Global Catheters Market: Snapshot

Varied forms of catheters used for a variety of applications have witnessed major improvements in terms of technology, material, efficiency, and variety over the years. The broad scope of applications of catheters for use in a number of disease conditions continues to remain a key driving force for the global catheters market. The rising incidence of a number of chronic kidney diseases, cardiovascular and urological ailments, and diabetes, rise in the number of patients administered in hospitals are also key to the steady expansion of the global catheters market.

TMR analysts suggest that the global catheter market will rise to a valuation of US$55,985.1 mn by 2025, registering a CAGR of 7.4% from 2017 to 2025.

global catheters market

Cardiovascular Catheters Lead to Dominant Share in Global Revenue

In terms of product type, the segment of cardiovascular catheters holds the leading spot in the overall market. The rising prevalence of cardiovascular diseases globally is the chief factors that drives the expansion of the cardiovascular catheter segment. According to the World Health Organization, about 17.7 mn people died from cardiovascular disease (CVD) in 2015 and cardiovascular diseases are the number one cause of death globally. The urological catheters segment also holds a prominent share in the catheters market around the world. The rising prevalence of urinary incontinence and various other urinary disorders is the primary factor driving the demand for urological catheters. The segment is also fueled by the increasing demand for minimally-invasive procedures and a rising number of patients undergoing prostate or genital surgeries.

Hospitals to Remain Most Lucrative End Users of Catheters

Based on end users of catheters, the hospital segment dominates the global catheters market, followed by ambulatory surgical centers. The growth of the hospital segment is attributed by the increasing number of private as well as government hospital in all regions across the globe. Increasing government investment in the healthcare provides world class facilities at affordable cost which attracts number of patients.

North America and Europe are the key regions contributing to the growth of ambulatory surgical centers. In 2013, the number of ASCs was 5,260 in the U.S. as compared to 5,724 hospitals. This indicates that the number of ASCs is increasing at a faster pace in the country. Asia Pacific is chiefly attributable to the steady growth prospects of the dialysis centers segment. Moreover, the vast rise in prevalence of kidney diseases globally is also a key factor fueling the growth of dialysis centers segment. According to the National Institute of Diabetes and Digestive and Kidney Diseases, the overall prevalence of chronic kidney disease among the general population is approximately 14% of the total population of the world. According to the National Center of Health Statistics, in 2015 about 4.9 million adults were diagnosed with kidney diseases.

Market in North America to Continue to Lead the Way

Geographically, North America contributes the maximum share of revenue to the global catheters market. In North America, increasing number of catheterization procedures is an important factor driving the catheter market in the region. Europe is the second largest region after North America contributing for the growth of global catheters market. Large pool of geriatric population, technological advances with rising number of lifestyle disorders are the major factors responsible for the growth of market in the region. Latin America and Asia Pacific are the emerging and most lucrative market during the forecast period contributing 35.8% of market share together in 2016 of global catheters market. Middle East and Asia has a huge potential and is expected to contribute with a sustainable growth during the forecast period. Increasing prevalence of various cardiovascular, urological and other prominent ailments is an important factor driving catheters market in this region.

Some of the leading players operating in the global catheters market are Abbott Laboratories, Becton, Dickinson and Company, B. Braun Melsungen AG, C. R. Bard, Inc., Medtronic plc., Boston Scientific Corporation, Teleflex Incorporated, JOHNSON & JOHNSON, and Cook Group Incorporated,.

Global Catheters Market: Overview

Catheters have been an integral part of the healthcare industry for ages and are likely to remain so for the foreseeable future. Manufacturers are racing against each other to improve product differentiation and scope of utility of their products to outshine in the global catheters market. Catheters form an inseparable part of diagnostics and treatment of the millions of patients that are suffering from chronic diseases, diabetes, cardiovascular diseases, and all urinary diseases. The global catheters market is segmented by product type, end users and geography.  

The global catheters market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product type, end users and geography. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. In addition, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, by geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global catheters market.

Global Catheters Market: Key Segments

Based on product type the global catheters market is segmented into cardiovascular catheters, urology catheters, intravenous catheters, neurovascular catheters and specialty catheters. The cardiovascular segment is further segmented into electrophysiology catheters, PTCA balloon catheters, IVUS catheters, PTA balloon catheters and others. The others segment of the cardiovascular catheters includes angiography catheters, guiding catheters and pulmonary artery catheters.  The urology catheter segment is further segmented into hemodialysis catheters, peritoneal catheters, foley catheters, intermittent catheters and external catheters. The intravenous catheters segment is segmented into peripheral catheters, midline peripheral catheters and central venous catheters. The product type segments have been analyzed based on incidence of diseases, cost of the product and key players in the segment. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

According to end users the global catheters market is segmented into hospitals, ambulatory surgical centers, dialysis centers and others. The end users segments have been analyzed based on number of healthcare infrastructure, government investment and also economic development in the regions. The market size and forecast for each of these segments have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.

Global Catheters Market: Regional Outlook

Geographically, the global catheters market has been categorized into five major regions and the key countries in the respective region: North America (the U.S., Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC countries, Israel and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in the monoclonal antibody therapeutics market are Abbott Laboratories, Becton, Dickinson and Company, B. Braun Melsungen AG, C. R. Bard, Inc., Medtronic plc., Boston Scientific Corporation, Teleflex Incorporated, JOHNSON & JOHNSON, Cook Group Incorporated and Cardinal Health, Inc. 

The global catheters market has been segmented as follows:

  • Global Catheters Market Revenue, by Product Type
  • Cardiovascular
    • Electrophysiology Catheters
    • PTCA Balloon Catheters
    • IVUS Catheters
    • PTA Balloon Catheters
    • Others
  • Urology
    • Hemodialysis Catheters
    • Peritoneal Catheters
    • Foley Catheters
    • Intermittent Catheters
    • External Catheters
  • Intravenous
    • Peripheral Catheters
    • Midline Peripheral Catheters
    • Central Venous Catheters
  • Neurovascular
  • Specialty
  • Global Catheters Market Revenue, by End Users
  • Hospitals
  • Ambulatory Surgical Center
  • Dialysis Center
  • Others
  • Global Catheters Market Revenue, By Geography
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • Israel
    • South Africa
    • Rest of MEA