Catheter Market Size to be Worth $85.2 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Sept. 6, 2022 /PRNewswire/ -- The global catheter market size is anticipated to reach USD 85.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.5% from 2022 to 2030. An increasing number of surgeries due to a rise in the number of chronic ailments such as diabetes, cardiovascular disorders, urological disorders, end-stage renal diseases, and other chronic conditions is expected to increase the adoption rate of catheters, thus driving the market over the forecast period.

Key Industry Insights & Findings from the report:

• On the basis of product type, the cardiovascular catheters segment dominated the market in 2021 with the share of a 28.02%. Rise in the prevalence of cardiovascular disorders which in turn, is increasing the demand for interventional cardiac procedures.
• Based on the distribution channel, the hospital stores segment dominated the market in 2021 with a share of 53.83% owing to an increase in the number of hospital admission rates and an upsurge in surgical procedures globally.
• North America dominated the market with the highest revenue share of 31.94% in 2021 owing to a high incidence rate of chronic disorders as well as the availability of highly skilled physicians in this continent.

Read 170-page market research report, "Catheter Market Size, Share & Trends Analysis Report By Product Type (Cardiovascular, Urology, Intravenous, Neurovascular, Specialty Catheters), By Distribution Channel (Hospital Stores, Retail Stores), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Catheter Market Growth & Trends

COVID-19 is expected to have a positive impact on the market. According to National Center for Biotechnology Information (NCBI) in 2020, during the early stages of the COVID-19 pandemic, the use of both indwelling urinary catheters and Central Venous Catheters (CVC) increased, which is projected to boost market growth. Moreover, several manufacturers offering products such as coated urine catheters with temperature monitoring to ICU patients as a stronger protection against secondary infections, which is expected to boost market growth in the coming years.

Furthermore, technological advancements play crucial role in fueling the market growth. For instance, miniaturized catheters and introduction of antimicrobial catheters to reduce catheter-associated infections are expected to favor the catheter market growth. MAHURKAR Chronic Carbothane catheter, developed by Medtronic, is made of Carbothane, which facilitates a simple single-insertion technique and ensures superior kink resistance. The catheter delivers high flow rates with low arterial and venous pressures.

Catheter Market Segmentation

Grand View Research has segmented the global catheter market on the basis of product type, distribution channel, lumen, end-user and region:

Catheter Market - Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• 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

Catheter Market - Lumen Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital Stores
• Retail Stores
• Others

Catheter Market - Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Single-lumen
• Double-lumen
• Triple-lumen

Catheter Market - End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals
• Ambulatory Surgical Centers
• Long-term Care Facilities
• Others

Catheter Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• Australia
• South Korea
• Latin America
• Brazil
• Mexico
• Argentina
• Colombia
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• UAE

List of Key Players in Catheter Market

• Hollister Incorporated
• Medtronic
• Boston Scientific Corporation
• Edwards Lifesciences
• Smith Medical Inc.
• Teleflex Incorporated
• ConvaTec Group Plc
• Cure Medical LLC

Check out more related studies published by Grand View Research:

• Urinary Catheters Market - The global urinary catheters market size is anticipated to reach USD 8.7 billion by 2030 registering a CAGR of 5.39% according to a new report by Grand View Research, Inc. Increasing number of patients suffering from urinary tract infections (UTI) and blockages in the urethra are anticipated to boost the product demand. The advent of technologically advanced products is also expected to drive market growth.
• Cardiac Catheters & Guidewires Market - The global cardiac catheters and guidewires market size is expected to reach USD 21.32 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% from 2020 to 2027. Lack of substitutes in the market, increasing incidence of diabetes and cardiovascular diseases across the globe, and launch of new product lines by the key players are the major factors driving the market.
• Neurovascular Catheters Market - The global neurovascular catheters market size is anticipated to reach USD 4.83 billion by 2028, expanding at a CAGR of 6.7% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for minimally invasive neurosurgical procedures, rising prevalence of stroke and brain aneurysm, and technological advancements are driving the market.

Browse through Grand View Research's Medical Devices Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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