Catheter Market By Type (Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters), End-User (Hospitals, Long-term Care Facilities, Diagnostic Imaging Centers), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Catheter Market Valuation – 2024-2031

The growing trend of ambulatory care settings for some operations is generating demand for catheters designed exclusively for outpatient use. This tendency is driven by the need to shorten hospital stays and reduce total healthcare expenses. As healthcare systems promote efficiency and cost-effectiveness, the use of outpatient catheters becomes more common, allowing patients to recover faster and freeing up hospital resources. Thus, the growing focus on ambulatory care is surging the growth of market size to USD 21.18 Billion in 2024 to reach a valuation of USD 38.41 Billion by 2031.

The emerging countries are seeing an increase in disposable incomes and greater access to healthcare. This economic growth and healthcare expansion open up new and profitable markets for catheter makers. Catheters used in basic medical operations are in particularly high demand, as these regions spend on improving their medical infrastructure and expanding access to important healthcare services. Thus, the rising disposal income and increasing access to healthcare is enabling the market to grow at a CAGR of 8.52% from 2024 to 2031.

Catheter MarketDefinition/ Overview

Catheters are medical devices that are put into the body to treat diseases or carry out surgical procedures. Catheter manufacturing can be modified to suit cardiovascular, urological, gastrointestinal, neurovascular, and ophthalmic uses. Catheters are made from a variety of materials, allowing them to stay in place for weeks. Silicone rubber, nylon, polyurethane, polyethylene terephthalate (PET), latex, and thermoplastic elastomers are common polymers used in catheter manufacture. Silicone is a preferred material for implantation catheters because it is inert and resistant to body fluids and other medicinal liquids.

Indwelling catheters are often used for short periods, such as weeks or months, when regular bladder drainage is required, but they are rarely used indefinitely. Bladder catheterization has been used since antiquity to evacuate urine when the bladder fails to empty. It is a necessary process for several medical treatments, including angioplasty, cardiac electrophysiology, and neurosurgery. Catheters are available in a variety of varieties, including cardiovascular, neurovascular, urinary, intravenous, and specialty catheters. Cardiovascular catheters are the most commonly utilized.

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Global Catheters Market Overview

What's fueling the global catheters market? Well, it's mainly due to the sheer number of people dealing with cardiovascular diseases, along with some really cool advancements in cardiovascular catheters that have unique features. Over the past thirty years, chronic conditions like cardiovascular, neurology, and urology disorders have sadly become leading causes of death and illness worldwide. And what's behind this rise in chronic issues? A lot of it has to do with high blood pressure and diabetes, which can lead to things like kidney failure. Plus, we're seeing more mid-sized catheter companies grabbing a bigger piece of the market and increased funding from governments for research and development – all expected to boost market growth in the coming years. It's a growing field for sure!

Moreover, the increasing demand for minimally invasive procedures due to the current technological innovations is anticipated to boost the sale of catheters in the market. The antimicrobial coating and miniaturized catheters are employed to prevent the cases of restenosis and the reoccurrence of the reduction of a blood vessel at the later stage can be treated. However, inadequate quality assurance and price competition at domestic levels are anticipated to hamper this growth. In addition, the risk of infections due to the use of catheters has also turned up as a major constraining factor for the Catheter Market growth.

Using catheters over and over can sometimes cause nasty urinary tract infections and even bloodstream infections related to central lines. Plus, folks dealing with long-term illnesses often have weaker immune systems and find themselves in and out of hospitals a lot. All that catheter use to access their blood vessels really puts them at risk of getting an infection! Looking ahead, things like product defects and recalls, not-so-great tax laws, and trade obstacles might slow down market growth. But hey, on the bright side, better insurance coverage and new and improved catheter tech could open up some exciting opportunities for the Catheter Market down the road.

How the Nosocomial Infection Control and Increasing Geriatric Population is Surging the Growth of Catheter Market?

Hospitals are constantly trying to fight off those pesky hospital-acquired infections (HAIs) - they're a big worry for keeping patients safe and keeping healthcare costs down. One of the key ways they're doing this is with smarter catheter designs – think antimicrobial coatings or features that mean the catheter doesn't have to stay in for as long. These advancements really make a difference in lowering infection risks, which is why customized catheters are becoming so popular. It all boils down to wanting safer healthcare and better results for patients. Plus, as more and more people are getting older, the need for catheters for all sorts of medical stuff is really taking off. Older folks are just more likely to have those long-term conditions that often require a catheter, like for urine drainage, dialysis, or even cardiovascular procedures. So, this aging population is a big reason why the market's growing – healthcare systems need to keep up with the increasing number of catheter-based operations.

Everyone's talking about minimally invasive surgery these days, and that's creating a huge buzz for custom-designed catheters. Think about itsmaller cuts during surgery mean you're back on your feet faster and feeling less pain. These less invasive methods are really catching on because they're easier on patients. That popularity is fueling a demand for smart catheter tech that can keep up. The good news? Catheter tech is constantly getting better! We're seeing improved biocompatible materials, catheters that do more, and even remote monitoring. These advances don't just make catheters work better and safer; they're also opening doors to new ways we can use them in modern medicine. And of course, there's ongoing research and development.

We're seeing more and more surgeries done using catheters these days! This shift towards minimally invasive procedures is really pushing the demand for custom-made catheters. Think about it – these catheters allow surgeons to make smaller incisions, which means patients recover faster and experience less pain. And because these minimally invasive techniques are so much more efficient and less traumatic for patients than traditional operations, they're becoming super popular. This, in turn, is driving the need for smarter catheter technology that can handle these treatments. The good news is that catheter tech keeps getting better and better! We're talking improved biocompatible materials, expanded functions, and even remote monitoring capabilities. These advancements boost how well catheters perform and how safe they are, but they also mean we can use them in more ways than ever before in modern medicine. Plus, with ongoing research and development, ambulatory care settings are gaining traction because they offer healthcare that's both efficient and cost-effective.

How the High Cost and Reimbursement Issues are Hampering the Growth of Catheter Market?

Advanced catheters are generally pricey, making them difficult for healthcare professionals to embrace. Obtaining proper compensation from insurance companies can be difficult, especially for novel technologies that are not yet generally recognized or understood by payers. This financial barrier may hinder the adoption of sophisticated catheter technology, particularly in healthcare settings where cost control is a major concern. To better manage their finances, hospitals, and clinics may choose less advanced but more economical options.

Catheters are categorized as medical devices and must meet stringent regulatory requirements before being released to the market. Obtaining licenses from regulatory agencies such as the FDA can be a time-consuming, complex, and expensive procedure. This regulatory scrutiny promotes patient safety but may impede the timely release of novel catheter products. The substantial documentation, testing, and compliance procedures can cause market entrance delays and hamper overall market growth, especially for small businesses with limited resources.

Catheter-associated infections (CAIs) are still a serious worry. These infections can lead to big trouble, longer hospital stays, and bigger bills. Even though folks are working on things like antimicrobial coatings and better infection control, there's still that nagging risk with using catheters. Understandably, both patients and their doctors are concerned about these risks, which might affect how much people want or accept catheters. Plus, the catheter market is seeing some competition from new, less invasive surgeries and other technologies. As these alternative methods improve and catch on, they could offer advantages over catheters. E.g., needle-based techniques and other non-catheter options might be just as good, possibly with fewer risks and faster recovery times.

This competition could mean fewer times we need to use catheters for certain procedures, shaking up their market dominance. Remember, getting a catheter in and out requires a skilled medical professional. But here's the thingnot every place has enough trained people. This shortage could actually slow down how quickly new, advanced catheter tech becomes widely used. The know-how needed for these treatments can be a real hurdle, especially where medical training is scarce. This lack of expertise might just put a lid on catheter market growth because there simply aren't enough qualified specialists to use these cutting-edge tools.

Category-Wise Acumens

How the Adaptability and Vital Significance of Diagnostic and Therapeutic is Surging the Growth of Hospital Segment in the Catheter Market?

Hospitals are really leading the way when it comes to using catheters, and we expect that trend to continue. You see, catheters are used for so many things – from heart procedures (cardiology) to urology, critical care, and even interventional radiology. They're just so versatile! And because they're crucial for both figuring out what's wrong (diagnostic) and fixing it (therapeutic), they're really essential tools these days. Plus, everyone's wanting minimally invasive operations now. Those require special catheters, but they're worth it because you get smaller cuts, bounce back quicker, and there's less of a chance of things going wrong. All those extra procedures happening, especially the tricky ones that need really precise catheter work, are really helping the market grow.

As we get older, we're unfortunately more likely to deal with long-term health problems that need special attention, sometimes even catheterization. This means there's a growing need for all sorts of different catheter types. Think about itHospitals, with their specialists, fancy equipment, and all sorts of resources, can handle complex procedures needing all kinds of catheters. They simply do more diverse and challenging procedures than places like long-term care facilities (LTCFs) or imaging centers. This also means hospitals need a wider variety of catheter types to support all their different medical specialties. Since hospitals are often the first stop for the toughest cases requiring the latest in catheter tech, they become essential hubs for catheter usage.

How the Increasing Cases of Cardiovascular Diseases and the Growing Geriatric Population is Driving the Growth of the Cardiovascular Catheter Segment in the Catheter Market?

The cardiovascular catheter segment is significantly dominating the catheter market. Cardiovascular catheters are specialist medical devices used to diagnose and treat heart and vascular diseases. Their vital role encompasses a wide range of operations aimed at enhancing cardiovascular health and treating heart disease. The rising Incidence of Cardiovascular diseases (CVDs) is the main cause of death worldwide, necessitating the widespread use of catheters for treatment and diagnostics. The aging population is more prone to CVDs, which raises the demand for catheter-based cardiovascular operations.

Technological advancements in minimally invasive heart surgery improve the safety, efficacy, and recovery times of cardiac surgeries, increasing demand for improved cardiovascular catheters. The expansion of outpatient surgery clinics suggests a possible change in catheter use away from typical hospital settings. These facilities provide specialized, typically minimally invasive, surgical treatments that necessitate modern catheter technologies. As outpatient facilities grow more common, they may absorb part of the catheter demand previously met by hospitals. This shift is consistent with broader trends in healthcare towards more efficient, cost-effective treatment environments.

CVDs are widely prevalent, necessitating the frequent use of cardiovascular catheters for diagnostic and therapeutic purposes. Continuous advances in catheter technology, such as the creation of combination catheters with functions for both cardiovascular and urological treatments, increase their versatility and use, boosting market expansion. The urgency and importance of cardiovascular treatments maintain a continual demand for these catheters.

Gain Access to Catheter Market Report Methodology

Country/Region-wise Acumens

Which Region is Expected to Dominate the Catheter Market?

North America is substantially dominating the catheter market and is anticipated to continue its dominance throughout the forecast period. North America, particularly the United States, has a strong healthcare infrastructure, distinguished by advanced medical facilities, cutting-edge technology, and highly skilled medical personnel. This robust basis allows for the rapid adoption of new and improved catheter technologies. Hospitals and clinics are prepared to integrate the most recent advances in catheter design and functionality, ensuring that patients receive the most effective and efficient care possible.

Chronic disorders such as cardiovascular disease, diabetes, and cancer are becoming increasingly common in the region. Catheters are frequently used to diagnose, treat, and manage several conditions. For example, cardiovascular catheters are required for treatments such as angioplasty and stent implantation, whereas urine catheters are required for diabetic patients with renal problems. The growing burden of chronic diseases.

This translates directly into increased demand for various types of catheters. The elderly population in North America is another important driver of the catheter industry. Elderly people are more prone to have chronic diseases and require catheter-based medical procedures. This demographic trend generates significant demand for catheters in both acute and long-term care settings. As the population ages, the demand for dependable and effective catheter-based therapies will only increase. The increasing preference for minimally invasive surgeries is a major market driver.

Think of minimally invasive procedures, often relying on specially-designed catheters, as offering a gentler touchsmaller cuts, quicker recovery, and fewer hiccups along the way. This is fueling the need for innovative catheter tech, particularly for areas like urology and gastroenterology. We're also seeing a big move towards doing more medical stuff outside the hospital – think outpatient clinics and ambulatory centers. Why? We're aiming for shorter hospital stays, lower healthcare bills, and happier patients. This means we need catheters built for these ambulatory environmentsuser-friendly, dependable, and just right for quick procedures that happen outside the usual hospital walls. Learn More about Ambulatory Surgery and catheter design.

How the Affluent Population and Thriving Medical Therapies are Fostering the Growth of the Asia Pacific Catheter Market During the Forecast Period?

The Asia Pacific region is home to a large and growing affluent population. As the region’s economy improves, so will the demand for modern healthcare services and medical devices, such as catheters. This demographic transition creates a thriving market for medical therapies that improve quality of life, especially in cities where healthcare facilities are quickly developing. Chronic diseases such as cardiovascular disease, diabetes, and kidney failure are becoming more common in the Asia-Pacific area, reflecting trends in North America.

Catheters are required for the diagnosis, treatment, and long-term care of certain disorders. For example, cardiovascular catheters are required for angioplasty and other heart-related treatments, whereas urine catheters are required to manage diabetes and kidney failure issues. The increasing burden of these chronic diseases creates a significant need for a variety of catheter types. Countries such as China and Japan have rapidly aging populations. Elderly people are more likely to have chronic illnesses and frequently require catheter-related medical operations.

As folks get older, especially in hospitals and care homes, they often need catheters, which is why they're such a big part of the market. In the Asia Pacific region, it's super important to make and sell catheters that are both right for the area and easy on the wallet. Making them locally can keep costs down and get these modern medical tools to more people. We've got to remember that not all countries in the region have the same amount of money or healthcare funding. That's why we need to really focus on research and development, creating catheters that can handle the diseases and healthcare situations that are unique to this part of the world. Thinking about the specific healthcare challenges in the Asia Pacific area and inventing solutions just for them can lead to better medical care that more people can use. This means designing catheters that are made for the illnesses that are common here, and that fit the way regional healthcare systems work.

Competitive Landscape

The catheter market is a dynamic space with established players vying for market share alongside innovative new entrants. As technology advances and healthcare needs evolve, the competitive landscape will continue to adapt and shape the future of catheter development and use.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the catheter market include

  • Medtronic
  • Edwards Lifesciences Corporation
  • Teleflex Incorporated
  • Abbott
  • Braun Melsungen AG
  • Becton Dickinson and Company
  • Boston Scientific Corporation
  • ConvaTec Group
  • Coloplast
  • Johnson & Johnson Services

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~8.52% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Type
  • End-User
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Medtronic, Edwards Lifesciences Corporation, Teleflex Incorporated, Abbott, Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, ConvaTec Group, Coloplast, Johnson & Johnson Services

Customization

Report customization along with purchase available upon request

Catheter Market, By Category

Type

  • Cardiovascular Catheters
  • Urology Catheters
  • Intravenous Catheters
  • Neurovascular Catheters
  • Specialty Catheters

End-User

  • Hospitals
  • Long-term Care Facilities
  • Diagnostic Imaging Centers

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

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