Catheters, Cannulas & Medical Needles Market to Expand at 7.8% CAGR to 2021, Predicts Meticulous Research in Report Available at MarketPublishers.com22 Dec 2016 • by Natalie Aster
LONDON – With the ongoing development in the medical domain due to surging need to reduce rising healthcare expenditure, increasing focus on patient safety, booming ageing population, and growing prevalence of different diseases worldwide; needles, catheters, and cannulas have turned out to be an integral part of the present-day healthcare system.
The global market for catheters, cannulas, and medical needles is projected to register a 7.8% CAGR through to 2021 to amount to USD 53.6 billion by 2021. The growth is being propelled by the soaring demand for minimally invasive surgeries to treat chronic or critical care conditions. Additionally, the surging number of geriatric population from pole to pole which more tend to chronic diseases gives a boost to the market for catheters, cannulas, and medical needles. Nevertheless, dearth of qualified physicians and nurse practitioners is likely to have an adverse influence on the growth of the marketplace. Furthermore, the factors like high costs related to endodontic surgeries, and needle anxiety holds the potential to restrain this market’s growth to a certain degree.
New cutting-edge market research report “Global Catheters, Needles, and Cannulas Market Outlook: 2016-2021” drawn up by Meticulous Market Research provides an in-depth analysis of the marketplace, segmented by end-use sectors, modes of purchase, products, and geographic region.
The study provides market sizing and forecast figures to 2021 for each market segment and sub-segment, and offers estimates of the growth rates. It examines the major limiters, driving forces, opportunities and challenges. It sheds light on the burning issues in the market space, contains detailed information on the major suppliers and players in the market, canvasses the competitive scenario, keeps track of the latest developments in the global marketplace, as well as includes various strategies employed by the leading players.
More new research reports by Meticulous Market Research can be found at its page.