The global catheters market size is expected to reach USD 30.09 Billion in 2030 and register a revenue CAGR of 8.3% during the forecast period. Increasing geriatric population, rising prevalence of various chronic diseases such as urinary incontinence and cardiovascular, increasing demand for antimicrobial-coated dialysis catheters, growing preference for minimally invasive procedures, and use of advanced materials for manufacturing catheters are some of the key factors expected to drive market revenue growth.
Catheters market revenue growth is expected to be driven by increasing research & development of several types of catheters to meet specific requirements. Growing geriatric population and rising prevalence of urinary incontinence, prostate cancer, and urinary tract infections are driving demand for catheters. Catheters play a pivotal role in draining urinary bladder in patients suffering from the aforementioned health conditions. Catheter insertion is a complicated task and requires healthcare professionals for the same, as incorrect insertion can lead to several complications.
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Major players are focusing on key parameters such as biocompatibility, antifouling, and anti-microbial properties during manufacturing catheters to promote adoption among surgeons and patients. Latex is less biocompatible than silicone and is considered to have certain side effects. Normally, plastics such as Polyvinyl Chloride (PVC) with several coatings are used in order to lower risks of infections in the human body. Catheters are designed in such a way that it causes less cell death and enables minimally invasive procedures, which help reduce post-operation pain while ensuring quick healing.
Drivers: Rising prevalence of cardiovascular diseases globally
Cardiovascular diseases are one of the leading cause of death globally, estimated to affect 17.9 million lives each year, as per WHO (World Health Organization). These diseases include coronary heart disease, cerebrovascular disease, rheumatic heart disease, and other conditions. Patients are required to undergo angioplasty and various other procedures that involve the use of catheters for treatment of such diseases. Additionally, in heart surgeries, minimally invasive procedures are being preferred, which in turn, is expected to fuel demand for catheters.
Restraints: Complications and side effects of using catheters
Some catheters can cause urinary tract infections due to low quality. Side effects caused by such catheters include fever, chills, headache, cloudy urine due to pus, burning of the urethra or genital area, leaking of urine out of the catheter, blood in urine, foul-smelling urine, and lower back pain. Such side effects associated with catheter use could restrain market revenue growth to some extent.
COVID-19 outbreak adversely affected market revenue growth in 2020, owing to strong emphasis on diagnosis and treatment of COVID-19 patients as priority across various healthcare facilities globally. Large number of healthcare staff and workers were engaged in treating COVID-19 patients. However, healthcare facilities are now equally focusing on treatment of other diseases and conditions including cardiovascular and neurological diseases, with reserved beds for COVID-19 to handle any uncertain rise in COVID-19 cases. This is expected to drive demand for catheters, and boost market revenue growth.
On the basis of type, the global catheters market is segmented into balloon, intravenous, peripheral, implantable, temperature monitoring, intermittent, and others. The balloon segment accounted for largest revenue share in 2020, owing to increasing use of this product type in patients suffering from cardiovascular. It is used for angioplasty, tuboplasty, and pyeloplasty. A balloon catheter is a type of soft catheter with an inflatable balloon at its top, which is used to enlarge a narrow passage within the body. Use of this catheter has grown extensively, especially in treating issues associated with blockage of veins due to obesity or deposition of fats on the inner walls of blood vessels.
On the basis of end-use, the global catheters market is segmented into hospitals, long term care facilities, diagnostic imaging centers, and others. The hospitals segment accounted for largest revenue share in 2020, due to high number of patient footfall in hospitals than in other healthcare facilities. Catheters are used to drain out fluid from the body post-operation, and for diagnosis, which are being used for diagnostic and imaging-related issues. In addition, increasing government spending on building hospitals in underdeveloped countries is expected to drive demand for catheters in hospitals, and in turn, drive revenue growth of this segment.
On the basis of lumen, the global catheters market is segmented into single, double, triple, and others. The triple lumen segment accounted for largest revenue share in 2020, owing to increasing use of triple lumen catheters for several purposes, such as for measuring CVP, plasmapheresis, rapid infusion of fluids, and in hemodialysis, among other uses. The triple lumen central venous catheter is easily disposable, sterile, and non-pyrogenic. Rise in chronic kidney diseases, and increasing requirement of triple lumen catheters for patients undergoing dialysis are factors driving revenue growth of this segment.
On the basis of shape, the global catheters market is segmented into pigtail, Judkins left, Judkins right, bypass, amplatz, and others. The pigtail segment accounted for largest revenue share in 2020. This catheter is popular as a safe method for draining pleural fluid from the chest. It is used in treatment of pneumothorax and in emergency department to drain out fluid from the chest. This catheter is known for its flexibility and small size. It is also found to be less traumatic and can be easily inserted for diagnosing or treating blockages in blood vessels. In comparison to catheters of other shapes, this catheter has the lowest complication rate. These factors are expected to drive revenue growth of the segment in the coming years.
On the basis of application type, the global catheters market is segmented into cardiology, urology, neurology, and others. The cardiology segment accounted for largest revenue share in 2020. This is owing to rising prevalence of cardiovascular diseases globally, coupled with increasing use of catheters in cardiology procedures such as in angioplasty, stent placement, fractional flow reserve, intravascular ultrasound, and biopsy.
Based on regional analysis, the catheters market in Asia Pacific is expected to register significantly high revenue growth rate over the forecast period due to presence of large patient pool, rising disposable income, increasing geriatric population, and growing medical tourism sector in countries such as Singapore, Thailand, South Korea, India, and Malaysia.
The catheters market in North America accounted for largest revenue share in 2020 due to presence of large number of healthcare companies, and increasing expenditure on healthcare infrastructure by governments in countries in the region. In addition, increasing preference for minimally invasive procedures is also supporting revenue growth of the catheters market in North America.
Major Companies and Competitive Landscape
Companies profiled in this report are Edward Lifesciences Corporation, Boston Scientific Corporation, Teleflex Incorporated, Abbott Laboratories, Johnson & Johnson Services, Medtronic Inc, B.Braun Melsungen AG, Becton, Dickinson and Company, ConvaTec Group, Stryker Corporation, Smiths Medical Inc., Cardinal Health Inc., Terumo Corporation, and Merit Medical Systems.
Major Market Developments
Initiatives taken by market players are driving growth of the global catheters market. Some such major market developments and initiatives are –
- In December 2021, Becton, Dickinson and Company acquired Venclose Inc. to extend treatment innovation in chronic venous diseases. Venclose is known for designing catheters of different designs, such as providing two heating length sizes (2.5 cm and 10 cm) in one 6 FR size. This will provide multi-operational benefits to physicians by enabling them to efficiently ablate more veins during each heating cycle and help to lower the total number of ablations required for in-vein treatment.
- In December 2021, Fraunhofer Institute of Production Systems and Design Technology IPK announced their collaboration on developing a drug-coated balloon catheter to fight against myocardial infarction. German Federal Ministry of Education and Research is funding this project as data shows that nearly 6 million people suffer from coronary heart disease in Germany.
Segments Covered in the Report
This report offers historical data and forecasts revenue growth at a global, regional, and country level, and provides an analysis of market trends in each sub-segment from 2022 to 2030. For this study,has segmented the global catheters market based on type, lumen type, shape, application, end-use, and region:
Catheters Market Report Scope
Segments covered By Type Outlook, Lumen Type Outlook, Shape Outlook, Application Outlook,Regional Outlook
By Type Outlook
By Lumen Type Outlook
By Technology Outlook
By Shape Outlook
By Application Outlook
By End-Use Outlook
Long Term Care facilities
Diagnostic Imaging Centers
Middle East & Africa
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