Centesis Catheters Market Trend, Share, Growth, Size, Analysis and Forecast 2032

Description

The global Centesis Catheters market size accrued earnings worth approximately USD 561.6 Million in 2023 and is predicted to gain revenue of about USD 930.82 Million by 2032, is set to record a CAGR of nearly 5.71% over the period from 2024 to 2032

Global Centesis Catheters Market: Overview

Centesis catheters refer to the needle catheter design for small drainage procedures or abscess fluid aspirations during different operations like amniocentesis, arthrocentesis, thoracentesis, and paracentesis. The fluid drainage is done by puncturing the body cavity or organ with a hollow needle and thereby clearing content with the help of a proper collection container or syringes. These centesis catheters are divided into small or large bores. These are widely used during the paracentesis associated with chronic liver failure, cystic fibrosis, and gastrointestinal malignancies. It is manufactured with the help of medical-grade materials like polyvinyl chloride, silicone rubber, and plastic.

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Global Centesis Catheters Market: Growth Factors

The global centesis catheters market is anticipated to surpass $633 million during the forecast period with a healthy CAGR of 6.7%. The advancements in the target patient population, particularly the people suffering from chronic ailments like cardiovascular diseases, kidney failure, and tuberculosis, are likely to drive the growth of the global centesis catheters market exponentially in the forthcoming years. It is seen that the incidences of cancer and urinary bladder are increasing, thereby widening the scope of centesis catheter globally. In addition, the growing preference of people for minimally invasive surgery along with image-guided centesis procedures is further likely to spur the growth of the global market significantly in the coming years.

The new product launches and growing efforts by manufacturers to strengthen their product pipeline are expected to offer several lucrative growth opportunities in the global centesis catheters market during the forecast period. For instance, Merit Medical in 2019 introduced the ReSolve Mini Locking Drainage Catheter that’s unique with a 42% smaller pigtail design. In addition, the growing research activities along with heavy investments by leading market players are further expanding the scope of the global centesis catheters market. The outbreak of the covid-19 pandemic has positively impacted the global market. There is a constant increase in the demand for medical supplies globally. Thereby market is expected to further expand manifolds with new growth avenues.

Global Centesis Catheters Market: Segmentation

The global centesis catheters market can be segmented into end-user, application, procedure, type, and region.

By end-users, the market can be segmented into ambulatory surgical centers, hospitals, and others.

By application, the market can be segmented into palliative care applications, therapeutic applications, and diagnostic applications.

By procedure, the market in the segmented into paracentesis, thoracentesis, arthrocentesis, and amniocentesis.

By type, the market can be segmented into large and small bore centesis catheters. The small-bore centesis catheters segment accounts for the largest share in the global market due to the wide availability of these catheters along with the growing number of target procedures that require small bores in the catheters. The paracentesis segment swipes the largest share in the global centesis catheters market due to the growing target health conditions like cystic fibrosis, gastrointestinal malignancies, chronic liver failure, cyst formation, liver cirrhosis, and many others.

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Global Centesis Catheters Market: Regional analysis

Asia Pacific accounts for the largest share in the global centesis catheters market due to the growing number of neurovascular, cardiovascular, and other target procedures in the region. Furthermore, the growing awareness among people regarding the availability of such advanced procedures along with the increasing disposable income of the people is also supporting the growth of the regional market. Also, the growing initiatives by the government support and strengthen the health infrastructure in the region, which in turn will augment the value of the regional market in the forthcoming years.

North America is among the leading region in the global centesis catheters market due to the presence of robust healthcare infrastructure along with the high incidence rates of cancer and other associated chronic ailments in the region.

Global Centesis Catheters Market: Competitive Players

Some of the significant players in the global centesis catheters market include

• Teleflex Incorporated
• Ningbo Honde Medical Instruments Co., Ltd.
• MoFlo Medical Technology Co., Ltd.
• Merit Medical Systems
• Medical Components, Inc.
• and Blue Neem Medical Devices Pvt. Ltd.

Global Centesis Catheters Market: Segment Analysis

By Type

• Large Bore Centesis Catheters
• Small Bore Centesis Catheters

By Procedure

• Paracentesis
• Thoracentesis
• Arthrocentesis

By Application

• Diagnostic Applications
• Therapeutic Applications

By Regions

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.

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