Centesis Catheters Market

Centesis Catheters Market by Type (Small and Large bore), Procedure (Paracentesis, Thoracentesis, Amniocentesis), Application (Diagnosis, Therapeutics and Palliative care), End user (Hospitals, Ambulatory surgery centers), Region - Global Forecast to 2025

Report Code: MD 7655 May, 2020, by marketsandmarkets.com

[155 Pages Report] The global centesis catheters market is projected to reach USD 633 million by 2025 from USD 426 million in 2019, at a CAGR of 6.8%. Growth in the global centesis catheters market can be attributed to factors such as the rising target patient population (particularly patients suffering from cancer, TB, and cardiovascular diseases), growing preference for image-guided centesis procedures, and the increasing evidence for the efficacy of centesis procedures for target diseases. However, premium product pricing and complexities associated with centesis procedures are some of the major factors that are expected to restrain the growth of this market in the coming years.

Centesis Catheters Market

Small-bore centesis catheters segment to grow at the highest rate in the centesis catheters market, by type, during the forecast period

Based on type, the centesis catheters market is segmented into small-bore and large-bore centesis catheters. The small-bore centesis catheters segment accounted for the largest share of this market in 2018. The large share of this segment can be attributed to the wide availability of small-bore centesis catheters, growing number of target procedures that require small-bore centesis catheters, increasing evidence of the efficacy and safety of small-bore centesis catheters over large-bore centesis catheters, and their higher adoption in diagnostic centesis procedures.

Paracentesis procedures segment accounted for the largest share of the centesis catheters market, by procedure, in 2018

Based on procedure, the centesis catheters market is segmented into paracentesis, thoracentesis, arthrocentesis, amniocentesis, and other procedures. The paracentesis segment accounted for the largest share of this market in 2018. The rising incidence of target conditions such as gastrointestinal malignancies, liver cirrhosis, cystic fibrosis, intestinal tuberculosis, chronic liver failure, formation of cysts in the peritoneal cavity, and serious forms of hepatitis is expected to drive the growth of this market segment in the coming years. However, the thoracentesis segment is expected to grow at the highest rate during the forecast period.

Asia Pacific market is estimated to grow at the highest CAGR in the coming years

Geographically, this market is classified into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. In 2018, North America was the largest regional market for centesis catheters. This can primarily be attributed to the high number of cardiovascular, neurovascular, and other target procedures performed in the region. Factors such as the large patient pool, the presence of a well-established healthcare system, and on-going investments by hospitals to upgrade their operating rooms are driving the growth of this regional market.

The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period. This can be attributed to the presence of a large patient pool, increasing incidence and prevalence of target diseases, improving healthcare infrastructure in Asian countries, and the favorable government initiatives for improving access to healthcare.

Centesis Catheters Market

Key Market Players

The key players operating in the global centesis catheters market are AngioDynamics, Inc. (US), ARGON MEDICAL (US), Avanos Medical Devices (US), Axiom Medical, Inc. (US), B. Braun Melsungen AG (Germany), Becton, Dickinson and Company (US), Blue Neem Medical Devices Pvt. Ltd. (India), Boston Scientific Corporation (US), Canadian Hospital Specialties Ltd. (Canada), Cardinal Health (US), Cook Medical (US), Galt Medical Corp. (US), Guangzhou Leadgem Medical Device Co., Ltd. (China), KM Medical (US), Medical Components, Inc. (US), Medtronic (Ireland), Merit Medical Systems (US), Mermaid Medical A/S (Denmark), MoFlo Medical Technology Co., Ltd. (China), Neuromedex GmbH (Germany), Ningbo Honde Medical Instruments Co., Ltd. (China), PFM Medical, Inc. (US), Polymedicure (India), REDAX (Italy), Rocket Medical plc. (UK), Romsons (India), Smiths Medical (US), Teleflex Incorporated (US), UreSil, LLC (US), and Utah Medical Products, Inc. (US).

Public companies such as Cardinal Health, Medtronic, Boston Scientific, and BD accounted for a significant share of this market in 2018. However, private companies such as Cook Medical, UreSil, Galt Medical, Axiom Medical, Mermaid Medical, PFM Medical, and REDAX Medical, among other companies, are also estimated to have a strong presence in this market and are competing with the major public companies for market share. Major companies in this market, such as Cook Medical and Merit Medical, are focusing on strategic expansions to strengthen their presence in various geographies and expand their customer base.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2018

Forecast period

2019–2025

Forecast units

Value (USD)

Segments covered

Type, Procedure, Application, End User, and Region

Geographies covered

North America (US & Canada), Europe (Germany, France, UK, Italy, Spain, and RoE), APAC (Japan, China, India, Australia, South Korea, and RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), and the Middle East and Africa

Companies studied
(30 major players)

AngioDynamics, Inc. (US), ARGON MEDICAL (US), Avanos Medical Devices (US), Axiom Medical, Inc. (US), B. Braun Melsungen AG (Germany), Becton, Dickinson and Company (US), Blue Neem Medical Devices Pvt. Ltd. (India), Boston Scientific Corporation (US), Canadian Hospital Specialties Ltd. (Canada), Cardinal Health (US), Cook Medical (US), Galt Medical Corp. (US), Guangzhou Leadgem Medical Device Co., Ltd. (China), KM Medical (US), Medical Components, Inc. (US), Medtronic (Ireland), Merit Medical Systems (US), Mermaid Medical A/S (Denmark), MoFlo Medical Technology Co., Ltd. (China), Neuromedex GmbH (Germany), Ningbo Honde Medical Instruments Co., Ltd. (China), PFM Medical, Inc. (US), Polymedicure (India), REDAX (Italy), Rocket Medical plc. (UK), Romsons (India), Smiths Medical (US), Teleflex Incorporated (US), UreSil, LLC (US), and Utah Medical Products, Inc. (US).

This research report categorizes the centesis catheters market based on type, procedure, application, end user, and region.

By Type

  • Small-bore Centesis Catheters
  • Large-bore Centesis Catheters

By Procedure

  • Paracentesis
  • Thoracentesis
  • Arthrocentesis
  • Amniocentesis
  • Other procedures

By Application

  • Diagnostic Applications
  • Therapeutic Applications
  • Palliative Care Applications

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Other End Users

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of the Asia Pacific (RoAPAC)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (Rest of LATAM)
  • Middle East and Africa

Recent Developments

  • In 2019, Galt Medical Corp (US) acquired Arrotek Medical Limited (Ireland) that expanded the former’s minimally invasive devices portfolio.
  • In 2019, Merit Medical (US) launched the ReSolve Mini Locking Drainage Catheter with a 42% smaller pigtail design (as compared to the other ReSolve Mini drainage catheters offered by the company).
  • In 2017, Teleflex Incorporated (US) acquired Vascular Solutions, Inc. (US).
  • In 2017, Cardinal Health (US) acquired the Patient Care, Deep Vein Thrombosis, and Nutrient Insufficiency business lines from Medtronic, plc (Ireland).

Key questions addressed by the report:

  • What are the growth opportunities related to the adoption of centesis catheters across major regions in the future?
  • What is the prevailing competitive scenario among the key players in the centesis catheters market?
  • What are the various medical procedures and applications wherein centesis catheters find a high adoption rate?
  • What are the new research findings with regard to centesis catheter-based procedural applications?
  • What will be the future trends that will shape the global centesis catheters market over the next five years?

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents    

1 Introduction    
     1.1 Objectives of the Study   
     1.2 Market Definition   
     1.3 Study Scope   
             1.3.1 Markets Covered  
             1.3.2 Years Considered for the Study  
     1.4 Currency Used for the Study   
     1.5 Stakeholders   

2 Research Methodology    
     2.1 Research Data   
             2.1.1 Secondary Data  
                       2.1.1.1 Key Data From Secondary Sources 
             2.1.2 Primary Data  
                       2.1.2.1 Key Data From Primary Sources 
                       2.1.2.2 Breakdown of Primaries 
     2.2 Market Estimation Methodology   
             2.2.1 Revenue Mapping-Based Market Estimation  
             2.2.2 Usage-Based Market Estimation  
             2.2.3 Primary Research Validation  
     2.3 Data Triangulation Methodology   
     2.4 Research Assumptions   
     2.5 Research Limitations   

3 Executive Summary    

4 Premium Insights    

5 Market Overview    
     5.1 Introduction   
     5.2 Market Dynamics   
             5.2.1 Drivers  
             5.2.2 Restraints  
             5.2.3 Opportunities  
             5.2.4 Challenges  

6 Centesis Catheters Market, By Bore Type    
     6.1 Introduction   
     6.2 Large Bore Centesis Catheters   
     6.3 Small Bore Centesis Catheters   

7 Centesis Catheters Market, By Application    
 7.1 Introduction   
 7.2 Diagnostic   
 7.3 Therapeutic   
 7.4 Palliative   

8 Centesis Catheters Market, By Procedure    
 8.1 Introduction   
 8.2 Paracentesis   
 8.3 Thoracentesis   
 8.4 Amniocentesis   
 8.5 Arthocentesis   
 8.6 Other Centesis Procedures   

9 Centesis Catheters Market, By End User    
     9.1 Introduction   
     9.2 Hospitals   
     9.3 Ambulatory Surgical Centers   
     9.4 Other End Users   

10 Centesis Catheters Market, By Region    
      10.1 Introduction   
      10.2 North America   
               10.2.1 US
               10.2.2 Canada         
      10.3 Europe   
               10.3.1 Germany  
               10.3.2 UK  
               10.3.3 France  
               10.3.4 Italy  
               10.3.5 Spain  
               10.3.6 Rest of Europe  
      10.4 Asia Pacific   
               10.4.1 Japan  
               10.4.2 China  
               10.4.3 India  
               10.4.4 Australia  
               10.4.5 South Korea  
               10.4.6 Rest of Asia Pacific  
      10.5 Latin America   
               10.5.1 Brazil  
               10.5.2 Mexico  
               10.5.3 Rest of Latin America  
      10.6 Middle East and Africa   
               10.6.1  

11 Competitive Landscape    
      11.1 Overview   
      11.2 Global Market Share Analysis (2019)   
      11.3 Competitive Scenario   
               11.3.1 Key Product Launches and Approvals (2016–2019)  
               11.3.2 Key Agreements, Partnerships, and Collaborations (2016–2019)  
               11.3.3 Key Acquisitions (2016–2019)  
               11.3.4 Key Expansions (2016–2019)  
      11.4 Competitive Leadership Mapping   
               11.4.1 Competitive Leadership Mapping: Major Market Players (2019)  
                           11.4.1.1 Vanguards 
                           11.4.1.2 Innovators 
                           11.4.1.3 Dynamic Players 
                           11.4.1.4 Emerging Companies 
               11.4.2 Competitive Leadership Mapping: Emerging Companies/SMEs/Start-UPS (2019)  
                           11.4.2.1 Progressive Companies 
                           11.4.2.2 Starting Blocks 
                           11.4.2.3 Responsive Companies 
                           11.4.2.4 Dynamic Companies 

12 Company Profiles    
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*    
 12.1 Cardinal Health, Inc  
 12.2 Medtronic plc  
 12.3 Becton, Dickinson and Company  
 12.4 Boston Scientific Corporation  
 12.5 B. Braun Melsungen AG  
 12.6 Argon Medical  
 12.7 Teleflex Incorporated  
 12.8 Merit Medical Systems, Inc  
 12.9 AngioDynamics  
 12.10 Cook Medical  
 12.11 Galt Medical Corp  
 12.12 Uresil, LLC  
 12.13 Redax S.p.A.  
 12.14 Mermaid Medical A/S  
 12.15 PFM Medical, Inc  
 12.16 Rocket Medical plc  
 12.17 Medical Components, Inc  
 12.18 KM Medical, Inc  
 12.19 Blue Neem Medical Devices Pvt Ltd  
 12.20 Canadian Hospital Specialities Ltd  

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.    

13 Appendix    
      13.1 Discussion Guide   
      13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal   
      13.3 Available Customizations   
      13.4 Related Reports   
      13.5 Author Details   

This research study involved four major activities to estimate the current size of the global centesis catheters market. Exhaustive secondary research was done to collect information on the market and subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, and databases (such as D&B, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.

Primary Research

Extensive primary research was conducted after acquiring a detailed understanding of the centesis catheters market scenario through secondary research. A significant number of primary interviews were conducted with both the demand side (such as hospitals, cancer research laboratories, research universities, and government institutions) and supply-side respondents (such as product manufacturers and distributors). The primaries interviewed for this study include experts from the centesis catheters industry, such as CEOs, VPs, directors, sales heads, and marketing managers of tier 1, 2, and 3 companies engaged in offering centesis catheters products and services across the globe; administrators and purchase managers of centesis catheter products; and academic research institutes. Approximately 65% and 35% of primary interviews were conducted with supply- and demand-side respondents, respectively. This primary data was collected through questionnaires, emails, web-based surveys, and telephonic interviews. The breakdown of primary respondents is as follows:

Centesis Catheters Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the centesis catheters market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the centesis catheters market were identified through secondary research, and their market shares at a global and/or regional level were determined through primary and secondary research.
  • The research methodology included the study of the regulatory filings (such as annual and quarterly financial reports) of the major market players as well as interviews with industry experts for key insights on the centesis catheters market.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All the expected macro-indicators affecting the growth of the respective segments and sub-segments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and/or qualitative data.
  • The above-mentioned data was consolidated and added to detailed inputs, analyzed, and presented in this report.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the centesis catheters industry.

Report Objectives

  • To define, describe, and forecast the centesis catheters market on the basis of procedure, type, application, end user, and region
  • To provide detailed information regarding the major factors influencing the growth of the centesis catheters market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micromarkets with respect to their individual growth trends, prospects, and contributions to the overall centesis catheters market
  • To analyze opportunities in the global centesis catheters market for key stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the market value data for various market segments and sub-segments with respect to five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
  • To profile the key global players and comprehensively analyze their market shares and core competencies
  • To track and analyze competitive developments such as product launches, mergers & acquisitions, expansions, partnerships, collaborations, and agreements in the global centesis catheters market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the market report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of the top five companies in the centesis catheters market

Company Information

  • Detailed analysis and profiling of additional market companies (up to five)
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Published ON
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