PUBLISHER: Acute Market Reports | PRODUCT CODE: 1615212
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1615212
The catheter market, an integral segment within the medical devices industry, pertains to the global sales, distribution, and innovation centered around catheters-thin tubes made from medical grade materials serving a broad range of functions, from drainage and administration of fluids to access by surgical instruments. Here, we delve into the intricacies of the market, encompassing the drivers, opportunities, restraints, and challenges that defined its trajectory in recent years. Catheter market is estimated to grow at a CAGR of 6.1% from 2024 to 2032 driven by rising global medical needs and technological advancements.
Catheter Market Dynamics
Driver: Aging Global Population and Rise in Associated Medical Conditions
One of the most potent drivers for the catheter market is the rapidly aging global population. According to the World Health Organization (not a research company, but a global health body), the number of people aged 65 or older is projected to grow from an estimated 524 million in 2010 to nearly 1.5 billion in 2050, with most of the increase in developing countries. This demographic transition has led to a higher prevalence of medical conditions that require catheterization, such as urinary incontinence, kidney disorders, and cardiovascular diseases. The European Cardiology Society highlighted the increasing cases of cardiovascular diseases in the elderly, noting the direct correlation between age and the need for catheter-based interventions. A publication in the Urology Journal discussed the rise in urinary disorders with age, emphasizing the growing demand for catheters in geriatric care settings.
Opportunity: Technological Advancements and Catheter Miniaturization
A lucrative opportunity lies in the realm of technological advancements, especially in the miniaturization of catheters. The move towards smaller, more flexible, and more efficient catheters not only improves patient comfort but also facilitates procedures that were previously challenging. Several medical journals have noted the advent and success of miniaturized catheters in accessing smaller and more intricate vascular structures. Innovations, as documented in the Medical Device Network, indicate that newer catheter materials and designs have resulted in reduced infection rates and improved patient outcomes.
Restraint: Concerns over Catheter-associated Infections
While catheters offer numerous medical advantages, their use is also associated with potential complications, the most common being catheter-associated infections. Such infections can lead to extended hospital stays, increased medical costs, and, in extreme cases, can be fatal. The Centers for Disease Control and Prevention (CDC) has released data showcasing the high number of catheter-associated urinary tract infections (CAUTIs) in healthcare settings, emphasizing the need for proper catheter care. Numerous patient testimonials, available in public domains, narrate experiences of infections post catheterization, reinforcing the concerns surrounding catheter use.
Challenge: Stringent Regulatory Frameworks and Approval Processes
Manufacturers in the catheter market face the daunting challenge of navigating through stringent regulatory frameworks. With patient safety at the core, medical devices, including catheters, undergo rigorous testing and validation before receiving market approval. This often results in prolonged time-to-market and increased R&D expenditures. The U.S. Food and Drug Administration (FDA) has a detailed approval process for catheters, with many manufacturers citing the complexity and duration of this process in their annual reports. Several case studies available in public medical literature discuss the recall of specific catheter models due to failure in meeting regulatory standards.
Product Insights
In 2023, the catheter market was prominently segmented into Urinary Catheters, Intravenous Catheters, and Hemodialysis Catheters. Of these, Urinary Catheters commanded the highest revenue, reflecting the ubiquity of urinary complications globally, and the consistent demand for catheters in managing these issues. On the other hand, Hemodialysis Catheters exhibited the highest Compound Annual Growth Rate (CAGR). This uptick was attributed to the rising incidence of end-stage renal disease, coupled with an aging population more susceptible to kidney disorders. A surge in diabetic populations globally, a condition intricately linked to kidney malfunctions, further propelled this segment.
Indication Insights
From an indication standpoint, the vast expanse of the catheter market was segmented based on conditions like Urinary Incontinence, Urethral Stricture, Chronic Obstruction, Neurogenic Bladder, Enlarged Prostate Gland/BPH, Prostate Cancer, Acute Kidney Injury, among others. In 2023, Urinary Incontinence was the most lucrative segment in terms of revenue. The sheer global prevalence of this condition, exacerbated by factors like aging, obesity, and childbirth, solidified its dominance. However, the spotlight in terms of CAGR was stolen by Acute Kidney Injury. The alarming rise in cases, often as a complication from other major surgeries or severe infections, has led to increased catheter utilization for management and treatment.
Regional Insights
Geographically, North America dominated the catheter market in terms of revenue in 2023. This dominance can be attributed to advanced healthcare infrastructure, high awareness levels, and the availability of reimbursement. However, the Asia-Pacific region, with countries like China and India, is expected to witness the highest CAGR from 2024 to 2032. Driving this growth is the amalgamation of increasing healthcare expenditure, booming populations, rising awareness, and the proliferation of healthcare facilities. Additionally, local governments' initiatives to bolster healthcare infrastructure and increase patient access to advanced medical care are expected to further fuel this growth.
Competitive Trends
Diving into the competitive landscape, major players like Becton, Dickinson & Company, Cardinal Health, B. Braun Melsungen AG, Coloplast, Medtronic, ConvaTec Inc., Teleflex Inc., Stryker Corporation (Cerus Endovascular), Sterimed Group, VOGT Medical, Optimum Medical Limited, Insung Medical, BACTIGUARD AB, Polymedicure, Utah Medical Products, Inc., Smiths Medical, Argon Medical Devices, Inc., Boston Scientific Corporation, Cook Medical Incorporated, Fresenius Kabi AG had substantial footprints in the market in 2023. Their dominance was a testament to their robust product portfolios, strong R&D capabilities, and expansive distribution networks. Key strategies that these giants and their counterparts employed were mergers and acquisitions, product launches, and geographical expansion. For instance, Medtronic's acquisitions in the past have been a testament to its strategy of expanding its product portfolio and reinforcing its market presence. Moreover, companies are expected to heavily invest in R&D to bring forth innovations that reduce catheter-associated complications, thereby building trust and expanding their customer base.
Historical & Forecast Period
This study report represents an analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Catheter market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users & consumption volume, price, and value.
Geographical revenues generated by countries considered in the report
Micro and macro environment factors that are currently influencing the Catheter market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.
Market Segmentation
Product
Short Peripheral IV Catheter
Integrated/Closed PIVC
Peripherally Inserted Central Catheters (PICC)
Implanted Port
Tunneled Central Venous Catheters
Non-tunneled Central Venous Catheters
Indication
End-User
Region Segment (2022-2032; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Catheter market?
What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2032.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Catheter market?
Which is the largest regional market for Catheter market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Catheter market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Catheter market worldwide?
TABLE 3 Global Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 4 Global Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 5 Global Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 6 Global Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 7 Global Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 11 North America Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 12 North America Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 13 North America Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 14 North America Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 15 North America Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 19 U.S. Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 20 U.S. Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 21 U.S. Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 22 U.S. Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 23 U.S. Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 27 Canada Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 28 Canada Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 29 Canada Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 30 Canada Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 31 Canada Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 35 Rest of North America Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 36 Rest of North America Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 37 Rest of North America Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 38 Rest of North America Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 39 Rest of North America Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 43 UK and European Union Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 44 UK and European Union Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 45 UK and European Union Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 46 UK and European Union Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 47 UK and European Union Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 51 UK Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 52 UK Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 53 UK Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 54 UK Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 55 UK Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 59 Germany Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 60 Germany Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 61 Germany Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 62 Germany Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 63 Germany Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 67 Spain Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 68 Spain Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 69 Spain Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 70 Spain Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 71 Spain Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 75 Italy Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 76 Italy Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 77 Italy Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 78 Italy Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 79 Italy Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 83 France Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 84 France Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 85 France Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 86 France Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 87 France Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 91 Rest of Europe Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 92 Rest of Europe Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 93 Rest of Europe Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 94 Rest of Europe Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 95 Rest of Europe Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 99 Asia Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 100 Asia Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 101 Asia Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 102 Asia Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 103 Asia Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 107 China Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 108 China Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 109 China Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 110 China Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 111 China Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 115 Japan Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 116 Japan Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 117 Japan Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 118 Japan Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 119 Japan Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 123 India Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 124 India Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 125 India Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 126 India Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 127 India Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 131 Australia Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 132 Australia Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 133 Australia Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 134 Australia Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 135 Australia Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 139 South Korea Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 140 South Korea Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 141 South Korea Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 142 South Korea Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 143 South Korea Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 147 Latin America Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 148 Latin America Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 149 Latin America Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 150 Latin America Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 151 Latin America Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 155 Brazil Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 156 Brazil Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 157 Brazil Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 158 Brazil Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 159 Brazil Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 163 Mexico Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 164 Mexico Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 165 Mexico Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 166 Mexico Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 167 Mexico Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 171 Rest of Latin America Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 172 Rest of Latin America Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 173 Rest of Latin America Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 174 Rest of Latin America Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 175 Rest of Latin America Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 179 Middle East and Africa Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 180 Middle East and Africa Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 181 Middle East and Africa Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 182 Middle East and Africa Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 183 Middle East and Africa Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 187 GCC Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 188 GCC Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 189 GCC Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 190 GCC Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 191 GCC Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 195 Africa Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 196 Africa Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 197 Africa Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 198 Africa Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 199 Africa Catheter Market By Indication, 2022-2032, USD (Million)
TABLE 203 Rest of Middle East and Africa Catheter Market By Intravenous Catheters, 2022-2032, USD (Million)
TABLE 204 Rest of Middle East and Africa Catheter Market By Peripheral Catheters, 2022-2032, USD (Million)
TABLE 205 Rest of Middle East and Africa Catheter Market By Central Venous Catheters, 2022-2032, USD (Million)
TABLE 206 Rest of Middle East and Africa Catheter Market By Hemodialysis Catheters, 2022-2032, USD (Million)
TABLE 207 Rest of Middle East and Africa Catheter Market By Indication, 2022-2032, USD (Million)
FIG. 10Market Positioning of Key Catheter Market Players, 2023
FIG. 11Global Catheter Market - Tier Analysis - Percentage of Revenues by Tier Level, 2023 Versus 2032