Veterinary Catheters Market Projected to Augment at a Notable CAGR during the Forecast Period until 2028

Posted on 2019-09-12 by Mark Hub in Healthcare // 0 Comments

Albany, US, 2019-Sep-12 — /EPR Network/ —Veterinary catheters are the long slender flexible tubes used to deliver medications, fluids, blood, plasma transfusions and gases to the animal body. A catheter is used to drain waste fluids like urine from the body of animals. Veterinary catheters are usually inserted into the blood vessels, ducts, or body cavities. The process of inserting the catheter inside the body is called catheterization. Though catheter insertion is a moderately safe procedure; a trauma may be caused to the bladder occasionally. However, this discomfort caused by usage of catheters can be minimized using soft tip catheters and lubricants. The global veterinary catheters market is a well-established industry with a presence of large number of leading players. Inserting a catheter is considered as a well-tolerated procedure mostly in dogs and cats. A catheter can be placed within number of distinct peripheral veins with most common locations including the front legs and inner/outer side of hind legs. A catheter that is inserted intravenously has been reported to frequently cause nosocomial infection in hospitalized veterinary patients, thus a set of hygiene considerations have to be kept in attention to implement aseptic catheter insertion technique.

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Standard products recommended for veterinary catheters on a broad category includes balloon catheters, lumen catheters, permanent catheters and hydrophilic catheters. Under disease indication segment defined for veterinary catheters market, urology followed by gastroenterology accounts for a significant revenue share in the global veterinary catheters market. ENT, neurology, and ophthalmology are the other common disease indications that utilize the veterinary catheters. Based on the applications in veterinary catheters market, diagnostics and dialysis accounted for the highest revenue generation. There are few conditions that necessitates animal referral to a veterinary ophthalmologist, which include, glaucoma, cataract, vision loss, congenital eye abnormalities (birth defects), lens luxation, uveitis (intraocular inflammation), corneal disease, retinal disease, dry eye and eyelid abnormalities. Some of the major diseases that necessitates the use of veterinary catheters include chronic kidney diseases, urinary leakage in the abdomen, urinary tract infections and cardiovascular diseases. Irrigation and medical fluid infusion is another major application in veterinary catheters market that is further expected to surge the revenue growth. The major end users where veterinary catheters register major demand includes veterinary hospitals, veterinary clinics, homecare settings and others.

Veterinary Catheters Market: Drivers and Restraints

The growing prevalence and recurrence of chronic kidney diseases and cardiovascular diseases in animals is expected to be the major factor driving the growth of the veterinary catheters market over the forecast period. Increase in the population of companion animals coupled with introduction of advanced veterinary healthcare techniques and devices such as catheters and early aging in animals are the other important factors contributing to the growth of the global veterinary catheters market. However, limited awareness about animal healthcare services among pet owners, poor disease diagnosis in the developing nations, related side effects such as risk of urinary leakage in abdomen and urinary tract infection is restraining the revenue growth in the global veterinary catheters market.

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Veterinary Catheters Market: Overview

The global market for veterinary catheters is expected to witness moderate growth over the forecast period. Majority of the veterinary catheter products are introduced in the veterinary catheters market, some of them are still under development process and thus there exists a high competition among local and regional players. Among the four product types, the balloon catheters segment is expected to lead the global veterinary catheters market over the forecast period. Veterinary hospitals followed by veterinary clinics end user segment is expected to contribute high share in the global veterinary catheters market as it is the most accessible medical facility for treatment of animals. Veterinary hospitals account for significant revenue generation owing to large number of procedures involving catheter usage performed by veterinarians in the vet care hospitals.

Veterinary Catheters Market: Key Players

The global veterinary catheters market is highly fragmented owing to presence of large number of domestic manufacturers. Examples of some of the key players operating in the global veterinary catheters market are Jorgen Kruuse A/S, Vygon Vet, Biomerics Advanced Catheter, B. Braun Melsungen AG, SAI Infusion Technologies and Covidien Plc among others

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Veterinary Catheters Market: Regional Outlook

Geographically, the global veterinary catheters market is segmented into viz. North America, Latin America, Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). North America is expected to be the dominant market in the global veterinary catheters market owing to high prevalence of the chronic kidney and cardiovascular diseases among animals and high vet care spending on animals as compared to other regions. The veterinary catheters market in Asia Pacific excluding Japan is expected to grow at a significant CAGR due to expansion of product offerings by the key domestic players. Europe is expected to register second largest share in the global veterinary catheters market throughout the forecast period owing to increased awareness about veterinary care among pet owners.

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