who are the leading players in pediatric catheters industry?

According to the earliest statistics provided by world health organisation ( WHO ),

North America is on the top and it is the regional leader in global peddiatrip catheters market. In major, its huge contribution is due to its rising prevalence of cardiovascular in new borns.

Europe comes the next holding around 31% share on account of supportive regulatory environment provided by EMA.

Asia Pacific represents 18% share on account of increasing medical tourism and market opportunities for Western giants.

Global Pediatric Catheters Market Is Expected To Reach US$ 10,112.5 Mn by 2027

The latest market report published by Credence Research, Inc. “Global Pediatric Catheters Market - Growth, Future Prospects, Competitive Analysis,2019- 2027,” the global pediatric catheters market is expected to reach from US$ 4,663.8 Mn in 2018 to US$ 10,112.5 Mn by 2027 expanding at a CAGR of 9.0% from 2019 to 2027.

Market Insights

According to the statistics provided by World Health Organization (WHO), every year approximately 303,000 newborn babies die within 4 weeks of their birth due to congenital abnormalities. Several factors are responsible for the occurrence of congenital defects in newborn babies such as genetic, nutritional, infectious and environmental impact. Etc. the exact cause still remain unknown. Researchers are working diligently in developing pediatric catheters with excellent ergonomic features and body compatible material to minimize the risk associated with catheters and cause less discomfort to the children post surgery. In the last decade technological advancement in the operating procedures has been successful in curbing the mortality associated with congenital defects.

Cardiovascular catheters are dominating the product segment for pediatric catheters market. According to the research findings of National Institute for Health (NIH), the global prevalence rate of congenital cardiovascular complications is 8 to 12 per 1000 live births. Increasing cases of drug and alcohol abuse during pregnancy increases the risk of occurrence for congenital cardiovascular disorders in the new born babies. Genetic predisposition is also related with its occurrence. Urology catheters will be growing at a rampant pace due to increasing cases of urological disease in children requiring immediate surgical intervention. Availability in different sizes for children’s belonging to different age group and excellent ergonomic design aids in healing process post surgery and enhances patient satisfaction.

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