Global Catheters Market By Type Overview
Catheters Market Size was valued at USD 2.6 Billion in 2024 and is projected to grow at a CAGR of 16.4%to reach USD 10.3 Billion by 2034.
Catheters is a flexible tube inserted into the body to deliver or remove fluids, monitor various types of information, or provide access to surgical instruments. Catheters are used in various medical procedures and come in different types, each designed for specific purposes.
Silicon rubber, nylon, plastic, and polyvinyl chloride (PVC) are used to make catheters, which are thin tubes. Catheterization is a common surgical treatment used in neurosurgery and angioplasty. Due to a rise in the number of people with diabetes and cardiovascular diseases, this industry is expanding rapidly. These days, sedentary lifestyles combined with rising rates of drinking and smoking have led to an increase in the number of individuals with diabetes and hypertension in many nations. In addition, the need for minimally invasive operations is increasing due to favourable payment policies, and catheter technology is developing at a rapid pace with great efficacy. The catheter market will eventually be driven by all of these factors. Due to the widespread use of catheters in procedures like angioplasty, the market is expanding.
Additionally, catheterization techniques are becoming more advanced technologically, and the number of elderly people with incontinence issues has significantly increased. The market is being driven by all of these reasons. It has been noted that the market for sterile, disposable catheters is expanding, and that minimally invasive surgical treatments are generally chosen. Several government agencies and medical device manufacturers are also providing financing for these initiatives. The catheter market is expanding as a result of all these factors. A tiny tube called a catheter is put into the patient's body for both medical and diagnostic reasons. Medical-grade materials such as silicone rubbers, nylon, plastic, latex, and polyvinyl chloride (PVC) are used in it.
Global Catheters Market By Type Drivers & Restraints
Catheters Market Drivers:
Rising Aging Population
- An increasing number of people worldwide are living longer, which results in a larger senior population. This demographic is particularly vulnerable to age-related illnesses such as incontinence and cardiovascular disorders, which both significantly depend on catheters for diagnosis, treatment, and care.
Growing Rate of Chronic Illnesses
- Globally, chronic illnesses such chronic kidney disease (CKD) and cardiovascular diseases (CVDs) are becoming more common.
When it comes to identifying and treating these disorders, catheters are essential. Catheters, for example, are used in dialysis to remove waste items from the blood in patients whose kidneys are failing, and in angioplasty to open blocked arteries in the heart. Catheters are anticipated to be more in demand as the burden of chronic diseases rises.
Growing Attention on Value-Based Healthcare
- Value-based care is changing the face of healthcare, rewarding providers for finding economical solutions that enhance patient outcomes.
Producers are concentrating on creating catheters and treatments that are more affordable, hence increasing their accessibility to a larger patient population.
Restrains in the Catheters Market:
Product Recalls and Safety Concerns
- Product failures and recalls can significantly impact patient safety and erode trust in the market. Stringent regulatory requirements and robust quality control measures are crucial to mitigate this risk.
High Cost of Procedures and Catheters
- Advanced catheters and the procedures they enable can be expensive, limiting accessibility for some patients. This can be a significant barrier in regions with limited healthcare budgets or for patients with restricted insurance coverage.
Key Opportunities in Catheters Market:
Emphasis on Developing Markets
- There are several prospects in rapidly developing economies with expanding healthcare facilities and rising disposable incomes. It will be essential for market penetration to address affordability issues and customize catheter designs to meet unique needs in these areas.
Remote catheterization procedures and telemedicine
- Technological developments in telemedicine may make remote catheterization procedures possible. Patients who live in rural areas or have limited mobility may find it easier to access these procedures as a result.
Global Catheters Market By Type Segmentations & Regional Insights
Catheters Market is segmented based on based on by type, by End-User and by Region.
By Type
- Cardiovascular Catheters - Due to the growing prevalence of cardiovascular illnesses and minimally invasive techniques such as angioplasty, this is the largest segment. Moreover, it contains: Angiography Catheters, OCT/IVUS Catheters, Electrophysiology Catheters (highest percentage in the cardiovascular domain), and Neurovascular Catheters: Used for procedures in the brain and blood arteries of the head and neck; includes PTCA and PTA balloon catheters.
- Urological Catheters: Used to treat post-operative urinary incontinence or discharge. Foley catheters and intermittent catheters are two examples.
- Dialysis and intravenous catheters are used to inject drugs, fluids, and other materials straight into the bloodstream. Central Venous Catheters are included in this.
- Specialty Catheters: This category includes a broad variety of catheters designed for particular use, including percutaneous drainage catheters. Catheters for Biliary Drainage, Drainage Catheters for Pleural.
By End User
- Hospital - Due to the large number of operations, procedures, and critically ill patients who need long-term catheter use, hospitals are the main users of catheters. Additionally, a greater variety of specialists who use different types of catheters for different medical applications are housed in hospitals.
- Ambulatory Surgical Centres - One of the main factors driving catheter demand in ASCs is the rising acceptance of less invasive treatments. When compared to regular hospitals, these centres provide patients with a more convenient and affordable environment. Specialized catheters are anticipated to become increasingly and more necessary in ASCs as technological developments enable more complex treatments to be carried out there. Procedures in the fields of cardiology, orthopaedics, gastroenterology, and urology are especially affected by this trend.
- Dialysis Clinics - Haemodialysis, a renal replacement therapy for patients with severe kidney failure, depends heavily on catheters. During haemodialysis, blood is circulated via an external artificial kidney machine (hemodialyzer) in order to filter waste materials and extra fluid from the blood. During the dialysis process, an entry point for blood flow is created in the patient's blood artery using either two needles or a single catheter.
Catheters Market Regional Insights:
On region the Catheters Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- North America region exhibits a high adoption rate of advanced medical technologies, including various types of catheters. There is a significant aging population, leading to a higher prevalence of chronic diseases such as cardiovascular diseases, diabetes, and urinary conditions, driving the demand for catheters.
- Asia Pacific region is becoming a hub for medical tourism, attracting patients from across the world due to cost-effective and quality medical treatments.
- Europe consists of a mix of public and private healthcare systems with substantial government funding in countries like Germany, France, and the UK.
- Latin America region has a mix of developed and developing healthcare systems, with significant disparities in access and quality. Many public health programs are designed to reduce the burden of chronic diseases and increase access to healthcare.
- Middle East & Africa the smallest region, but one that is expected to expand as a result of growing disposable income and government spending on healthcare.
Catheters Market Report Scope:
Attribute |
Details |
Market Size 2024 |
US$ 2.6 billion |
Projected Market Size 2034 |
US$ 10.3 billion |
CAGR Growth Rate |
16.4% |
Base year for estimation |
2023 |
Forecast period |
2024-2034 |
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
Market Segmentation |
By Type - Cardiovascular Catheters, Urological Catheters, Intravenous Catheters, and Specialty Catheters By End-User - Hospital, Ambulatory Surgical Centres and Dialysis Clinics |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Catheters Market report based on By Type, By End-User and Region:
Catheters Market, By Type:
- Cardiovascular Catheters
- Urological Catheters
- Intravenous Catheters
- Specialty Catheters
Catheters Market, By End-User:
- Hospital
- Ambulatory Surgical Centres
- Dialysis Clinics
Catheters Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Catheters Market By Type Competitive Landscape & Key Players
The key players operating the Catheters Market includes, Cook Group Incorporated, Teleflex Incorporated, Johnson & Johnson, Boston Scientific Corporation, C. R. Bard, Inc., Medtronic plc., B. Braun Melsungen AG, Becton, Dickinson and Company, Abbott Laboratories.
Global Catheters Market By Type Recent News
- In April 2024, In EMEA, Johnson & Johnson introduced two new products. The Ethizia haemostatic sealing patch and the Cereglide aspiration catheter are the two new items that the massive medical device company Johnson & Johnson (J&J) has introduced in Europe, the Middle East, and Africa.
- In May 2024, The Midway 43 and Midway 62 delivery catheters from Penumbra, which are intended to offer precise tracking and a sturdy platform to facilitate the delivery of several embolization therapies in the neurovascular, were recently introduced. The business also announced the launch of three of its reperfusion catheters for acute ischemic stroke in Europe, Red 43, and Red 72 with Sendit technology, and Red 78, as well as their CE-mark certification on the same day as this news.
Global Catheters Market By Type Company Profile
- Cook Group Incorporated
- Teleflex Incorporated
- Johnson & Johnson
- Boston Scientific Corporation
- C. R. Bard, Inc.
- Medtronic plc.
- B. Braun Melsungen AG
- Becton
- Dickinson and Company
- Abbott Laboratories
Global Catheters Market By Type Highlights
FAQs
Catheters Market Size was valued at US$ 2.6 billion in 2024 and is projected to grow at a CAGR of 16.4%to reach US$ 10.3 billion by 2034.
Catheters Market is segmented into Type, End-User and Region.
Factors driving the market includes population aging, growing rate of chronic illnesses, and growing attention on value-based healthcare.
Restraints of the Catheters Market include product recalls and safety concerns, high cost of procedures and catheters, problems associated with the catheterization process, lack of experienced experts.
What regions are considered in the report & which Region will dominate the target market?
The key players operating the Catheters Market includes Cook Group Incorporated, Teleflex Incorporated, Johnson & Johnson, Boston Scientific Corporation, C. R. Bard, Inc., Medtronic plc., B. Braun Melsungen AG, Becton, Dickinson and Company, and Abbott Laboratories.