Catheters Market Size Worth $99.30 Billion By 2032 | CAGR: 7.2%

The global catheters market size is expected to reach USD 99.30 billion by 2032, according to a new study by Polaris Market Research. The report “Catheters Market Share, Size, Trends, Industry Analysis Report: Information By Product Type (Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters); By Lumen; By Material; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The catheter market is anticipated to grow at a moderately to rapidly high pace, driven by increased investments in research and development, the prevalence of conditions such as urine incontinence, cardiovascular diseases, and neurovascular disorders, and a rise in catheter usage. Additionally, market expansion is fueled by growing awareness among patients and healthcare professionals about the advantages of catheterization in treating various medical conditions.

The catheter market experienced a decline in revenue due to the COVID-19 pandemic, particularly in the first half of 2020. The pandemic led to an increase in illnesses and imposed restrictions on global trade, including the healthcare sector, impacting market growth. The number of patients seeking diagnosis and treatment for cardiovascular diseases and other chronic illnesses decreased significantly as people worldwide avoided hospitals and healthcare facilities. This decrease in patient visits resulted in delays in medical services, including minimally invasive procedures, in many countries. The pandemic also disrupted global supply chains, affecting the manufacturing and distribution of catheter-related medical equipment.

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Manufacturers of catheters utilize advanced materials such as polyurethanes and polycarbonates. These catheters are designed for durability, incorporating sorbostane in their production process, which renders them resistant to various chemicals, including iodine, hydrogen peroxide, and alcohol. Additionally, Durathane catheters are known for their strength and resistance, ensuring prolonged and reliable use for the user. For instance, AngioDynamics' DuraFlow 2 chronic hemodialysis catheter is made from Durathane, a material that combines the benefits of silicone and polyurethane. This material provides the catheter with strength and resistance to various commonly used site care agents. Consequently, the use of advanced materials in catheter production is expected to drive an increase in demand for these products in the future.

Catheters Market Report Highlights

• The specialty catheters segment is projected to grow at the fastest CAGR during the projected period due to ongoing innovations in catheter technology, such as the development of drug-coated balloons, antimicrobial coatings, and catheters with advanced imaging capabilities, enhancing the efficacy and safety of specialty catheters.
• The double-lumen segment accounted for the largest catheter market share in 2023 and is likely to retain its position throughout the forecast period. Using a double-lumen catheter reduces the need for multiple catheter insertions, minimizing patient discomfort, procedural time, and potential complications associated with multiple access points.
• The North American region dominated the global market with the largest market share in 2023. It is expected to maintain its dominance over the anticipated period due to well-developed and advanced healthcare infrastructure with state-of-the-art medical facilities, skilled healthcare professionals, and advanced technologies.
• The global key market players include Abbott Laboratories, B. Braun Melsungen AG, Becton Dickson and Company, Boston Scientific Corporation, ConvaTec Group Plc, Cure Medical LLC, Edward Lifesciences, Hollister Incorporated, Johnson & Johnson Inc., and more.

Polaris Market Research has segmented the catheters market report based on product type, lumen, material, end-use, and region:  

Catheters, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Cardiovascular Catheters
  • PTA Balloon Catheters
  • Electrophysiology Catheters
  • PTCA Balloon Catheters
  • IVUS Catheters
• Urology Catheters
  • Peritoneal Catheters
  • Foley Catheters
  • Intermittent Catheters
  • External Catheters
  • Hemodialysis Catheters
• Intravenous Catheters
  • Central Venous Catheters
  • Midline Peripheral Catheters
  • Peripheral Catheters
• Specialty Catheters
  • Thermodilution Catheters
  • IUI Catheters
  • Wound/Surgical Catheters
  • Oximetry Catheters
• Neurovascular Catheters

Catheters, Lumen Outlook (Revenue - USD Billion, 2019 - 2032)

• Single-Lumen
• Double-Lumen
• Triple-Lumen

Catheters, Material Outlook (Revenue - USD Billion, 2019 - 2032)

• Silicone Catheters
• Polyurethane Catheters
• Latex Catheters
• Others

Catheters, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Hospitals
• Ambulatory Surgical Centers
• Specialty Clinics
• Homecare Settings

Catheters, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Catheters Market Report Scope