European catheters market is expected to grow at a CAGR of around 8.4% during the forecast period. A rise in a number of surgeries and increasing demand for minimally invasive procedures is contributing to the growth of the market in Europe. In addition, an increase in geriatric population base and increasing demand for sterile & disposable catheters supplement the market growth. In addition, an increase in demand for sterile & disposable catheters enhances market growth. Touchless catheters are single-use, disposable catheters and are among the type of catheters available for male catheter insertion. Medical Technologies of Georgia, Inc. (MTG) is a supplier of urological catheters in Europe. It developed a closed system catheter which has been proven to reduce the risk of recurrence of Urinary Tract Infections for people who use intermittent catheterization. The major U.S. suppliers, including GE Healthcare, Becton Dickinson, Johnson & Johnson, have subsidiaries in Germany, which is supporting to accelerate the adoption of their medical device products in the region.

Increasing prevalence of CVD is further strengthening the demand for cardiac catheterization procedure in the region. 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. As per the data published by the British Heart Foundation in January 2020, in UK, 7.4 million people are living with a heart or circulatory disease. This leads the demand for cardiac catheterization which is a minimally invasive diagnostic and treatment alternative used to perform coronary angioplasty and coronary stenting.

The major companies operating in the region include Abbott Laboratories, Inc., Boston Scientific Corp., and B. Braun Melsungen AG. These players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations to attract significant share and increase its competitiveness in the market. For instance, in April 2018, B. Braun opened five new medical production plants in Penang (a Malaysian State). It has opened to expand manufacturing of medical devices for surgical instruments, pharmaceutical solutions and infusion therapy in order to treat patients in Malaysia and across the globe.

Research Methodology

The market study of the European catheters market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models. 

Market Segmentation:

1. European Catheters Market Research and Analysis by Product Type

The Report covers:

• Comprehensive research methodology of the European catheters market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European catheters market.
• Insights about market determinants which are stimulating the European catheters market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.