Catheters Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

Report Code: HCR 0910 Report Format: PDF + Excel

Catheters Market Overview

Catheters Market size is estimated to reach 33.12 billion by 2027, growing at a CAGR of 8.1% during the forecast period 2022-2027. Catheters are thin tubes prepared from medical-grade materials that handle an extensive series of functions. Catheters are medical devices that can be introduced in the body to treat ailments or carry out a surgical procedure. By altering the material or adapting the way, catheters are manufactured. It is feasible to custom-make catheters for cardiovascular, urological, gastrointestinal, neurovascular and ophthalmic applications. The process of introducing a catheter is "catheterization". Syringes and needles are utilized for administering numerous liquids and removing liquids from patients. Urinary catheters are utilized to treat patients with urinary incontinence, urinary retention or other urological ailments. A urinary catheter is a flexible tube utilized to drain urine from the bladder. Silicon rubber catheters are extensively utilized in medicine and have superior chemical stability, mechanical characteristics, biological inertness and are non-irritating and non-toxic. They can be utilized for both temporary and long-term surgical applications like implants. Therapeutic catheters can be utilized to convey ablation, drug or cell therapy. Vascular catheters obtain at an accelerated pace a sleeve of fibrin and fibronectin, while urinary catheters become lined with proteins, electrolytes and additional organic molecules from the urine of the host. Intra-arterial catheters permit continued hemodynamic monitoring and blood sampling. Radial arteries at the wrist are most typically utilized for intra-arterial access owing to good collateral circulation. Catheter Industry applications include medical applications involving intravenous surgeries.

The increasing count of patient admissions and the technological advancements involving catheters like urinary catheters during the COVID-19 pandemic is set to drive the Catheters Market. The surging application of minimally-invasive procedures and the heightening demand for antimicrobial catheters are set to propel the growth of the Catheters Industry during the forecast period 2022-2027. This represents the Catheters Industry Outlook.

Catheters Market Report Coverage

The Catheters Market Report - Forecast (2022-2027)” by Industry ARC, covers an in-depth analysis of the following segments in the Catheters Market.

By Product: Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Others.
By End User: Hospitals, Long Term Care Facilities, Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America) and Rest Of The World (Middle East, Africa).

Key Takeaways

  • Geographically, North America (Catheters market share) accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the soaring government backing for medical devices like urinary catheters in countries like the U.S. in the North American region.
  • Catheters Market growth is being driven by the increasing predominance of cardiovascular, neurology and urology ailments requiring application of cardiac catheters and urinary catheters across the world. However, the surging count of entrants in the domestic market causes the quality of catheter devices to decline owing to manufacturers utilizing cheap and substandard raw material to manufacture the product at reduced price and this is one of the major factors hampering the growth of Catheters Market. 
  • Catheters Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Catheters Market report. 

Catheters Market: Market Share (%) By Region, 2021

Catheters Market

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Catheters Market Segment Analysis - by Product

The Catheters Market based on product can be further segmented into Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters and Others. The Urology Catheters Segment held the largest Catheters market share in 2021. This growth is owing to the surging application of urinary catheters by soaring count of patients encountering difficulties in passing urine. Syringes and needles are utilized for administering numerous liquids and withdrawing liquids from patients. Silicon rubber is the most typically utilized material for urinary catheters owing to its elasticity and biodurability. The heightening approvals for urinary catheters by the international regulatory agencies are further propelling the growth of the Urology Catheters segment.

Furthermore, the Cardiovascular Catheters segment is estimated to grow with the fastest CAGR of 9.2% during the forecast period 2022-2027 owing to the increasing predominance of cardiovascular ailments resulting in extensive application of interventional cardiac procedures and vascular catheters.

Catheters Market Segment Analysis - by End User

The Catheters Market based on end user can be further segmented into Hospitals, Long Term Care Facilities and Others. The Hospitals Segment held the largest Catheters market share in 2021. This growth is owing to the boost in the count of hospital admissions and an upswing in surgical procedures requiring application of syringes, needles, urinary catheters and vascular catheters worldwide. Silicon rubber is the material of choice for urinary catheters. The soaring marketing of catheters at hospital stores is further propelling the growth of this segment.

Furthermore, the Long Term Care Facilities segment is estimated to grow with the fastest CAGR of 9.4% during the forecast period 2022-2027 owing to a significant percentage of residents utilizing chronic urinary catheters with catheters typically being applied for urinary retention, incontinence control, wound management and patient comfort.

Catheters Market Segment Analysis - by Geography

The Catheters Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. North America (Catheters Market) held the largest Catheters market share with 34% of the overall market in 2021. The growth of this region is owing to the surging count of surgeries requiring the application of urinary catheters and vascular catheters in the North American region. Syringes and needles are devices utilized to introduce or eliminate liquids from the body. The heightening inclination towards minimally invasive procedures owing to reduced operative time and lesser complications and the emerging initiatives from key market players for the introduction of novel products are further propelling the growth of the Catheters Industry in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the increasing predominance of kidney and cardiovascular ailments which may require the application of urinary catheters and vascular catheters in the Asia-Pacific region. Sterilized syringes are extensively utilized for blood testing in case of health emergencies. Silicon rubber catheters are preferred for urinary catheterization. The surging healthcare spending, enhanced medical facilities, supportive government policies, product launches, approvals and innovations together with the existence of countries like India and China are further fuelling the progress of the Catheters Industry thereby contributing to the Catheters Industry Outlook in the Asia-Pacific region.

Catheters Market Drivers

Surging Applications of Catheters are Projected to Drive the Growth of Catheters Market:

A catheter is a thin, flexible tube that can position liquids into the body or take them out. A urinary catheter is a hollow, partially flexible tube that accumulates urine from the bladder and leads to a drainage bag. Urinary catheters are available in numerous sizes and kinds. They can be prepared with rubber, plastic (PVC) and silicone. Catheters may be essential in cases when one is unable to discharge the bladder. If the bladder is not discharged, urine can increase and result in pressure in the kidneys. The pressure can result in kidney failure, which can be hazardous and lead to permanent damage to the kidneys. If there is trouble urinating, catheters may be required. Catheters are also utilized to eliminate the urine from the body prior to having certain kinds of surgery. Urinary catheters assist in eliminating wastes and liquid from the body. There are three kinds of urinary catheters including indwelling catheters, external catheters and short term catheters. There are three principal lengths in urinary catheters. Male length catheters are normally at least 16 inches in length. Female length catheters range from 6-8 inches in length. Women may be inclined to utilize male length catheters if they like a lengthier catheter type. Pediatric length catheters classically range from 10-12 inches in length. Women and children typically utilize shorter catheters owing to their shorter urethral length. The surging applications of catheters are therefore fuelling the growth of the Catheters Market during the forecast period 2022-2027.

Soaring Innovations in Catheters are Expected to Boost the Growth of the Catheters Industry:

Vascular catheters, which can also be termed as central lines, venous catheters or central venous access catheters, are catheters that are planned to be introduced into the veins and access the vascular system. The Teleflex SS-14703 - CATHETER, MULTI-LUMEN CENTRAL VENOUS, 5/CS is priced at $339.67. Researchers at the University of California at San Diego have established a way to make steerable catheters that can accurately maneuver the brain vasculature. The team of researchers planned the device to maneuver the arteries of the brain and blood vessels to treat aneurysms and additional neurological conditions. It was encouraged by insect legs and flagella tail-like structures that permit microscopic organisms to swim, as per the researchers. The catheter is directed by way of a handheld controller that the surgeon compresses to pass saline liquid into the tip of the catheter to steer it. The steerable tip of the catheter is discernible on X-rays. Till now, the steerable catheter has been successfully tested in pigs at the Center for Future of Surgery at UC San Diego. These kinds of soaring innovations in catheters are therefore driving the growth of the Catheters Industry, thereby contributing to the Catheters Industry Outlook, during the forecast period 2022-2027.

Catheters Market Challenges

Complexities of Intravenous Catheters are Hampering the Growth of the Catheters Market:

More than 1,000,000 cardiac catheterizations (CC) are carried out annually in the U.S Regarding arterial catheterization, typical sites of cannulation involve radial, femoral and axillary arteries, and the most repeatedly reported complexities involve vascular insufficiency, bleeding, and infection. When the medical team positions a central venous catheter in, there is a tiny possibility of some issues. The catheter may harm the vein. Blood may ooze out and bring about a bruise or additional problems. In nearly all cases, the bleeding halts on its own. The catheter may sever the lung, which would make it disintegrate. The medical team in this case, needs to reinflate the lung. The heart may go of its usual rhythm. In this case, it customarily comes again to normal by itself. Typical issues with catheters involve leakage of catheter, twisting of catheter, obstruction of the catheter by clotted blood, the catheter coming loose from the vein, infection from the catheter and composition of a blood clot in the vein. These issues are thus hampering the growth of the Catheters Market.

Catheters Industry Outlook

Novel product launches, approvals, innovations, mergers and acquisitions, collaborations, partnerships, agreements, joint ventures and R&D activities are key strategies adopted by players in the Catheters Market. The top 10 companies in the Catheters Market are:

  1. B. Braun Melsungen AG
  2. Becton, Dickinson and Company
  3. Coloplast
  4. Medtronic Plc
  5. Hollister
  6. Teleflex
  7. Boston Scientific Corporation
  8. ConvaTec Group
  9. Edward Lifesciences
  10. Smith Medical Inc.

Recent Developments

  • In December 2021, BD (Becton, Dickinson and Company declared that it has gained Venclose, Inc., a provider of solutions for the treatment of chronic venous insufficiency (CVI) — an ailment that is the outcome of malfunctioning valves and can result in varicose veins. CVI depicts a considerable and burgeoning therapeutic requirement within the health care system — effecting up to 40% of women and 17% of men in the U.S. Venclose is a leader in CVI treatment by way of its innovative Radio Frequency (RF) ablation technology platform planned for versatility, efficiency and simplicity.
  • In September 2021, B. Braun Melsungen AG declared that it has gained the minority interest of the cofounders Jean-Philippe Gentes and Bertrand Bolduc in Sterinova Inc. and presently owns 100% of the firm. Sterinova will continue to function as a different subsidiary of B. Braun Melsungen AG. With more than 64,000 employees in 64 nations, the family-owned firm B. Braun is one of the world’s leading providers of solutions for the healthcare market.
  • In July 2021, BD (Becton, Dickinson and Company) declared that it has gained Tepha, Inc., a leading developer and manufacturer of a proprietary resorbable polymer technology. Tepha's proprietary resorbable polymer (Poly 4-hydroxybutyric acid, P4HB) technology platform offers added innovation potential that can expedite the growth of BD's surgical mesh portfolio and prompts the firm into possible novel areas within soft tissue repair, reconstruction and regeneration. The acquisition of Tepha also offers strategic vertical integration of a significant supply chain constituent for BD's existing Phasix™ Mesh products. This concludes the Catheters Industry Outlook.

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1. Catheters Market Overview
    1.1 Definitions and Scope
2. Catheters Market - Executive Summary
3. Catheters Market – Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Catheters Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Catheters Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Catheters Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Catheters Market – By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Catheters Market – By Product (Market Size –$Million/$Billion) 
    8.1 Cardiovascular Catheters
    8.2 Urology Catheters
    8.3 Intravenous Catheters
    8.4 Neurovascular Catheters
    8.5 Others
9. Catheters Market – By End User (Market Size –$Million/$Billion) 
    9.1 Hospitals
    9.2 Long Term Care Facilities
    9.3 Others
10. Catheters Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 Germany
        10.2.2 France
        10.2.3 UK
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile
        10.4.4 Colombia
        10.4.5 Rest of South America
    10.5 Rest Of The World
        10.5.1 Middle East
        10.5.2 Africa
11. Catheters Market - Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. Catheters Market – Industry Competition Landscape (Premium)
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key Companies
        12.1.3 Market Share by Countries – Key Companies
    12.2 Competition Matrix
    12.3 Best Practices for Companies
13. Catheters Market – Key Company List by Country Premium (Premium)
14. Catheters Market - Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
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