The Business Research Company’s report on the Catheters Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the catheters market’s growth in recent years?
The rising prevalence of cardiovascular disorders is expected to propel the growth of the catheters market going forward. Cardiac catheterization is a process in which a catheter is moved through a blood vessel to the heart for a better diagnosis of health conditions. The increase in the prevalence of cardiovascular diseases and the growing demand for cardiovascular treatment are expected to increase the demand for catheters. For instance, in May 2024, according to the Centers for Disease Control and Prevention, a Georgia-based national public health agency, in 2022, heart disease was responsible for 702,880 deaths, accounting for 1 in every 5 fatalities. This translates to one person dying from cardiovascular disease every 33 seconds. Annually, approximately 805,000 individuals in the United States experience a heart attack; among them, 605,000 are having their first heart attack, while 200,000 are individuals who have previously suffered a heart attack. The refore, the rising prevalence of cardiovascular disorder drives the catheter market growth during forecast period.
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How does the future projection of the catheters market size compare to its historical growth?
The catheters market size has grown strongly in recent years. It will grow from $31.65 billion in 2024 to $34.08 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to the increasing aging population, prevalence of chronic diseases, shift toward minimally invasive surgical procedures, increased awareness and treatment of urinary incontinence, and expansion of healthcare infrastructure.
The catheters market size is expected to see rapid growth in the next few years. It will grow to $51.72 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to increased use of telemedicine and remote patient monitoring, focus on personalized medicine, utilization of regenerative medicine techniques, increasing shift towards patient-centric care, and growing emphasis on sustainable and eco-friendly catheter materials. Major trends in the forecast period include integration of artificial intelligence (ai) and robotics in catheter-based procedures, development of advanced infection control technologies, technological advancements, product innovations, and adoption of iot.
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Which key players are shaping the future of the catheters market?
Major companies operating 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 trends will propel the growth and evolution of the catheters market?
Strategic collaborations between companies are a key trend that is gaining popularity in the catheter market. Companies in the catheter market are focusing on strategic collaborations to expand their research and development activities for innovative products and improve their market share in their respective markets. For instance, in April 2022, CEMMA, a China-based advanced medical equipment company, collaborated with LipoCoat. The collaboration aims at co-creation of a central venous catheter using the bioinspired LipoCoat coating technology for long-term infection prevention. LipoCoat is a Dutch biotech company that provides catheter products.
Which regions are expected to become dominant players in the catheters market?
North America was the largest region in the catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the catheters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the catheters market, and how are they evolving?
The catheters market covered in this report is segmented –
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
Subsegments:
1) By Cardiovascular Catheters: Angiographic Catheters, Balloon Catheters, Electrophysiology Catheters, Stent Delivery Catheters
2) By Neurovascular Catheters: Microcatheters, Guiding Catheters, Balloon Catheters
3) By Urology Catheters: Foley Catheters, Intermittent Catheters, Suprapubic Catheters
4) By Intravenous Catheters: Peripheral IV Catheters, Central Venous Catheters (CVCs), Peripherally Inserted Central Catheters (PICC)
5) By Specialty Catheters: Dialysis Catheters, Temperature Monitoring Catheters, Gastrostomy Catheters
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How is the catheters market defined, and what are its core characteristics?
A catheter is a medical device that is used to remove urine or other liquids from the body. The catheters are used for different medical purposes, such as the administration of fluids, medications, or gases, or to drain fluids or urine from the body.
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