Cardinal Health is one of the major players operating in the Centesis Catheters Market
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.
As of 2018, 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).
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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.
Cardinal Health is one of the major players operating in the centesis catheters market. The strong position of the company in this market can be attributed to the well-adopted product portfolio and the wide customer base of the company. The Argyle product line of the company has widely been used in research activities related to centesis procedures. This has enhanced the reputation of the company’s offerings in the centesis catheters market. Also, the overall catheters business of the company has been strengthened by the acquisition of the Patient Care, Deep Vein Thrombosis, and Nutritional Insufficiency business lines from Medtronic plc, and this development will continue to support the growth of the company in the centesis catheters market in the coming years.
Medtronic is one of the key players operating in the centesis catheters market. The company’s share in the overall catheters market declined after the divestment of its Patient Care, Deep Vein Thrombosis, and Nutritional Insufficiency business lines. Currently, the company offers centesis catheters only for neurological procedures. However, as VentriClear and SEPS are leading products for neurological centesis procedures, the company is expected to hold its strong position in the market in the coming years. As a result, though its share in the market has declined after the divestment of the above-mentioned business lines, Medtronic will still hold a significant share of the market in the coming years.
Related Reports:
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
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