The global catheter market size was valued at USD 33.83 billion in 2023, driven by the rising instances of diabetes, cardiovascular disorders (CVDs), urological disorders, end-stage renal disease (ESRD), and other chronic conditions caused by a sedentary lifestyle. The market is anticipated to grow at a CAGR of 7.4% during the forecast period 2024-2032 to reach a value of USD 64.32 billion by 2032.
Base Year
Historical Year
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The industry has a range of catheters, including cardiovascular catheters, neurovascular catheters, urinary catheters, intravenous catheters, and catheters of specialty. Cardiovascular is the most commonly used catheters among these catheters. The key factors driving the growth of the cardiovascular catheter market are the high incidences of cardiovascular diseases and the development of unique and improved cardiovascular catheters. Novel materials such as external male catheters have proven to be a profitable addition to the catheter market.
Catheters are thin tubes made of medical material such as plastic, silicon rubber, polyvinyl chloride (PVC), and nylon that are inserted for therapeutic and diagnostic purposes into the patient's body particularly the bladder, for removing fluid. Catheterization is a main co-procedure conducted with a variety of other medical processes, including angioplasty, cardiac electrophysiology, and others.
Market Breakup by Product
Market Breakup by Model of Delivery
Market Breakup by Region
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The growth of the catheter market has been fuelled by the increasing prevalence of chronic disorders leading to hospitalization. The presence of multi-national manufacturers, the improvement in medical facilities, and supporting insurance policies are some of the crucial drivers of the catheter market growth. The catheter market growth is driven by the rising instances of diabetes, cardiovascular disorders (CVDs), urological disorders, end-stage renal disease (ESRD), and other chronic conditions caused by a sedentary lifestyle.
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The increasing amount of surgeries owing to the increasing chronic disease instances is anticipated to boost the demand for catheters, which will further drive the catheter market growth. The increasing product awareness has also increased its demand. Further, it is expected that a growing number of mid-scale catheter manufacturers are gaining a higher market share, which will promote the catheter market growth. The increase in the funding for R&D by various government agencies and manufacturers of medical devices will boost the growth of the catheter market. However, the need for intensive capital to develop advanced equipment may hinder the growth of the catheter market.
The report presents a detailed analysis of the following key players in the global catheter market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the catheter market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global catheter market reached a value of USD 33.83 billion in 2023.
The market is projected to grow at a CAGR of 7.4% during the forecast period of 2024-2032 to reach a value of USD 64.32 billion by 2032.
The major industry drivers are high incidences of cardiovascular diseases and the development of unique and improved cardiovascular catheters.
The key trends in the market are increasing prevalence of chronic disorders leading to hospitalization, presence of multi-national manufacturers, the improvement in medical facilities, and supporting insurance policies.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Cardiovascular catheter is the dominant type in the industry.
The major players in the industry are Abbott Laboratories [NYSE: ABT], B. Braun Melsungen AG, Becton, Dickinson and Company, Boston Scientific Corporation, Johnson & Johnson, Edwards Lifesciences Corporation, and Teleflex Incorporated, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Model of Delivery |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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