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Catheter Introducer Sheaths Market Analysis, Top Drivers, Key Players, Segmentation And Forecast To 2033
Catheter Introducer Sheaths Market Trends
According to The Business Research Company's, The catheter introducer sheaths market size has grown strongly in recent years. It will grow from $1.19 billion in 2023 to $1.30 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to demand for improved patient safety, enhanced imaging modalities, demand for vascular access, and feedback from healthcare providers.
The catheter introducer sheaths market size is expected to see rapid growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to expansion of interventional procedures, rise in minimally invasive surgery, aging population, and demand for safety and efficacy. Major trends in the forecast period include clinical research and evidence-based medicines, improvements in imaging technologies, miniaturization and integration, integration with imaging technologies, and value-based healthcare models.
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Market Drivers and Trends:
The increasing prevalence of cardiovascular disease is expected to propel the growth of the catheter introducer sheaths market going forward. Cardiovascular disease (CVD) is a group of conditions affecting the heart and blood vessels. The increasing prevalence of cardiovascular diseases (CVD) is due to aging populations, unhealthy lifestyles, rising obesity rates, socioeconomic factors, and improved detection methods. Catheter introducer sheaths are crucial in managing cardiovascular disease by providing safe and effective access to the heart and blood vessels for diagnostic and interventional procedures. For instance, in May 2023, according to the Centers for Disease Control and Prevention, a US-based governmental organization, the prevalence of coronary heart disease among adults aged 18 and over increased from 4.6% in 2020 to 4.9% in 2021. Therefore, the increasing prevalence of cardiovascular disease is driving the growth of the catheter introducer sheaths market.
Major companies operating in the catheter introducer sheaths market focus on developing innovative technologies, such as the multi-access blood control septum, to enhance procedural efficiency, minimize complications, and improve patient outcomes. A multi-access blood control septum is a specialized technology integrated into catheter introducer sheaths, allowing for multiple access points while providing controlled blood flow. For instance, in October 2023, B. Braun SE, a Germany-based manufacturer of healthcare supplies, launched the Introcan Safety 2 IV Catheter with multi-access blood control, designed to enhance safety for clinicians during IV access. This catheter features a blood control mechanism that reduces the risk of blood exposure every time the hub is accessed, providing automatic protection against needlestick injuries and bloodborne pathogens. Additionally, the catheter features Double Flashback Technology to support first-stick success through quick visual confirmation of successful vessel puncture, making the IV access process more efficient and effective.
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Major Key Players of the Market:
Johnson & Johnson Services Inc., Abbott Laboratories, Medtronic plc, Becton Dickinson and Company, Boston Scientific Corporation, Terumo Corporation, Edwards Lifesciences Corporation, Smiths Medical International Limited, Teleflex Incorporated, Beijing Lepu Medical Technology Co. Ltd., Integer Holdings Corporation, Merit Medical Systems Inc., Penumbra Inc., C. R. Bard Inc., Asahi Intecc Co. Ltd., AngioDynamics Inc., Argon Medical Devices Inc., Cordis Corporation, B. Braun Melsungen AG, Oscor Inc., BrosMed Medical Co. Ltd., Galt Medical Corp., SCITECH Medical Products (Hefei) Co. Ltd., Vascular Solutions Inc., Cook Incorporated
Catheter Introducer Sheaths Market 2024 Key Insights:
• The catheter introducer sheaths market size is expected to see rapid growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
• Growing Burden Of Cardiovascular Disease Enhance Catheter Introducer Market
• Innovative Catheter Technology Enhancing Safety And Efficiency
• North America was the largest region in the catheter introducer sheaths market in 2023
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