$15+ Billion Worldwide Catheters Market (2020 to 2025) - Emerging Economies Present Opportunities
DUBLIN, March 6, 2020 /PRNewswire/ -- The "Catheters Market by Type (Cardiovascular (IVUS Catheter, Guiding Catheter, Balloon Catheter), Urology catheter (Dialysis, Foley, Intermittent Catheter), Intravenous Catheter (Central Venous Catheter)), & End User (Hospital) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global catheters market is projected to reach USD 24.18 billion by 2025 from USD 15.94 billion in 2020, at a CAGR of 8.7%.
Market growth can largely be attributed to factors such as growth in the target patient population and the rising focus on minimally invasive surgical procedures over conventional surgery. However, product failures and recalls, unfavorable taxation policies, and trade barriers are expected to restrain the growth of this market during the forecast period. Emerging countries (such as China, India, South Korea, Brazil, and Mexico) offer significant growth opportunities for market players. This can be attributed to their low regulatory barriers, improvements in healthcare infrastructure, growing patient population, and rising healthcare expenditure.
The cardiovascular catheters segment is expected to dominate the market during the forecast period.
On the basis of type, the catheters market is categorized into cardiovascular catheters, intravenous catheters, urological catheters, specialty catheters, and neurovascular catheters. The cardiovascular catheters segment commanded the largest share of the global catheters market in 2019. This is primarily attributed to factors such as the high incidence of CVD, the growing geriatric population, and increasing awareness regarding early diagnosis.
Central venous catheters segment to dominate and witness the highest growth in the intravenous catheters market.
Based on the type of intravenous catheters, the market is segmented into central venous catheters, peripheral catheters, and midline peripheral catheters. Central venous catheters are estimated to account for the largest share of the intravenous catheters market. This is attributed to the wide applications of central venous catheters and the benefits of long-term access to the central venous system that they provide.
North America will dominate the market during the forecast period.
Geographically, the catheters market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America accounted for the largest share of the catheters market. The large share of this region can be attributed to the large number of target procedures performed in the region, the presence of a well-established healthcare system, and investments by hospitals to upgrade & expand operating capabilities.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Catheters Market: Overview
4.2 Cardiovascular Market, By Type, 2020 Vs. 2025
4.3 Asia Pacific: Market, By End User, 2019
4.4 Market: Geographic Snapshot
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in the Target Patient Population
5.2.1.2 Growing Focus on Minimally Invasive Surgical Procedures
5.2.2 Restraints
5.2.2.1 Taxation and Trade Barriers
5.2.2.2 Infections, Complications, and Availability of Alternatives
5.2.3 Opportunities
5.2.3.1 Emerging Economies
5.2.4 Challenges
5.2.4.1 Complexities Related to Product Development and Manufacturing
5.2.4.2 Product Failures and Recalls
6 Catheters Market, By Type
6.1 Introduction
6.2 Cardiovascular Catheters
6.2.1 Electrophysiology Catheters
6.2.1.1 Electrophysiology Catheters Dominate the Cardiovascular Catheters Market
6.2.2 Angiography Catheters
6.2.2.1 Benefits of Angiography Have Supported the Demand for Related Catheters
6.2.3 Balloon Catheters
6.2.3.1 Demand for Balloon Catheters is Expected to Inflate in the APAC
6.2.4 IVUS/OCT Catheters
6.2.4.1 Penetration of Market Products is Higher in Japan as Compared to the US and Europe
6.2.5 Guiding Catheters
6.2.5.1 Rising Number of Interventional and Angiography Procedures Will Drive Market Growth
6.3 Intravenous Catheters
6.3.1 Central Venous Catheters
6.3.1.1 Peripherally Inserted Central Catheters
6.3.1.1.1 Piccs Dominate the Central Venous Catheters Market
6.3.1.2 Non-Tunneled Central Catheters
6.3.1.2.1 Non-Tunneled Catheters are Mainly Used for Short-Term Access
6.3.1.3 Skin-Tunneled Central Catheters
6.3.1.3.1 Skin-Tunneled Catheters are Used for Long-Term Access and Feature a Low Infection Risk
6.3.1.4 Implantable Ports
6.3.1.4.1 High Convenience and Minimized Risk of Infection has Supported the Adoption of Implantable Ports
6.3.2 Peripheral Catheters
6.3.2.1 Large Usage of These Devices is the Key Driver of Market Growth
6.3.3 Midline Peripheral Catheters
6.3.3.1 The use of Midline Peripheral Catheters has Declined in Recent Years
6.4 Urological Catheters
6.4.1 Urinary Catheters
6.4.1.1 Indwelling/Foley Catheters
6.4.1.1.1 Indwelling/Foley Catheters Dominate the Urinary Catheters Market
6.4.1.2 Intermittent Catheters
6.4.1.2.1 Intermittent Catheters Will Grow at the Highest CAGR During the Forecast Period
6.4.1.3 External Catheters
6.4.1.3.1 Minimized Risk of Damage to the Urethra and Infections Drive the Market for External Catheters
6.4.2 Dialysis Catheters
6.4.2.1 Peritoneal Dialysis Catheters
6.4.2.1.1 Development of New Approaches for Pd Catheter Placement is Driving Their Adoption
6.4.2.2 Hemodialysis Catheters
6.4.2.2.1 Hemodialysis Catheters Can be Used for the Long-Term If Fistulas and Grafts are Unsuccessful
6.5 Specialty Catheters
6.5.1 Pressure & Hemodynamic Monitoring Catheters
6.5.1.1 Benefits Such as Continuous Monitoring Capabilities and a Wide Range of Applications are Driving Segmental Growth
6.5.2 Temperature Monitoring Catheters
6.5.2.1 Accuracy and Need for Vital Sign Monitoring Have Driven Demand for Temperature Monitoring Catheters
6.5.3 Intrauterine Insemination Catheters
6.5.3.1 IUI Catheters are Commonly Used in Infertility Cases and for Sonohysterography
6.5.4 Other Specialty Catheters
6.6 Neurovascular Catheters
6.6.1 Rising Incidence of Neurological Disorders is Driving the Market for Neurovascular Catheters
7 Catheters Market, By End User
7.1 Introduction
7.2 Hospitals
7.2.1 High Patient Inflow and Procedural Volumes Make Hospitals the Largest End Users of Catheters
7.3 Long-Term Care Facilities
7.3.1 Growing Demand for Long-Term Care Supports the Growth of This End-User Segment
7.4 Diagnostic Imaging Centers
7.4.1 Efficiency, Convenience, and Affordability of Imaging Centers Drives the Growth of This End-User Segment
7.5 Other End Users
8 Catheters Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.1.1 The US Dominates the North American Market
8.2.2 Canada
8.2.2.1 Rising Prevalence of Target Diseases Will Drive the Market in Canada
8.3 Europe
8.3.1 Germany
8.3.1.1 Germany Holds the Largest Share of the European Market
8.3.2 France
8.3.2.1 Favorable Government Initiatives Have Supported the Market in France
8.3.3 UK
8.3.3.1 Growth in Chronic Disease Prevalence Will Drive Demand for Catheters in the Country
8.3.4 Italy
8.3.4.1 Increasing Healthcare Expenditure and Investments are Driving the Italian Market
8.3.5 Spain
8.3.5.1 High Cardiovascular Risk and Growing Geriatric Population Will Aid Market Growth
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 Japan Dominates the Asia Pacific Market for Catheters
8.4.2 China
8.4.2.1 Improvements in Healthcare Infrastructure Will Favor Market Growth in China
8.4.3 India
8.4.3.1 Growing Availability of Advanced Surgical Treatments and Techniques Will Favor Market Growth
8.4.4 RoAPAC
8.5 RoW
9 Competitive Landscape
9.1 Overview
9.2 Market Ranking Analysis, 2018
9.3 Competitive Scenario
9.3.1 Partnerships, Agreements, and Collaborations (2017-2019)
9.3.2 Product Launches (2017-2019)
9.3.3 Expansions (2017-2019)
9.3.4 Acquisitions (2017-2019)
9.4 Competitive Leadership Mapping (2019)
9.4.1 Vendor Inclusion Criteria
9.4.2 Visionary Leaders
9.4.3 Innovators
9.4.4 Dynamic Differentiators
9.4.5 Emerging Companies
10 Company Profiles
10.1 Boston Scientific Corporation
10.2 Medtronic
10.3 Becton, Dickinson and Company
10.4 Abbott
10.5 B. Braun Melsungen AG
10.6 ConvaTec Group PLC
10.7 Coloplast Group
10.8 Cook Medical
10.9 Edwards Lifesciences Corporation
10.10 Johnson & Johnson Services
10.11 Merit Medical Systems
10.12 Stryker Corporation
10.13 Terumo Corporation
10.14 Teleflex Incorporated
10.15 Hollister Incorporated
10.16 AMG International GmbH
10.17 Simeks Tibbi rnler
10.18 Alvimedica
10.19 Medinol Ltd
10.20 Amsino International, Inc.
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