Number of pages: 120 | Report Format: PDF | Published date: 10 June, 2020
Historical Years – 2018 & 2019 | Base Year – 2020 | Forecasted Years – 2021-2031
The global catheters market was pegged at US$ 15.5 billion in 2020 and is expected to witness a CAGR of 8.5% during the forecast period.
Market Fundamentals
The catheter is a thick flexible tube that is inserted into the body to introduce fluids or to take them out of the body. Catheters are also used while performing a surgical procedure. The process of inserting the catheter into the body is known as catheterization. Catheters are made using different polymers including silicone rubber, nylon, polyethylene terephthalate (PET), latex, polyurethane, and thermoplastic elastomers.
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Market Dynamics
The global catheter market is mainly driven by the growing prevalence of various chronic and acute diseases, rising number of surgical procedures, growing geriatric population, increasing preference for minimally invasive surgeries, and new product launches. However, the risk of infections associated with catheter insertion and product recalls are likely to hinder the market growth to a certain extent.
Market Ecosystem
The global catheter market has been analyzed from three perspectives: Product Type, End-User, and Region.
Catheters Market by Product Type
Based on the product type, the catheters market has been segmented into intravenous catheters, cardiovascular catheters, urological catheters, neurovascular catheters, and specialty catheters. Intravenous catheters are further sub-segmented into central venous catheters, peripheral catheters, and midline peripheral catheters. Cardiovascular catheters are further bifurcated into angiography catheters, electrophysiology catheters, balloon catheters, guiding catheters, and IVUS/OCT catheters. Urological catheters are further categorized into dialysis catheters and urinary catheters. Specialty catheters are further divided into temperature monitoring catheters, pressure & hemodynamic monitoring catheters, intrauterine insemination catheters, and other specialty catheters. The cardiovascular catheters segment dominated the global catheters market in 2020. The rising incidence of cardiovascular diseases and increasing number of cardiovascular surgeries is driving the demand for cardiovascular catheters.
Catheters Market by End User
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Based on end-user, the catheter market has been segmented into hospitals, diagnostic centers, long-term care facilities, and other end users. The hospital's segment held the largest market share in 2020. Factors contributing to the growth of this segment include the increasing number of hospital admissions for various types of surgical procedures.
Catheters Market by Region
Regionally, the global catheter market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest market share in the global catheters market. Factors such as the large pool of geriatric population, presence of quality healthcare infrastructure and prominent market players, an increasing number of surgical procedures, and better reimbursement policies are driving the demand for catheters in the North American market.
Competitive Landscape
Some of the prominent players operating in the global catheters market includes:-
Strategic Developments
Report Attribute |
Details |
Revenue forecast in 2031 |
US$ 41.25 billion |
Market size value in 2020 |
US$ 15.5 billion |
Growth Rate |
CAGR of 8.5% from 2021 to 2031 |
Base year for estimation |
2020 |
Forecast period |
2021-2031 |
Segments covered |
Type, End User |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global catheters Market was anticipated to clock US$ 15.5 billion in 2020
The catheters market is projected to reach US$ 41.25 billion by 2031
The global catheter market is mainly driven by the growing prevalence of various chronic and acute diseases, rising number of surgical procedures, growing geriatric population, increasing preference for minimally invasive surgeries, and new product launches.
Becton Dickinson, Boston Scientific Corporation, Medtronic, B. Braun Melsungen AG, Abbott, Cook Medical, Teleflex Incorporated, Johnson & Johnson Services, Inc, Terumo Medical Corporation, Hollister Incorporated
The growth rate of catheters market is CAGR of 8.5% between 2021-2031
North America held the largest share of the global catheters market in 2020
*Insights on financial performance is subject to availability of information in the public domain
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