Top Market Shifts Transforming the Intravascular Catheters Market Landscape: Key Insights

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What Is the Expected CAGR for the Intravascular Catheters Market Through 2025?
In the recent past, there has been significant growth in the size of the intravascular catheters market. The market is set to increase from a value of $7.51 billion in 2024 to about $8.49 billion in 2025, with a compound annual growth rate (CAGR) projected at 13.1%. The increase recorded during the historical period can be credited to factors such as an expanding elderly population, the surge in prevalence of cardiovascular conditions, the embracing of minimally invasive medical procedures, healthcare digital transformation, and worldwide health initiatives.

What's the Projected Size of the Global Intravascular Catheters Market by 2029?
The market for intravascular catheters is predicted to experience a considerable expansion in the coming years. The market value is anticipated to escalate to $13.78 billion by 2029, with a compound annual growth rate of 12.9%. The upcoming growth is ascribed to the burgeoning prominence of precision medicine, sustainable healthcare services, the sweeping advancement of telemedicine, enhanced patient learning and involvement, along with the escalating utilization of intravascular catheters. Key trends projected during this period are the advent of smart catheters, state-of-the-art navigation systems, the provision of vascular access in pediatrics, deployment of AI-aided catheter placement, and the ongoing advancements in non-invasive catheter procedures.

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Top Growth Drivers in the Intravascular Catheters Industry: What's Accelerating the Market?
The escalating rate of hospital admissions due to the increasing incidence of chronic illnesses is driving the expansion of the intravascular catheters market worldwide. Intravascular catheters, which are widely used to take test samples and deliver fluids, nutrients, and blood during chronic disease treatment, are seeing higher demand due to the global rise in chronic conditions. Fresenius Medical Care, a German healthcare corporation, estimates that the number of chronic kidney failure sufferers will rise from 3.7 million in 2021 to 4.9 million by 2025. Hence, the intravascular catheters market growth is anticipated to be amplified by the surging hospitalization rates stemming from the high occurrence of chronic diseases in the future.

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What Trends Will Shape the Intravascular Catheters Market Through 2029 and Beyond?
Product innovation has become a significant trend in the intravascular catheters market. This trend is being capitalised upon by the major competitors in the industry as they aim to solidify their market standing through the creation of new, technologically advanced products. For example, B. Braun Medical Inc., a medical and pharmaceutical device manufacturer based in Germany, launched the Introcan Safety 2 IV Catheter in July 2022. Their new catheter features a one-time blood control mechanism which drastically reduces the risk of blood exposure and needle-related accidents for clinicians. In another development, Shockwave Medical Inc., a company specialising in the production and sales of medical devices, rolled out the Shockwave M5+ catheter in March 2022. This innovative catheter is specifically designed to treat calcified lesions in harder-to-treat areas such as the iliac, femoral, iliofemoral, popliteal, infra-popliteal, and renal arteries in the lower limbs.

What Are the Main Segments in the Intravascular Catheters Market?
The intravascular catheters market covered in this report is segmented -

1) By Product: Short PIVC, Integrated/Closed PIVC
2) By Application: Oncology, Gastroenterology, Renal Disease, Infectious Diseases, Other Applications
3) By End-Use: Hospitals, Clinics, Ambulatory Surgical Center, Homecare

Subsegments:
1) By Short Peripheral Intravenous Catheters (PIVC): Standard Short PIVC, Safety-Engineered Short PIVC
2) By Integrated Or Closed Peripheral Intravenous Catheters (PIVC): Closed System PIVC, Integrated Catheter Systems With Antimicrobial Properties

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Which Top Companies are Driving Growth in the Intravascular Catheters Market?
Major companies operating in the intravascular catheters market include Cook Group Incorporated, Smiths Medical Inc., Edwards Lifesciences Corporation, Medtronic Inc., Johnson & Johnson, Abbott Laboratories, Boston Scientific Corporation, Cordis Corporation, Koninklijke Philips NV, Terumo Corporation, ACIST Medical Systems Inc., B. Braun Melsungen AG, Teleflex Incorporated, Hollister Incorporated, Coloplast Corp., ConvaTec Inc., Merit Medical Systems Inc., ICU Medical Inc., AngioDynamics Inc., Vygon SA, Becton, Dickinson and Company, C. R. Bard Inc., Teleflex Medical OEM, Nipro Medical Corporation, Argon Medical Devices Inc., Vascular Solutions Inc., Infus Medical (India) Pvt. Ltd., Angiplast Pvt. Ltd., Romsons Scientific & Surgical Pvt. Ltd., Hindustan Syringes & Medical Devices Ltd.

Which Regions Will Dominate the Intravascular Catheters Market Through 2029?
North America was the largest region in the intravascular catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intravascular catheters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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