Report Highlights
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The global catheter market is estimated at $13.0 billion for 2007 and forecast to grow at a compound annual growth rate (CAGR) of 8.3% to reach $19.4 billion by 2012.
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Urologic catheters and diagnostic cardiovascular catheters especially will drive growth within the catheter market.
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Growth potential in the neurovascular market is strong and waiting to be explored. This market is projected to grow at a CAGR of 9.1% during the forecast period to reach $2.2 billion by 2012.
INTRODUCTION
BCC Research's goal in conducting this study was to determine the present status of the worldwide catheter market and to evaluate its potential over the 5-year period from 2007 to 2012. An assessment of the worldwide catheter market was performed while considering all of its important segments such as cardiovascular, urology, neurovascular, intravenous, and specialty catheters.
SCOPE OF STUDY
This report contains:
- Descriptions of catheter technologies and their potential applications
- The current global market status of catheters, trends, and forecasts for growth over the next 5 years
- Technological issues, including the latest developments
- A discussion of regulatory issues affecting the current market and their potential impact on future markets
- Profiles of major manufacturers/suppliers of catheter technologies.
METHODOLOGY
BCC Research presents an analysis of each segment of catheters depending on its application, using a base year of 2007. Estimated values used are based on what manufacturers have paid in non-depreciated dollars.
INFORMATION SOURCES
Both primary and secondary sources were used in this research. Major sources of primary research information were numerous key players in this industry. Secondary research sources include various Internet sources, company Web sites, financial and trade information, and government sources.
ABOUT THE AUTHOR
Alpita Shah has an MBA in Healthcare and a B.S. in life sciences. She has published many articles and reports in the areas of biotechnology and healthcare. She is familiar with the operations of many healthcare companies.
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Report Highlights
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Fueled by stent revenues, U.S. catheter market sales were forecast to exceed $13.1 billion in 2003. Rising at an AAGR (average annual growthrate) of 12.3%, the market is expected to exceed $23 billion in 2009.
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Coronary catheter applications should pass $8.2 billion in 2009 with 64% of the projected revenue expected from the sale of drug-elutingstents.
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Approximately 50% of U.S. catheter production is exported. Roughly 50% of exports go to Europe and 30% go to Japan.
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Approximately 50% of U.S. catheter production is exported. Roughly 50% of exports go to Europe and 30% go to Japan.
- U.S. companies received more than 63% of recently granted patents.
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