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Catheters Market Trends

Report ID: GMI787
Published Date: Sep 2023
Report Format: PDF

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Catheters Market Trends

The increasing prevalence of cardiovascular diseases globally is one of the prime factors propelling the catheters industry progress. As per the American Heart Association, in 2020, around 19 million deaths were attributed to cardiovascular diseases across the globe. Further, it was estimated that in 2020, 244 million people were living with ischemic heart disease (IHD) worldwide. The drastic shift in behavioural risk factors such as unhealthy diet, reduced physical activity, increased tobacco use, and excessive consumption of alcohol has promoted the prevalence & mortality rate related to CVDs. The surge in cardiovascular ailments is set to drive the number of hospitalizations & medical procedures that in turn is projected to drive the adoption of catheters.

According to the Institute for Health Metrics and Evaluation (IHME), the total prevalent cases of cardiovascular diseases surged exponentially from 271 million in 1990 to more than 520 million as of 2019. Also, the associated mortalities increased from 12.1 in 1990, to 18.6 million in 2019. Similarly, the incidence of myocardial infarction, valvular disease, congenital heart disease, and other cardiac diseases in that catheters are widely used as a part of the treatment of cardiovascular disorders would drive the demand for the product.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

The catheters industry was valued at over USD 23 billion in 2022 and is projected to reach over USD 54.7 billion by the end of 2032, owing to the increasing prevalence of cardiovascular disorders coupled with rising demand for minimally invasive surgical procedures.

The double-lumen segment was valued at around USD 9.9 billion in 2022, attributable to several advantages offered by these catheters such as simultaneous access, reduced vascular puncture, and efficient drug administration.

North America catheters industry was valued at over USD 7.6 Billion in 2022 and will show significant growth through 2032, due to an increase in the number of patients with cardiovascular disorders, the presence of significant players, and a growing geriatric population base.

Hollister Incorporated, Johnson and Johnson, Manfred Sauer, Medtronic Inc., ICU Medical, Stryker Corporation, Teleflex Inc., CUUMed Catheter Medical Co., Ltd., and Dentsply Sirona Inc. among others.