Catheters Market Expected To Expand At A CAGR Of 9.7% For The Forecast Period 2019-2026 : Grand View Research Inc.
San Francisco, 12 August 2019: The Report Catheter Market Size, Share & Trends Analysis Report By Product (Cardiovascular, Urology, Intravenous, Neurovascular, Specialty), By Distribution Channel (Hospital, Retail Stores), And Segment Forecast, 2019 – 2026 The global catheter market size is expected to reach USD 77.7 billion by 2026 registering a CAGR of 9.7%, according to a new report by Grand View Research, Inc. Increasing prevalence of chronic diseases and supportive insurance policies are some of the prime factors boosting the market growth. Presence of multi-national manufacturers and improving medical facilities, especially across developing regions, are also anticipated to propel the market growth over the forecast period. As per the statistics published by the WHO, chronic diseases is anticipated to contribute to 73% of all deaths and 60% of the global burden of disease by 2020. The rise in geriatric population has also led to increase in number of hospitalizatio