China catheters market is expected to grow at a CAGR of around 9.8% during the forecast period. The growing penetration rate of PTCA balloon catheter and Central Venous catheter is considered as a major driving factor for Chinese catheter market. PTCA is a minimally invasive procedure used to remove the blockage of coronary arteries, thereby permitting blood flow to the heart muscles. The procedure involves the placement of the PTCA balloon catheter to compress and clear the blockage by widening the artery. PTCA balloon catheter was first of its kind used in the field of cardiology. It is also used to position stents in angioplasty. Abbott Laboratories, Medtronic, Terumo, Microport scientific and Boston scientific are major key vendors in the market.
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Chinese coronary stent manufacturers have sharpened the edge in the production of the PTCA balloon catheter. Lepu Medical, Microport and Beijing Fuji Sunshine Technology are well known coronary stent suppliers in china. Rising prevalence of CVD is contributing to the adoption of catheters in the country. As per the estimation by the World Heart Federation, one in 5 adults in China has a CVD. China government is also taking positive steps to improve healthcare infrastructure by reducing the prevalence of heart diseases. The government is increasing access to healthcare by broadening the reach of its health insurance schemes and spending on training hospital staff. Phillips is working with Chinese society of Cardiology to build China National Cardiovascular Data Repository, which enables doctors to conduct clinical research, product development and provide better healthcare facilities to China’s 270 million heart patients. Such kinds of initiatives are boosting the demand for minimally invasive treatment alternatives for patients and thereby will accelerate the market.
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China Catheters Market Segmentation
By Product Type
- Cardiovascular Catheters
- Urological Catheters
- Intravenous Catheters
- Specialty Catheters
- Neurovascular Catheters
Company Profiles
- Abbott Laboratories, Inc.
- Becton Dickinson and Co.
- Boston Scientific Corp.
- Edwards Lifesciences Corp.
- Integra Lifesciences Corp.
- Johnson & Johnson Services, Inc.
- Koninklijke Philips N.V.
- Medtronic plc
- Stryker Corp.
- Terumo Medical Corp.
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