Press release
Epidural Catheter Market Size Forecasted To Achieve $58.4 Billion By 2029 With Steady Growth
Epidural Catheter
What Is the Epidural Catheter Market Size and Projected Growth Rate?
The epidural catheter market size has grown exponentially in recent years. It will grow from $11.45 billion in 2024 to $15.9 billion in 2025 at a compound annual growth rate (CAGR) of 38.8%. The growth in the historic period can be attributed to increasing product demand, increased adoption of epidural catheters, a rise in the number of births per woman, and an increasing prevalence of diseases.
The epidural catheter market is projected to experience significant growth, reaching $58.4 billion by 2029, with a compound annual growth rate (CAGR) of 38.4%. This growth is primarily driven by the rising prevalence of cardiovascular diseases, expanding healthcare sectors, increasing chronic pain cases, more labor complications, and greater use of single-dose epidurals. Major trends in the forecast period include product innovation, advancements in healthcare infrastructure, technological progress, and strategic partnerships.
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What Are the Major Segments in the Epidural Catheter Market?
The epidural catheter market covered in this report is segmented -
1) By Type: Continuous Epidural Catheter, Single Dose Epidural Catheter
2) By Material: Polyurethane, Silicon, Latex
3) By Application: Hospitals, Clinics, Other Applications
4) By End User: Adults, Pediatric, Geriatric
Subsegments
1) By Continuous Epidural Tray: Adult Continuous Epidural Tray, Pediatric Continuous Epidural Tray
2) By Single Dose Epidural Tray: Adult Single Dose Epidural Tray, Pediatric Single Dose Epidural Tray
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What Are The Driving Epidural Catheter Market Evolution?
The increasing number of surgeries is also expected to fuel the growth of the epidural catheters market. Surgeries are medical procedures that use instruments to treat injuries or conditions by making incisions to diagnose and address issues. The rise in surgeries is driven by factors such as technological advancements, increased access to healthcare, an aging population, and the evolution of surgical techniques that lead to safer, more effective treatments. Epidural catheters provide targeted, adjustable pain relief, significantly enhancing surgical outcomes and patient comfort. They allow for continuous infusion or patient-controlled analgesia, offering flexibility in pain management. For instance, according to the International Society of Aesthetic Plastic Surgery's report in September 2023, plastic surgeons performed over 14.9 million surgical and 18.8 million non-surgical procedures in 2022, marking an 11.2% rise. Hence, the growing number of surgeries is boosting the epidural catheter market.
Which Firms Dominate The Epidural Catheter Market Segments?
Major companies operating in the epidural catheter market are Becton Dickinson and Company, Stryker Corporation, Medline Industries LP, B. Braun, Smiths Group, Cook Group Incorporated, Teleflex Incorporated, Halyard Health, Vygon SAS, Argon Medical Devices Inc., Galt Medical Corporation, Biçakcilar AS, sfm medical devices GmbH, Pacific Hospital Supply, GBUK Group Limited, PAJUNK Medical Produkte GmbH, Flexicare Medical Ltd., Epimed International Inc., EPIMED REVENUE, Ace Medical Technology, Edges Medicare Pvt. Ltd.
What Trends Are Driving Growth in The Epidural Catheter Market?
Major firms functioning in the epidural catheters industry are prioritizing investments in the production of these catheters to improve biocompatibility, simplify the insertion process, and develop technologies to mitigate complication risks. The drive for these advancements is the mounting demand for more efficacious and safe pain management solutions in numerous areas of medicine, such as anesthesiology and chronic pain management. For example, in May 2023, Oakville Medical, a medical firm based in Canada, gained backing from Canadian Hospital Specialties Limited, a Canadian hospital supplied with a financial boost of $775,000 from the Ontario Together Fund of the province, for investing above $1.5 million in the manufacturing of the epidural catheters predominantly used in childbirth for administering pain relief medications. This capital influx is part of a larger investment exceeding $1.5 million to enhance CHS's manufacturing capacity, specifically for the production of epidural catheters.
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Which Is The Largest Region In The Epidural Catheter Market?
North America was the largest region in the epidural catheter market in 2023. The regions covered in the epidural catheter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Epidural Catheter Market?
2. What is the CAGR expected in the Epidural Catheter Market?
3. What Are the Key Innovations Transforming the Epidural Catheter Industry?
4. Which Region Is Leading the Epidural Catheter Market?
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