Pediatric Catheters Market Overview:

Market Research Future (MRFR) analyzed the Global Pediatric Catheters Market 2020 through the review period till 2024. As per MRFR assessment, the pediatric catheters market can surge at 9.6% CAGR across the review period. The pediatric catheters market value can exceed above USD 5.9 Bn by 2024. Pediatric catheters are designed of high graded material that are used in the healthcare sector to administer medications to patients that are ejected out by body fluids, such as urine. They are inserted into the body for the management of different diseases and in case of surgeries. The rise in pediatric populace, increase in prevalence of congenital heart issues and neurological disorders can positively impact the market. However, risk of different infections and less awareness about several pediatric disorders can hamper the pediatric catheters market in the near future. However, increase in their demand across numerous hospitals can counter the market slow-down.

The Pediatric catheters market growth 2020 could project a strong growth rate of 9.6% over the review period (between 2019 and 2024), presumes MRFR (Market Research Future). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Pediatric Catheters Market Players:

Top industry competitors are 180 Medical, Inc., Smiths Medical, Medtronic, Koninklijke Philips N.V., C. R. Bard, Cook, Edwards Lifesciences Corporation, Abbott, B. Braun Melsungen AG, BD, Johnson Johnson Services, Inc., Boston Scientific Corporation, and more. Among others are some key companies in the global Pediatric Catheters that are listed by MRFR for market research.

Pediatric Catheters Market Segmentation:

The segment study of the global pediatric catheters market is done by end user and product type.

The product type-based segments of the pediatric catheters market are urology catheters, cardiovascular catheters, neurovascular catheters, intravenous catheters, and specialty catheters among others. The rise in sales of intravenous catheters can churn up high revenue for the pediatric catheters market in the review period. The end user-based segments of the pediatric catheters market are ambulatory surgical centers, and hospitals and clinics among others. The increase in the count of ambulatory surgical centers can favor the pediatric catheters market in the near future.

Rise in incidence of urological and cardiovascular diseases across the pediatric populace and increase in the demand for minimum invasive surgeries are creating the need for catheters. Pediatric catheters designed of technically advancements procedures that are likely to eliminate the risk of infections can promote the catheters market over the review period. Further, the existence of different initiatives by government across the globe that offer medical cover for new patients can support the pediatric catheters rise across the analysis period.

Pediatric Catheters Market Regional Analysis:

The Americas and APAC/Asia Pacific along with MEA/Middle East Africa and Europe are the primary markets for pediatric catheters.

The Americas is most likely to clinch the leading position in the global market, given the consistently expanding pediatric population afflicted with several diseases. The high burden of urological issues as well as congenital heart defects along with the surge in inpatient and emergency room procedures could also bolster the market size in the region. Presence of well-equipped medical facilities, supportive reimbursement policies and federal initiatives that result in more pediatric device development also induce significant market growth in the region.

Charging ahead at the fastest rate is the APAC market, primarily owing to the substantial pediatric patient populace. The application segment of catheters in the region is the highest in cardiovascular diseases, which is quite prevalent among children. Various other anomalies are also increasingly affecting the low and middle-income population in the region, which fuels the need for advanced pediatric catheters. Another encouraging factor can be the considerable growth of private and public healthcare infrastructure in India, China, and others.

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