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Market Analysis

Worldwide catheter market is poised for growth

Published in Biotech Business Week, November 27th, 2006

While much of the global market for catheters can be considered mature, many sectors in the $15 billion industry are poised for growth in the next 5 years.

According to the latest market research from Kalorama Information, The Worldwide Market for Catheters: 2006 Update, growth drivers are primarily due to the increasingly elderly world population and ailments associated with aging.

As a result of age-related illness, catheter usage in hospitals, nursing homes, and the home care sector has been increasing steadily over the last several years. This has led to challenges posed by increased nosocomial infections and re-use rates which have been...

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