PUBLISHER: The Business Research Company | PRODUCT CODE: 1509603
PUBLISHER: The Business Research Company | PRODUCT CODE: 1509603
Catheter introducer sheaths are medical tools utilized during interventional procedures to aid in the insertion and positioning of catheters within the vascular system or other bodily cavities. These sheaths typically comprise a hollow tube equipped with a dilator and hemostasis valve, intended to create a safe conduit for catheters while reducing the risks of vascular damage, bleeding, and infection.
The primary types of catheter introducer sheaths are integrated introducer sheaths and separate introducer sheaths. Integrated introducer sheaths serve the purpose of facilitating the smooth insertion and placement of catheters or other medical instruments into blood vessels or body cavities. These devices find applications in fields such as cardiology, vascular interventions, and neurology, with end users including hospitals, ambulatory surgical centers, and other healthcare facilities.
The catheter introducer sheaths research report is one of a series of new reports from The Business Research Company that provides catheter introducer sheaths market statistics, including the catheter introducer sheaths industry's global market size, regional shares, competitors with a catheter introducer sheaths market share, detailed catheter introducer sheaths market segments, market trends and opportunities, and any further data you may need to thrive in the catheter introducer sheaths industry. This catheter introducer sheaths market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The catheter introducer sheaths market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.30 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth observed in the historic period can be attributed to several factors, including the increased demand for enhanced patient safety measures, advancements in imaging technologies, the growing need for reliable vascular access solutions, and feedback from healthcare providers.
The catheter introducer sheaths market size is expected to see rapid growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The anticipated growth in the forecast period can be linked to several factors, such as the expansion of interventional procedures, the increasing popularity of minimally invasive surgical techniques, the aging population demographic, and the growing emphasis on safety and efficacy in healthcare practices. Noteworthy trends expected in this period encompass advancements in clinical research and evidence-based medicine, improvements in imaging technologies, the trend towards miniaturization and integration of medical devices, the integration of devices with imaging technologies, and the adoption of value-based healthcare models.
The growth of the catheter introducer sheaths market is expected to be driven by the increasing prevalence of cardiovascular disease (CVD). CVD encompasses a range of conditions affecting the heart and blood vessels. Factors contributing to the rising prevalence of CVD include aging populations, unhealthy lifestyles, increasing rates of obesity, socioeconomic influences, and advancements in detection methods. Catheter introducer sheaths play a critical role in managing CVD by providing safe and efficient access to the heart and blood vessels for diagnostic and interventional procedures. For example, in May 2023, the Centers for Disease Control and Prevention reported an increase in the prevalence of coronary heart disease among adults aged 18 and over, from 4.6% in 2020 to 4.9% in 2021. This trend underscores how the growing prevalence of cardiovascular disease is fueling the expansion of the catheter introducer sheaths market.
Key players in the catheter introducer sheaths market are focused on developing innovative technologies, such as the multi-access blood control septum, to enhance procedural efficiency, reduce complications, and improve patient outcomes. The multi-access blood control septum is a specialized technology integrated into catheter introducer sheaths, enabling multiple access points while maintaining controlled blood flow. For instance, in October 2023, B. Braun SE introduced the Introcan Safety 2 IV Catheter with multi-access blood control, designed to improve safety for clinicians during IV access procedures. This catheter features a blood control mechanism that minimizes the risk of blood exposure with each hub access, offering automatic protection against needlestick injuries and bloodborne pathogens. Additionally, it incorporates Double Flashback Technology for quick visual confirmation of successful vessel puncture, enhancing the efficiency and effectiveness of IV access procedures.
In October 2022, Cordis acquired MedAlliance, combining Cordis's global reach with MedAlliance's innovative SELUTION SLRTM technology, a unique drug delivery system for treating artery diseases. Cordis is a US-based manufacturer of interventional vascular medical devices, while MedAlliance is a Switzerland-based company specializing in catheter introducer sheaths. This acquisition reflects the industry's focus on leveraging advanced technologies to address the evolving needs of cardiovascular care.
Major companies operating in the catheter introducer sheaths market are Johnson & Johnson Services Inc., Abbott Laboratories, Medtronic plc, Becton Dickinson and Company, Boston Scientific Corporation, Terumo Corporation, Edwards Lifesciences Corporation, Smiths Medical International Limited, Teleflex Incorporated, Beijing Lepu Medical Technology Co. Ltd., Integer Holdings Corporation, Merit Medical Systems Inc., Penumbra Inc., C. R. Bard Inc., Asahi Intecc Co. Ltd., AngioDynamics Inc., Argon Medical Devices Inc., Cordis Corporation, B. Braun Melsungen AG, Oscor Inc., BrosMed Medical Co. Ltd., Galt Medical Corp., SCITECH Medical Products (Hefei) Co. Ltd., Vascular Solutions Inc., Cook Incorporated
North America was the largest region in the catheter introducer sheaths market in 2023. The regions covered in the catheter introducer sheaths market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the catheter introducer sheaths market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The catheter introducer sheaths market consists of sales of standard introducer sheaths, hydrophilic-coated introducer sheaths, radial artery introducer sheaths, pediatric introducer sheaths and hemostatic introducer sheaths. values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Catheter Introducer Sheaths Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on catheter introducer sheaths market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for catheter introducer sheaths? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The catheter introducer sheaths market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.