Global Catheters Market Size, Share, Growth, Trends, Revenue, Consumption, Company Analysis and Forecast 2020-2027

Published Date : Aug 2019 | No. of Pages : 150+ Pages | Category : Healthcare

The global catheters market size was valued at US$ 10.9 billion in 2019 and is estimated to reach US$ 20.2 billion by 2027, registering a CAGR of 8.5% from 2020 to 2027.

Catheters are thin tubes made of medical grade material such as plastic, silicon rubber, polyvinyl chloride (PVC), and nylon, which are inserted in the patient’s body for therapeutic and diagnostic purposes. Catheterization is a primary co-procedure performed with varied other medical procedures such as angioplasty, cardiac electrophysiology, and neurosurgery, wherein catheters are used. There are a variety of catheters present in the market including cardiovascular catheters, neurovascular catheters, urinary catheter, intravenous catheters, and specialty catheters. Moreover, among these aforementioned catheters, cardiovascular are the most widely used catheters. High prevalence of cardiovascular diseases coupled with the development of unique-feature enhanced cardiovascular catheters is the core factor that drives the growth of the cardiovascular catheters market. Nevertheless, novel products such as external male catheters, have proved to be a lucrative addition to the overall catheters and variants product lines for the catheters manufacturing companies.

Hospitals to Remain Key Users of Catheters over Forecast Period

On the basis of end users, the global catheters market is segmented into ambulatory surgical center, hospitals, and dialysis centers amongst others. Out of these, the hospitals segment dominates the global market as they are obvious key users of catheters. The ambulatory services segment follows this one closely. The report points out that hospitals segment will continue to dominate throughout the forecast period due to growing number of private and government-run hospitals that are expected to come up in the near future. Furthermore, efforts taken by government initiatives to reduce the hospital-related expenditure are also projected to work in the favor of catheters market in the near future.

Cardiovascular Catheters to Dominate Global Market as Cardiovascular Treatments Remain on the Rise

The various types of catheters available in the global market are cardiovascular catheters, urology catheters, intravenous catheters, specialty catheters, and neurovascular catheters. Out of these, the demand for cardiovascular catheters is projected to remain the highest. The high prevalence of cardiovascular diseases and the rising number of surgeries pertaining to treating the same are stoking the demand for cardiovascular catheters. The World Health Organization states that the cardiovascular diseases are the main cause of deaths across the world. Statistics revealed by WHO states that 17.7 million met a fatal end due to cardiovascular diseases in 2015. These alarming figures are projected to be the primary growth driver for the cardiovascular catheters segment. Furthermore, the increasing demand for minimally-invasive procedures has also supplemented the growth of the market.

Health Burden of Cardiovascular Diseases Drive Demand for Catheterization Techniques

Opportunities in the global catheters market have thrived mainly on the sales of intravenous medical devices and vascular access devices. Their uptake in the health care industry has been rising due to the use of catheters in a wide range of diagnostic and therapeutic applications.

Among the various product types, cardiovascular catheters are expected to contribute the dominant share in global catheters market. In the light of high mortality and health burden of cardiovascular diseases, the drive for use of cardiovascular catheters among patient population has risen. Rising incidence of urinary tract procedures is bolstering growth in the catheters market.

Both ambulatory services and hospitals are witnessing the rise in uptake of intravenous access devices, spurring revenue growth in the catheters market. Advancements in cardiac catheterization techniques have helped expand the popularity of new technologies in catheters in these healthcare settings. These technologies focus on minimizing the risk of catheter-associated risks. Rapid advances have also been made in urinary catheters, unlocking new prospects in the catheters market.

Adoption of Cutting-Edge Intravenous Medical Devices Account for Opportunities in North America

Of all the regional markets, North America holds the major share. Europe is one of the prominent regions for revenue generation in the catheters market. Both key regional markets have seen the rapid uptake of advanced catheterization technologies. Adoption of cutting-edge intravenous medical devices and vascular access devices in healthcare systems has spurred revenue in the catheter market.

On the other hand, Asia Pacific is expected to offer substantial, consistent revenues in the catheters market. Rise in medical tourism has spurred opportunities in the regional market. Rising elderly population in numerous countries has bolstered the demand for minimally invasive medical technologies. This has spurred the demand for new technologies in the catheter market. Furthermore, growing efforts of governments to reduce the hospital expenses has also propelled the uptake of catheterization procedures for urinary and cardiac conditions. Rising incidence of cardiovascular treatments is expected to boost the market. 

Leading market players

Leading market players active in the industry include Abbott Laboratories, Boston Scientific Corporation, Becton Dickinson And Company, Cook Medical, Stryker Corporation, Teleflex Incorporated, B. Braun Melsungen AG, Medtronic, Inc., Johnson & Johnson, and Edwards Lifesciences Corp. They have adopted various strategies including expansions, mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry.

The report analyzes and forecasts the catheters market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global catheters market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the catheters market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of catheters market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Segmentation:

By Product

  • Cardiovascular Catheters 
    • Electrophysiology Catheters 
    • PTCA Balloons Catheters
    • IVUS Catheters
    • PTA Balloons Catheters
    • Others
  • Neurovascular Catheters
  • Urological Catheters
    • Dialysis Catheter
      • Hemodialysis Catheters
      • Peritoneal Catheters
    • Urinary Catheter
      • Foley Catheters
      • Intermittent Catheters
      • External Catheters
  • Intravenous Catheters
    • Central Venous Catheters
    • Peripheral Venous Catheters
      • Integrated Catheters
      • Short Catheters
  • Specialty Catheters
    • Wound/Surgical Drain
    • Oximetry
    • Thermodilution
    • IUI Catheters

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA 
    • Saudi Arabia
    • South Africa
    • Brazil
    • Rest of LAMEA

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global catheters capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key catheters manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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