Market participants such as Smiths Medical, Inc., Becton Dickinson and Company, C.R. Bard, Inc., Teleflex Incorporated, B. Braun Melsungen Ag, Bluegrass Vascular Technologies, Edwards Lifesciences Corporation, Angiodynamics Inc., Biomerics, Terumo Corporation, Romsons Scientific & Surgical Pvt. Ltd, Nipro Medical Corporation, Ameco Medical, and Prodi med are some of the key players operating in the concerned market. These players in the industry possess a significant share in the global market. However, these significant players face competition from local manufacturers in several countries. They adopt competitive pricing to consolidate their market share. These vendors provide cost-effective equipment with limited features and functionalities.