European Catheters Market Trends, Size, Competitive Analysis and Forecast 2019-2
Posted by mansi on March 28th, 2020
European catheters market is expected to grow at a CAGR of around 8.4% during the forecast period. A rise in a number of surgeries and increasing demand for minimally invasive procedures is contributing to the growth of the market in Europe. In addition, an increase in geriatric population base and increasing demand for sterile & disposable catheters supplement the market growth. In addition, an increase in demand for sterile & disposable catheters enhances market growth. Touchless catheters are single-use, disposable catheters and are among the type of catheters available for male catheter insertion. Medical Technologies of Georgia, Inc. (MTG) is a supplier of urological catheters in Europe. It developed a closed system catheter which has been proven to reduce the risk of recurrence of Urinary Tract Infections for people who use intermittent catheterization. The major U.S. suppliers, including GE Healthcare, Becton Dickinson, Johnson & Johnson, have subsidiaries in Germany, which is supporting to accelerate the adoption of their medical device products in the region.
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Increasing prevalence of CVD is further strengthening the demand for cardiac catheterization procedure in the region. For instance, as per the Germany Heart Network (EHN), in 2015, there were nearly 11.3 million new cases of CVD in Europe and 6.1 million new cases of CVD in the EU were reported. As per the data published by the British Heart Foundation in January 2020, in UK, 7.4 million people are living with a heart or circulatory disease. This leads the demand for cardiac catheterization which is a minimally invasive diagnostic and treatment alternative used to perform coronary angioplasty and coronary stenting.
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European Catheters Market Segmentation
By Product Type
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Joined: January 22nd, 2020
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