Intravascular Catheter Market Industry Trends, Growth, Size, Share and Forecast 2025

The global intravascular catheter market is projected to grow at a CAGR of 8.4% during 2019-2025. The major factors contributing to the growth of the market include increasing incidence of cardiovascular diseases, cancer, neurological disorders, renal disorders, urinary tract infections, and others. According to the World Health Organization (WHO), cancer is the second leading cause of mortality across the globe. In 2018, more than 9.6 million fatalities occurred across the globe due to cancer. The increasing hospitalization rate owing to the high incidence of chronic diseases coupled with the increasing use of catheters for performing minimally invasive diagnostic and treatment is further expected to fuel the market growth.

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Some of the key players operating in the global intravascular catheter market include Boston Scientific Corp., Medtronic Plc, Johnson & Johnson Services Inc., Becton, Dickinson and Co., Abbott Laboratories Inc., and others.

However, certain factors are restraining the growth of the market. The risk related to bloodstream infections associated with the use of intravascular catheters and a dearth of skilled healthcare professionals are some of the major factors that restrict the growth of the global intravascular catheters market. The on-going technological advancement in catheter technology is creating new opportunities for the growth of the global intravascular catheters.

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By end-users, the global intravascular catheter market is divided into hospitals & clinics, ambulatory surgical centers (ASC), and homecare settings. In 2018, intravascular catheters in hospitals & clinics held a major share in the market. The significant increase in the number of surgeries performed for patients receiving treatment of chronic diseases in hospitals, rising healthcare coverage, growing prevalence of minimally invasive catheter-based surgery are some of the major factors to drive the segmental growth of the market. Ambulatory surgical centers are estimated to exhibit significant growth supported by the fact that surgical procedures are cost-effective in ASC as compared to hospitals.

Market Segmentation

Global Intravascular Catheters Market by Product

o Short Peripheral Intravenous Catheters (PIVC)
o Integrated/Closed PIVC

Global Intravascular Catheters Market by Application

o Cardiology
o Oncology
o Infectious Diseases
o Renal Diseases
o Others

Global Intravascular Catheters Market by End-Users

o Hospitals & Clinics
o Ambulatory Surgical Centers
o Homecare Setting

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