Paracentesis Drainage System Market Share

  • Report ID: 4175
  • Published Date: Mar 09, 2023
  • Report Format: PDF, PPT

Paracentesis Drainage System Market Share

North American Market Forecast   

The market in North America is estimated to hold the largest market share by the end of 2035, backed by the rising cases of chronic disease followed by an increasing healthcare expenditure. According to the National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), as of 2022, more than 877,550 Americans die of stroke, heart disease, or other cardiovascular diseases each year. Various research & development funding in the domain of paracentesis and supportive government initiatives which were undertaken to reduce the incidence of chronic diseases in the region are the significant factors driving the growth of this market in the region and also promoting various market opportunities for the manufacturers in the region.

Europe Market Forecast

Furthermore, the Europe region is anticipated to show a stable market share in the forecast period. Highly supportive patient-friendly reimbursement policies, which allow patients to undergo any treatment without thinking once about the cost of treatment are considered the primary reason behind the growth in this region. The paracentesis drainage system might be expensive at times and might not be affordable for many people. However, the government policies and reimbursement policies in this region enable people to undergo this treatment without thinking much about the cost. Also, the government and various market players offer funds and investments for research and development in the field of this treatment and the improvement of healthcare infrastructure in the region.  

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Author Credits:  Radhika Pawar

  • Report ID: 4175
  • Published Date: Mar 09, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising cases of chronic diseases such as heart failure, lung cirrhosis, cancer, and others, along with rising healthcare expenditure are the major factors driving the growth of the paracentesis drainage system market.

The market is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2035.

Complication associated with the procedure such as hemorrhage, ascetic fluid leakage, perforation, low blood pressure, and infection is the few factors likely to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Cardinal Health, Inc., Avanos Medical, Inc., Teleflex Incorporated, Boston Scientific Corporation, GI Supply, Inc., CardioMed Supplies, Inc., and many more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, aspiration, end user, and by region.

The hospitals and clinics segment from the end users is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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