What Has Been the Growth of the Pediatric Catheter Market So Far?
The pediatric catheter market has seen considerable growth due to a variety of factors.
• The pediatric catheter market has grown strongly in recent years. It will grow from $6.98 billion in 2024 to $7.64 billion in 2025, at a compound annual growth rate (CAGR) of 9.5%.
Growth is attributed to the rising prevalence of pediatric disorders, greater awareness among parents and healthcare professionals, a preference for minimally invasive procedures, improvements in healthcare infrastructure, and the growing preference for home-based care.
What Is the Forecasted Market Size and Growth Rate for The Pediatric Catheter Market Size In The Coming Years?
The pediatric catheter market is expected to maintain its strong growth trajectory in upcoming years.
• The pediatric catheter market is projected to reach $10.89 billion by 2029, with a CAGR of 9.3%.
This growth is driven by the increasing prevalence of pediatric diseases, rising healthcare expenditure, chronic conditions, and emphasis on sustainable practices. Trends include technological advancements, adoption of digital health, sustainable materials, and expanding distribution networks.
What Factors Are Driving Growth In The Pediatric Catheter Market?
The growth of the pediatric catheter market is predicted to be fuelled by the increasing prevalence of minimally invasive surgeries. Characterized by reduced skin and tissue incisions, minimally invasive surgery (MIS) are surgical procedures aimed at causing the least possible damage during treatments. The popularity of these surgeries is due to the benefits they offer such as quicker recovery, lesser discomfort, and minimal scarring. The use of pediatric catheters is enhanced by such surgeries as they provide less intrusive entry points for insertion, reduce pain, lead to shorter hospital stays, and expedite recovery. For example, The Aesthetic Society, a US organization focusing solely on aesthetic plastic surgery and cosmetic medicine of the face and body, reported in August 2023, that Americans had spent over $11.8 billion on aesthetic procedures, an increase of 2% from the previous year. Thus, the proliferation of minimally invasive surgeries is stimulating the pediatric catheter market's expansion.
What Are The Main Segments Of The Global Pediatric Catheter Market?
The pediatric catheter market covered in this report is segmented –
1) By Product Type: Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters, Other Types
2) By Lumen: Single Lumen, Double Lumen, Triple Lumen
3) By End User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Cardiovascular Catheters: Balloon Catheters, Guide Catheters, Diagnostic Catheters
2) By Urology Catheters: Urinary Catheters, Urethral Catheters, Nephrostomy Catheters
3) By Intravenous Catheters: Peripheral IV Catheters, Central Venous Catheters (CVC), Peripherally Inserted Central Catheters (PICC)
4) By Neurovascular Catheters: Microcatheters, Guidewires For Neurovascular Procedures, Balloon Angioplasty Catheters
5) By Specialty Catheters: Biopsy Catheters, Dialysis Catheters, Hemodialysis Catheters
6) By Other Types: Catheters For Endoscopic Procedures, Respiratory Catheters, Surgical Drainage Catheters
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Which Emerging Market Trends Are Altering The Pediatric Catheter Industry?
Leading firms in the pediatric catheter market are concentrating on the innovation of cardiac cryoablation catheters, aiming to provide a secure and effective focal cryoablation treatment for pediatric cardiology patients. These catheters, which are specialized medical devices used in cryoablation procedures, are designed to treat conditions such as atrial fibrillation. They work by creating focal lesions via heart tissue freezing, hindering unwanted electrical propagation and managing arrhythmias. For example, in February 2022, Medtronic plc, a US-based medical device firm, gained approval from the US federal agency, the Food and Drug Administration (FDA), for its Freezor and Freezor Xtra cardiac cryoablation focal catheters to treat pediatric atrioventricular nodal reentrant tachycardia (AVNRT). These catheters are designed to freeze the heart tissue and block unnecessary electrical signals within the heart, providing an initial treatment for AVNRT, with proven high efficiency and minimal complications.
Who Are the Key Players In The Pediatric Catheter Market?
Major companies operating in the pediatric catheter market are:
• Cardinal Health
• Abbott Laboratories
• Medtronic Plc
• Becton
• Dickinson and Company
• Stryker Corporation
• Medline Industries LP.
• B. Braun SE
• Olympus Corporation
• Edwards Lifesciences Corporation
• Coloplast Corp.
• Cook Medical
• Getinge AB
• ICU Medical Inc.
• Convatec Inc.
• Lepu Medical Technology(Beijing) Co. Ltd.
• Merit Medical Systems
• Vygon SAS
• AngioDynamics Inc.
• pfm medical gmbh
• Avanos Medical Inc.
• 180 Medical Inc.
• Romsons Group
• Flexicare Medical Ltd.
• Medical Components Inc.
• Well Lead Medical Co. Ltd.
What Is The Most Dominant Region In The Pediatric Catheter Market?
North America was the largest region in the pediatric catheter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric catheter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
