Report Ocean presents a comprehensive research report on Catheters, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Catheters.
The global catheters market size was US$ 21.7 billion in 2021. The global catheters market is projected to grow to US$ 41.5 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.1% during the study period from 2022 to 2030.
A variety of medical treatments, such as angioplasty, cardiac electrophysiology, and neurological surgery, may be combined with catheterization. It is a tube that is put into the bladder to allow the free passage of urine. There are many different kinds of catheters, including cardiovascular, neurovascular, urological, and specialized catheters.
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Factors Influencing the Market
The global catheters market is primarily driven by the increasing prevalence of cardiovascular diseases, combined with the rising demand for minimally invasive surgeries. Further, the cases of chronic diseases, mainly linked with urinary bladder, kidney failures, and others, are growing. As a result, it will present potential prospects for market growth during the study period.
The global aging population is contributing to an increase in incontinence issues, and the demand for sterile and disposable catheters is rising as well. Moreover, the development of innovative catheters by a large number of major players boosts the growth of the catheters market size. Additionally, throughout the projected period, an increase in product approvals is anticipated to create attractive market opportunities for the growth of the worldwide catheter market. For instance, Cerus Endovascular’s 027 micro-catheter, which contours the neurovascular system, was approved by the US Food and Drug Administration in March 2022.
COVID-19 Impact Analysis
The COVID-19 outbreak had a minor negative impact on the global catheter industry, majorly due to a significant rise in on-hold services, such as treatment, diagnostic, and surgical services. The strict lockdown in various states led to a significant reduction in cardiac catheterization procedures. However, the catheters market started recovering at a fast pace as the government and healthcare organizations work to improve medical treatment for COVID-19 patients. Catheters are being used to treat patients whose COVID-19 diagnoses were verified. For instance, in April 2020, Bactiguard unveiled the BIP Foley TempSensor, a novel urinary catheter with continuous temperature monitoring. A urinary catheter with integrated temperature monitoring and infection management was disclosed by the business during the pandemic. Such advances led the market to new heights during the pandemic.
Regional Analysis
Based on Region, North America commanded the largest market share for catheters in 2021 and is anticipated to maintain its dominance throughout the forecast period as a result of an increase in product launches and an increase in the number of regulatory approvals in North America’s developed nations. However, Asia-Pacific is anticipated to experience the greatest CAGR due to the growth in catheter demand brought on by the incidence of immunological and neurological illnesses and the rise in cardiovascular diseases.
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Competitors in the Market
Hollister Incorporated
Medtronic
Boston Scientific Corporation
Edward Lifesciences
Smith Medical Inc.
Teleflex Incorporated
ConvaTec Group Plc
Cure Medical LLC
Other Prominent Players
Market Segmentation
The global catheters market segmentation focuses on Product Type, Lumen, Distribution Channel, End-User, and Region.
Product Type Outlook
Cardiovascular Catheters
o Electrophysiology Catheters
o PTCA Balloon Catheters
o IVUS Catheters
o PTA Balloon Catheters
Urology Catheters
o Hemodialysis Catheters
o Peritoneal Catheters
o Foley Catheters
o Intermittent Catheters
o External Catheters
Intravenous Catheters
o Peripheral Catheters
o Midline Peripheral Catheters
o Central Venous Catheters
Neurovascular Catheters
Specialty Catheters
o Wound/Surgical Catheters
o Oximetry Catheters
o Thermodilution Catheters
o IUI Catheters
Lumen Outlook
Hospital Stores
Retail Stores
Others
Distribution Channel Outlook
Single-lumen
Double-lumen
Triple-lumen
End-user Outlook
Hospitals
Ambulatory Surgical Centers
Long-term Care Facilities
Others
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Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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