Press release
2025 Intravascular Catheters Industry Trends Report: Long-Term Outlook Through 2034
Intravascular Catheters
How Large Will the Intravascular Catheters Market Size By 2025?
There has been swift expansion in the intravascular catheters market in the recent past. The market, which was worth $7.51 billion in 2024, is projected to surge to $8.42 billion in 2025, representing a compound annual growth rate (CAGR) of 12.2%. The historical growth experienced in this market is linked to the growth in the elderly population, escalation of cardiovascular diseases, the uptake of less invasive procedures, digitalization in healthcare, and global health strategies.
How Big Is the Intravascular Catheters Market Size Expected to Grow by 2029?
Anticipated to expand significantly in the forthcoming years, the intravascular catheters market is projected to reach a worth of $13.58 billion in 2029 with a compound annual growth rate (CAGR) of 12.7%. The escalated growth during the forecast period can be traced back to the proliferation of precision medicine, development of sustainable healthcare, broadening of telemedicine, patient learning and participation, coupled with the heightened utilization of intravascular catheters. The forecast period is set to witness major trends like intelligent catheters, sophisticated navigation systems, vascular access in the realm of pediatrics, application of artificial intelligence (AI) in catheter placement, and progress being made in non-invasive catheter procedures.
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Which Key Market Drivers Powering Intravascular Catheters Market Expansion and Growth?
The escalating incidences of hospitalization due to increasing cases of chronic illnesses are fueling the growth of the intravascular catheters market. Chronic illnesses are being increasingly recognized worldwide. Chronic diseases often necessitate the use of intravascular catheters to carry out various procedures that include drawing samples for testing and administering fluids, nutrients, and blood. The prominent German healthcare company, Fresenius Medical Care, projects that the number of chronic kidney failure patients will surge from 3.7 million in 2021 to 4.9 million by 2025. Hence, the ever-rising hospitalization rates due to a higher documentation of chronic diseases are anticipated to stoke the growth of the intravascular catheters market in the near future.
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What Are the Key Trends Driving Intravascular Catheters Market Growth?
Product advancements are becoming a significant trend within the intravascular catheters market. Major entities in this market are prioritizing the development of innovative products with enhanced features to consolidate their market standing. For example, B. Braun Medical Inc., a German enterprise known for manufacturing medical and pharmaceutical devices, launched the Introcan Safety 2 IV Catheter in July 2022. This product, designed for a single use, makes IV access much safer for medical practitioners by reducing the risk of exposure to blood and injuries from needle sticks. Additionally, in March 2022, Shockwave Medical Inc., a company that designs and sells medical equipment, unveiled the Shockwave M5+ catheter, which is primarily designed to address calcified lesions in different arteries in the lower limbs, which are otherwise challenging to treat.
What Are the Emerging 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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Who Are the Global Leaders 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 are the Top Profitable Regional Markets for the Intravascular Catheters Industry?
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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