Catheters Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, China, Germany, UK, India - Size and Forecast 2024-2028

Catheters Market Size 2024-2028

The catheters market size is estimated to increase by USD 18.12 billion and grow at a CAGR of 8.09% between 2023 and 2028. The market demand is driven by the increasing prevalence of chronic diseases, technological advancements in catheters such as electrophysiology catheters, and the rapid shift toward adopting coated catheters. The market is experiencing significant growth, driven by the increasing prevalence of chronic diseases and the subsequent rise in minimally invasive procedures. Chronic conditions such as diabetes, cancer, and cardiovascular diseases require frequent monitoring and treatment, leading to a high demand for catheters. Additionally, minimally invasive procedures, which utilize catheters to access and treat internal organs with minimal incisions, are becoming increasingly popular due to their numerous benefits, including reduced recovery time and lower risk of infection. However, the market also faces challenges, including the risk of complications such as infection, thrombosis, and hemorrhage, which can lead to patient morbidity and mortality. Manufacturers are addressing these challenges by developing advanced materials and technologies to reduce the risk of complications and improve patient safety. Overall, the market is expected to continue its growth trajectory, driven by the increasing need for minimally invasive procedures and the rising prevalence of chronic diseases.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

Healthcare institutions and surgical services are increasingly focusing on catheter types—such as male, female, and kids' length catheters—and antimicrobial catheters to address a range of urological, neurovascular, and cardiovascular disorders, with FDA approvals and ongoing training and education playing a crucial role in managing chronic disorders and elective surgeries during in-patient admissions. Furthermore, in the management of urological disorders, neurovascular disorders, and cardiovascular disease, healthcare providers use specialized catheters, such as kids' length and female length catheters, to ensure effective treatment tailored to patients' specific needs.

By Distribution Channel

The market share growth by the hospital stores segment will be significant during the forecast period. Hospital stores were the largest distribution channel segment of the market. Hospital stores are central supply departments that maintain an inventory of various medical supplies, including catheters. They monitor usage patterns, track stock levels, and reorder as needed to ensure an adequate supply is available. Inventory management systems help streamline the process and ensure availability when required.

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The hospital stores segment shows a gradual increase in the market share of 15.88 billion in 2018. Hospital stores stock a variety to meet the specific needs of different medical departments and procedures. This includes urinary catheters, central venous catheters, arterial catheters, cardiac catheters, and more. The stores maintain a range of sizes, types, and configurations of catheters to accommodate different patient populations and clinical requirements. Due to the fact that hospitals have varied populations of patients and a large range of health fields, they are major consumers of catheters.

By Regions

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Europe is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America dominated the global catheter market in 2022. The market has been experiencing steady growth over the years, driven by factors such as the ageing population, increasing prevalence of chronic diseases, technological advancements, and high healthcare spending. The US holds the largest share of the North American catheter market. The country has a robust healthcare system, extensive medical device manufacturing capabilities, and a large patient population. The presence of major catheter manufacturers and a favourable reimbursement landscape contribute to market growth in the US.

Market Dynamics and Customer Landscape

The market is significantly driven by the increasing prevalence of urinary incontinence, particularly in the geriatric population. The aging population is a key factor fueling market growth, as older adults are more prone to chronic conditions such as spinal cord injuries, bladder stones, and urethral complications, which require long-term catheterization. Biocompatible materials, such as silicone and polyurethane, are commonly used in the production of catheters to ensure safety and prevent infection. These procedures often require specialized catheters tailored for cardiovascular, neurovascular, and urological applications. Two main types of catheters are uncoated and coated. Uncoated catheters, such as Male length and Kids length catheters, are used for short-term catheterization, while coated catheters, such as those with antimicrobial or hydrophilic coatings, are preferred for long-term use. The market is also influenced by the need for infection prevention, healthcare cost containment, and personalized healthcare. Telehealth, remote patient monitoring, and bladder control technologies are emerging trends in the market. Catheterization safety is a major concern, particularly in hospitals, where catheter-associated urinary tract infections are common. Feel Clean technology, a new innovation in coated catheters, ensures a clean and comfortable experience for patients. The market is expected to grow significantly in the coming years due to the increasing prevalence of chronic conditions and the need for advanced catheter technologies. Sterile & disposable catheters improve the quality of catheter devices and reduce urinary tract infection from infectious organisms.

Key Market Driver

Significant Market Trends

There is a growing trend toward minimally invasive procedures across various medical specialties. Minimally invasive techniques require the use for procedures such as angioplasty, stenting, ablation, and endovascular interventions. Catheters play a crucial role in various minimally invasive procedures. They're slender, flexible tubes that are inserted in your body via tiny incisions or regular orifices. With catheters, access to target areas within the body allows for diagnosis and treatment.

However, they can be used for a wide range of purposes, such as delivering medication or contrast agents, draining fluids, removing blockages, measuring pressure, or obtaining tissue samples. Increasing demand will be supplemented by an increase in the number of surgeons and patients who are seeking fewer invasive treatments than conventional surgical interventions, which is expected to drive market growth over the forecast period.

Major Market Challenge

The risk of complications is a major challenge in the market. Catheters, especially indwelling catheters, carry a risk of complications and adverse events. Healthcare providers can look at alternatives to treatment or administration that minimize the use of catheters, because of the potential risks. Significant attention is paid to catheter-associated infections.

Furthermore, catheter-related complications can include the formation of urinary stones and kidney stone, the development of urethral strictures, or the migration of catheter fragments within the urinary tract. In the bloodstream, complications may include the formation of blood clots, inflammation of the veins, and blockage of blood vessels by a clot or debris. Such risks associated with the use will hamper the growth of the market in focus during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Abbott Laboratories - The company offers catheters such as the FlexAbility ablation catheter and TactiCath contact force ablation catheter.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

• ANGIPLAST Pvt. Ltd.
• Asahi Kasei Corp.
• B.Braun SE
• Becton Dickinson and Co.
• BIOTRONIK SE and Co. KG
• Boston Scientific Corp.
• BVM Medical Ltd.
• CardioFocus Inc.
• Edwards Lifesciences Corp.
• Getinge AB
• Johnson and Johnson Services Inc.
• Koninklijke DSM NV
• McKesson Corp.
• Medtronic Plc

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data, with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Distribution Channel Outlook 
  • Hospital stores
  • Retail stores
  • Others

• Product Type Outlook 
  • Cardiovascular catheters
  • Specialty catheters
  • Intravenous catheters
  • Urinary catheters
  • Neurovascular catheters

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Australia
    • Saudi Arabia
    • Argentina
    • Rest of the world

Market Analyst Overview

The market is witnessing significant growth due to the increasing prevalence of urinary incontinence, especially in the geriatric population. According to various studies, urinary incontinence affects millions of people worldwide, particularly the elderly, leading to an increased demand for catheters. Biocompatible materials, such as silicone and polyurethane, are widely used in the production of catheters due to their safety and effectiveness. The market for catheters is segmented into Uncoated catheters and Coated catheters.  With advancements in materials like silicone rubbers and polyvinyl chloride (PVC), catheter devices offer improved performance and safety. Additionally, the market addresses diverse needs with options like central and peripheral intravenous catheters, ensuring effective urinary tract management and patient care. The use of Antimicrobial coatings and Hydrophilic coatings in Coated catheters is gaining popularity due to their infection prevention properties. Urethral complications, Bladder stones, Spinal cord injuries, and Chronic kidney diseases are some of the major indications for catheterization. Hospitals, Specialty clinics, Academic institutions, and Surgical centers are the major end-users of catheters. Patient comfort, Infection risks, and Catheterization safety are the key factors driving the market.

Furthermore, the market is also witnessing a trend towards Personalized healthcare, Telehealth, and Remote patient monitoring, which is expected to boost the growth of the market. The market for catheters is also influenced by Chronic conditions, Healthcare cost containment, and Infection prevention. The market is segmented into Male length catheters, Kids length catheters, and Female length catheters. Urinary retention and Spinal cord injury are some of the major applications of catheters. Feel Clean technology, Uncoated catheter, and Coated catheter are some of the latest innovations in catheter technology. The market is experiencing significant growth driven by advancements in cardiac electrophysiology and neurological surgery. Innovations like sterile and disposable catheters are revolutionizing healthcare, especially in addressing urinary-related disorders such as incontinence and bladder cancer. Additionally, healthcare investments and a growing geriatric medicine for old-aged population fuel market expansion. The market is expected to grow at a steady pace due to the increasing demand for catheters in various applications and the ongoing research and development in catheter technology.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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