Catheters and Bands Market
Catheters are used widely in diagnostic
procedures and surgical interventions. They are also used in unblocking a
blocked blood vessel by removing the dead tissues, and treat the
damaged target. On the other hand, bands help maintain hemostasis to
protect radial artery from occlusion. These are used to give direct
pressure to post-operation sites, and are removed before a person gets a
discharge from the hospitals.
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- Hollister Incorporated in July 2016, launched VaPro Plus Pocket, which was a pocket free hydrophilic catheter. It was created to provide comfort, discretion, and protection.
- Medtronic reported in February 2015 that it has taken over Advanced Uro-Solutions, a firm dealing in creation of neurostimulation products to treat bladder control issues. The take over intended to improve product portfolio of Medtronic for the treatment of an overactive bladder
- Coloplast, in September 2016, reported the upcoming launch of a flexible catheter for men, named SpeediCath Flex. This was expected to be a recent addition in the firm’s product portfolio.
Catheters and Bands Market
Rising number of geriatric population is
among the major factors propelling the growth of global catheters and
bands market in the span of forthcoming years.
Moreover, advancement in technologies in
catheters and bands market is expected to come out as an impact making
factor, which is likely to boost the demand in the catheters and bands
market. Demand for high efficiency catheters and bands based on their
efficiency and user comfort is also of a great importance supporting the
growth in catheters and bands markets globally. Key players in the
market are concentrating on increase in innovative technologies,
Besides, rising demand for minimally invasive techniques is another
additional factors propelling the growth in catheters and bands market
globally.
Catheters and Bands Market
Geographically, North America catheters
and bands market in 2017, held the major revenue share, and is foreseen
to develop at a notable rate within the span of forecast period.
Increasing cases of cardiovascular ailments in the mentioned region is a
key factor pumping the demand in catheters and bands market in future.
In addition, increased cases of changing lifestyle patterns, obesity,
and poor dietary habits are expected to accelerate the probability of
cardiovascular illness. Besides, increasing old age population is
another factor supporting the market growth in the region. Advent of
minimally invasive methods is also likely to contribute in demand in
future.
Additionally, Europe region is as well
anticipated to experience a strong CAGR in the forecast period because
of rising geriatric population. Increasing cases of chronic ailments for
example, neurovascular illness, cardiac ailments, and urinary disorders
are some of the factors working in the favor of European catheters and
bands market.
For example, Becton, Dickinson and
Company in July 2018 took over TVA Medical Inc. The acquisition
supported the firm to grow its product portfolio in the products related
to end-stage renal ailments, including drug coated balloons, dialysis
catheters, and endovascular stent grafts.
The major players are focusing on
strategies such as partnerships, mergers and acquisitions, and
collaborations. The firms are also indulging into new product launches
and expansion of their product portfolio and improving the customer
base. B. Braun in December 2017, released Introcan Safety Deep Access IV
Catheters that aimed to reduce the complication risk related to deep
vein access.
The major firms operating in the global
catheters and bands market are Arrow International Inc. (Teleflex Inc.),
Abbott Laboratories, B. Braun Melsungen, C.R Bard, Boston Scientific
Corporation, Coloplast, Cure Medical, ConvaTec, Edwards Life Sciences
Corporation, Johnson & Johnson, Hollister Incorporated, Manfred
Sauer, Smiths Medical, Medtronic Inc., Stryker Corporation, and
Wellspect Healthcare.
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