According to the research report titled ‘Global Centesis Catheters Center Market Size study with COVID Impact, by Type (Small and Large bore), Procedure (Paracentesis, Thoracentesis, Amniocentesis), Application (Diagnosis, Therapeutics and Palliative care), End user (Hospitals, Ambulatory surgery centers) and Regional Forecasts 2020-2027‘, available with Market Study Report, global centesis catheters center market was valued at USD 426 million in 2019 and is anticipated to grow with a CAGR of 6.8% during 2020-2027.
 

Growing pool of patients suffering from cancer, cardiovascular diseases, and tuberculosis along with rising preference for centesis procedures with image support are the key factors driving the growth of worldwide centesis catheters center market. According to WHO, global cancer cases rose to 18.1 million new patients and recorded 9.6 million deaths in 2018.
 

However, high cost of premium products and medical complications related to centesis procedures are also likely to hinder the market growth in coming years. Common issues related to centesis are minor bruising and swelling of the site of the fluid removal. Despite that, growing cases presenting effectiveness of centesis procedures for target diseases is augmenting the market outlook.
 

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Based on type, global centesis catheters center market is segmented into small-bore and large-bore. With respect to the procedure, the industry is divided into thoracentesis, amniocentesis, arthrocentesis, and paracentesis. With regards to the application spectrum, the market is bifurcated into palliative care, diagnostic, and therapeutic. Speaking of end user terrain, the industry is classified into hospitals, ambulatory surgical centers, and other.
 

As per regional overview, global centesis catheters center market is segmented Asia Pacific, Europe, North America, Latin America, and rest of the world. North America held the largest industry share in 2018, owing to massive number of neurovascular, cardiovascular, and other target procedures being carried out. Factors such as large patient pool, presence of well-established healthcare system, and constant investments in hospitals to enhance their operating rooms are fueling the market growth.
 

Meanwhile, Asia Pacific centesis catheters center market is likely to witness strong growth rate through 2027, due to growing incidences of target diseases, favorable government measures to enhance healthcare accessibility, and improving healthcare infrastructure in the region.
 

Leading players operating in global centesis catheters center market includes Argon Medical, Blue Neem Medical Devices Pvt. Ltd., Avanos Medical Devices, B. Braun Melsungen AG, AngioDynamics Inc., Cardinal Health, Becton, Dickinson & Company, Axiom Medical Inc., Boston Scientific Corporation, and Canadian Hospital Specialties Ltd.