Catheters Market Size By Product (Vascular Catheters {Cardiovascular Catheters [Electrophysiology Catheters (EP Ablation {Radiofrequency, Lasers}, EP Diagnostics {Fixed, Steerable, Advanced}), PTCA Balloon Catheters, IVUS Catheters, PTA Balloon Catheters], Neurovascular Catheters}, Urology Catheters {Dialysis Catheters [Hemodialysis Catheters, Peritoneal Catheters], Urinary Catheters `[Indwelling Catheters, Intermittent Catheters, External Catheters]}, Intravenous Catheters {Midline Peripheral Catheters, Peripherally Inserted Central Catheters, Central Venous Catheters}, Specialty Catheters {Wound Catheters, Oximetry Catheters, Thermodilution Catheters}), By Lumen (Single-Lumen, Double-Lumen, Triple-Lumen), By End-use (Hospital & Clinics, Specialty Centers, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Nov 2019  |  Report ID: GMI787  |  Authors: Sumant Ugalmugale, Rupali Swain

Report Format: PDF   |   Pages: 600   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry trends

Catheters Market size surpassed USD 37.8 billion in 2018 and is projected to register more than 11% CAGR up to 2025.
 

Catheters Market

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Catheter is a hollow pipe that is inserted into body to deliver medicine, gas, fluid to patients or to drain bodily fluid such as urine. Introduction of advanced catheters will ease the surgical procedures, reduce treatment time leading to surge in market share. Different types of catheters such as electrophysiology diagnostics and ablation, PTCA balloon catheters, & indwelling catheters are available in the market. Introduction of robotic assisted interventions have provided significant advantages to vascular patients, leading to boost the industry growth. Technological advancements in catheters have enabled us to visualize and operate lesions in almost any vessel, and therefore it is driving us towards targeted interventional applications for precise lesions in specific vessels.
 

The history of catheters can be tracked back to 1700s when 1st catheter made of rubber was introduced. Earlier catheters were manufactured in copper, lead, brass, gold and silver. Benjamin Franklin was the inventor of a flexible silver catheter. In the 1800s, Charles Goodyear invented the idea of vulcanization of rubber, that was later on patented in 1844 by Thomas Hancock. Soon in 20th century, latex rubber became the most popular material for producing catheter. As technology continued to advance, other materials including poly-vinyl-chloride (PVC) and silicone were being use. Advancements in catheter technology has reached new heights. Now-a-days intermittent catheters exist in many sizes, brands, materials and types such as pre-lubricated, antimicrobial coated catheters, hydrophilic catheters, pediatric sizes etc.
 

Catheters Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 37.8 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 11% 2025 Value Projection: 79 Billion (USD)
Pages: 600 Tables, Charts & Figures: 1488
Geographies covered (21): U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, Japan, China, India, Australia & New Zealand, South Korea, Brazil, Mexico, Argentina, Venezuela, South Africa, Saudi Arabia, UAE
Segments covered: Product, Lumen, End-use and Region
Companies covered (15): Abbott Laboratories, B Braun, Boston Scientific Corporation, Coloplast, ConvaTec Inc., Cure Medical, Edwards Life Sciences Corporation, Hollister Incorporated, Johnson and Johnson, Manfred Sauer, Medtronic Inc., Smiths Medical, Stryker Corporation, Teleflex Inc. and Wellspect Healthcare
Growth Drivers:
  • Rising prevalence of cardiovascular disorders
  • Growing global geriatric population base
  • Increasing demand for minimally invasive surgeries
  • Expansion of ambulatory surgical & specialty centers globally
Pitfalls & Challenges:
  • Surge in catheter-based hospital acquired infections
  • High cost of advanced catheters

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Increasing number of aging population and catherization laboratories boosting market revenue growth

U.S. Catheters Market By Product

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Increasing geriatric population base that is at higher risk of acquiring cardiovascular, neurovascular and urology disorders will drive the market demand. The demand for minimally invasive therapies has been increased to avoid the post-surgical complications, minimize length of hospital stays and recovery time. Additionally, increasing demand for minimally invasive therapies is generating immense opportunity for the market growth globally. The increasing prevalence of cardiovascular, neurovascular and urology disorder will serve to be a high impact rendering factor for industry demand over the forecast timeframe.
 

However, the high cost associated with the advanced cardiovascular & urological catheters may hinder the market demand during the forecast timeframe. Also, the lack of accessibility for advanced catheterization procedures in low-middle income countries will limit the industry size.
 

Increasing number of cardiovascular surgeries will boost the market revenue growth

Based on product, the market is segmented into vascular, urology, intravenous and specialty catheters. Vascular segment is further sectored into, cardiovascular & neurovascular catheters. Among vascular catheters, cardiovascular segment accounted for more than 85% revenue share of market in 2018. Demand of cardiovascular catheters for therapeutic & diagnostic purposes has increased worldwide. The increasing number of angiography and atrial fibrillation cases are propelling demand for catheter globally. For instance, the Arctic Front Cardiac CryoAblation Catheter & CryoConsole are used to treat drug refractory frequent symptomatic paroxysmal atrial fibrillation. Recovery time for patients with cardiac catheterization is quick and complications are at low risk. The aforementioned factors are expected to lead growth of market over coming years.
 

Double lumen to attain new heights in catheter industry Outlook

Based on lumen, the catheter market is segmented into single-lumen, double-lumen, triple-lumen and others. The double-lumen segment contributed over USD 16,000 million in the global market outlook for the year 2018. In cases where multiple central venous approaches are essential, double-lumen catheters are used, leading to industry trends. Moreover, these catheters have the capacity to reduce the frequency of the catheterization by inserting multiple drugs with one catheter. Hence, owing to vast application and high efficiency double-lumen contributes to the highest market share.
 

Availability of advanced devices at hospital settings proves beneficial for catheterization surgeries

Based on end-use, market is segmented into hospitals & clinics, specialty centers, ambulatory surgical centers and other. The hospital & clinics segment accounted for around 32% revenue share in 2018 and will continue to show lucrative development in the market over forecast period. The industry growth is majorly attributed to rising patient pool suffering from cardiovascular, urinary & neurological diseases. Moreover, availability of technologically advanced catheters coupled with favourable reimbursement policies will further augment industry growth in hospitals during the analysis period. Additionally, hospitals facilitated with ambulatory catheterization labs delivering top class outpatient service will fuel the catheters market trends.
 

Growing healthcare expenditure and advanced healthcare infrastructure will boost catheter usage

Europe Catheters Market Value & Volume By Country

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Increasing mortality rates owing to cardiovascular diseases will drive Germany catheters market over the forecast timeframe. For instance, as per statistics published by the European Union (EU), 38.6% of total deaths of German population accounted for cardiovascular diseases. Thereby, rise in prevalence of vascular disorders coupled with aging leads to increase in demand for catheter market. Moreover, the presence of various health centers & hospitals focused on cardiac care in the country will propel market growth. For instance, the cardiology department of the German Heart Center is the largest in the Southern Germany that performs 1,200 catheter-based therapies for cardiac arrhythmias annually. Furthermore, presence of key players developing novel catheters in the country will augment industry outlook over coming years.
 

In terms of volume, India will exhibit 16.3% CAGR from 2019 to 2025 in the catheters market. The expansion is attributed to rising prevalence of chronic disorders, improving disposable income and growing penetration of health insurance. Moreover, implementation of several initiatives organized by government & private societies to increase awareness levels will propel industry proliferation. In addition, the market in India is attractive for foreign players due to increasing favorable laws & low labor cost. The rising number of catheters & approvals from regulatory authorities for delivering superior quality products will augment the overall country’s growth.
 

International companies targeting emerging economies for substantial growth opportunities in the catheter market

Companies in catheters industry are shifting their attention towards developing countries such as India, China, Brazil, Mexico, and South Africa. Few of the notable industry players operating in global catheters market are Abbott Laboratories, B Braun, Boston Scientific Corporation, Coloplast, Johnson and Johnson, Medtronic Inc. and Teleflex Inc. These players are implementing various strategies such as collaborations and new product launch to garner higher market share.
 

Some of the recent industry developments:

  • In May 2018, Coloplast launched SpeediCath Flex a soft catheter enabled with a dry sleeve & a flexible tip. These novel catheters have hydrophilic coating that delivers hygienic, simple & smooth catheterization. This launch aided the firm to broaden its product portfolio and strengthen its market position.
     
  • In May 2018, Abbott received US-FDA approval for Abbott Advisor HD Grid Mapping Catheter. This is advanced catheter based on electrophysiology (EP) mapping. This helped the company to strengthen its hold in catheter market.
     

The Catheters market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2014 to 2025, for the following segments:
 

By Product, 2014 – 2025 (USD Million) (000’ Units)

  • Vascular catheters
    • Cardiovascular catheters
      • Electrophysiology (EP) catheters
        • EP ablation
          • Radiofrequency
          • Laser
          • Others
        • EP diagnostics
          • Fixed
          • Steerable
          • Advanced
      • PTCA balloon catheters
      • IVUS catheters
      • PTA balloon catheters
      • Others
    • Neurovascular catheters
  • Urology catheters
    • Dialysis catheters
      • Hemodialysis catheters
      • Peritoneal catheters
    • Urinary catheters
      •  Indwelling catheters
      •  Intermittent catheters
      •  External catheters
  • Intravenous catheters
    • Midline Peripheral catheters
    • Peripherally inserted central catheters (PICC)
    • Central Venous catheters
  • Specialty catheters
    • Wound catheters
    • Oximetry catheters
    • Thermodilution catheters
    • Others
  • Others

By Lumen, 2014 – 2025 (USD Million)

  • Single-lumen
  • Double-lumen
  • Triple-lumen
  • Others 

By End-use, 2014 – 2025 (USD Million)

  • Hospital & clinics
  • Specialty centers
  • Ambulatory surgical centers (ASCs)
  • Others

The above information is provided for the following geographies:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • South Korea
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Venezuela
    • Mexico
    • Others
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Others
       

Frequently Asked Questions (FAQ) :

Catheter is a hollow pipe that is inserted into body to deliver medicine, gas, fluid to patients or to drain bodily fluid such as urine.
The hospital & clinics segment of global catheters market dominates the industry with 32% revenue share in 2018, on account of rising patient pool suffering from cardiovascular, urinary & neurological diseases.
The Canadian market will register over 12% CAGR from 2019 to 2025.
Advancements in existing technologies to address cardiovascular & urology disorders is driving the industry growth worldwide.

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