Top Market Shifts Transforming the Catheters Market Landscape: Key Insights

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What Is the Expected CAGR for the Catheters Market Through 2025?
In recent times, there has been significant growth in the catheters market size. It is projected to increase from $31.65 billion in 2024 to $33.8 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.8%. The historical growth can be credited to factors such as the rise in the aging populace, the frequency of chronic illnesses, a shift towards less invasive surgical methods, a heightened consciousness and treatment for urinary incontinence, and the enlargement of healthcare facilities.

What's the Projected Size of the Global Catheters Market by 2029?
In the upcoming years, the catheters market is projected to experience substantial growth, reaching $50.87 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 10.8%. This expansion throughout the forecasted period can be credited to factors such as the growing implementation of telemedicine and remote patient monitoring, an emphasis on personalized medicine, the use of regenerative medicine techniques, a gradual progression towards patient-centered care, and the increased focus on sustainable and environmentally friendly catheter materials. Key trends shaping the forecast period involve the incorporation of artificial intelligence (AI) and robotic technologies in catheter-related procedures, the progression in advanced infection control technologies, technological leaps forward, product innovation, and the embrace of the Internet of Things (IoT).

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Top Growth Drivers in the Catheters Industry: What's Accelerating the Market?
The increase in cases of cardiovascular issues is likely to spur the catheter market's expansion in the future. The procedure of cardiac catheterization, involving the movement of a catheter through a blood vessel to the heart for improved diagnostic capabilities, is growing in demand due to rising cardiovascular disease prevalence and the consequent heightened demand for cardiovascular therapies. For example, the Centers for Disease Control and Prevention, a national public health agency based in Georgia, reported in May 2024 that heart disease caused 702,880 deaths in 2022, constituting 1 in 5 deaths. That equates to a death from cardiovascular disease every 33 seconds. In the United States each year, around 805,000 individuals suffer heart attacks, with 605,000 of them experiencing their first heart attack and 200,000 of them having prior history of a heart attack. Thus, the escalating occurrence of cardiovascular disorders is fuelling the catheter market's growth during the predicted period.

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What Are the Key Trends Driving Catheters Market Growth?
Joint strategies between businesses are a trending factor that's enhancing interest in the catheter market. Firms operating in the catheter sector are prioritizing these partnerships to broaden their R&D efforts for pioneering products and boost their respective market positions. For example, CEMMA, an advanced medical equipment organization based in China, formed an alliance with LipoCoat in April 2022. This partnership's objective centers around developing a central venous catheter that leverages LipoCoat's inspired coating technology to prevent long-term infections. LipoCoat is a biotech firm from the Netherlands specializing in catheter products.

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

1) By Product: Cardiovascular Catheters, Neurovascular Catheters, Urology Catheters, Intravenous Catheters, Specialty Catheters
2) By Lumen: Single-lumen, Double-lumen, Triple-lumen
3) By End User: Hospitals & Clinics, Ambulatory Surgical Centers

Subsegments:
1) By Cardiovascular Catheters: Angiographic Catheters, Balloon Catheters, Electrophysiology Catheters, Stent Delivery Catheters
2) By Neurovascular Catheters: Microcatheters, Guiding Catheters, Balloon Catheters
3) By Urology Catheters: Foley Catheters, Intermittent Catheters, Suprapubic Catheters
4) By Intravenous Catheters: Peripheral IV Catheters, Central Venous Catheters (CVCs), Peripherally Inserted Central Catheters (PICC)
5) By Specialty Catheters: Dialysis Catheters, Temperature Monitoring Catheters, Gastrostomy Catheters

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Which Top Companies are Driving Growth in the Catheters Market?
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, 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., Olympus Corporation, Penumbra Inc., Siemens Healthineers AG, Smiths Medical Inc.

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

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