Catheters Market Overview:
Global Catheters Market was valued at $8,905 million in 2015, and is expected to reach $15,830 million by 2022, supported by a CAGR of 8.5% during the forecast period 2014 to 2022. Catheters are thin tubes made of medical grade material such as plastic, silicon rubber, polyvinyl chloride (PVC), and nylon, which are inserted in the patient’s body for therapeutic and diagnostic purposes. Catheterization is a primary co-procedure performed with varied other medical procedures such as angioplasty, cardiac electrophysiology, and neurosurgery, wherein catheters are used. The global catheters market is driven by increase in prevalence of cardiovascular diseases, urinary bladder, and kidney failures; and growth in demand for minimal invasive surgeries.
Global Catheter Market Segmentation, By Product Type
The global catheters market is segmented based on product type and geography. The product type segment includes cardiovascular catheters, neurovascular catheters, urological catheters, intravenous catheters, and specialty catheters. Cardiovascular catheters are further segmented into electrophysiology catheters, PTCA balloon catheters, IVUS catheters, PTA balloon catheters, and others (guiding, angiography, and pulmonary artery catheters). Urological catheters are bifurcated into dialysis and urinary catheters, whereas dialysis catheters into hemodialysis and peritoneal catheters. Urinary catheters are further categorized into Foley, intermittent, and external catheters. Intravenous catheters are classified into central and peripheral venous catheter. Peripheral venous catheters are further divided into integrated and short catheters. Specialty catheters are divided into wound/surgical drain, oximetry, thermodilution, and IUI catheters. The market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
The market is expected to witness moderate growth during the forecast period, owing to the rise in number of surgeries and high demand for minimally invasive procedures. In addition, increase in geriatric population base and rise in demand for sterile & disposable catheters supplement the market growth. Furthermore, increase in reimbursement levels and advancements in catheter technology are expected to boost the market growth. However, inadequate quality assurance and price competition at domestic levels are expected to hamper this growth.
The key players profiled in this report include Abbott Laboratories, Becton Dickinson And Company, Boston Scientific Corporation, Bard Medical, B. Braun Melsungen AG, Teleflex Incorporated, Johnson & Johnson, Medtronic, Inc., Edwards Lifesciences Corp., and Vascular Solutions, Inc.
Other players in the value chain include Hollister Incorporated, Cook Medical, Stryker Corporation, Cure Medical, and Convatech Inc.
Catheters Market, By Geography, 2014-2022 ($Million)
LAMEA possesses high market potential for growth of catheters due to increase in demand for cardiovascular and urological catheters, and upsurge in governmental initiatives to improve healthcare facilities. It is experiencing fast-paced growth, in terms of production and development of catheters.
Argentina Catheters Market, 2014-2022 ($Million)
Argentina catheters market is projected to grow at a high CAGR of 12.6% during the forecast period.
Key Benefits of Catheters Market:
- This report entails a detailed quantitative analysis of the current market trends from 2014 to 2022 to identify the prevailing opportunities.
- Market estimations are based on comprehensive analysis of the key developments in the industry.
- The global catheters market is comprehensively analyzed with respect to product type and geography.
- In-depth analysis based on geography assists in understanding the regional market to assist in strategic business planning.
- The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
Catheters Market Key Segments
By Product Type
- Cardiovascular Catheters
- Electrophysiology Catheters
- PTCA Balloons Catheters
- IVUS Catheters
- PTA Balloons Catheters
- Neurovascular Catheters
- Urological Catheters
- Dialysis Catheter
- Hemodialysis Catheters
- Peritoneal Catheters
- Urinary Catheter
- Foley Catheters
- Intermittent Catheters
- External Catheters
- Dialysis Catheter
- Intravenous Catheters
- Central Venous Catheters
- Peripheral Venous Catheters
- Integrated Catheters
- Short Catheters
- Specialty Catheters
- Wound/Surgical Drain
- IUI Catheters
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Republic of South Africa
- Rest of LAMEA