Global Centesis Catheters Market Size, Trends, and Analysis - Forecasts To 2026 By Type (Small-Bore Centesis Catheters, and Large-Bore Centesis Catheters), By Procedure (Paracentesis, Thoracentesis, Arthrocentesis, Amniocentesis, and Others), By Application (Diagnostic Applications, Therapeutic Applications, and Palliative Care Applications), By End-User (Hospitals, Ambulatory Surgical Centers, and Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Centesis Catheters Market: Insights
Catheters are thin tubes made for medical applications from sterilized and medically approved materials. Catheters are inserted into the body to treat ailments and acts as a facilitator for medical surgeries. Catheters are made with varying specifications depending on their end-use. They can be used to treat cardiovascular, neurovascular, ophthalmic, urologic, and gastrointestinal issues. Catheters are commonly inserted into the body’s cavity, vessels, or ducts to drain fluids, administer medicines either in liquid or gaseous forms, facilitate surgical equipment movement, and other specialized applications based on the type of catheter used. Centesis catheters are the catheters specially manufactured to facilitate abscess fluid aspirations and for temporary drainage applications. The needle is fitted with a catheter tube that is connected to a container that penetrates the body’s cavity or vessel and the contents are drained into the container. Centesis catheters are smaller in size than other types of catheters. These catheters offer precision, minimal damage to the surrounding tissue, fewer unnecessary complications, greater results, and easier handling for the professionals. These advantages of centesis catheters have eased the complications arising from complex surgeries and have made previously difficult diagnostic tests easier to conduct. The healthcare industry is witnessing a rising demand for less painful or minimally invasive surgeries. This demand has seen greater investments in the research and development of novel minimally invasive surgical procedures which has, in turn, increased the demand for centesis catheters and their application in surgeries. The centesis catheter market is driven by the growing number of surgeries occurring especially among the geriatric populations. The growing share of geriatric populations in developed nations is expected further increase the demand for centesis catheters for surgical applications. The growing instances of cardiovascular diseases and the growing preference for centesis catheters are also expected to impact the growth of the centesis catheter market. Governments are also investing heavily in surgical devices to ensure adequate quantities are available as non-invasive surgeries are becoming very popular. There is a growing demand for minimally invasive cancer treatment procedures that are also expected to increase the demand for centesis catheters in the market. Growing technological advancements in diagnostics have increased the demand for centesis catheter-aided diagnostic procedures, the growing popularity of these diagnostic techniques is also predicted to have a positive impact on the growth of the centesis catheter market. Centesis catheters are becoming increasingly popular in various applications as patients are beginning to become aware of minimally invasive procedures and their advantages. The centesis catheter market is hampered by the cost of implementation and maintenance of centesis catheters and the complex nature of such procedures.
Centesis Catheters Market: By Type
Based on the different types of centesis catheters available in the market, the centesis catheter market can be segmented into large-bore and small-bore centesis catheter segments. The small-bore centesis catheters segment will have a larger share and will also grow with a higher CAGR value as compared to the large-bore segment. Small-bore centesis catheters have a wider range of applications, greater availability, a growing number of targeted surgical procedures that require centesis catheters, and the growing number of cases where small-bore centesis catheters have had better results than large-bore centesis catheters are expected to increase the demand for small-bore centesis catheters over large-bore centesis catheters.
Centesis Catheters Market: By Procedure
Based on procedures, the centesis catheter market can be segmented into thoracentesis, paracentesis, amniocentesis, arthrocentesis, and others. The paracentesis segment will be the top segment in terms of market value. The growing demand for diagnostic procedures due to the rising incidences of gastrointestinal diseases, liver cirrhosis, cystic fibrosis, the formation of cysts in the peritoneal cavity is expected to increase the demand for paracentesis procedures.
Centesis Catheters Market: By Application
From the various applications of centesis catheters, the centesis catheter market can be segmented into therapeutic applications, diagnostic applications, and palliative care applications segments. The palliative care segment will have the largest share in terms of revenue generation in the market from 2021 to 2026. The palliative care segment is driven by the growing share of the geriatric population and the rising incidences of diseases afflicting them.
Centesis Catheters Market: By End-User
Based on the study, the end-user market can be segmented into ambulatory surgical centers and hospitals. The hospital segment will control the major share from 2021 to 2026. Hospitals are where a large percentage of centesis catheter procedures are carried out as hospitals offer the least risk. Patients also prefer a hospital environment over other facilities which has also impacted the demand for centesis catheters among hospitals.
Centesis Catheters Market: By Region
The North American regional segment will have the highest market value from 2021 to 2026. The North American region has a large percentage of geriatric population and a higher per capita expenditure on healthcare compared to other regions which have had a positive impact on the demand for centesis catheters in the region. The APAC region will grow with the highest CAGR value as compared to all other regions. The APAC region will see an increase in demand for non-invasive and minimally invasive surgical procedures which should cause an increase in the demand for centesis catheters. The region has also seen an increase in the number of cardiovascular, gastrointestinal, liver cirrhosis, and cancer issues in recent years. The growing investment in medical-surgical devices by the governments in the regions is also expected to have a positive impact on the growth of the centesis catheter market in the region.
Centesis Catheters Market: Share & Competitor Analysis
Cardinal Health (US), Medtronic (Ireland), Medical Components, Inc. (the US), Merit Medical Systems (US), MoFlo Medical Technology Co., Ltd. (China), Mermaid Medical A/S (Denmark), Neuromedex GmbH (Germany), PFM Medical, Inc. (US), REDAX (Italy), Polymedicure (India), Rocket Medical plc. (UK), among others, are the majorvendors competing in the centesis cathetersmarket.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Centesis Catheters Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Centesis Catheters Market
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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