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Catheters Market Size By Product (Vascular Catheters {Cardiovascular Catheters [Electrophysiology Catheters, 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, Ambulatory Surgical Centers), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI787
  • Base Year: 2020
  • Report Format: PDF

Industry trends

Catheters Market size exceeded USD 18.5 billion in 2020 and is projected to grow at over 9.5% CAGR from 2021 to 2027. The market growth is attributed to the development of novel catheters for interventional surgeries. Increasing focus of industry players on highly precise, upgraded, and cost-effective catheters would augment the market expansion during the forecast period.
 

Catheters Market Overview

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The launch of innovative catheters is intended to minimize the time required for hemostasis and ambulation after the interventional surgery. Furthermore, the growing geriatric population base, increasing incidence of cardiovascular diseases, and related interventional surgeries have increased the demand for technologically advanced products. Innovations in these devices offer faster patient ambulation and early discharge to the patient. These devices further amplify patient comfort and reduce serious surgical complications such as bleeding, vessel thrombosis among others.
 

However, the high cost of advanced catheters may hamper the industry growth. The high cost of innovative products will adversely affect the industry expansion in the coming years. An increasing number of patients suffering from chronic diseases such as cardiovascular diseases, disorders related to the urinary bladder, renal failure requires specific catheters for their catheterization procedures.
 

However, due to their high costs the adoption of these products may decrease across low-income countries. The high costs of these devices and essential accessories will impede the market progression. The growing concern pertaining to the rising costs of advanced products is further compounded by the increasing demand for surgical procedures requiring these devices. The market demand may restrain in developing economies having comparatively low-income levels credited to the high costs related to catheterization procedures. The application of advanced technology within these products has increased the cost of surgical procedures that will be a restraining factor affecting the market revenue. Thus, middle and low-income countries may find it difficult to adopt such high-priced products.
 

The ongoing COVID-19 pandemic has rendered a slightly negative impact in the early 2020 on the catheters market. A decrease in the number of emergencies as well as general visits related to cardiovascular diseases during the COVID-19 pandemic has affected product acceptance to a certain level. Since the social distancing norms and revised operating protocols at healthcare facilities were in place in early 2020, several reports showcased a decrease in the number of elective cardiac, neurological, and urology surgeries that were intended for the management of specific chronic diseases.
 

However, with the formulation of policies and standards to assure the safety of the patients, the number of procedures will continue to increase again. National and International authorities have published revised guidelines that are intended to ensure maximum safety of the patients as well as healthcare professionals and to reduce delays in chronic disease management care. Despite the reduced hospital admissions of patients in 2020, the reducing number of COVID-19 cases and a high proportion of the population suffering from chronic conditions is anticipated to uplift the market in the coming years.
 

Growing global geriatric population base to stimulate the industry progression significantly

Rising geriatric population coupled with the growing prevalence of aortic disease, venous thromboembolism (VTE), and peripheral arterial disease (PAD) owing to age-related changes in vascular structure and function is one of the key factors fostering the market value. The number of older people in the APAC is surging at an unprecedented rate and has already met the aged population level in the region.
 

Rising demand for vascular catheters will promote the industry demand

The vascular catheters segment is expected to witness 9.5% growth rate through 2027 led by the growing acceptance of advanced vascular catheters owing to the benefits associated with it including reduced bleeding complications, increased patient satisfaction, etc. The increasing demand for these innovative devices in interventional surgeries due to advantages such as reduced time for ambulation and reduction in the requirement of post-procedural nursing care time & hemostasis is predicted to stimulate the segment growth.
 

Consistent innovations and the advent of novel technologies in single-lumen catheters to accelerate the industry revenue

The single-lumen segment in the catheters market is poised to reach more than USD 11.39 billion by 2027. The single lumens are widely used in intravenous, drainage, and urological devices. These single-lumen catheters are commonly made of polyethylene or polyurethane and allow a simple as well as direct implant possibility. It offers several benefits including providing the optimal balance of flexibility, anti-kinking, and durability. Single-lumen catheter are made up of superior polyurethane and delivers secured flow rate in venous obstructions.
 

Several market players are emphasizing on the manufacturing of single-lumen catheters under hygienic conditions to ensure safety while using the product. Single-lumen hemodialysis catheter is also available with other components such as dilator, guidewire, and introducer needle among others. These devices are highly preferred for continuous catheterization procedures. The rapid innovations in single-lumen catheters have delivered an extensive array of the catheter that can be employed by surgeons to maximize outcomes for patients.
 

Several advantages delivered by hospitals & clinics in catheterization procedures will surge the catheters market growth

Catheters Market Size

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The hospital & clinics segment is slated to cross USD 18.86 billion by 2027 on account of the availability of board-certified skilled surgeons, focus on providing quality management in catheterization procedures, and their improved productivity among others in the hospitals. Hospital & clinics offer affordable catheterization procedures that help patients and insurers equally. Easy availability to innovative technologies augments the preference for urinary & cardiac catheterization procedures in hospitals & clinics. Additionally, continuous monitoring and inclusive post-surgical care provided in these healthcare facilities are estimated to rise the patient preference for hospitals & clinics.
 

Rising prevalence of renal failure in the North America region to foster the regional growth

Global Catheters Market

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U.S. dominated the North America catheters market with a significant revenue share in 2020 and is anticipated to exceed USD 9.50 billion by 2027. The high market revenue is primarily attributable to numerous factors such as high number of skilled surgeons, the growing prevalence of renal failure, etc. Increasing hospitalizations associated with cardiac catheterization will promote market expansion in the country. Further, the presence of major leaders in the region will boost product demand and adoption rate.
 

Strategies adopted by prominent players will the industry value

Some of the major companies operating in the market are Abbott Laboratories, Boston Scientific Corporation, Johnson and Johnson, Coloplast, B Braun, Teleflex Inc., and Medtronic Inc. These major leaders are adopting various business strategies such as, commercial expansion, new product development & commercialization, distribution agreements for business expansion. Moreover, these participants are investing heavily in developing products and thereby driving revenue generation.
 

Catheters market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and volume in ‘000 Units from 2016 to 2027, for the following segments:

Market, By Product, 2016 - 2027 (USD Million and ‘000 Units)

  • Vascular Catheters
    • Cardiovascular Catheter
      • Electrophysiology Catheters
      • PTCA Balloon Catheters
      • IVUS Catheters
      • PTA Balloon Catheters
      • Others
    • Neurovascular Catheters
  • Urology Catheters
    • Dialysis Catheters
      • Hemodialysis catheters
      • Peritoneal catheters
    • Urinary Catheters
      • Indwelling catheter
      • Intermittent catheters
      • External catheters
  • Intravenous Catheters
    • Midline Peripheral Catheter
    • Peripherally Inserted Central Catheter
    • Central Venous Catheter
  • Specialty Catheters
    • Wound Catheters
    • Oximetry Catheters
    • Thermodilution Catheters
    • Others
  • Others

Market, By Lumen, 2016 - 2027 (USD Million)

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

Market, By End-use, 2016 - 2027 (USD Million)

  • Hospital & Clinics
  • Ambulatory Surgical Centers
  • Others

The above information is provided for the following regions and countries:

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

 

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

Market size of catheters surpassed USD 18.5 billion in 2020 and will witness CAGR of over 9.5% through 2027 with the advent of precise, upgraded, and cost-effective catheters.

Vascular catheters segment will record a CAGR of 9.5% through 2027 with the growing demand owing to the benefits such as reduced bleeding complications, increased patient satisfaction, etc.

Single-lumen segment will record a valuation of over USD 11.39 billion by 2027 with the increasing usage in intravenous, drainage, and urological devices.

Hospital & clinics segment will record a valuation of over USD 18.86 billion by 2027 on account of the increasing focus on providing quality management in catheterization procedures.

The major companies operating in the market are Abbott Laboratories, Boston Scientific Corporation, Johnson and Johnson, Coloplast, B Braun, Teleflex Inc., and Medtronic Inc

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Premium Report Details

  • Published Date: Dec 2021
  • Companies covered: 15
  • Tables & Figures: 1071
  • Countries covered: 20
  • Pages: 400

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