Catheter Market

Catheter Market

Global Industry Analysis (2018 - 2021), Growth Trends, and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Medical Devices | Author Name: Sayali

Growing Focus on Minimally Invasive Surgical Procedures to Fuel Growth of Catheter Market

Catheters are used for several reasons. The most common is urinary retention or being unable to empty one’s bladder. The problem can quickly become serious. As urine builds up in the bladder, it becomes uncomfortable, then painful. If the problem continues, the bladder can become overly full and urine can back up into kidneys, causing damage that can be permanent. A catheter is the answer. There are three main types of catheters: indwelling catheters, external catheters, and short-term catheters. The increased demand for minimally invasive procedures is likely to drive catheter market. Patients' choice for minimally invasive procedures has increased because of these operations, which is projected to benefit the growth of catheter market. Furthermore, increased endeavours from leading market competitors for the launch of their products are likely to drive the expansion of catheter market even further. In July 2021, Medtronic plc (has introduced its Prevail drug-coated balloon (DCB) Catheter in Europe following the CE (Conformité Européene) certification. The Prevail DCB, the most recent coronary DCB on the market, is used during percutaneous coronary intervention (PCI) operations to treat restricted or blocked coronary arteries in patients with coronary artery disease (CAD).

The increasing prevalence of cardiovascular, neurological, and urological illnesses, increased use of minimally invasive treatments, and rising need for antimicrobial catheters are projected to drive market growth. Chronic diseases are becoming the leading cause of death, and morbidity worldwide. According to the World Health Organisation, in June 2021, the number of fatalities from cardiovascular illnesses worldwide in 2019 is 17.9 million, accounting for 32% of all global deaths. The growing number of cardiac mortalities has resulted in an increase in cardiac procedures, which has boosted the utilisation of catheters, accelerating market expansion.

The growing number of COVID-19 cases all around the world has contributed to an increase in the number of in-patient hospitalisations. Catheters are being used more frequently in hospitals and emergency rooms as governments and healthcare organisations work to improve medical treatment for COVID-19 patients. The demand for these devices is expected to stay high throughout the pandemic hence driving the growth of the global catheter market. In April 2020, Bactiguard launched a new urinary catheter, BIP Foley TempSensor, for continuous temperature monitoring. The company stated that in the event of a pandemic, it has a urinary catheter with integrated temperature monitoring, and infection control. Such technical advances may aid market growth during the pandemic.

Rising Prevalence of Urine Incontinence Drives Growth of Urology Catheters Category in Catheter Market

The urology catheters segment is expected to hold a major revenue share over the forecast period. A urinary catheter is required for a person who has trouble passing pee spontaneously. However, because these products are utilised for patients suffering from urological diseases, the category is likely to rise rapidly throughout the forecast period. Rising COVID-19 instances have caused substantial disruptions around the world and are predicted to have a little influence on urinary catheters. Urinary catheters were being used for surgical applications and are predicted to be impacted to some level as authorities endeavour to secure the availability of resources for COVID-19 patients. Furthermore, due to the rising infection incidence, there were only a few releases that contributed to the market's steady expansion. The rising prevalence of urine incontinence, as well as the increasing number of surgical procedures, are the primary drivers driving the demand for urinary catheters, which further pushes market growth. Moreover, growing approvals for urinary catheters by worldwide regulatory authorities are likely to drive segment growth throughout the projection period.

Rise in Prevalence of Cardiovascular Disorders in North America to Drive Growth of Catheter Market

North American region is expected to hold a significant share in catheter market in global catheters market over the forecast period. The rise in the prevalence of cardiovascular disorders, as well as the rise in demand for minimally invasive surgeries, are driving growth in the global catheter market. Furthermore, a large increase in the frequency of chronic diseases connected with the urinary bladder, kidney failures, and other factors are driving the growth during the catheter market forecast. An increase in patient desire for minimally invasive surgeries propels the catheter’s market expansion. However, an increase in incontinence difficulties due to an increase in the global geriatric population base, as well as an increase in demand for sterile and disposable catheters, contribute toward catheter market growth in this area.

The United States is expected to dominate catheter market in North America due to the high government support for medical devices and an increasing number of surgeries. According to the American Cancer Society, the number of new cases of bladder cancer in the United States in 2020 is expected to be around 81,400, with approximately 17,980 deaths. This will result in increased use of catheters during bladder cancer therapy, driving market growth in this region. As a result, the significant increase in the patient pool in the United States tends to raise demand for catheters, driving the market's overall growth.

Rising initiatives from leading industry players to offer unique products are projected to grow the market in this region further. Cerus Endovascular, for example, got FDA certification for its 027 micro-catheters, which are available in two lengths, in March 2022, expanding its product range, which already includes the FDA-certified 021 micro-catheter platform.

Global Catheter Market: Competitive Landscape

Companies in the market are introducing new products alongside initiation collaborations, alliances, and partnership agreements. In March 2022, Shockwave Medical released their Shockwave M5+ peripheral intravascular lithotripsy catheter after gaining a CE mark and US Food and Drug Administration (FDA) clearance. On the other hand, in February 2022, Cerenovus, a division of Johnson & Johnson Medical Devices Companies, debuted its Emboguard, a next-generation balloon guide catheter for use in endovascular operations, particularly those for patients with acute ischemic stroke.

A few of the players in the catheter market include Medtronic (Ireland), Edwards Lifesciences Corporation (US), Teleflex Incorporated (US), Abbott (US), B. Braun Melsungen AG (Germany), Becton, Dickinson, and Company (US), Boston Scientific Corporation (US), ConvaTec Group (UK), Coloplast (Denmark), Johnson & Johnson Services (US), Terumo Corporation (Japan), Hollister Incorporated (US), Stryker (US), Cook Medical (US), Merit Medical Systems (US), amg International GmbH (Germany), Simeks Tibbi Ürünler, (Turkey) Alvimedica (Turkey), Medinol (Israel), and Amsino International (US).

Global Catheter Market is Segmented as Below:

By Type

  • Cardiovascular Catheters
  • Urological Catheters
  • Indwelling/Foley Catheters
  • Intermittent Catheters
  • External Catheters
  • Hemodialysis catheters
  • Peritoneal dialysis catheters
  • Intravenous Catheters
  • Peripherally inserted central catheters
  • Non-tunneled central catheters
  • Skin-tunneled central catheters
  • Implantable ports
  • Neurovascular Catheters
  • Specialty Catheters

By End-User

  • Hospitals
  • Long-term Care Facilities
  • Diagnostic Imaging Centers
  • Other End Users

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Catheter Market

  • Catheter Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2018 - 2021
  • Volume Consumption at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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