The catheters market is highly competitive as there have been a wide number of companies that have increased its focus on developing advanced catheters. Numerous manufacturers have collaborated with major medical device distributors to market and supply its products globally or in certain countries. Various established business players are also adopting numerous organic and inorganic growth strategies to increase their market shares. Also, product launches, mergers and acquisitions, and collaborations are the key strategies undertaken by these companies for sustainable growth. Some of the major players in this market include B. Braun Melsungen AG, Coloplast, ConvaTec Group, Hollister Incorporated, Medtronic PLC, Teleflex, and Boston Scientific Corporation, among others.
Market Dynamics
Increasing adoption of inorganic strategy such as expansion by key market players is expected to increase the demand for global and catheter market. For Instance, on june 08, 2023, Merit Medical Systems, Inc., a manufacturer and marketer of healthcare technology, announced it has completed the acquisition of a portfolio of dialysis catheter products and the BioSentry Biopsy Tract Sealant System from AngioDynamics, Inc. for a total cash consideration of US$100 Billion. Merit also announced the recent acquisition of the Surfacer Inside-Out Access Catheter System from Bluegrass Vascular Technologies, Inc. for a total cash consideration of $32.5 Billion.
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