Global Catheter Market- Market Overview:

The global catheter market is expected to grow from USD 49 billion in 2022 to USD 83.5 billion by 2030, at a CAGR of 6.9% during the Projection period 2023-2030. The catheter market mainly drives the growth of healthcare sector.

Medical devices called catheters can be introduced into the body to treat diseases or carry out surgery. It is possible to customise catheters for cardiovascular, urological, gastrointestinal, neurovascular, and ophthalmic uses by altering the way catheters are made. Catheters can be left in place for several weeks because they are made from a variety of materials. Catheters are made from a number of different polymers, such as silicone rubber, nylon, polyurethane, polyethene terephthalate (PET), latex, and thermoplastic elastomers. Because it is inert and unresponsive to human fluids as well as a variety of medicinal fluids with which it may come into contact, silicone is one of the most common materials for implantation devices. When regular bladder drainage is required, indwelling catheters are typically needed for several weeks or months on end, however they are rarely needed for extended periods of time. Since the beginning of time, bladder catheterization has been used to drain urine when the bladder cannot empty on its own. With many different medical procedures that make use of catheters, including angioplasty, cardiac electrophysiology, and neurosurgery, catheterization is an essential co-procedure. Heart catheters, neurovascular catheters, urine catheters, intravenous catheters, and specialty catheters are just a few of the several types of catheters available on the market. Cardiovascular catheters are the most widely used of the aforementioned catheters.

Sample Request:- Global Catheter Market

Market Dynamics:

Drivers:                          

• Growing Demand for Antimircobiral Catheters

Patients who electively undergo surgery while under general anaesthesia must undergo catheterization. Frequent use of catheters can result in infections of the urinary tract caused by catheters, also known as catheter-associated urinary tract infections (CAUTIs), and infections of the bloodstream caused by central lines, also known as CLABSIs (CLABSIs). Patients with chronic illnesses frequently have weakened immune systems, and the frequent insertion of catheters into their blood arteries raises their chance of developing an infection. In order to reduce the risk of thrombosis and infections linked to catheter use, more companies are focusing their efforts on producing antimicrobial catheters. To address the growing issues associated with utilising catheters, market companies are adding new functionalities to catheters. As a result, the need for antimicrobial catheters is increasing.

Restraints:                                             

• Risks Associated with Catheters

Vein thrombosis, which can cause pulmonary embolism and, in severe situations, be lethal, is associated with catheters. Infection risk is also increased by catheters. Due to frequent catheter use, patients who have had catheter insertions are more likely to experience problems from catheter-related bloodstream infections (CABSI). Additionally, there may be a rise in catheter-related bloodstream infections as a result of this risk. As a result of the frequent use of catheters, it has been discovered that patients who have had catheter insertions have an elevated incidence of catheter-related bloodstream infection and associated complications and hazards.

Opportunities:

• Use of Advanced Materials

Companies that manufacture catheters use state-of-the-art materials like polyurethanes and polycarbonates. In order to extend the life of catheters, sorbothane, a material resistant to chemicals including alcohol, hydrogen peroxide, and iodine, is utilised in the production process. Additionally, Durathane catheters give the user resistance and strength. For instance, the DuraFlow 2 chronic hemodialysis catheter from Angio Dynamics is made of a substance called Durathane, which combines the advantages of silicone and polyurethane by having qualities that are similar to both. This catheter's substance offers strength and resistance to a number of frequently used site care chemicals.

Challenges:

• Infections

This expansion is likely to be hampered by domestic price rivalry and inadequate quality assurance. The danger of infections associated with the use of catheters has also emerged as a significant growth inhibitor for the catheter market. Repeated catheter use can result in bloodstream infections from central lines and urinary tract infections from catheters. Patients with chronic illnesses typically have weakened immune systems and require frequent hospitalisations in medical facilities. Due to the frequent usage of the catheter to access the blood vessels, the patients are at extremely high risk of infection. Additionally, it is projected that during the Projection period, trade obstacles, unfavourable taxation policies, and product failures and recalls would all limit this market's growth.

Segmentation Analysis:

The global catheter market has been segmented based on product, end-user, and region.

By Product

The product segment is urology catheters, neurovascular catheters, intravenous catheters, cardiovascular catheters, and other. The cardiovascular catheters segment led the largest share of the catheter market with a market share of around 45.8% in 2022. Cardiovascular catheters are commonly used during cardiac catheterization. With the aid of these catheters, patients with heart diseases and myocardial infarctions can gain from the coronary catheterization operation. It is expected that over the upcoming period, the market for cardiovascular catheters will increase as a result of the rising prevalence of cardiovascular illnesses, the rising need for interventional cardiac treatments, and the rising use of cardiac catheters. There has been an increase in demand for these catheters as a result of the increased prevalence of cardiac disorders such coronary artery disease, congenital heart issues, and cardiac arrhythmia.

By End-User

The end-user segment is long term care facilities​, hospitals, and other. The hospitals  segment led the largest share of the catheter market with a market share of around 42.9% in 2022. This can be linked to an increase in surgical operations requiring catheter infusion of IV solutions and fluids as well as an increase in hospital admission rates globally. In-patient drugs are stored and given out by a hospital pharmacy. Hospital pharmacies frequently carry a wide range of drugs, including more specialised and experimental ones, which helps the market segment flourish. The market for hospital supplies is growing as a result of the increased incidence and prevalence of urologic, cardiovascular, and neurological conditions as well as the growing use of minimally invasive treatments.

Global Catheter Market - Sales Analysis.

The sale of the catheter market expanded at a CAGR of 5.2% from 2016 to 2022.

All of these tasks can likewise be carried out concurrently by catheters. Examples of the numerous kinds of catheters that are available include chest drainage tubes, urine catheters, and intravenous catheters. Catheters can be used to remove pus and liquid that has built up in cavities. They could be used, for instance, to aspirate pus from an abdominal abscess. Catheters are commonly used to deliver fluids and drugs intravenously. Catheters can be divided into a wide variety of types, including those made expressly for urological, cardiovascular, neurovascular, and other specialised uses. Catheters are normally only used temporarily, such as for a few weeks or months, when it is necessary to drain the bladder continuously.

However, occasionally they are needed for longer periods of time. The market's growth has mostly been fueled by the high prevalence of chronic illnesses that necessitate hospitalisation. Additionally, it is predicted that the market would grow during the Projection period as a result of rising midscale catheter manufacturers' desire to enhance their market share and rising government support for R&D initiatives. These two elements will probably support the expansion of the catheter market globally.

Thus, owing to the aforementioned factors, the global catheter market is expected to grow at a CAGR of 6.9% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the catheter market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the catheter market and held a 38% share of the market revenue in 2022.

• The North America region witnessed a major share. Due to strong government funding for medical equipment and a rise in surgical procedures, the US is anticipated to dominate the market. Other factors influencing the market expansion are the rise in urological and cardiovascular problems, as well as the demand for minimally invasive procedures due to their shorter recovery times and lower risk of complications. The American Cancer Society predicts that there will be around 81,180 new cases of bladder cancer in Americans in 2022. The market expansion in this area will be fueled by the increased use of catheters during the treatment of bladder cancer as a result of this. The market in this area is additionally anticipated to be driven by increasing endeavours from the leading industry players for the launch of novel items.
• Asia Pacific is anticipated to experience significant growth during the Projection period. Due to a number of causes, including rising healthcare costs and disposable income, as well as the existence of significant unexplored prospects in developing nations like China and India. Additionally, a sizable patient base with kidney and cardiovascular issues as well as bettering medical infrastructure contribute to the region's significant market growth. Favorable government regulations, new product introductions, industry approvals, and innovations are anticipated to further accelerate market expansion.

Global Catheter Market - Country Analysis:

• Germany

Germany's catheter market size was valued at USD 3.6 billion in 2022 and is expected to reach USD 6.18 billion by 2030, at a CAGR of 7% from 2023 to 2030.

The robust healthcare system in Germany has changed from in-patient to out-patient care as a result of a surge in catheter-offering medical equipment companies. Market growth is anticipated to be heavily impacted by the growing geriatric population's demand for better healthcare facilities and rising patient interest in less invasive procedures. It is projected that the fast growing older population in this region would have chronic illnesses like incontinence, peripheral vascular disease, and heart problems, as well as a high dependency on publicly supported healthcare services among the populace of Germany.

• China

China’s catheter market size was valued at USD 3.8 billion in 2022 and is expected to reach USD 6.6 billion by 2030, at a CAGR of 7.3% from 2023 to 2030.

Due to a number of causes, including rising healthcare costs, increased disposable income, and the existence of substantial unexplored markets in developing economies like China.

• India

India's catheter market size was valued at USD 2.9 billion in 2022 and is expected to reach USD 5.05 billion by 2030, at a CAGR of 7.2% from 2023 to 2030.

Over the course of the Projection period, rising chronic condition prevalence is anticipated to drive market growth for catheters in India. For instance, a study published in July 2018 in the Journal of the American College of Cardiology indicated a prevalence of 54.6 million for cardiovascular disease in India. The expansion of the Indian catheters market is anticipated to be boosted by the development of solutions that lower the risk of catheter-related infections. For instance, a privately held medical device business called Interrad Medical published a new clinical data publication in June 2020 that showed a markedly decreased incidence of catheter-related infection with use of the SecurAcath Subcutaneous Catheter Securement Device.

Key Industry Players Analysis:

To increase their market position in the global catheter market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.       

• Hollister Incorporated
• Medtronic
• Boston Scientific Corporation
• Edward Lifesciences
• Smith Medical Inc.
• Teleflex Incorporated
• ConvaTec Group Plc
• Cure Medical LLC

Latest Development:

• In 2022: Medtronic stated that the sale and reimbursement of the Micra AV Transcatheter Pacing System had received permission from Japan's Ministry of Health, Labor, and Welfare.
• In 2022: Triad Life Sciences Inc. was acquired by Convatec Corporation.
• In 2022, FDA approval for Boston Scientific Corporation's Embold Fibered Detachable Coil was granted.
• In 2022, the FDA gave Medtronic the go-ahead to market its Onyx Frontier drug-eluting stent.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	6.9%
Market Size	49 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Product, By End-User, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Hollister Incorporated, Medtronic, Boston Scientific Corporation, Edward Lifesciences, Smith Medical Inc., Teleflex Incorporated, ConvaTec Group Plc, and Cure Medical LLC.
By Product	Urology Catheters Neurovascular Catheters Intravenous Catheters Cardiovascular Catheters Others
By End-User	Long Term Care Facilities Hospitals Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Catheter Market  By Product:

• Urology Catheters
• Neurovascular Catheters
• Intravenous Catheters
• Cardiovascular Catheters
• Others

Global Catheter Market By End-User:

• Long Term Care Facilities​
• Hospitals
• Others

Global Catheter Market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- Both bureaucracy and corruption have a negative impact on the business environment. In countries with high levels of corruption and lax law enforcement, the operations of the market for catheters are becoming more uncertain due to the weakened public confidence in commercial organisations and the overall political and economic environment. Several corporate procedures, including contracting, fraud agreements, licencing, and numerous lawsuits, can be affected by corruption. If the market for catheter decides to enter markets with corrupt economic and political systems, the organization's sustainable development will be in jeopardy because it will weaken society, the justice system, and the rule of law.

Economic Factors- A country's economic development has a direct impact on organisational performance. The market for catheters has many opportunities to grow as a result of developing economies. In a similar vein, understanding the stage of the industrial lifecycle is crucial. Entry into mature industries may be more challenging than entry into enterprises in the growth stage due to market saturation. Additionally, the financial viability of the market for catheters is influenced by how much money the government of the host nation spends on the construction of essential infrastructure. A developed infrastructure makes it easier to conduct business, which also increases the possibility for the gold sector in that country to thrive.

Social Factors- Demographic shifts including population ageing, migration patterns, and socioeconomic issues are of vital importance for global marketplaces like the market for catheters. The catheter market might choose the market segment or calls with the best development potential by analysing the demographic characteristics. Additionally, migration affects the company and marketing strategy. Knowing how people feel about migration as a whole is essential for the market for catheters since it may affect companies' capacity to hire foreign management in the host country.

Technological Factors- The market for catheters must carefully analyse recent technological advancements if it is to stay ahead of the competition. It's important to keep an eye on the 5G's potential to boost productivity by enhancing user experience, speed, and access. These technical developments have the potential to radically change an industry and rewrite the rules for market actors' success. The technology's level of development and maturity in the pertinent industry must also be taken into account. By focusing on cutting-edge technological developments and entering markets where technological development has not yet reached its full potential, the market for catheters can increase its market share.

Environmental Factors- Due to the confluence of growing environmental deterioration and technological innovation, businesses have been obliged to employ cutting-edge recycling and waste management techniques. In many countries, recycling has almost become a corporate standard. Additionally, the market for catheters must implement efficient waste management practises in organisational divisions located in or close to urban areas. Many countries have put in place strict measures to protect their urban areas by managing their rubbish effectively. To promote the use of renewable energy sources, some countries offer financial assistance. catheter market can make money off of it and invest in renewable technology to ensure long-term sustainability. This investment will also lead to greater stakeholder satisfaction and a larger customer base because of improved brand perception.

Legal Factors- The market for catheters must follow the laws controlling employee/labor health and safety because certain countries have strict regulations to ensure worker safety. The market for catheters has an ethical and moral obligation to provide a secure working environment for its employees. Similar to the above, when developing human resource practises, anti-discrimination laws (such as equal employment opportunity laws) must also be carefully taken into account because discriminatory lawsuits against employers harm an organisation's reputation and impair its ability to recruit and retain talent.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Product
     • 3.2. Market Attractiveness Analysis By End-User
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Growing Demand for Antimircobiral Catheters
   • 3. Restraints
     • 3.1. Risks Associated with Catheters
   • 4. Opportunities
     • 4.1. Use of Advanced Materials
   • 5. Challenges
     • 5.1. Infections

6. Global Catheter Market Analysis and Projection, By Product
   • 1. Segment Overview
   • 2. Urology Catheters
   • 3. Neurovascular Catheters
   • 4. Intravenous Catheters
   • 5. Cardiovascular Catheters
   • 6. Others
7. Global Catheter Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Long Term Care Facilities
   • 3. Hospitals
   • 4. Others
8. Global Catheter Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Catheter Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Catheter Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Hollister Incorporated
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Medtronic
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Boston Scientific Corporation
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Edward Lifesciences
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Smith Medical Inc.
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Teleflex Incorporated
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • ConvaTec Group Plc
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Cure Medical LLC
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis

List of Table

1. Global Catheter Market, By Product, 2023–2030 (USD Billion)
2. Global Urology Catheters, Catheter Market, By Region, 2023–2030 (USD Billion)
3. Global Neurovascular Catheters, Catheter Market, By Region, 2023–2030 (USD Billion)
4. Global Intravenous Catheters, Catheter Market, By Region, 2023–2030 (USD Billion)
5. Global Cardiovascular Catheters, Catheter Market, By Region, 2023–2030 (USD Billion)
6. Global Others, Catheter Market, By Region, 2023–2030 (USD Billion)
7. Global Catheter Market, By End-User, 2023–2030 (USD Billion)
8. Global Long Term Care Facilities, Catheter Market, By Region, 2023–2030 (USD Billion)
9. Global Hospitals, Catheter Market, By Region, 2023–2030 (USD Billion)
10. Global Others, Catheter Market, By Region, 2023–2030 (USD Billion)
11. Global Catheter Market, By Region, 2023–2030 (USD Billion)
12. North America Catheter Market, By Product, 2023–2030 (USD Billion)
13. North America Catheter Market, By End-User, 2023–2030 (USD Billion)
14. USA Catheter Market, By Product, 2023–2030 (USD Billion)
15. USA Catheter Market, By End-User, 2023–2030 (USD Billion)
16. Canada Catheter Market, By Product, 2023–2030 (USD Billion)
17. Canada Catheter Market, By End-User, 2023–2030 (USD Billion)
18. Mexico Catheter Market, By Product, 2023–2030 (USD Billion)
19. Mexico Catheter Market, By End-User, 2023–2030 (USD Billion)
20. Europe Catheter Market, By Product, 2023–2030 (USD Billion)
21. Europe Catheter Market, By End-User, 2023–2030 (USD Billion)
22. Germany Catheter Market, By Product, 2023–2030 (USD Billion)
23. Germany Catheter Market, By End-User, 2023–2030 (USD Billion)
24. France Catheter Market, By Product, 2023–2030 (USD Billion)
25. France Catheter Market, By End-User, 2023–2030 (USD Billion)
26. UK Catheter Market, By Product, 2023–2030 (USD Billion)
27. UK Catheter Market, By End-User, 2023–2030 (USD Billion)
28. Italy Catheter Market, By Product, 2023–2030 (USD Billion)
29. Italy Catheter Market, By End-User, 2023–2030 (USD Billion)
30. Spain Catheter Market, By Product, 2023–2030 (USD Billion)
31. Spain Catheter Market, By End-User, 2023–2030 (USD Billion)
32. Asia Pacific Catheter Market, By Product, 2023–2030 (USD Billion)
33. Asia Pacific Catheter Market, By End-User, 2023–2030 (USD Billion)
34. Japan Catheter Market, By Product, 2023–2030 (USD Billion)
35. Japan Catheter Market, By End-User, 2023–2030 (USD Billion)
36. China Catheter Market, By Product, 2023–2030 (USD Billion)
37. China Catheter Market, By End-User, 2023–2030 (USD Billion)
38. India Catheter Market, By Product, 2023–2030 (USD Billion)
39. India Catheter Market, By End-User, 2023–2030 (USD Billion)
40. South America Catheter Market, By Product, 2023–2030 (USD Billion)
41. South America Catheter Market, By End-User, 2023–2030 (USD Billion)
42. Brazil Catheter Market, By Product, 2023–2030 (USD Billion)
43. Brazil Catheter Market, By End-User, 2023–2030 (USD Billion)
44. Middle East and Africa Catheter Market, By Product, 2023–2030 (USD Billion)
45. Middle East and Africa Catheter Market, By End-User, 2023–2030 (USD Billion)
46. UAE Catheter Market, By Product, 2023–2030 (USD Billion)
47. UAE Catheter Market, By End-User, 2023–2030 (USD Billion)
48. South Africa Catheter Market, By Product, 2023–2030 (USD Billion)
49. South Africa Catheter Market, By End-User, 2023–2030 (USD Billion)

List of Figures 

1. Global Catheter Market Segmentation
2. Catheter Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Catheter Market Attractiveness Analysis By Product
9. Global Catheter Market Attractiveness Analysis By End-User
10. Global Catheter Market Attractiveness Analysis By Region
11. Global Catheter Market: Dynamics
12. Global Catheter Market Share By Product (2023 & 2030)
13. Global Catheter Market Share By End-User (2023 & 2030)
14. Global Catheter Market Share by Regions (2023 & 2030)
15. Global Catheter Market Share by Company (2021)