Press release
Sensor-based Smart Catheters Market to Hit $8.6 Billion by 2034, Driven by Rise in Smart Healthcare Devices
Sensor-based Smart Catheters Market
According to the latest research by InsightAce Analytic, the global sensor-based smart catheters market is valued at USD 3.8 Billion in 2024, and it is expected to reach USD 8.6 Billion by the year 2034, with a CAGR of 8.5 % during a forecast period of 2025-2034.
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Smart sensor catheters represent a significant advancement in medical device technology, designed to monitor biochemical changes within the body, particularly variations in pH and acid-base levels. These catheters are utilized for the drainage of bodily fluids, disease management, and the targeted delivery of therapeutic agents during surgical or interventional procedures. Recent developments have facilitated the integration of electronic sensing components into catheter systems, giving rise to next-generation "smart" catheter solutions.
The rising incidence of cardiovascular disorders, coupled with the growing geriatric population, has resulted in an increased demand for interventional procedures, thereby driving the adoption of technologically sophisticated catheter devices. Key industry players are intensifying research and development efforts to improve device performance through automation and the incorporation of biocompatible materials. Silicone has emerged as a preferred material owing to its latex-free composition, which is particularly advantageous for patients with latex sensitivities.
Furthermore, there is an increasing emphasis on the development of bioinspired smart catheter technologies that enhance biocompatibility and functional efficiency. The resurgence of routine, in-person medical consultations following the COVID-19 pandemic has also contributed to a rise in the global utilization of smart sensor catheters, solidifying their importance within contemporary clinical settings.
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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, 2022-2030 (Value US$ Mn)
• Temperature Sensing Foley Catheter
• Pressure Catheter
• Mapping Catheter
• Others
Global Sensor-based Smart Catheters Market, by Catheter Type, 2022-2030 (Value US$ Mn)
• Single Lumen
• Multi Lumen
Global Sensor-based Smart Catheters Market, by Material, 2022-2030 (Value US$ Mn)
• Silicon
• Polytetrafluoroethylene
• Others
Global Sensor-based Smart Catheters Market, by Application, 2022-2030 (Value US$ Mn)
• Cardiovascular
• Urology
• Gynecology
• Neurovascular
• Others
Global Sensor-based Smart Catheters Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Sensor-based Smart Catheters Market, by Country, 2022-2030 (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 2030
Significant investments, mergers & acquisitions in the sensor-based smart catheters market industry
Read Overview Report- https://www.insightaceanalytic.com/report/global-sensor-based-smart-catheters-market/1286
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
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