Press release
Sensor-based Smart Catheters Market Analysis Report 2023
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According to the latest research by InsightAce Analytic, the global sensor-based smart catheters market is valued at US$ 3.83 Billion in 2021, and it is expected to reach US$ 9.08 Billion by 2031, with a CAGR of 9.7% during a forecast period of 2023-2031.
A smart sensor catheter can identify chemical alterations in the pH or acid-base environment nearby. A catheter is a piece of medical equipment put into the body to permit physiological fluids to exit for therapeutic or disease management purposes or to provide medications during surgery. Manufacturers of catheters have started incorporating electronic sensing capabilities into their products, resulting in "sensing" catheters.
An increase in the prevalence of cardiovascular diseases and a rise in the number of older adults have caused an increase in interventional procedures. This has fueled the demand for sophisticated catheters. Leading companies in the market for sensor-based smart catheters are investing more in research and development for advanced automated technology and biocompatible materials.
Since it contains no latex and is favoured by patients with latex allergies, silicon quickly replaces other materials as the material of choice. Therefore, every component of the sensor-based smart catheter should draw inspiration from biology. Since the COVID-19 pandemic's peak, there has been an increase in office visits by patients. This will probably increase sales in the market for sensor-based smart catheters globally.
North America is anticipated to be the major contributor to the sensor-based smart catheters market over the forecast years. This growth can be attributed to increased public knowledge of urinary infections, the accessibility of highly qualified physicians, and established medical institutions in the area.
In addition, the Asia Pacific sensor-based smart catheters market is expected to grow significantly during the forecast period due to the region's expanding elderly population and improving the healthcare system. The market in the area is increasing due to the presence of a significant patient base with kidney and cardiovascular problems, as well as better medical facilities.
Major market players operating in the Sensor-based Smart Catheters market include
Dickinson and Company, Biometrix, Medtronic plc, AD Instruments, UroDev Medical, Abbott Laboratories, ICU Medical, Inc., B. Braun Melsungen AG, Johnson & Johnson Services, Inc., Teleflex Incorporated, Becton, Asid Bonz GmbH, Bactiguard AB, COOK Medical, Laborie, Medline Industries, ZOLL Medical Corporation, TE ConnectivityOther prominent players.
Recent collaborations and agreements in the market:
In February 2022, In a business announcement, Teleflex stated that the U.S. Food and Drug Administration had granted a more extended indication for using their speciality catheters and coronary guidewires in chronic total occlusion percutaneous coronary interventions (CTO PCI).
In October 2020, Thermocool Smart touched SF Ablation Catheter from Biosense Webster, Inc. and was approved by the FDA for use by Johnson & Johnson Services, Inc. (persistent AF).
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Market Segments
Global Sensor-based Smart Catheters Market, by Product Type, 2023-2031 (Value US$ Mn)
· Temperature Sensing Foley Catheter
Pressure Catheter
Mapping Catheter
Others
Global Sensor-based Smart Catheters Market, by Catheter Type, 2023-2031 (Value US$ Mn)
Single Lumen
Multi Lumen
Global Sensor-based Smart Catheters Market, by Material, 2023-2031 (Value US$ Mn)
Silicon
Polytetrafluoroethylene
Others
Global Sensor-based Smart Catheters Market, by Application, 2023-2031 (Value US$ Mn)
Cardiovascular
Urology
Gynecology
Neurovascular
Others
Global Sensor-based Smart Catheters Market, by Region, 2023-2031 (Value US$ Mn)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America Sensor-based Smart Catheters Market, by Country, 2023-2031 (Value US$ Mn)
U.S.
Canada
Europe Sensor-based Smart Catheters Market, by Country, 2023-2031 (Value US$ Mn)
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific Sensor-based Smart Catheters Market, by Country, 2023-2031 (Value US$ Mn)
India
China
Japan
South Korea
Australia & New Zealand
Latin America Sensor-based Smart Catheters Market, by Country, 2023-2031 (Value US$ Mn)
Brazil
Mexico
Rest of Latin America
Middle East & Africa Sensor-based Smart Catheters Market, by Country, 2023-2031 (Value US$ Mn)
GCC Countries
South Africa
Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global sensor-based smart catheters market
To receive an industry overview and future trends of the sensor-based smart catheters market
To analyze the sensor-based smart catheters market drivers and challenges
To get information on the Sensor-based Smart Catheters market value (US$Mn) forecast to 2031
Significant investments, mergers & acquisitions in the sensor-based smart catheters market industry
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