Catheters and Bands Market Demand, Sales and Consumption Status and Growth Opportunities
The catheters and bands market in India, Sri Lanka, Bangladesh, and Nepal is expected to generate a revenue of $96.5 million by 2024, advancing at a CAGR of 6.6% in coming years, the market is driven by rising prevalence of cardiovascular diseases (CVDs), increasing government initiatives to raise awareness on CVDs, and improving healthcare infrastructure, across India, Sri Lanka, Bangladesh, and Nepal, according to P&S Intelligence.
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Based on catheter type, the catheters market in India, Sri Lanka, Bangladesh, and Nepal is bifurcated into therapeutic and diagnostic catheters. The therapeutic catheters are anticipated to be larger and the faster growing category, propelling at a CAGR of 8.4% during the forecast period. Due to increase in the prevalence of CVDs, the demand for therapeutic catheters has risen considerably, as compared to diagnostic catheters.
Terumo Corporation; Becton, Dickinson and Company; Medtronic plc; Teleflex Incorporated; Smiths Group plc; Boston Scientific Corporation; Sahajanand Medical Technologies Private Limited; Merit Medical Systems Inc.; Cardinal Health Inc.; Relisys Medical Devices Limited; and Global Surgimed Industries are some of the key players operating in the catheters and bands market in India, Sri Lanka, Bangladesh, and Nepal.
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