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Global Catheters Market Size (2024 - 2029)

The catheters market is anticipated to experience significant growth, driven by the increasing prevalence of chronic diseases and the rising demand for minimally invasive procedures. The market's expansion is further supported by the heightened need for catheters during the COVID-19 pandemic, as hospitals and emergency clinics saw a surge in in-patient admissions requiring these devices. Product innovations and launches have also contributed positively to the market's development. Despite these growth drivers, challenges such as complications related to catheter use and the availability of alternative products may pose obstacles to market expansion.

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Market Size of Global Catheters Industry

Catheters Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 7.70 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Catheters Market Major Players

*Disclaimer: Major Players sorted in no particular order

Catheters Market Analysis

The Catheters Market is poised to register a CAGR of 7.7% during the forecast period (2022-2027).

The rising COVID-19 cases across the world and the lockdown situation have had a significant impact on the market, initially due to on-hold services, such as treatment, diagnostic, and surgical services, to prevent the spread of COVID-19. However, the growing number of COVID-19 cases around the world has helped in increasing the number of in-patient admissions. As governments and healthcare institutions were found to increase efficient medical treatment to treat COVID-19 patients, the usage of catheters witnessed tremendous demand in hospitals and emergency clinics. Patients with suspected or confirmed diagnoses of COVID-19 were being treated with the help of catheters, and hence, the demand for these products remained huge throughout the pandemic. Moreover, product launches amid the pandemic were also anticipated to have a positive impact on the market's growth. For instance, in April 2020, Bactiguard introduced a new urinary catheter, the BIP Foley TempSensor, for continuous temperature monitoring in patients. Such factors collectively bolstered the market's growth over the pandemic phase.

The market is expected to observe good growth due to the increasing burden of cardiovascular, neurologic, and urological disorders; increasing usage of minimally invasive procedures; and the rising demand for antimicrobial catheters. Rising chronic disorders have become the most dominant cause of mortality and morbidity globally. According to the Brain Aneurysm Foundation in March 2021, globally, approximately 500,000 deaths are caused by brain aneurysms every year, and half of such individuals are aged 50 or below. The annual rate of rupture is around 8-10 people per 100,000 or about 30,000 people in the United States. Thus, with the increasing prevalence of neurovascular disorders, the demand for neurovascular catheter devices is also anticipated to rise.

Furthermore, the growing number of minimally invasive procedures is expected to increase the demand for catheters worldwide. These procedures have increased patients' preference for less invasive procedures, which is expected to favor the market's growth. In addition, rising initiatives from the key market players for the launch of their products are expected to propel the market's growth further. For instance, in July 2021, Medtronic plc launched its Prevail drug-coated balloon (DCB) catheter in Europe following the CE (Conformité Européenne) mark. The newest coronary DCB on the market, the Prevail DCB, is used during percutaneous coronary intervention (PCI) procedures to treat narrowed or blocked coronary arteries in patients with coronary artery disease (CAD). This will lead to increased adoption of such catheters to treat cardiovascular disease, and the market growth will benefit from rising minimally invasive procedure trends.

Hence, with the increasing number of surgeries being performed due to rising cases of chronic diseases, the demand for catheters is expected to increase in the near future, thereby driving the market's growth. However, complications associated with catheters and the presence of substitutes may hamper the growth of the market.

Catheters Industry Segmentation

As per the scope of the report, a catheter is a medical device that can be inserted into the body to treat diseases or perform surgical procedures. By modifying the material or adjusting the way catheters are manufactured, it is possible to tailor catheters for cardiovascular, urological, gastrointestinal, neurovascular, and ophthalmic applications. The Catheters Market is Segmented by Product (Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, and Other Products), End User (Hospitals, Long Term Care Facilities, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Product
Cardiovascular Catheters
Urology Catheters
Intravenous Catheters
Neurovascular Catheters
Other Products
By End User
Hospitals
Long Term Care Facilities
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Catheters Market Size Summary

The catheters market is experiencing robust growth, driven by the increasing prevalence of chronic diseases and the rising demand for minimally invasive procedures. The market's expansion is further supported by the growing need for antimicrobial catheters and the rising incidence of cardiovascular, neurologic, and urological disorders. The COVID-19 pandemic initially disrupted the market due to postponed medical services, but it also led to a surge in catheter demand as hospitals treated infected patients. Product innovations during this period, such as the introduction of new urinary catheters, have positively influenced market dynamics. The preference for less invasive surgical options is also contributing to the market's growth, as seen with the launch of advanced catheters for coronary interventions.

Regionally, North America is anticipated to maintain a significant share of the catheters market, with the United States leading due to strong governmental support for medical devices and a high volume of surgical procedures. The market is characterized by intense competition, with numerous companies focusing on developing advanced catheter technologies and expanding their global presence through strategic collaborations and product launches. Regulatory approvals for new catheter products are expected to further bolster market growth, particularly in the urology segment, where rising cases of urinary incontinence are driving demand. Key players in the market include B. Braun Melsungen AG, Coloplast, ConvaTec Group, and Medtronic PLC, among others, who are actively engaging in mergers, acquisitions, and innovative product introductions to enhance their market positions.

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Global Catheters Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Burden of Cardiovascular, Neurological, and Urological Disorders

      2. 1.2.2 Increasing Usage of Minimally Invasive Procedures

      3. 1.2.3 Rising Demand for Antimicrobial Catheters

    3. 1.3 Market Restraints

      1. 1.3.1 Risks and Complications Associated with Catheters

      2. 1.3.2 Presence of Substitutes

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Product

      1. 2.1.1 Cardiovascular Catheters

      2. 2.1.2 Urology Catheters

      3. 2.1.3 Intravenous Catheters

      4. 2.1.4 Neurovascular Catheters

      5. 2.1.5 Other Products

    2. 2.2 By End User

      1. 2.2.1 Hospitals

      2. 2.2.2 Long Term Care Facilities

      3. 2.2.3 Other End Users

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle-East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle-East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Global Catheters Market Size FAQs

The Global Catheters Market is projected to register a CAGR of 7.70% during the forecast period (2024-2029)

Hollister, Medtronic Plc, Coloplast, Becton, Dickinson and Company and B. Braun Melsungen AG are the major companies operating in the Global Catheters Market.

Catheters Market Report Snapshots

Catheters Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)