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Catheter Market Size is projected to reach USD 88 Billion


New York, United States, June 27, 2022 (GLOBE NEWSWIRE) — Medical catheters are devices that can be injected into a body cavity, vessel, or duct to give fluids, medicines, or gases or drain fluids or urine. Additionally, catheters can accomplish all of these roles concurrently. There are numerous types of catheters available, including intravenous catheters, urine catheters, and chest drainage tubes. It is possible to operate catheters to drain pus and fluid from cavities. For example, they may be used to aspirate pus from an abscess in the abdomen. Typically, catheters are utilized to provide fluids and drugs intravenously.

There are numerous types of catheters, including those developed for cardiovascular, neurovascular, urological, and specialized uses. When constant bladder drainage is required, catheters are normally needed for a short amount of time, such as a few weeks or months. However, in other cases, they are necessary for longer durations. The rise of the market has been primarily driven by the rising prevalence of hospitalization-causing chronic illnesses.
In addition, the market is predicted to expand during the forecast period as a result of an increased propensity among midsize catheter manufacturers to acquire a greater market share and an increase in government financing for research and development activities. Both of these variables will undoubtedly contribute to the expansion of the global catheter market.

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