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Global Catheters Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product, Distribution Channel and Region (North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa) – Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 10321
Pages: 190

Catheters Market Size (2022 to 2027)

The global catheters market size is forecasted to be worth USD 26.90 billion by 2027 from USD 17.81 billion in 2022, growing at a CAGR of 8.7% from 2022 to 2027. The catheters market is expected to have significant growth in the coming days due to factors like a surge in lifestyle changes leading to chronic diseases and technological advancements.

A catheter is a long tube made of medical-grade materials. It serves various purposes, such as treating diseases or performing surgical operations. It is also used to pass the urine from the body when the person is incapable of doing so. Catheterization is performed along with other medical procedures such as angioplasty, cardiac electrophysiology, and neurosurgery.

MARKET DRIVERS:

Y-O-Y increase in the number of surgeries being performed worldwide, and Y-O-Y growth in the prevalence of chronic diseases, are majorly driving the development of the global catheters market.

Increasing awareness regarding catheters is likely to enhance the market growth during the forecast period. Furthermore, the growing need for minimally invasive surgeries, the rising aging population, and the increase in the demand for hygienic and expendable catheters are further fuelling the growth of the global catheters market. In addition, the growing patient count with cardiac and urological diseases has spurred the demand for catheter utilization in the world. According to the American College of Cardiology, in 2013, cardiovascular deaths illustrated 31% of global deaths.

Y-O-Y rise in the geriatric population worldwide boosts the global catheters market.

People aged 65 years and above are nearly 615million, according to the U.S. Department of Health and Human Services in 2015. The rising focus on minimally invasive procedures over conventional procedures has positively impacted the market. The presence of multi-national manufacturers and supportive insurance policies has contributed a lot to the increasing growth rate of the catheters market. Rising cases of urology diseases and diabetes have also increased the market's growth rate for the future. Various catheters are present in the market, including cardiovascular catheters, neurovascular catheters, urinary catheters, intravenous catheters, and specialty catheters. The rising government initiatives have led to increased funding, and even private manufacturers are investing a lot of money in research and development in the global catheters market. An increasing number of manufacturers have improved the quality of products, thus contributing positively to market growth.

MARKET RESTRAINTS:

The significant factors that hinder market growth are the increasing requirement for intensive capital to develop advanced devices. The low awareness between people and government has led to a deficiency of this required intensive capital, thus lowering the market growth. Product failures and recalls and unfavorable taxation policies have also negatively impacted the development of the catheters market. Trade barriers among countries have led to high taxation in some countries and thus reduced the market growth. The risk of infections due to catheter use has also become a major restraining factor for the catheters market.

The necessity for elaborated monetary to enhance advanced devices may restrain the catheters market globally throughout the period. In addition, limited property guarantees, cost competition at domestic levels, and a rise in complications and infections post usage of catheters hinder the growth of catheters globally throughout the forecast period.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Product, Distribution Channel, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global catheters market has been segmented and sub-segmented based on the product, distribution channel, and region.

Catheters Market – By Product:

  • Cardiovascular
  • Urology
  • Intravenous
  • Neurovascular
  • Specialty

Based on the product, the cardiovascular segment dominated the catheters market share in 2021 and is expected to grow at a promising CAGR during the forecast period. It is further sub-segmented into electrophysiology, PTCA Balloon, Intravascular Ultrasound (IVUS), and PTA Balloon. PCTA balloon or Percutaneous Transluminal Coronary Angioplasty balloon dominated the segment with over 35%. An increase in cardiovascular diseases due to an unhealthy lifestyle significantly contributes to this segment's growth.

The urology catheters segment had the second-largest share in 2021 and is expected to grow at a reasonable rate. The urology segment is subdivided into Haemodialysis, Peritoneal, Foley, Intermittent, and External. The intermittent sub-segment dominated the segment in terms of value. The main reason for this domination is due to an increase in the geriatric population. In addition, the increase in funding for further research and development will also increase the market share.

The intravenous catheters segment had the third-largest market share in 2021 and is expected to grow at a notable pace during the forecast period. The intravenous segment is sub-segmented into Peripheral, Midline Peripheral, and Central Venous. The peripheral sub-segmented dominated the segment in terms of revenue. An increase in government initiatives will further increase the growth rate.

The specialty segment had a fourth place in terms of revenue. It is further sub-segmented into Wound/Surgical, Oximetry, Thermodilution, and Intrauterine Insemination (IUI). The wound sub-segment dominated the segment in revenue and the growth rate.

The neurovascular segment had the fifth-largest revenue share in 2019. An increase in awareness and technological advancement will help this sub-segment grow in the forecast period.

Catheters Market – By Distribution Channel:

  • Hospital Stores
  • Retail Stores
  • Others (online Stores)

Based on the distribution channel, the hospital stores segment had the largest share in 2021 and is expected to grow at a promising CAGR among all other segments. An increase in admittance of patients and superior healthcare facility will ensure that the hospital dominates the segment. In addition, the right facilities for surgeries and treatment will ensure that patients who can afford hospitals' costs do not go for other alternatives.

The retail stores segment is expected to grow at the fastest CAGR during the forecast period. The main factor responsible for the most rapid growth is the easy accessibility of these stores. In addition, the rise in population and the increase in the prevalence of diseases will ensure that the market grows at a reasonable rate. Furthermore, the increasing awareness due to improving medical procedures is also helping the market grow.

Online stores are also expected to grow at a prominent rate and had the third-largest revenue share in 2021. The growing popularity is the main reason driving the growth rate. In addition, the increase in the usage of e-commerce platforms will ensure that the growth remains positive.

Catheters Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

The North American catheters market is projected to dominate the global market during the forecast period and accounted for a market share of 44% in 2021. The market is attributed due to acceptable reimbursement policies and mounting the surgeries count. The U.S. catheters market is to rule the catheters market due to the Y-O-Y increase in chronic diseases like cardiovascular diseases and increased healthcare costs. Moreover, it enhanced healthcare infrastructure and increased the assumption of catheters in treating various chronic diseases. Cardiovascular diseases account for nearly 800,000 deaths in the United States, where every 1 in 3 deaths stimulates the growing demand for catheters. Canada followed after the U.S and witnessed rapid growth in the region because of high consciousness in people about urinary dysfunction.

The European catheters market is just behind North America, with significant growth in the catheters market globally. The region is predicted to hold a market share of 31%. The existence of a robust healthcare domain and government assistance for R&D is to propel growth. Germany, the UK, and France are the major contributors to the market growth. Firmly developed technological advancements are the prime factor in enhancing the market in Europe. Germany's catheters market is driven by growing death rates due to CVD, as 38.6% of the German population's total deaths are accounted for by CVDs. One thousand two hundred catheter-based therapies are implemented in Southern Germany for cardiac arrhythmias every year, as per the German Heart Center's cardiology department.

The Asia-Pacific catheters market is anticipated to have the fastest growth among all the global market regions during the forecast period and accounted for a 19.7% share in 2021. Factors like the surge in healthcare expenses and the quick surge in diabetes and obesity propel the market. 60% of the global diabetic population lives in the Asia-Pacific region, according to the World Health Organization (WHO). China is leading the catheters market, and many urinary catheters are exported from China. Expanding key players focus on developing new products at low costs to reduce the risk of infections and a large, aimed patient population. India is anticipated to have rapid growth in the region as a result of upgrading discretionary expenses, augmenting perforation of health insurance, expansion of many catheters and their approvals from regulatory authorities for delivering adequate quality devices; and the government has executed few measurements and also private organizations to create awareness among people. Moreover, India draws the attention of vital foreign players due to acceptable laws and fewer labor costs, which fuels the catheters market growth in the Asia-Pacific region.

The Latin American catheters market is forecasted to showcase a steady CAGR during the forecast period due to an increase in the amount spent on healthcare, enhancements made in healthcare infrastructure, and growth in the advent of medical tourism. Brazil is leading the market and is ruling the region.

The catheters market for the Middle East & Africa region is anticipated to hold a minor share. Factors like the appearance of developed countries like Qatar, Oman, and Saudi Arabia. Africa is projected to have strong growth due to enormous opportunities for the advancement of the market.

NOTABLE COMPANIES IN THE MARKET:

Key manufacturers leading the global catheters market are Boston Scientific CorporationMedtronicBecton, Dickinson and Company, Abbott, B. Braun Melsungen AG, ConvaTec Group PLC, Coloplast Group, Cook Medical, Edwards Lifesciences Corporation, Johnson & Johnson Services, Merit Medical Systems, Stryker Corporation, Terumo Corporation, Teleflex Incorporated, Hollister Incorporated, AMG International GmbH, Simeks Tibbi Ürünler, Alvimedica, Medinol Ltd and Amsino International, Inc.

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Product
      1. Cardiovascular
      2. Urology
      3. Intravenous
      4. Neurovascular
      5. Specialty
      6. Y-o-Y Growth Analysis, By Products and Services
      7. Market Attractiveness Analysis, By Products and Services
      8. Market Share Analysis, By Products and Services
    2. By Distribution Channel
      1. Hospital Stores
      2. Retail Stores
      3. Others (online Stores)
      4. Y-o-Y Growth Analysis, By Distribution Channel
      5. Market Attractiveness Analysis, By Distribution Channel
      6. Market Share Analysis, By Distribution Channel
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Product
        3. By Distribution Channel
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Product
        3. By Distribution Channel
      5.      Market Share Analysis   
        1. By Geographical Area
        2. By Product
        3. By Distribution Channel
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Boston Scientific Corporation
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Medtronic
    3. Becton, Dickinson and Company
    4. Abbott
    5. B. Braun Melsungen AG
    6. ConvaTec Group PLC
    7. Coloplast Group
    8. Cook Medical
    9. Edwards Lifesciences Corporation
    10. Johnson & Johnson Services
    11. Merit Medical Systems
    12. Stryker Corporation
    13. Terumo Corporation
    14. Teleflex Incorporated
    15. Hollister Incorporated
    16. AMG International GmbH
    17. Simeks Tibbi Ürünler
    18. Alvimedica
    19. Medinol Ltd
    20. Amsino International, Inc.
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures 
  1. Global Catheters Market, By Region, From 2022 - 2027 (USD Million)
  2. Global Catheters Market, By Product, From 2022 - 2027 (USD Million)
  3. Global Cardiovascular Market, By Region, From 2022 - 2027 (USD Million)
  4. Global Urology Market, By Region, From 2022 - 2027 (USD Million)
  5. Global Intravenous Market, By Region, From 2022 - 2027 (USD Million)
  6. Global Neurovascular Market, By Region, From 2022 - 2027 (USD Million)
  7. Global Specialty Market, By Region, From 2022 - 2027 (USD Million)
  8. Global Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  9. Global Hospital Stores Market, By Region, From 2022 - 2027 (USD Million)
  10. Global Retail Stores Market, By Region, From 2022 - 2027 (USD Million)
  11. Global Others (online Stores) Market, By Region, From 2022 - 2027 (USD Million)
  12. North America Catheters Market, By Product, From 2022 - 2027 (USD Million)
  13. North America Cardiovascular Market, By Region, From 2022 - 2027 (USD Million)
  14. North America Urology Market, By Region, From 2022 - 2027 (USD Million)
  15. North America Intravenous Market, By Region, From 2022 - 2027 (USD Million)
  16. North America Neurovascular Market, By Region, From 2022 - 2027 (USD Million)
  17. North America Specialty Market, By Region, From 2022 - 2027 (USD Million)
  18. North America Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  19. North America Hospital Stores Market, By Region, From 2022 - 2027 (USD Million)
  20. North America Retail Stores Market, By Region, From 2022 - 2027 (USD Million)
  21. North America Others (online Stores) Market, By Region, From 2022 - 2027 (USD Million)
  22. United States Catheters Market, By Product, From 2022 - 2027 (USD Million)
  23. United States Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  24. Canada Catheters Market, By Product, From 2022 - 2027 (USD Million)
  25. Canada Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  26. Europe Catheters Market, By Product, From 2022 - 2027 (USD Million)
  27. Europe Cardiovascular Market, By Region, From 2022 - 2027 (USD Million)
  28. Europe Urology Market, By Region, From 2022 - 2027 (USD Million)
  29. Europe Intravenous Market, By Region, From 2022 - 2027 (USD Million)
  30. Europe Neurovascular Market, By Region, From 2022 - 2027 (USD Million)
  31. Europe Specialty Market, By Region, From 2022 - 2027 (USD Million)
  32. Europe Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  33. Europe Hospital Stores Market, By Region, From 2022 - 2027 (USD Million)
  34. Europe Retail Stores Market, By Region, From 2022 - 2027 (USD Million)
  35. Europe Others (online Stores) Market, By Region, From 2022 - 2027 (USD Million)
  36. U.K. Catheters Market, By Product, From 2022 - 2027 (USD Million)
  37. U.K. Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  38. Germany Catheters Market, By Product, From 2022 - 2027 (USD Million)
  39. Germany Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  40. France Catheters Market, By Product, From 2022 - 2027 (USD Million)
  41. France Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  42. Italy Catheters Market, By Product, From 2022 - 2027 (USD Million)
  43. Italy Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  44. Spain Catheters Market, By Product, From 2022 - 2027 (USD Million)
  45. Spain Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  46. Asia Pacific Catheters Market, By Product, From 2022 - 2027 (USD Million)
  47. Asia Pacific Cardiovascular Market, By Region, From 2022 - 2027 (USD Million)
  48. Asia Pacific Urology Market, By Region, From 2022 - 2027 (USD Million)
  49. Asia Pacific Intravenous Market, By Region, From 2022 - 2027 (USD Million)
  50. Asia Pacific Neurovascular Market, By Region, From 2022 - 2027 (USD Million)
  51. Asia Pacific Specialty Market, By Region, From 2022 - 2027 (USD Million)
  52. Asia Pacific Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  53. Asia Pacific Hospital Stores Market, By Region, From 2022 - 2027 (USD Million)
  54. Asia Pacific Retail Stores Market, By Region, From 2022 - 2027 (USD Million)
  55. Asia Pacific Others (online Stores) Market, By Region, From 2022 - 2027 (USD Million)
  56. Japan Catheters Market, By Product, From 2022 - 2027 (USD Million)
  57. Japan Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  58. China Catheters Market, By Product, From 2022 - 2027 (USD Million)
  59. China Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  60. India Catheters Market, By Product, From 2022 - 2027 (USD Million)
  61. India Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  62. Australia Catheters Market, By Product, From 2022 - 2027 (USD Million)
  63. Australia Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  64. South Korea Catheters Market, By Product, From 2022 - 2027 (USD Million)
  65. South Korea Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  66. Latin America Catheters Market, By Product, From 2022 - 2027 (USD Million)
  67. Latin America Cardiovascular Market, By Region, From 2022 - 2027 (USD Million)
  68. Latin America Urology Market, By Region, From 2022 - 2027 (USD Million)
  69. Latin America Intravenous Market, By Region, From 2022 - 2027 (USD Million)
  70. Latin America Neurovascular Market, By Region, From 2022 - 2027 (USD Million)
  71. Latin America Specialty Market, By Region, From 2022 - 2027 (USD Million)
  72. Latin America Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  73. Latin America Hospital Stores Market, By Region, From 2022 - 2027 (USD Million)
  74. Latin America Retail Stores Market, By Region, From 2022 - 2027 (USD Million)
  75. Latin America Others (online Stores) Market, By Region, From 2022 - 2027 (USD Million)
  76. Brazil Catheters Market, By Product, From 2022 - 2027 (USD Million)
  77. Brazil Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  78. Argentina Catheters Market, By Product, From 2022 - 2027 (USD Million)
  79. Argentina Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  80. Mexico Catheters Market, By Product, From 2022 - 2027 (USD Million)
  81. Mexico Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  82. Rest of Latin America Catheters Market, By Product, From 2022 - 2027 (USD Million)
  83. Rest of Latin America Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  84. Middle East and Africa Catheters Market, By Product, From 2022 - 2027 (USD Million)
  85. Middle East and Africa Cardiovascular Market, By Region, From 2022 - 2027 (USD Million)
  86. Middle East and Africa Urology Market, By Region, From 2022 - 2027 (USD Million)
  87. Middle East and Africa Intravenous Market, By Region, From 2022 - 2027 (USD Million)
  88. Middle East and Africa Neurovascular Market, By Region, From 2022 - 2027 (USD Million)
  89. Middle East and Africa Specialty Market, By Region, From 2022 - 2027 (USD Million)
  90. Middle East and Africa Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  91. Middle East and Africa Hospital Stores Market, By Region, From 2022 - 2027 (USD Million)
  92. Middle East and Africa Retail Stores Market, By Region, From 2022 - 2027 (USD Million)
  93. Middle East and Africa Others (online Stores) Market, By Region, From 2022 - 2027 (USD Million)
  94. Middle East Catheters Market, By Product, From 2022 - 2027 (USD Million)
  95. Middle East Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)
  96. Africa Catheters Market, By Product, From 2022 - 2027 (USD Million)
  97. Africa Catheters Market, By Distribution Channel, From 2022 - 2027 (USD Million)

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FAQ's

How much is the global catheters market going to be worth by 2027?

As per our research report, the global catheter market size is estimated to be worth USD 26.9 billion by 2027.

Does this report include the impact of COVID-19 on the catheters market?

Yes, we have studied and included the COVID-19 impact on the global catheter market in this report.

Which geographical region is dominating the catheters market?

Geographically, the North American catheters market accounted for the largest share of the global market in 2021.

Which are the major players operating in the catheters market?

Boston Scientific Corporation, Medtronic, Becton, Dickinson and Company, Abbott, B. Braun Melsungen AG, ConvaTec Group PLC, Coloplast Group, Cook Medical, Edwards Lifesciences Corporation, Johnson & Johnson Services, Merit Medical Systems, Stryker Corporation, Terumo Corporation, Teleflex Incorporated, Hollister Incorporated, AMG International GmbH, Simeks Tibbi Ürünler, Alvimedica, Medinol Ltd and Amsino International, Inc. are a few of the notable companies in the global catheters market.

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