Catheters Market Prediction $99.30 Billion By 2032 CAGR 7.2%

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, 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 moderate to 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 catheters 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 cardiovascular catheters segment dominated the market in 2023, driven by factors such as the increasing prevalence of cardiovascular diseases, the growing demand for interventional cardiac procedures, and the rising acceptance of cardiac catheters.
  • The double-lumen segment led the market in 2023 and is expected to maintain its dominance due to efficient medication administration, reduced need for vascular punctures, and simultaneous access.
  • North America holds a significant revenue share in the global Catheters market, driven by the presence of renowned healthcare facilities, favorable government regulations, growing public awareness, and a significant number of highly skilled healthcare personnel, all playing a role in fostering this growth.
  • The global key market players include Hollister Incorporated, Medtronic, Boston Scientific Corporation, Edward Lifesciences, Smith Medical Inc., Teleflex Incorporated, ConvaTec Group Plc, Cure Medical LLC, Johnson & Johnson Inc., and Abbott Laboratories.

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

Report Attributes

Details

Market size value in 2024

USD 56.76 billion

Revenue forecast in 2032

USD 99.30 billion

CAGR

7.2% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Product Type, By Lumen, By Material, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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