The catheters market is projected to experience rapid growth and reach $51.72 billion in 2029 at a CAGR of 11.0%. The forecasted growth is attributable to augmented use of telemedicine and remote patient monitoring, focus on personalized medicine, adoption of regenerative medicine techniques, increasing shift towards patient-centric care, and the growing emphasis on sustainable and eco-friendly catheter materials. Major trends include the integration of artificial intelligence and robotics in catheter-based procedures, adoption of advanced infection control technologies, technological advancements, product innovations, and embracing the Internet of Things (IoT).
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What Are the Growth Drivers of the Catheters Market?
The escalating prevalence of cardiovascular disorders is driving the growth of the catheters market. Cardiac catheterization is a procedure in which a catheter is introduced via a blood vessel to the heart to diagnose health conditions. The rise in prevalence of cardiovascular diseases and growing demand for cardiovascular treatment heightens the demand for catheters. In May 2024, according to the Centers for Disease Control and Prevention, in 2022, heart disease accounted for 702,880 deaths, or 1 in every 5 fatalities in the US, meaning one person died from cardiovascular disease every 33 seconds. Every year, around 805,000 individuals in the US have a heart attack, of which 605,000 are first-time heart attacks, while 200,000 are recurring heart attacks. Thus, the rising prevalence of cardiovascular disorder propels the catheter market growth.
What Are the Major Segments within the Catheters Market?
1) By Product: Cardiovascular Catheters, Neurovascular Catheters, Urology Catheters, Intravenous Catheters, Specialty Catheters
2) By Lumen: Single-lumen, Double-lumen, Triple-lumen
3) By End User: Hospitals & Clinics, Ambulatory Surgical Centers
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Which Key Companies are Transforming Catheters Market Landscape?
Significant companies in the catheters market include Boston Scientific Corporation, Coloplast A/S, ConvaTec Group Plc, Edwards Lifesciences Corporation, Hollister Incorporated, Johnson & Johnson, Medtronic Plc, B. Braun Melsungen AG, Terumo Corporation, Lumend Corporation, Acist Medical Systems Inc., Cook Medical Inc., Becton Dickinson and Company, Stryker Corporation, Merit Medical Systems Inc., Abbott Laboratories, Manfred Sauer GmbH, Koninklijke Philips N.V., Teleflex Incorporated, C. R. Bard Inc., Vascular Solutions Inc., Cordis Corporation, Rochester Medical Corporation, Navilyst Medical Inc., AngioDynamics Inc., Cardinal Health Inc., Olympus Corporation, Penumbra Inc., Siemens Healthineers AG, Smiths Medical Inc.
What Emerging Trends are Shaping the Catheter Market Landscape?
Strategic collaborations between companies are a key trend gaining momentum in the catheter market. Companies are focusing on strategic collaborations for expansion of research and development activities for innovative products and improve their market share. For instance, in April 2022, CEMMA, a China-based advanced medical equipment company, collaborated with LipoCoat to co-create a central venous catheter utilizing the innovative LipoCoat coating technology for long-term infection prevention. LipoCoat is a Dutch biotech company specializing in catheter products.
Which Region Exhibits Rapid Growth within the Catheter Market?
North America accounted for the largest share in the catheters market in 2024, while Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does the Catheters Market 2025 Report Offer?
A catheter is a medical device used to remove urine and other fluids from the body. Catheters are utilised for various medical purposes such as administration of fluids, medications, gases or to drain fluids or urine from the body. The Catheters Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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