psalexa

Catheters and Bands Market by Product (Catheters, Bands), by Catheter Type (Therapeutic, Diagnostic), by Catheter Shape (Pigtail, Judkins Left, Judkins Right, Bypass, Amplatz), by Band Type (Regular, Long), by Procedure Type (Transfemoral, Transradial), by Application (Acute Coronary Syndrome, Pre-Operative Coronary Assessment, Coronary Evaluation, Pulmonary Hypertension, Peripheral Arterial Disease, Bradycardia), by End User (Hospitals, Clinics & Ambulatory Care Centers), by Geography (India, Sri Lanka, Bangladesh, Nepal) – Market Size, Share, Development, Growth, and Demand Forecast, 2014–2024

  • Published: March 2019
  • Report Code: LS11648
  • Available Format: PDF
  • Pages: 254

Catheters and Bands Market Overview

The catheters and bands market in India, Sri Lanka, Bangladesh, and Nepal is estimated to generate $65.3 million revenue in 2018, and is projected to showcase a CAGR of 6.6% during the forecast period. The growth is primarily attributed to growing geriatric population, rising prevalence of cardiovascular diseases (CVDs), increasing government initiatives to raise awareness on CVDs, and improving healthcare infrastructure, across India, Sri Lanka, Bangladesh, and Nepal.

Catheters are thin tubes that are used in surgical interventions and diagnostic procedures. These can also be used to analyze and treat damaged target sites by unblocking the blocked blood vessels or eliminating the diseased tissues. Whereas, bands help in maintaining homeostasis to prevent radial artery occlusion. They are applied to provide direct pressure to post-procedure sites and are removed before patients are discharged from hospitals.

On the basis of product type, the catheters and bands market is bifurcated into catheters and bands. Of the two types of product, catheters are estimated to hold larger share in the market in India, Sri Lanka, Bangladesh, and Nepal, generating $54.8 million revenue in 2018, and is expected to thrive at a CAGR of 7.2% during the forecast period. This is ascribed to increasing prevalence of CVDs and rising number of hospitalization cases in these countries. In terms of volume, around 3,000 thousand units of catheters and bands were sold across India, Sri Lanka, Bangladesh, and Nepal in 2018, which are expected to reach over 5,000 thousand units by 2024.

Based on catheter type, the catheters market in India, Sri Lanka, Bangladesh, and Nepal is bifurcated into therapeutic and diagnostic catheters. The therapeutic catheters are anticipated to be larger and the faster growing category, propelling at a CAGR of 8.4% during the forecast period. Due to increase in the prevalence of CVDs, the demand for therapeutic catheters has risen considerably, as compared to diagnostic catheters.

On the basis of band type, the bands market in India, Sri Lanka, Bangladesh, and Nepal is bifurcated into regular and long bands. The regular bands are expected to hold larger share in the market during the forecast period. This category is expected to generate $8.6 million revenue by 2024, as compared to an estimated value of around $7.0 million in 2018.

Based on end user, the catheters and bands market in India, Sri Lanka, Bangladesh, and Nepal is categorized into hospitals, clinics and ambulatory care centers, and others. Hospitals are anticipated to continue holding the largest share in the market during the forecast period. This category is expected to generate $56.9 million by 2024, as compared to an estimated value of $37.5 million in 2018. Increasing cases of hospitalization and rising number of hospitals are some of the major factors fueling the demand for catheters and bands in hospitals in these countries.

Among all four countries, India was the largest catheters and bands market during the historical period. In 2018, the country is estimated to accounted for around 60.0% share in the market. Improving healthcare infrastructure, presence of established market players, and surging geriatric population in the country are some of the major factors driving the demand for catheters and bands in India.

Catheters and Bands Market Dynamics

Growth Drivers

Some of the key factors driving the growth of the catheters and bands market in India, Sri Lanka, Bangladesh, and Nepal are improving healthcare infrastructure, growing geriatric population, and rising prevalence of CVDs.

Growing geriatric population is a major factor driving the growth of the catheters and bands market in India, Sri Lanka, Bangladesh, and Nepal. According to the United Nations Population Fund, in India, the proportion of population aged 60 years and above was 7.0% in 2009 and is expected to increase to 20.0% by 2050. Moreover, according to the World Health Organization (WHO), Sri Lanka is one of the fastest-aging countries in the world, with its proportion of population aged 60 years or older projected to increase from the current 12.5% to 16.7% by 2021. Thus, surging geriatric population is supporting the growth of the market in these countries.

Catheters and Bands Market Competitive Landscape

Collaborations and acquisitions among the existing key players are expected to boost the catheters and bands market in India, Sri Lanka, Bangladesh, and Nepal. For instance, Becton, Dickinson and Company acquired TVA Medical Inc. in July 2018. The acquisition helped Becton, Dickinson and Company to expand its portfolio of end-stage renal disease products, including dialysis catheters, drug-coated balloons, standard angioplasty balloons, and endovascular stent grafts.

Some of the key players in the catheters and bands market in India, Sri Lanka, Bangladesh, and Nepal are Terumo Corporation; Becton, Dickinson and Company; Medtronic plc; Teleflex Incorporated; Smiths Group plc; Boston Scientific Corporation; Sahajanand Medical Technologies Private Limited; Merit Medical Systems Inc.; Cardinal Health Inc.; Relisys Medical Devices Limited; and Global Surgimed Industries.

Place An Order
USD 4900 USD 5900 USD 7500
Customized Report Solution

Get a bespoke market intelligence solution

 
We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws