Catheters Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Boston Scientific Corporation, Coloplast A/S, ConvaTec Group Plc, Edwards Lifesciences Corporation, Hollister Incorporated

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2190

The Business Research Company offers in-depth market insights through Catheters Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The catheters market size has grown strongly in recent years. It will grow from $29.97 billion in 2023 to $32.5 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to the increasing aging population, prevalence of chronic diseases, shift toward minimally invasive surgical procedures, increased awareness and treatment of urinary incontinence, and expansion of healthcare infrastructure..

The catheters market size is expected to see strong growth in the next few years. It will grow to $46.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to increased use of telemedicine and remote patient monitoring, focus on personalized medicine, utilization of regenerative medicine techniques, increasing shift towards patient-centric care, and growing emphasis on sustainable and eco-friendly catheter materials. Major trends in the forecast period include integration of artificial intelligence (ai) and robotics in catheter-based procedures, development of advanced infection control technologies, technological advancements, product innovations, and adoption of iot.

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Market Segmentation:
The main types of catheters include cardiovascular, neurovascular, urology, intravenous, and specialty catheters. The cardiovascular catheter market consists of sales of catheters by entities (organizations, sole traders, and partnerships) that refer to the catheters that are used for cardiac purposes. Catheters are available in three variations: single-lumen, double-lumen, and triple-lumen; and are used in hospitals, clinics, and ambulatory surgical centers.

Major Driver - Rising Prevalence Of Cardiovascular Disorders
The rising prevalence of cardiovascular disorders is expected to propel the growth of the catheters market going forward. Cardiac catheterization is a process in which a catheter is moved through a blood vessel to the heart for a better diagnosis of health conditions. The increase in the prevalence of cardiovascular diseases and the growing demand for cardiovascular treatment are expected to increase the demand for catheters. For instance, according to the May 2023 report from Center for Disease Control and Prevention, an US-based national public health agency, in 2021, the percentage of all deaths caused by heart disease was 15.5% for American Indian or Alaska Native, 18.6% for Asian, 22.6% for Black (Non-Hispanic), 18.3% for Native Hawaiian or Other Pacific Islander, 18.0% for White (Non-Hispanic), and 11.9% for Hispanic. Moreover, according to the report, approximately 697,000 people in the US died from heart disease in 2021, which converted to almost 1 in 5 deaths. Therefore, the rising prevalence of cardiovascular disorder drives the catheter market growth during forecast period.

Competitive Landscape:
Major companies operating in the catheters market include Boston Scientific Corporation, Coloplast A/S, ConvaTec Group Plc, Edwards Lifesciences Corporation, Hollister Incorporated, Johnson & Johnson, Medtronic Plc, B. Braun Melsungen AG, Terumo Corporation, Lumend Corporation, Covidien Ag, Acist Medical Systems Inc., Cook Medical Inc., Becton Dickinson and Company, Stryker Corporation, Merit Medical Systems Inc., Abbott Laboratories, Manfred Sauer GmbH, Koninklijke Philips N.V., Teleflex Incorporated, C. R. Bard Inc., Vascular Solutions Inc., Cordis Corporation, Rochester Medical Corporation, Navilyst Medical Inc., AngioDynamics Inc., Cardinal Health Inc., Fujifilm Holdings Corporation, Olympus Corporation, Penumbra Inc., Philips Healthcare, Siemens Healthineers AG, Smiths Medical Inc.

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Top Trend - Strategic Collaborations Among Market Players
Strategic collaborations between companies are a key trend that is gaining popularity in the catheter market. Companies in the catheter market are focusing on strategic collaborations to expand their research and development activities for innovative products and improve their market share in their respective markets. For instance, in April 2022, CEMMA, a China-based advanced medical equipment company, collaborated with LipoCoat. The collaboration aims at co-creation of a central venous catheter using the bioinspired LipoCoat coating technology for long-term infection prevention. LipoCoat is a Dutch biotech company that provides catheter products.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Catheters Market Characteristics
3. Catheters Market Trends And Strategies
4. Catheters Market - Macro Economic Scenario
5. Catheters Market Size And Growth
…..
27. Catheters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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