[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.
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.
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.
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.
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.
Market size available for years
Base year considered
Type, Procedure, Application, End User, and Region
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
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.
What is the expected addressable market value of centesis catheters market over a 5-year period?
Based on the prevailing trends and estimated market value data as of 2019, the total market value of centesis catheters is estimated to be about USD 0.43 billion; and is expected to reach a value of USD 0.63 billion by 2025.
What are the major challenges faced by the players operating in the centesis catheters market?
Device recalls, clinical complications associated with centesis procedures, complexities related to product development and manufacture, taxation policies, and trade barriers are few major challenges faced by players active in centesis catheters market.
What are the major end use applications of centesis catheters globally?
Centesis catheters are used in diagnostic, therapeutic, and palliative care applications. Some of the centesis procedures that are performed as a part of these applications include thoracentesis, paracentesis, amniocentesis, arthrocentesis, and pericardiocentesis. The diagnostic application segment has larger estimated market share in 2019. Similarly, the paracentesis procedure segment accounted for the largest share in the same year.
What are the opportunities available for new entrants as well as existing market players in the centesis catheters market space?
Growing preference for image-guided centesis procedures, growth in the target patient population, growing evidence of the efficacy of centesis procedures in target diseases, and increasing adoption of centesis based procedures in emerging countries for addressing target diseases are some of the key available opportunities for players in this market.
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Table of Contents
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
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
22.214.171.124 Key Data From Secondary Sources
2.1.2 Primary Data
126.96.36.199 Key Data From Primary Sources
188.8.131.52 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
5.2 Market Dynamics
6 Centesis Catheters Market, By Bore Type
6.2 Large Bore Centesis Catheters
6.3 Small Bore Centesis Catheters
7 Centesis Catheters Market, By Application
8 Centesis Catheters Market, By Procedure
8.6 Other Centesis Procedures
9 Centesis Catheters Market, By End User
9.3 Ambulatory Surgical Centers
9.4 Other End Users
10 Centesis Catheters Market, By Region
10.2 North America
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.5 South Korea
10.4.6 Rest of Asia Pacific
10.5 Latin America
10.5.3 Rest of Latin America
10.6 Middle East and Africa
11 Competitive Landscape
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)
184.108.40.206 Dynamic Players
220.127.116.11 Emerging Companies
11.4.2 Competitive Leadership Mapping: Emerging Companies/SMEs/Start-UPS (2019)
18.104.22.168 Progressive Companies
22.214.171.124 Starting Blocks
126.96.36.199 Responsive Companies
188.8.131.52 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
12.10 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.
13.1 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.
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.
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:
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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:
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.
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:
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