Pediatric catheters are medical devices specifically designed and sized for use in pediatric patients, typically infants and children. They are designed to be smaller in size and gentler in construction compared to adult catheters to minimize discomfort and reduce the risk of complications in pediatric patients for diagnostic, therapeutic, and monitoring purposes.
Sizing and Forecast
The pediatric catheter market size has grown strongly in recent years. It will grow from $6.39 billion in 2023 to $6.98 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to the increased prevalence of pediatric disorders, increased awareness among parents and healthcare professionals, increased preference for minimally invasive procedures, enhancements in healthcare infrastructure, growing preference for home-based medical care.
The pediatric catheter market size is expected to see strong growth in the next few years. It will grow to $9.98 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to the increasing prevalence of pediatric diseases, rising healthcare expenditure, increasing prevalence of chronic diseases, growth in ambulatory surgical centres, growing emphasis on environmental concerns and sustainable practices, and rising incidences of pediatric neurological conditions. Major trends in the forecast period include technological advancements, adoption of advanced catheterization techniques, integration of digital health technologies, adoption of environmentally sustainable materials, expansion of pediatric catheter distribution networks, increasing adoption of virtual consultations.
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Segmentation & Regional Insights
The pediatric catheter market covered in this report is segmented –
1) By Product Type: Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters, Other Types
2) By Lumen: Single Lumen, Double Lumen, Triple Lumen
3) By End User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users
North America was the largest region in the pediatric catheter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric catheter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising number of minimally invasive surgeries is expected to propel the growth of the pediatric catheter market going forward. Minimally invasive surgery (MIS) is a surgical method that minimizes cutting through the skin and tissues using techniques that produce as little harm as possible during treatments. Minimally invasive surgery is in demand due to faster recovery, less discomfort, and minimal scarring. Minimally invasive surgery enhances the utilization of pediatric catheters by providing less invasive access for insertion, reducing pain, shorter hospital stays, and faster recovery. For instance, in August 2023, according to The Aesthetic Society, a US-based organization devoted entirely to aesthetic plastic surgery and cosmetic medicine of the face and body, Americans spent over $11.8 billion on minimally invasive surgeries (aesthetic procedures) overall, up 2% from the previous year. Therefore, rising minimally invasive surgeries are driving the pediatric catheter market.
Key Industry Players
Major companies operating in the pediatric catheter market are Cardinal Health, Abbott Laboratories, Medtronic Plc, Becton, Dickinson and Company, Stryker Corporation, Medline Industries LP., B. Braun SE, Olympus Corporation, Edwards Lifesciences Corporation, Coloplast Corp., Cook Medical, Getinge AB, ICU Medical Inc., Convatec Inc., Lepu Medical Technology(Beijing) Co. Ltd., Merit Medical Systems, Vygon SAS, AngioDynamics Inc., pfm medical gmbh, Avanos Medical Inc., 180 Medical Inc., Romsons Group, Flexicare Medical Ltd., Medical Components Inc., Well Lead Medical Co. Ltd.
The pediatric catheter market report table of contents includes:
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List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Pediatric Catheter Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Pediatric Catheter Market, Segmentation By Lumen, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Pediatric Catheter Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Cardinal Health Financial Performance
Table 75: Abbott Laboratories Financial Performance
Table 76: Medtronic Plc Financial Performance
Table 77: Becton, Dickinson and Company Financial Performance
Table 78: Stryker Corporation Financial Performance
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