What Has Been the Growth of the Biliary Catheters Market So Far?
The biliary catheters market has seen considerable growth due to a variety of factors.
• In recent times, the biliary catheters market has seen robust growth. Its expansion is predicted to continue from $3.42 billion in 2024 to a substantial $3.75 billion in 2025, with a compound annual growth rate (CAGR) reaching 9.7%.
The considerable growth during the previous years can be credited to a surge in cases of biliary tract diseases, an increase in minimally invasive procedures, a developing ageing population, an upswing in liver transplants, and amplified healthcare expenditure.
What Are the Future Growth Projections for the Biliary Catheters Template Market?
The biliary catheters market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, robust expansion is anticipated for the biliary catheters market. It is projected to surge to $5.38 billion by 2029, with a compound annual growth rate (CAGR) of 9.4%.
This growth during the forecast period can be credited to several factors such as the rising healthcare expenditure, increasing lifestyle-associated diseases, growth in endoscopic procedures, heightened incidents of biliary diseases, and a greater focus on diagnostic processes. The forecast period is also expected to witness significant trends such as advancements in technology, superior imaging modalities, eco-friendly catheters, 3D printing, and intelligent technologies.
What Are the Critical Driver Fuelling The Biliary Catheters Market's Growth?
An increase in liver disease incidents is anticipated to stimulate the expansion of the biliary catheters market. This rise in liver disease is influenced by elements such as growing incidences of chronic hepatitis infections, alcohol misuse, and non-alcoholic fatty liver disease (NAFLD). Biliary catheters play a significant role in managing liver disease complications by facilitating appropriate bile drainage, which assists in easing symptoms, preventing infections, and maintaining liver function. For example, in 2022, the UK-based governmental agency, Office for Health Improvement & Disparities reported a growth in premature mortality rates due to alcoholic liver disease to 11.6 per 100,000 population, a slight rise from 11.5 in 2021. Hence, the escalating instances of liver disease are fuelling the advancement of the biliary catheters market.
What Are The Major Segments Within The Global Biliary Catheters Market?
The biliary catheters market covered in this report is segmented –
1) By Type: Multi-Purpose Drainage, Multi-Purpose Drainage Sump Catheter, Biliary Drainage Catheter, Nephrostomy Catheter, Ureteral Stent, Other Types
2) By Application: Thrombectomy, Drainage, Occlusion, Infusion, Aspirating, Dialysis, Diagnostic, Monitoring, Stent Delivery, Dilatation
3) By End User: Clinic, Hospital, Other End Users
Subsegments:
1) By Multi-Purpose Drainage: Multi-Purpose Drainage Catheter, Multi-Purpose Drainage Catheter With Sump
2) By Multi-Purpose Drainage Sump Catheter: Single-Channel Sump Catheter, Double-Channel Sump Catheter
3) By Biliary Drainage Catheter: Plastic Biliary Drainage Catheter, Metal Biliary Drainage Catheter, Expandable Biliary Drainage Catheter
4) By Nephrostomy Catheter: Percutaneous Nephrostomy Catheter, Internal Nephrostomy Catheter
5) By Ureteral Stent: Double-J Ureteral Stent, Straight Ureteral Stent
6) By Other Types: Biliary Balloon Catheter, Biliary Stent Catheter, Special Procedure Catheter
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Which Trends Are Expected To Transform The Biliary Catheters Market?
Leading entities in the biliary catheter market are focusing on the creation of innovative product offerings that incorporate advanced coating technologies, for instance, the trueGlide hydrophilic coating. This technology helps to reduce friction, providing a smoother process for the insertion of catheters during medical operations. An example of this is in June 2024 when B. Braun Interventional Systems Inc., a medical device organization based in the US, introduced its ACCEL all-purpose and biliary drainage catheters that come with the trueGlide hydrophilic coating. These catheters are purposely built to enhance comfort for patients and improve clinical outcomes. Featured within these catheters are large oval holes to aid in maximizing fluid drainage, and a hydrophilic coating to facilitate smooth insertion. This new development has expanded the percutaneous drainage lineup of B. Braun, offering a comprehensive solution for the management of fluid drainage which meets various clinical needs.
Who Are the Key Players In The Biliary Catheters Market?
Major companies operating in the biliary catheters market are:
• Abbott Laboratories
• Medtronic plc
• Fujifilm Holdings Corporation
• Stryker Corporation
• Boston Scientific Corporation
• Medline Industries Inc.
• B. Braun Melsungen AG
• Olympus Corporation
• Edwards Lifesciences Corporation
• Nipro Medical Corporation
• Smiths Medical
• Teleflex Incorporated
• Cook Medical
• Merit Medical Systems Inc.
• C. R. Bard Inc.
• ASAHI INTECC CO. LTD.
• AngioDynamics Inc.
• Galt Medical Corp.
• EndoFlex GmbH
• Taewoong Medical Co. Ltd.
• M.I. Tech Co. Ltd.
• Marflow AG
• Navilyst Medical Inc.
What Is The Most Dominant Region In The Biliary Catheters Market?
North America was the largest region in the biliary catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biliary catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
