What is the Historical Analysis of the Intravascular Catheters Market Size?
The intravascular catheters market has seen considerable growth due to a variety of factors.
• The market for intravascular catheters has experienced quick expansion lately. The market that valued at $7.51 billion in 2024, is set to rise to $8.49 billion in 2025 with a compound annual growth rate (CAGR) of 13.1%.
The historic period's growth can be traced back to factors such as a growing aging population, a surge in cardiovascular diseases, the uptake of less invasive procedures, the digitalization of healthcare, and worldwide health initiatives.
What is the Forecasted Growth of the Intravascular Catheters Market Size?
The intravascular catheters market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for intravascular catheters is predicted to experience a swift expansion in the forthcoming years, increasing to $13.78 billion by 2029 with a compound annual growth rate (CAGR) of 12.9%.
This remarkable growth during the forecast period can be linked to the development of precision medicine, sustainable healthcare, telemedicine expansion, enhanced patient awareness and engagement along with a noticeable rise in the usage of intravascular catheters. Foreseen trends during this forecasting timeframe comprise smart catheters, superior navigation systems, vascular access for pediatrics, AI-supported catheter placement, and progress in non-invasive catheter procedures.
What Are The Key Drivers Fueling Growth In The Intravascular Catheters Market?
The surge in hospital admissions due to the increasing incidence of chronic illnesses is contributing to the expansion of the intravascular catheters market. The global frequency of chronic health issues is on an upward trend. Intravascular catheters are utilized for obtaining samples for analysis, as well as the administration of fluids, nutrients, and blood during chronic disease treatment. As per the assessment of Fresenius Medical Care, a German healthcare firm, the count of individuals with chronic kidney failure is projected to escalate from 3.7 million in 2021 to 4.9 million by 2025. Consequently, the surge in hospitalization owing to the high occurrence of chronic illnesses is likely to stimulate the intravascular catheters market growth in the forthcoming years.
What Are The Principal Market Segments In The Global Intravascular Catheters Industry?
The intravascular catheters market covered in this report is segmented –
1) By Product: Short PIVC, Integrated/Closed PIVC
2) By Application: Oncology, Gastroenterology, Renal Disease, Infectious Diseases, Other Applications
3) By End-Use: Hospitals, Clinics, Ambulatory Surgical Center, Homecare
Subsegments:
1) By Short Peripheral Intravenous Catheters (PIVC): Standard Short PIVC, Safety-Engineered Short PIVC
2) By Integrated Or Closed Peripheral Intravenous Catheters (PIVC): Closed System PIVC, Integrated Catheter Systems With Antimicrobial Properties
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Which Emerging Market Trends Are Altering The Intravascular Catheters Sector?
Product advancements are becoming a significant trend in the intravascular catheters market. The leading names in the market are directing their efforts towards the innovation of new products equipped with enhanced features in order to solidify their market standing. For instance, B. Braun Medical Inc., a medical and pharmaceutical device production company based in Germany, launched the Introcan Safety 2 IV Catheter in July 2022 that boasts a one-time blood control feature. This makes IV access safer for clinicians by reducing the risk of blood exposure and needle stick incidents. Additionally, in March 2022, Shockwave Medical Inc., a company that designs and offers medical devices, released the Shockwave M5+ catheter. This product is specifically designed to address calcified lesions found in the iliac, femoral, iliofemoral, popliteal, infra-popliteal, and renal arteries in the lower extremities that are otherwise challenging to treat.
Who Are the Key Players in the Intravascular Catheters Market?
Major companies operating in the intravascular catheters market include:
• Cook Group Incorporated
• Smiths Medical Inc.
• Edwards Lifesciences Corporation
• Medtronic Inc.
• Johnson & Johnson
• Abbott Laboratories
• Boston Scientific Corporation
• Cordis Corporation
• Koninklijke Philips NV
• Terumo Corporation
• ACIST Medical Systems Inc.
• B. Braun Melsungen AG
• Teleflex Incorporated
• Hollister Incorporated
• Coloplast Corp.
• ConvaTec Inc.
• Merit Medical Systems Inc.
• ICU Medical Inc.
• AngioDynamics Inc.
• Vygon SA
• Becton
• Dickinson and Company
• C. R. Bard Inc.
• Teleflex Medical OEM
• Nipro Medical Corporation
• Argon Medical Devices Inc.
• Vascular Solutions Inc.
• Infus Medical (India) Pvt. Ltd.
• Angiplast Pvt. Ltd.
• Romsons Scientific & Surgical Pvt. Ltd.
• Hindustan Syringes & Medical Devices Ltd.
What are the Regional Insights into the Intravascular Catheters Market?
North America was the largest region in the intravascular catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intravascular catheters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
