Global Biliary Catheters Market- Industry Analysis and Forecast (2020-2026)
Global Biliary Catheters Market is expected to reach $XX Mn in 2026 from $XX Mn in 2019, at a CAGR of XX% during forecast period.
Global Biliary Catheters Market Overview
Biliary Catheters are tubes, which are used to drain bile from the liver when the bile duct is blocked. This tube is placed through the skin into the liver by an interventional radiologist processing the device for draining the bile. The biliary catheter has its primary application in the treatment of diseases such as liver cirrhosis and acute cholangitis.
Global Biliary Catheters Market Dynamics
Rising cases of liver cirrhosis and cholangitis around the globe is the primary factor responsible for market growth.
Rising inclination towards unhealthy food habits, sedentary lifestyle, alcohol, and tobacco consumption are the key factors contributing to the rise in cases of liver cirrhosis and cholangitis. This factor fuels the global biliary catheter market as the demand for biliary drainage increases. Also, new product launches, improvement in liver function, and increasing awareness about various liver disorders help to boost the market growth. According to National statistics in the UK, liver diseases have been ranked as the fifth most common cause of death. Liver diseases are recognized as the second leading cause of mortality amongst all digestive diseases in the US. Global prevalence of cirrhosis from autopsy studies ranges from 4.5% to 9.5% of the general population
However, high cost and discomfort due to catheter caused to the patient may impact negatively on the market growth.
The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed.
Global Biliary Catheters Market Segment Analysis
The Global Biliary Catheters Market is segmented based on Type, Application and End-Users.
Based on Type, the biliary drainage catheter is estimated to hold the largest market share of XX% in 2019. The rising geriatric population, which are more susceptible to liver diseases, biliary obstructions caused due to nephrolithiasis, tumor, or end-stage renal disease are also fuelling the market growth. Biliary drainage catheter are of two types, external and internal. An external biliary drainage catheter goes through the skin and into bile ducts. It will be placed above the blockage. After this procedure patient will have a catheter coming out of the body, attached to a drainage bag. Internal biliary drainage (stenting) uses a metal cylinder (called a stent) to hold the blocked area open. After this procedure patient may have a small catheter coming out of the body.
Global Biliary Catheters Market
To Know About The Research Methodology :- Request Free Sample Report
Global Biliary Catheters Market Regional Insights
North America is expected to lead global market during forecast years.
Advancements in research facilities and increased funding for the same increased awareness about various liver diseases due to high alcohol consumption rate in the region, healthcare expenditure are the factors driving the market in North America. Around 4.5 a million adults are diagnosed with the live disease every year in the US.
Asia Pacific is expected to witness fastest growth.
The Asia Pacific will command the global market owing
to the drivers like improved medical infrastructure, presence of large target population suffering from life threatening diseases like cirrhosis, cholangitis, and hepatitis, increased awareness, and development of innovative and cost-effective solutions, and rise in disposable income.
The report also helps in understanding Global Biliary Catheters Market dynamics, structure by analyzing the market segments and project the Global Biliary Catheters Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Biliary Catheters Market make the report investor’s guide.
Scope of Global Biliary Catheters Market report: Inquire before buying
Global Biliary Catheters Market1
• North America
• South America
Key players operating in global Biliary Catheters Market:
• Abbott Laboratories
• Becton, Dickinson and Company
• B. Braun Melsungen AG
• C. R. Bard, Inc.
• Medtronic plc.
• Boston Scientific Corporation
• Teleflex Incorporated
• Johnson & Johnson
• Cook Group Incorporated
• Cardinal Health, Inc.
• Rontis Medical
• Navilyst Medical
• Argon Medical