Global Catheters market analysis 2024, Forecast To 2033
26 Jan, 2024
The catheters market has exhibited robust growth, advancing from $29.97 billion in 2023 to $32.5 billion in 2024, representing an 8.4% CAGR. Historic growth is attributed to an aging population, increased chronic diseases prevalence, a shift towards minimally invasive procedures, heightened awareness and treatment of urinary incontinence, and healthcare infrastructure expansion. Moving towards 2028, the market is expected to reach $46.81 billion, boasting a 9.6% CAGR. Projected growth drivers include telemedicine and remote patient monitoring, personalized medicine focus, regenerative medicine techniques, patient-centric care, and eco-friendly catheter materials. Notable trends comprise AI and robotics integration, infection control advancements, technological innovations, and IoT adoption.
Global Catheters Market Key Driver
The catheters market is set to grow with the rising prevalence of cardiovascular disorders. The Center for Disease Control and Prevention reported that in 2021, heart disease caused nearly 1 in 5 deaths in the U.S. The increased incidence of cardiovascular diseases is driving the demand for catheters in diagnostic and treatment procedures.
Get A Free Sample Of The Global Catheters Market ReportGlobal Catheters Market Segments
The global catheters market covered in this report is segmented –
1) By Product: Cardiovascular Catheters, Neurovascular Catheters, Urology Catheters, Intravenous Catheters, Speciality Catheters
2) By Lumen: Single-lumen, Double-lumen, Triple-lumen
3) By End User: Hospitals & Clinics, Ambulatory Surgical Centres
By Geography: The regions covered in the Catheters market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Catheters Industry Players
Boston Scientific Corporation, Coloplast A/S, ConvaTec Group Plc, Edwards Lifesciences Corporation, Hollister Incorporated, Johnson & Johnson, Medtronic Plc, B. Braun Melsungen AG, Terumo Corporation, Lumend Corporation, Covidien Ag, Acist Medical Systems Inc., Cook Medical Inc., Becton Dickinson and Company, Stryker Corporation, Merit Medical Systems Inc., Abbott Laboratories, Manfred Sauer GmbH, Koninklijke Philips N.V., Teleflex Incorporated, C. R. Bard Inc., Vascular Solutions Inc., Cordis Corporation, Rochester Medical Corporation, Navilyst Medical Inc., AngioDynamics Inc., Cardinal Health Inc., Fujifilm Holdings Corporation, Olympus Corporation, Penumbra Inc., Philips Healthcare, Siemens Healthineers AG, Smiths Medical Inc.
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Catheters Market Overview
A catheter is a medical device that is used to remove urine or other liquids from the body. The catheters are used for different medical purposes, such as the administration of fluids, medications, or gases, or to drain fluids or urine from the body.
Catheters Global Market Report 2023 provides data on the global catheters market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The catheters market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.