The global Pediatric Catheters Market was valued at USD 3.41 billion in 2022, and it is projected to reach USD 5.86 billion by 2032, with a forecasted revenue compound annual growth rate (CAGR) of 6.2%. This growth in revenue can be attributed to various factors, including an increase in the prevalence of pediatric urological and cardiovascular diseases, a rising demand for minimally invasive procedures, and advancements in catheter technology.
The surge in pediatric urological and cardiovascular diseases has resulted in a higher demand for pediatric catheters. According to the World Health Organization (WHO), congenital anomalies alone lead to approximately 303,000 neonatal deaths globally each year. Additionally, the incidence of pediatric urological diseases like urinary tract infections is on the rise, further fueling the need for pediatric catheters. Moreover, there is a growing prevalence of cardiovascular diseases in children, leading to an increased demand for pediatric catheters used in diagnostic and therapeutic procedures.
The preference for minimally invasive procedures is also a driving force behind the market's revenue growth. Patients and medical professionals alike prefer these procedures due to their lower invasiveness, quicker recovery times, and reduced risk of complications when compared to traditional surgical methods.
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Market Companies and Competitive Landscape:
The global pediatric Catheters market is highly fragmented, with a number of small and large players accounting for a significant portion of the market revenue. Major players are deploying various strategies such as mergers & acquisitions, strategic agreements & contracts, and introducing more effective products to strengthen their position in the market.
Some major companies included in the global pediatric catheters market report are:
- Boston Scientific Corporation
- BD (Becton, Dickinson and Company)
- Medtronic plc
- Coloplast A/S
- Cook Medical Inc.
- B. Braun Melsungen AG
- Hollister Incorporated
- C.R. Bard, Inc.
- Smiths Medical
- ConvaTec Group Plc
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