Catheter Market to Grow with a CAGR of 5.39% through 2030
Rising prevalence of chronic diseases and increasing
hospitalization and surgical procedures are factors driving the Global Catheter
Market in the forecast period
2026-2030.
According to TechSci
Research report, “Catheter Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Catheter
Market stood at USD 58.45 Billion in 2024 and is anticipated to grow with a
CAGR of 5.39% through 2030. The
increasing preference for minimally invasive surgeries (MIS) is another
significant factor propelling the catheter market. Patients and healthcare
providers are opting for procedures that reduce hospital stays, lower the risk
of infections, and enable quicker recovery times. Catheters play a crucial role
in minimally invasive interventions such as angioplasty, embolization, and
catheter ablation. The demand for these techniques is rising as they offer
effective treatment solutions with minimal complications, thus boosting
catheter adoption worldwide.
Continuous
technological innovations are reshaping the catheter industry, leading to
improved performance, safety, and patient outcomes. The introduction of
antimicrobial-coated catheters, bioabsorbable stents, and smart catheters with
sensors enhances infection control and diagnostic accuracy. Companies are
investing in research and development (R&D) to introduce catheters with
better flexibility, biocompatibility, and ease of insertion. Innovations such
as drug-eluting catheters, steerable catheters, and robotic-assisted
catheterization are expanding the application scope, and driving market growth.
The
aging global population is another key factor driving the catheter market.
Elderly individuals are more prone to chronic conditions such as cardiovascular
diseases, urinary incontinence, and neurovascular disorders, necessitating
long-term catheterization. With the proportion of older adults increasing
worldwide, the demand for catheters is expected to rise. Additionally,
advancements in home healthcare and self-catheterization techniques are
enabling older patients to manage their conditions more effectively, further
stimulating market growth.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Catheter Market”
The Global Catheter
Market is segmented into product type, end-use, regional distribution, and
company.
Based
on end-use, Hospital stores have emerged as the dominating segment in the
Global Catheter Market in 2024, driven by the rising demand for advanced
medical procedures and critical care interventions. Hospitals account for the
largest share due to their high patient inflow, increasing surgical procedures,
and well-established infrastructure for catheter-based treatments. The growing
prevalence of chronic diseases, such as cardiovascular disorders and urinary
incontinence, further fuels the demand. Additionally, hospitals offer access to
specialized healthcare professionals and advanced catheterization labs,
ensuring effective patient management. As technological advancements continue,
hospital stores remain a crucial distribution channel for high-quality, innovative
catheter products worldwide.
Based on Region,
North America has emerged as the fastest-growing region in the Global Catheter
Market in 2024, due to a high prevalence of chronic diseases, advanced
healthcare infrastructure, and technological innovations. The increasing
incidence of cardiovascular disorders, urinary incontinence, and kidney
diseases drives catheter demand. Key players like Boston Scientific, Medtronic,
and Abbott lead innovations in drug-coated and AI-assisted catheters. Favorable
FDA regulations and reimbursement policies further strengthen market growth.
Additionally, a rising aging population and hospital admissions boost catheter
adoption. With continuous R&D and advancements in biocompatible materials
and remote monitoring, North America is expected to maintain its leadership in
the global market.
Major companies
operating in Global Catheter Market are:
- Hollister
Incorporated
- Medtronic
PLC
- Boston
Scientific Corporation
- Edward
Lifesciences
- Smith
Medical Inc.
- Teleflex
Incorporated
- ConvaTec
Group Plc
- Cure
Medical LLC
- Terumo
Corporation
- Cook
Medical Inc.
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“The global
catheter market is witnessing substantial growth due to the rising prevalence
of chronic diseases, increasing demand for minimally invasive procedures,
technological advancements, and an aging population. The expansion of
healthcare infrastructure, coupled with favorable government policies, is
further fueling market expansion. As innovation continues to drive product
development, the catheter market is poised for continuous growth, offering
improved healthcare solutions and better patient outcomes”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“Catheter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Cardiovascular Catheters( Electrophysiology Catheters, PTCA Balloon Catheters, IVUS Catheters, PTA Balloon Catheters), Urology Catheters (Hemodialysis Catheters, Peritoneal Catheters, Foley Catheters, Intermittent Catheters, External Catheters), Intravenous Catheters( Peripheral Catheters, Midline Peripheral Catheters, Central Venous Catheters), Neurovascular Catheters (Specialty Catheters, Wound/Surgical Catheters, Oximetry Catheters, Thermodilution Catheters, IUI Catheters), By End Use (Hospital Stores, Retail Stores, Others), By Region and Competition 2020-2030F”,
has evaluated the future growth potential of Global Catheter Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Catheter Market.
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