technology and its rapid adoption in connected devices are expected to create opportunities for market growth over the forecast period.

Key suggestions from the report:

  • In terms of product, the absolute pressure sensor segment is expected to retain its dominance over the forecast period. The growing demand for absolute pressure sensors in applications that demand the provision of low-pressure range for the measurement of the vacuum level in industries is expected to drive the segment growth
  • In terms of type, the wired segment dominated the market in 2020 and is expected to witness growth over the forecast period. The growing demand for wired pressure sensors in the industrial and automotive sectors is driving the segment growth
  • In terms of technology, the piezoresistive segment dominated the market in 2020. The development of Microelectromechanical Systems (MEMS) is anticipated to drive the piezoresistive pressure sensor segment growth over the forecast period
  • In terms of application, the automotive segment dominated the market in 2020. Rapid growth in the usage of pressure sensors in the automotive industry, in equipment such as tire pressure measurement systems, exhaust gas recirculation systems, engine health management systems, and Pressure Monitoring Systems (TPMS), is expected to fuel the automotive segment growth
  • The increasing adoption of pressure sensors in emerging economies such as China and India is expected to create growth opportunities for the market players in the Asia Pacific region over the forecast period

Read 150 page research report with ToC on “Pressure Sensor Market Size, Share & Trends Analysis Report By Product, By Type, By Technology (Piezoresistive, Optical), By Application, By Region, And Segment Forecasts, 2021 – 2028” at: https://www.grandviewresearch.com/industry-analysis/pressure-sensors-industry

Furthermore, increasing consumer preference for compact electronic appliances is creating the need for MEMS pressure sensors. MEMS is the technology that miniaturizes electro-mechanical and mechanical elements that are made using microfabrication techniques. Various companies are focused on providing MEMS pressure sensors for selective industries. For instance, Robert Bosch is providing MEMS pressure sensors for the consumer and automotive industries while Honeywell and NXP are focusing on automotive, medical, industrial, and aviation verticals.

Government bodies across the globe are making it mandatory to implement a tire pressure monitoring system, which is driving the demand for pressure sensors. For instance, in September 2020, the Ministry of Road Transport and Highways in India announced that the tire pressure monitoring system would become mandatory in India in the coming days. India’s government is moving on the path of transforming the automotive industry to increase its contribution to GDP.

The COVID-19 pandemic is anticipated to impact market growth favorably in the near future. Heart failure is a major health problem and the leading cause of hospitalization in western countries. CardioMEMS is one of the therapeutic monitoring systems gaining traction in recent days. It is an advanced system that uses an implantable pulmonary artery pressure sensor. It was widely used for remote care for heart failure during the COVID-19 situation.

Grand View Research has segmented the global pressure sensor market on the basis of product, type, technology, application, and region:

  • Pressure Sensor Product Outlook (Revenue, USD Million, 2016 – 2028)
    • Absolute Pressure Sensors
    • Differential Pressure Sensors
    • Gauge Pressure Sensors
  • Pressure Sensor Type Outlook (Revenue, USD Million, 2016 – 2028)
    • Wired
    • Wireless
  • Pressure Sensor Technology Outlook (Revenue, USD Million, 2016 – 2028)
    • Piezoresistive
    • Electromagnetic
    • Capacitive
    • Resonant Solid-State
    • Optical
    • Others
  • Pressure Sensor Application Outlook (Revenue, USD Million, 2016 – 2028)
    • Automotive
    • Oil & Gas
    • Consumer Electronics
    • Medical
    • Industrial
    • Others
  • Pressure Sensor Regional Outlook (Revenue, USD Million, 2016 – 2028)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Russia
      • Nordic Region
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
    • Latin America
      • Brazil
      • Argentina
    • Middle East & Africa
      • UAE
      • Saudi Arabia

List of Key Players in the Pressure Sensor Market

  • AlphaSense
  • City Technology Ltd.
  • Dynament Ltd.
  • Figaro Engineering Inc.
  • Membrapor AG.
  • Nemoto & Co., Ltd.
  • Robert Bosch LLC.
  • ABB Ltd.
  • Siemens AG.
  • GfG Europe Ltd

Find more research reports on Sensors & Controls Industry, by Grand View Research:

  • Industrial Refrigeration Systems Market  The global industrial refrigeration system market size is expected to reach USD 26.90 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2020 to 2027.
  • Smart Homes Market  The global smart homes market is expected to reach USD 47.61 billion by 2020. Emphasis on reduced carbon emission and energy conservation are expected to be the key driving forces for the market over the forecast period.
  • Ammonia Market  The global ammonia market size is anticipated to reach USD 76.64 billion by 2025.  The rising demand for ammonia in the fertilizer industry is expected to boost industry growth.