Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Global Catheter Market Outlook

The global catheter market size was valued at USD 33.83 billion in 2023, driven by the rising instances of diabetes, cardiovascular disorders (CVDs), urological disorders, end-stage renal disease (ESRD), and other chronic conditions caused by a sedentary lifestyle. The market is anticipated to grow at a CAGR of 7.4% during the forecast period 2024-2032 to reach a value of USD 64.32 billion by 2032.

Global Catheter Market

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The industry has a range of catheters, including cardiovascular catheters, neurovascular catheters, urinary catheters, intravenous catheters, and catheters of specialty. Cardiovascular is the most commonly used catheters among these catheters. The key factors driving the growth of the cardiovascular catheter market are the high incidences of cardiovascular diseases and the development of unique and improved cardiovascular catheters. Novel materials such as external male catheters have proven to be a profitable addition to the catheter market.

Global Catheter Market: Properties and Applications

Catheters are thin tubes made of medical material such as plastic, silicon rubber, polyvinyl chloride (PVC), and nylon that are inserted for therapeutic and diagnostic purposes into the patient's body particularly the bladder, for removing fluid. Catheterization is a main co-procedure conducted with a variety of other medical processes, including angioplasty, cardiac electrophysiology, and others.

Global Catheter Market

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The catheter market can be divided based on its products as:

  • Cardiovascular Catheters
    • Electrophysiology Catheters
    • PTCA Balloons Catheters
    • Intravascular Ultrasound (IVUS) Catheters
    • Percutaneous Transluminal Angioplasty (PTA) Balloon Catheters
    • Others
      • Guiding Catheters
      • Angiography Catheters
      • Pulmonary Artery Catheters
  • Neurovascular Catheters
  • Urological Catheters
    • Dialysis Catheter
      • Haemodialysis Catheter
      • Peritoneal Catheter
    • Urinary Catheter
      • Foley Catheters
      • Intermittent Catheters
      • External Catheters
  • Intravenous Catheters
    • Central Venous Catheters
    • Peripheral Venous Catheters
      • Integrated Catheters
      • Short Catheter
  • Specialty Catheters
    • Wound / Surgical Drain
    • Oximetry
    • Thermodilution
    • IUI Catheters

The EMR report looks into the regional catheter markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Global Catheter Market Analysis

The growth of the catheter market has been fuelled by the increasing prevalence of chronic disorders leading to hospitalization. The presence of multi-national manufacturers, the improvement in medical facilities, and supporting insurance policies are some of the crucial drivers of the catheter market growth. The catheter market growth is driven by the rising instances of diabetes, cardiovascular disorders (CVDs), urological disorders, end-stage renal disease (ESRD), and other chronic conditions caused by a sedentary lifestyle.

Global Catheter Market

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The increasing amount of surgeries owing to the increasing chronic disease instances is anticipated to boost the demand for catheters, which will further drive the catheter market growth. The increasing product awareness has also increased its demand. Further, it is expected that a growing number of mid-scale catheter manufacturers are gaining a higher market share, which will promote the catheter market growth. The increase in the funding for R&D by various government agencies and manufacturers of medical devices will boost the growth of the catheter market. However, the need for intensive capital to develop advanced equipment may hinder the growth of the catheter market.

Global Catheter Market: Competitive Landscape

The report presents a detailed analysis of the following key players in the global catheter market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Abbott Laboratories [NYSE: ABT]    
  • B. Braun Melsungen AG   
  • Becton, Dickinson and Company  
  • Boston Scientific Corporation  
  • Johnson & Johnson  
  • Edwards Lifesciences Corporation  
  • Teleflex Incorporated  
  • Others

The EMR report gives an in-depth insight into the catheter market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Model of Delivery
  • Region
Breakup by Product
  • Cardiovascular Catheters
  • Urology Catheters
  • Intravenous Catheters
  • Neurovascular Catheters
  • Other Products
Breakup by Model of Delivery
  • Hospitals
  • Long Term Care Facilities
  • Other End Users
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Hollister
  • Medtronic Plc
  • Coloplast
  • Becton, Dickinson and Company
  • B. Braun Melsungen AG
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Teleflex Incorporated
  • Johnson & Johnson
  • Edwards Lifesciences Corporation
  • Cook Medical
  • Stryker Corporation
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global catheter market reached a value of USD 33.83 billion in 2023.

The market is projected to grow at a CAGR of 7.4% during the forecast period of 2024-2032 to reach a value of USD 64.32 billion by 2032.

The major industry drivers are high incidences of cardiovascular diseases and the development of unique and improved cardiovascular catheters.

The key trends in the market are increasing prevalence of chronic disorders leading to hospitalization, presence of multi-national manufacturers, the improvement in medical facilities, and supporting insurance policies.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Cardiovascular catheter is the dominant type in the industry.

The major players in the industry are Abbott Laboratories [NYSE: ABT], B. Braun Melsungen AG, Becton, Dickinson and Company, Boston Scientific Corporation, Johnson & Johnson, Edwards Lifesciences Corporation, and Teleflex Incorporated, among others.

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