Catheter Market Company Revenue Shares And Analysis Report 2030
Catheter Industry Overview The global catheter market size was valued at USD 48.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. The high prevalence rate of chronic disorders leading to hospitalization has fueled the growth of the market. In addition, an increase of midscale catheter manufacturers towards gaining a higher market share as well as a rise in funding by various government bodies toward R&D activities is expected to promote market growth during the forecast period. The COVID-19 is expected to have a positive impact on market. According to National Center for Biotechnology Information, in 2020, both urinary catheter and central line Standardized Utilization Ratio (SUR) increased during the COVID-19 outbreak. Gather more insights about the market drivers, restrains and growth of the Global Catheter Market From 0.88 before the COVID-19 pandemic to 0.92 during the outbreak, the central line SUR increased by...