Catheters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Catheters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global catheters market size reached US$ 20.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2022-2028.

A catheter is a thin tube inserted into the patient’s body for therapeutic and diagnostic applications. It is manufactured using medical-grade materials, such as plastic, silicone rubbers, latex, polyvinyl chloride (PVC) and nylon. Some of the commonly available variants include cardiovascular, neurovascular, urinary, intravenous and specialty catheters. They are used to deliver medicines and gases into the bodies and are also used in acute care facilities to monitor and manage drainage of bodily fluids, such as urine, during surgery and post-operative recovery. As a result, catheters find extensive applications in the treatment of various neurovascular, urological and cardiovascular disorders.

The increasing prevalence of urological disorders across the globe is one of the key factors driving the growth of the market. Furthermore, the rising geriatric population, which is more susceptible to such ailments and the increasing preference for minimally invasive surgeries (MI) are providing a thrust to the market growth. These catheters are also widely used in hospitals, clinics and other healthcare centers for electrophysiological procedures that use catheters to insert wire electrodes to measure electrical activity in the blood vessels entering the heart. Additionally, various technological advancements, such as the utilization of robot-assisted surgical interventions, are acting as other growth-inducing factors. In line with this, the manufacturing of anti-microbial catheters with silver ion coatings to minimize the incidence of catheter-associated infections and thrombosis, which is favoring the market growth. Other factors, including rising expenditure capacities of the masses on medical procedures, along with significant improvements in the healthcare infrastructure, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global catheters market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end user.

Breakup by Product Type:

Cardiovascular Catheters

Urology Catheters

Intravenous Catheters

Neurovascular Catheters

Specialty Catheters

Others



Breakup by End User:

Hospitals and Clinics

Ambulatory Surgical Centers

Others



Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa



Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, B. Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, Coloplast Corporation, ConvaTec Group PLC, Edwards Lifesciences Corporation, Hollister Incorporated, Johnson & Johnson, Medtronic plc, Stryker Corporation and Teleflex Incorporated.

Key Questions Answered in This Report:

How has the global catheters market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global catheters market?

What are the key regional markets?

What is the breakup of the market based on the product type?

What is the breakup of the market based on the end user?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global catheters market and who are the key players?

What is the degree of competition in the industry?