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The catheters market size is estimated to increase by USD 16.35 billion and grow at a CAGR of 7.86% between 2022 and 2027. The growth of the market depends on several factors, including the increasing prevalence of chronic diseases, the technological advancements in catheters, and the rapid shift in the adoption of coated catheters. The market experiences substantial growth due to the increasing incidence of chronic diseases on a global scale, such as cardiovascular diseases, diabetes, urinary disorders, and kidney disease. Catheters are indispensable in the management and treatment of these conditions, leading to their widespread adoption. As the world's population ages, there is a growing need for medical interventions and procedures, especially among older individuals who may necessitate catheterization.
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This market report extensively covers market segmentation by distribution channel (hospital stores, retail stores, and others), product type (cardiovascular catheters, specialty catheters, intravenous catheters, urinary catheters, and neurovascular catheters), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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 global catheter market in 2022. 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 15.11 billion in 2017 and continued to grow by 2021. 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.
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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.
The market is witnessing significant growth driven by advancements in medical procedures like angioplasty, cardiac electrophysiology, and neurological surgery. These procedures often require specialized catheters tailored for cardiovascular, neurovascular, and urological applications. Regulatory bodies like the Food and Drug Administration ensure the safety and efficacy of catheter products, with companies like Bactiguard and BIP Foley TempSensor innovating in this space. With the prevalence of chronic diseases and conditions like urinary tract infections and bladder cancer, the demand for urinary catheters is particularly high, especially for minimally invasive procedures. This trend underscores the importance of healthcare investments in improving patient outcomes and quality of life. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is driven significantly by the rising prevalence of chronic diseases globally, including cardiovascular diseases, diabetes, urinary disorders, and kidney disease. Catheters play a crucial role in the management and treatment of these conditions, necessitating their widespread use. With the global population aging, there is an increasing demand for medical treatment and procedures, particularly among older individuals who may require catheterization. Healthcare providers and manufacturers are innovating to meet this demand, offering specialized catheter products tailored to the unique needs of patients with chronic conditions. As the incidence of chronic diseases continues to rise, the demand for catheters for continuous management and care is expected to grow, driving market expansion.
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.
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.
Catheter-related complications can include the formation of urinary stones, 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.
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
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:
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.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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. Regulatory approvals from the Food and Drug Administration ensure quality catheter devices. With a focus on minimal invasive surgeries, the market sees a rise in entrants offering technologically innovative products. Additionally, healthcare investments and a growing geriatric population fuel market expansion. Various catheter types like Foley, dialysis, and urinary catheters cater to diverse therapeutic and diagnostic needs, enhancing patient care and treatment outcomes.
Moreover, the market is witnessing significant growth, driven by factors such as technological innovations, product approvals, and the increasing prevalence of conditions like urinary tract infections and kidney failure. Key players like Bactiguard are introducing sterile and disposable catheters, ensuring quality and safety. Various types of catheters, including Foley catheters and dialysis catheters, cater to different medical needs, from urinary bladder drainage to hemodialysis. With advancements like integrated catheters and minimally invasive surgical procedures, catheters are increasingly used for therapeutic and diagnostic purposes across urological, neurosurgical, and cardiovascular procedures, highlighting their versatility and importance in modern healthcare.
Also, the Market is witnessing significant growth driven by various factors such as the increasing prevalence of urinary bladder cancer, kidney failures, and hypertension. Catheters play a crucial role in addressing urinary incontinence problems, facilitating continuous bladder drainage, and aiding in various medical procedures like hemodialysis and intrauterine insemination (IUI). Entrants in the domestic market are focusing on providing sterile and disposable catheters to meet quality standards. 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.
Catheters Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.86% |
Market growth 2023-2027 |
USD 16.35 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.22 |
Regional analysis |
North America, Europe, Asia, and Rest of the World (ROW) |
Performing market contribution |
Europe at 31% |
Key countries |
US, Germany, UK, China, and India |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abbott Laboratories, 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, Merit Medical Systems Inc., Sterimed Medical Devices Pvt. Ltd., Suretech Medical Inc., Teleflex Inc., and Terumo Group |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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