The global sheath introducer market size was significantly large in 2022, and is expected to continue to register a rapidly inclining revenue CAGR between 2023 and 2032. Key factors responsible for driving market revenue growth are increased processing power of artificial intelligence systems and availability of skilled medical professionals across the globe. Artificial intelligence systems are capable of improving the efficiency of clinical trial management and drug discovery.
Sheath introducers make it easier to implant equipment, such as guidewires and catheters into the body for endoluminal operations, especially angioplasty. These introducers have a tube-like form and can make it easier to apply patches & closure devices at the end of procedures to ensure hemostasis. Sheath introducers are sold in a variety of sizes to meet the needs of patients. Over the projected period, sales of both standard and guided sheath introducers are expected to fuel market growth. Besides, increasing peripheral inventions will also contribute to this growth. Sheath introducers provide passage during catheterization, just as a trocar or a catheter provides passage through a cannula. These introducers are mainly used during percutaneous procedures, such as stent placement, angioplasty, and angiography. These are removed once the procedure is complete and the puncture site is managed to control bleeding.
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Major Factors Driving Growth Of The Global Sheath Introducer Market:
Revenue growth of the global sheath introducer market is driven by increasing number of interventional procedures across the globe that require catheters and guidewires. Nurses usually prefer sheath introducers as these are tube-shaped and are easy to insert. Sheath introducers must be able to withstand kicks and should have an extended form that protects vessels from injury. In addition, to allow vision, sheath introducers must have a transparent structure. The entry point stretches as the size of the devices increases considerably through a smaller access site. After the treatment is complete, the stretched access site returns to its original size and the previously inserted device is removed in reverse order.
Hemostasis can be established faster with tiny access sites made by sheath introducers, as compared to bigger access sites. The entire procedure increases overall patient satisfaction, frees up hospital beds faster, and reduces total procedure time, as patients spend less time waiting for a vessel to close. Both radial and femoral access can be used with micro-sheath introducers. These factors are expected to boost growth in the near future.
Factors Restraining Growth Of The Global Sheath Introducer Market:
The global sheath introducer market growth is substantially hampered by several unfavorable factors. As sheath introducer helps in treating many diseases, launch of state-of-the-art products is very extensive as these require high initial investment. This factor would hinder market growth.
Opportunities for Players Operating in The Global Sheath Introducer Market:
Sheath introducers help in the insertion of fluids or tools. These contain a tube, which enable the insertion of other instruments into an artery or vein and a seal to maintain hemostasis or provide an access point. Rising usage of novel medical equipment across the globe is expected to drive the sheath introducer market opportunities in the near future. Sheath introducers help big, small, and medium-sized medical institutions to provide essential care to patients. Hence, companies are nowadays investing in these medical products amid the COVID-19 pandemic.
Global Sheath Introducer Market Revenue Led by Product Type Segment:
Based on product type, the straight sheath segment is anticipated to reach the highest revenue share over the forecast period. Increasing prevalence of various chronic illnesses among people across both developed and developing countries is expected to spur the demand for straight sheath introducers in the upcoming years.
Global sheath Introducer Market Leading End-use Segment:
Based on end-use, the hospitals segment is anticipated to dominate all other segments in terms of revenue generation over the forecast period. Rising usage and presence of catheters in hospitals is expected to boost this segment’s growth in the upcoming years.
North America Accounts for Largest Revenue Share in Global Sheath Introducer Market:
Among regional markets, North America emerged as the largest market for sheath introducer market in 2020, with the highest revenue share. Revenue growth in the North America market is mainly attributed to increasing awareness of health & fitness occurring because of changing lifestyles of customers. Also, liberalization of foreign direct investment, dietary diversification, rapid urbanization, and constant changes in consumer preferences would drive the sheath introducer market growth in North America in the near future.
Asia Pacific Continues to Lead in Terms of Revenue CAGR:
The Asia Pacific sheath introducer market is expected to register the fastest CAGR over the forecast period. Increasing government investments in the healthcare sector and rising R&D activities in developing countries including India, China, Malaysia, and Indonesia are major factors driving the Asia Pacific sheath introducer market growth. Sheath introducers are capable of performing critical vertical and biopsy procedures. Hence, demand for these introducers is surging at a fast pace in Asia Pacific.
Major Companies Profiled In The Report:
- Boston Scientific
- Abbott Laboratories
- Cardinal Health
- Merit Medical Systems
- Cook Medical
- Asahi Intecc
- Cardiovascular Systems Inc.
- Galt Medical
- R. Bard
- ACIST Medical Systems
Strategies and Objectives of Major Companies:
- In August 2021, Cook Medical stated that it is currently hiring over 100 manufacturing employees and five professional positions at its facility in Canton, Illinois. These expanded manufacturing capabilities will help Cook meet patient and customer needs for medical devices.
What Our Report Provides and Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation in Our Report:
For the purpose of this report, the global sheath introducer market is segmented on the basis of product type, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2023-2032)
- Straight Sheaths
- Curved Sheaths
End-use Outlook (Revenue, USD Billion; 2023-2032)
- Ambulatory Surgical Centers
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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