Biliary Catheters Market Scenario
The Biliary Catheters Market is projected to grow significantly over the forecast period. It is estimated that the biliary catheters market is expected to register a CAGR of ~7.5% during the forecast period of 2020–2030.
A biliary drain is a tube to drain bile from your liver. This skilled procedure is performed by an interventional radiologist. The tube or catheter is placed through the skin and into the liver. The device used for drainage is also called a biliary stent or biliary catheter. Treatment of diseases such as liver cirrhosis and cholangitis level are majorly performed by biliary catheter and are expected to drive the growth of the market. Factors such as high cost associated with catheter surgeries are limiting the growth of the market. For instance, according to the report published by the Centers for Disease Control and Prevention (CDC) 2014, it was observed that nearly 5% of cases of the urinary tract infection were associated with catheters. Moreover, major companies in the market are involved in new product launches to strengthen their position in the market.
The biliary catheters market is segmented on the basis of type, application, and end user.
The biliary catheters market by type is categorized into multi-purpose drainage, multi-purpose drainage sump catheter, biliary drainage catheter, nephrostomy catheter, ureteral stent, and others.
Based on Application, the biliary catheters market is segmented into thrombectomy, drainage, occlusion, infusion, aspirating, dialysis, diagnostic, monitoring, stent delivery, and dilatation.
On the basis of end user, the market is segmented into clinics, hospital, and others.
On the basis of region, the biliary catheters market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and Latin America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific. The biliary catheters market in the Middle East and Africa has been segmented into the Middle East and Africa.
Some of the key players in the biliary catheters market are Boston Scientific Corporation, Conmed, Cook Medical, Endo-Flex, Rontis Medical, Navilyst Medical, Medi-Globe, Angiodynamics, Medtronic, Abbott Laboratories, C.R. Bard, Inc., Infiniti Medical, Argon Medical, Johnson & Johnson, Merit Medical Endotek, Olympus Corporation, Angio Dynamics, Merit Medical, and others.
Regional Market Summary
Global Biliary Catheters Market Share (%), by Region, 2018
Sources: Centers for Disease Control and Prevention (CDC), US Department of Health and Human Services, National Institutes of Health
It is projected that the Americas dominated the biliary catheters market owing to the growth of the market in the North American region. This is largely attributed to factors such as well-established healthcare infrastructure and the increase in adoption of surgical catheter systems across various healthcare settings will support market growth in this region. Europe is expected to hold the second largest share in the biliary catheters market owing to the introduction of advanced robot-assisted laparoscopic procedures and quality of treatment of existing and new medical indications.
Asia-Pacific was projected to be the fastest growing region for the biliary catheters market. With the growth of the overall minimal invasive surgeries (MIS) in the region headed by technology giants like Japan and China, the availability of catheters has also increased. The Middle East and Africa holds the least share in the biliary catheters market due to the presence of economically diverse countries, and fewer initiatives taken by the government.
Biliary Catheters Market, by Type
Biliary Catheters Market, by Application
Biliary Catheters Market, by End User
Biliary Catheters Market, by Region
Biliary Catheters Market, Key Players
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application, and End user|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Boston Scientific Corporation, Conmed, Cook Medical, Endo-Flex, Rontis Medical, Navilyst Medical, Medi-Globe, Angiodynamics, Medtronic, Abbott Laboratories, C.R. Bard, Inc., Infiniti Medical, Argon Medical, Johnson & Johnson, Merit Medical Endotek, Olympus Corporation, Angio Dynamics, Merit Medical, and others|
|Key Market Opportunities||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Biliary catheters market is projected to grow at a 7.5% CAGR between 2020-2030
The Americas is expected to dominate the biliary catheters market.
Preference for minimally invasive procedure is the key factor driving the biliary catheters market.
High initial costs may limit the biliary catheters market growth.
End users of biliary catheters market include hospitals, clinics, and others.