Number of pages: 100 | Report Format: PDF | Published date: April 17, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
According to the deep-dive market assessment study by Growth Plus Reports, the global hemodialysis catheters market was valued at US$ 679.02 million in 2022 and is expected to register a revenue CAGR of 4.19% to reach US$ 979.92 million by 2031.
Hemodialysis Catheters Market Fundamentals
A hemodialysis catheter is a medical device inserted into a patient's vein to enable hemodialysis treatment. Hemodialysis is a medical treatment used to remove waste products and excess fluid from the blood of patients with kidney failure. Hemodialysis catheters are usually inserted into large veins, such as the jugular, subclavian, or femoral. They are designed to allow blood to flow from the patient's body to the hemodialysis machine, which is filtered and then returned to the patient's body. There are two main types of hemodialysis catheters such as tunneled and non-tunneled. Non-tunneled catheters are inserted directly into the vein and are generally used for short-term hemodialysis treatment. Tunneled catheters are inserted under the skin and are intended for long-term use. Hemodialysis catheters can be associated with several complications, including infection, bleeding, and clotting. To minimize these risks, it is important to maintain good hygiene and follow proper procedures when inserting and using the catheter.
Hemodialysis Catheters Market Dynamics
The growing prevalence of chronic kidney disease (CKD) and End stage renal disease (ESRD) has led to a rise in demand for hemodialysis procedures, thereby driving the hemodialysis catheters market. Technological advancements in hemodialysis catheter design, such as the development of tunneled catheters and antimicrobial-coated catheters, have increased the safety and efficacy of the procedure, further driving the market revenue growth. With an increasing trend towards home-based dialysis, there is a need for catheters that are easy to use, safe, and reliable. This has led to an increase in demand for hemodialysis catheters that are suitable for home-based dialysis procedures. The rising healthcare expenditure, particularly in developing countries, has increased the availability of hemodialysis catheters, thereby driving market revenue growth. The shortage of kidney donors has increased reliance on hemodialysis as a treatment option, thereby driving market revenue growth. The aging population is more prone to kidney diseases, which has led to an increased demand for hemodialysis procedures, further driving market revenue growth.
Moreover, rising incidences of renal replacement treatment and a scarcity of kidney donors will likely increase industry demand. However, the procedure's complications are projected to provide roadblocks to commercial expansion. However, a lack of awareness and reimbursements for kidney-related illnesses, particularly in developing countries, may impede market revenue growth. However, rising technical improvements in hemodialysis catheters and new product releases by major competitors, along with awareness campaigns, may generate multiple potential prospects for the market between 2023 and 2031.
Hemodialysis Catheters Market Ecosystem
The global hemodialysis catheter market has been analyzed from five perspectives: product, tip configuration, material, end user, and region.
Hemodialysis Catheters Market by Product
Based on the products, the global hemodialysis catheters market is segmented into tunneled catheters and non-tunneled catheters.
The tunneled catheter segment dominates the global hemodialysis catheters market for several reasons. Tunneled catheters offer greater durability and reduced risk of infection compared to non-tunneled catheters. Tunneled catheters are placed subcutaneously and exit the skin at a separate site, reducing the risk of infection by reducing the exposure of the catheter to the skin surface. These products provide long-term access, making them a preferred choice for patients who require frequent hemodialysis. These catheters have a longer lifespan and are less likely to malfunction or become blocked, making them a more reliable option for patients. They also have a larger lumen size, allowing for higher blood flow rates during hemodialysis treatment. This leads to improved treatment efficiency and better patient outcomes. Therefore, due to the proven clinical advantages against non-tunneled catheters, the tunneled hemodialysis catheter segment is expected to continue dominating the global hemodialysis catheter market.
Hemodialysis Catheters Market by Tip Configuration
The global hemodialysis catheters market is segmented into step-tip catheters, split tip catheters, and symmetric catheters based on the tip configuration.
The step-tip catheters segment accounts for the largest revenue share in the global market. Step-tip catheters have a curved, J-shaped tip with multiple side holes, allowing optimal blood flow and reducing the risk of clotting. This design enables easier insertion and reduces patient discomfort during the procedure. Additionally, step-tip catheters are often coated with materials that reduce bacterial adhesion and biofilm formation, which can lower the risk of infection. Step-tip catheters are available in a wide range of sizes and lengths, making them suitable for various patient needs. They are also compatible with various dialysis machines and can be used for both short-term and long-term dialysis.
The revenue growth of symmetrical hemodialysis catheters is high. Firstly, symmetric catheters are designed to provide optimal blood flow rates during hemodialysis, efficiently removing waste products and excess fluids from the patient's body. Healthcare providers highly value this feature as it improves patient outcomes and reduces treatment times. Secondly, symmetric catheters are typically easier to insert and maintain than other types of hemodialysis catheters, such as tunneled or temporary catheters. This ease of use translates to lower costs and reduced treatment times, which is highly beneficial for patients and healthcare providers. Thirdly, symmetric catheters are often preferred over other types due to their lower risk of complications, such as infection or catheter malfunction. This reduces the need for additional medical interventions and can result in significant cost savings for healthcare providers. Finally, the increasing prevalence of chronic kidney disease (CKD) and the growing demand for hemodialysis treatments worldwide are also driving the demand for symmetric catheters. As the number of patients requiring hemodialysis continues to rise, the demand for safe, efficient, and reliable catheters is expected to increase, further boosting the revenue share of the symmetric catheters segment in the global hemodialysis catheters market.
Hemodialysis Catheters Market by Material
Based on the material, the global hemodialysis catheters market is segmented into polyurethane, silicone, and others.
The polyurethane segment dominates the global hemodialysis catheter market with the largest revenue share. Polyurethane catheters are known for their flexibility, which makes them more comfortable for patients during dialysis sessions. The flexibility of the catheter reduces the risk of damage to the blood vessel and allows for easier insertion and positioning. Polyurethane catheters are biocompatible, meaning they do not cause an adverse reaction in the body. This is essential for long-term use, as it minimizes the risk of infection or other complications. Polyurethane catheters are durable and can withstand multiple uses, which makes them a cost-effective option for healthcare providers and patients. Polyurethane catheters are widely available and are used in a range of medical applications, including hemodialysis. This means that healthcare providers are familiar with the material, and manufacturers find the raw materials easily.
The silicone segment is expected to show steady growth in revenue share during the forecast period from 2023 to 2031. Silicone is biocompatible in nature, meaning it is not harmful to living tissue and can be safely used in the human body. This makes it an ideal material for medical devices like hemodialysis catheters. Silicone is a highly flexible material easily molded into different shapes and sizes. This makes it possible to create hemodialysis catheters that can be inserted into veins and arteries with minimal discomfort. Silicone is a highly durable material that can withstand repeated use over a long period. This means that hemodialysis catheters made from silicone can be used for extended periods without needing replacement. Silicone is highly resistant to infection, which is a critical factor in any medical device implanted in the body. Hemodialysis catheters made from silicone are less likely to become infected, which reduces the risk of complications and improves patient outcomes. All these factors contribute to the popularity of silicone hemodialysis catheters and their significant revenue share in the global hemodialysis catheters market.
Hemodialysis Catheters Market by End User
Based on the end users, the global hemodialysis catheters market is segmented into hospitals, home dialysis, dialysis centers, and others.
The hospital segment dominates the global market with the largest revenue share. Hospitals have specialized staff and equipment necessary for performing hemodialysis, including the insertion and maintenance of hemodialysis catheters. This makes hospitals the preferred setting for patients who require hemodialysis treatment. Hospitals generally have higher patient volumes, including patients who require hemodialysis. This large volume of patients leads to a higher demand for hemodialysis catheters. Hospitals have access to funding from insurance providers and government healthcare programs, which allows them to purchase and maintain hemodialysis catheters for their patients. Hospitals have strict infection control measures to prevent the spread of infections, including those associated with hemodialysis catheters. This makes hospitals safer settings for hemodialysis patients.
Hemodialysis Catheters Market by Region
Based on the regions, the global hemodialysis catheters market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America has a high prevalence of end-stage renal disease, which is a major driver of the demand for hemodialysis catheters. According to the National Kidney Foundation, more than 750,000 Americans have end-stage renal disease, which is expected to continue to rise during the forecast period. North America has a well-established healthcare infrastructure with advanced medical facilities, trained healthcare professionals, and sophisticated medical technologies. This has led to a high adoption rate of hemodialysis catheters and other medical devices. The healthcare system in North America has favorable reimbursement policies for hemodialysis and related medical devices. This has made it easier for patients to access hemodialysis catheters and has encouraged the adoption of these devices among healthcare providers. North America is home to many of the world's leading medical device manufacturers and research institutions. This has led to significant technological advancements in the field of hemodialysis catheters, which has driven the demand for these devices in the region to a greater extent. All such considerations have contributed to the dominance of the North American hemodialysis catheters market with the largest revenue share.
Europe has a well-established healthcare infrastructure with advanced medical facilities, trained healthcare professionals, and sophisticated medical technologies. This has led to a high adoption rate of hemodialysis catheters and other medical devices. The healthcare system in Europe has favorable reimbursement policies for hemodialysis treatments and related medical devices. This has made it easier for patients to access hemodialysis catheters and has encouraged the adoption of these devices among healthcare providers. Europe is home to many of the leading medical device manufacturers and research institutions. This is also attributed to significant technological advancements in the field of hemodialysis catheters, which have driven the demand for these devices in the region. Europe has an aging population; adults are more likely to develop kidney disease and require hemodialysis treatments. The implication of lifestyle-associated factors leading to chronic kidney disease and end-stage renal disease is also prominent in the region.
The prominent players operating in the global hemodialysis catheters market with the largest revenue share are:
The global hemodialysis catheters market is expected to be US$ 979.92 million in 2031.
The global hemodialysis catheter is expected to grow at a revenue CAGR of 4.19% during the forecast period.
Tunneled catheters account for the largest revenue share of the global hemodialysis catheters market.
The lack of skilled and experienced professionals with limited knowledge are some of the restraints in the hemodialysis catheters market.
The polyurethane material segment dominates the hemodialysis catheter market with the largest revenue share.
*Insights on financial performance are subject to the availability of information in the public domain