Catheter is a medical device, a thin tube made from medical grade materials, which can be inserted in the body to treat a wide variety of diseases or perform a surgical procedure. Thus, with the rise in global disease burden and increasing number of surgical procedures, the demand for catheters is also increasing with a rapid pace, worldwide.
Market Dynamics:
Increasing prevalence of cardiovascular, neurological, and urological disorders, growing geriatric population, increasing number of minimally invasive surgeries, and increasing demand for catheter are major factors expected to augment the growth of the global catheters market.
For instance, in March 2022, Shockwave Medical announced the launch of its Shockwave M5+ peripheral intravascular lithotripsy catheter after receiving both the CE mark and the United States Food and Drug Administration (FDA) clearance.
Moreover, in February 2022, Cerenovus, part of Johnson & Johnson Medical Devices Companies, announced the launch of Emboguard, a next-gen balloon guide catheter to be used in endovascular procedures, including those for patients with acute ischemic stroke.
Key features of the study:
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