Germany catheters market is expected to grow at a CAGR of around 9.5% during the forecast period. The major factors encouraging the growth of the market in the region include a significant rise in medical device industry coupled with the presence of major manufacturers of medical devices in the region. Germany is Europe’s largest market for medical devices, accounting for roughly $41 billion annually. In the EU, Germany is the major importer and exporter of medical devices. The major U.S. suppliers, including Abbvie, GE Healthcare, Becton Dickinson, Johnson & Johnson, have subsidiaries in Germany. Owing to the presence of these major medical device manufacturers, the Germany medical device industry has reported potential growth over the years. This, in turn, is driving the development of catheters coupled with the significant prevalence of CVD and urinary disorders in the region.
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For instance, as per the Germany Heart Network (EHN), in 2015, there were nearly 11.3 million new cases of CVD in Europe and 6.1 million new cases of CVD in the EU were reported. In 2015, more than 85 million people in Europe were living with CVD and nearly 49 million people were living with CVD in the EU. This increases the need for minimally invasive procedures to diagnose and treat CVD conditions. Cardiac catheterization is a minimally invasive diagnostic and treatment alternative that enables the doctor to measure pressure in the heart chambers and monitor blood flow through valves and vessels. This facilitates to examine for anything that is not normal.
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Germany Catheters Market Segmentation
By Product Type
- Cardiovascular Catheters
- Urological Catheters
- Intravenous Catheters
- Specialty Catheters
- Neurovascular Catheters
Company Profiles
- Abbott Laboratories, Inc.
- B. Braun Melsungen AG
- Becton Dickinson and Co.
- Boston Scientific Corp.
- Edwards Lifesciences Corp.
- Integra Lifesciences Corp.
- Johnson & Johnson Services, Inc.
- Medtronic plc
- Stryker Corp.
- Terumo Medical Corp.
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