Catheters are thin tubes that are used in diagnostic procedures and surgical interventions. These tubes are also used to analyze and treat impaired target sites by eliminating the damaged tissues or unblocking the blocked blood vessels. Whereas, bands aid in maintaining homeostasis to impede radial artery occlusion. Bands are applied to post-procedure sites to supply direct pressure and are taken off before patients are discharged from healthcare units. Both these medical products are used in transradial and transfemoral procedures.
These products are being used in large quantities in countries like India, Nepal, Bangladesh, and Sri Lanka, on account of growing geriatric population and improving healthcare infrastructure. For example, the United Nations Department of Economic and Social Affairs (UNDESA) estimates that the population of people aged 60 years or above in India will reach 324 million by 2050. The surging population will accelerate the
At present, the leading players like Terumo Corporation, Smiths Group plc, Merit Medical Systems Inc., Global Surgimed Industries, Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health Inc., Teleflex Incorporated, Sahajanand Medical Technologies Private Limited, and Relisys Medical Devices Limited are offering different types of bands and catheters in India, Sri Lanka, Nepal, and Bangladesh. These companies are focusing on product launches and geographical expansion to increase their customer base in these countries.
According to P&S Intelligence, India led the catheters and bands market in 2018, and it is also expected to retain its dominance in the coming years. This can be attributed to the escalating geriatric population, improving healthcare system, and rising prevalence of cardiac disorders. Moreover, the presence of established market players has escalated the adoption of catheters and bands in the country. In the coming years, south region in India is expected to consume significant quantity of these medical products, due to the highest cases of cardiovascular diseases (CVDs) in this region.
