Catheter Market Size is Projected to Witness 8.8% CAGR in Near Future: P&S Intelligence

Catheter Market Research Report: By Type (Cardiovascular, Urological, Gastrointestinal, Neurovascular, Ophthalmic), Shape (Pigtail, Judkins Left, Judkins Right, Bypass, Amplatz), End User (Hospitals and Ambulatory Surgical Centers, Homecare Settings, Diagnostic Centers)

NEW YORK, June 15, 2020 (GLOBE NEWSWIRE) -- Around the world, the volume of interventional radiology procedures is rising, on account of being less invasive than conventional, open medical procedures, which makes the former popular among patients. Due to this reason, the global catheter market is projected to grow at a CAGR of 8.8% between 2020 and 2030, to reach $36.0 billion by 2030. This is because such procedures involve the insertion of a catheter into a specific part of the body, guided by X-rays, ultrasound, and other imaging modalities. Such medical devices are available in different shapes and sizes, depending upon the interventional radiology procedure they would be used for.

The impact of the ongoing COVID-19 pandemic is expected to be positive for the industry, as the increasing rate of patient hospitalization is leading to the rising demand for catheters. As of June 8, 2020, the COVID-19 case count had exceeded 6.9 million. In such a scenario, the healthcare infrastructure of even the most developed countries has become overburdened and is witnessing a rising requirement for almost all types of medical devices, including catheters.

Catheter Market Segmentation Analysis

The cardiovascular division, on the basis of type, held the largest share in the market during 2014–2019, due to the rising incidence of such diseases around the world. As per the World Health Organization (WHO), heart diseases are the number one cause of global mortality, leading to more than 17.5 million deaths each year. Moreover, owing to the ongoing coronavirus (COVID-19) pandemic, the demand for cardiovascular catheters has significantly risen, according to the Society of Cardiovascular Angiography and Intervention (SCAI) and American College of Cardiology (ACC) Interventional Council.

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In the coming years, the market would experience the fastest growth in the pigtail category, based on shape. This is because pigtail-shaped catheters are smaller, less traumatic, and flexible. In addition, they can be easily inserted and also lead to fewer complications.

Hospitals & ambulatory surgical centers (ASCs) would continue being the largest end users in the catheter market till 2030, owing to the rising incidence of chronic diseases, surging rate of hospitalization, and increasing number of such medical centers around the world. Additionally, as tertiary-level care, with all modern medical devices, is provided at such places, by trained professionals, patients generally prefer these over homecare settings and diagnostic centers.

Browse report overview with 197 tables and 59 figures spread through 253 pages and detailed TOC on "Catheter Market - Global Industry Size, Share and Growth Forecast to 2030” at:

North America is presently the largest procurer of catheters, as the geriatric population here is booming, numerous global market players are present, technologically advanced products find the earliest adoption here, and the regional healthcare infrastructure is the best in the world. The Asia-Pacific (APAC) is expected to experience the highest CAGR in the market during the forecast period, as a result of the advancements in the healthcare technology in Japan, China, and India and lower cost of most medical devices. Further, owing to the low labor and raw material costs, global catheter manufacturers are moving their production base to the APAC region.

Companies Engaging in Mergers and Acquisitions to Consolidate their Position

Mergers and acquisitions have been the most numerous of the strategic developments in the industry, as the players are looking at them as an opportunity to:

  • Enhance their portfolio of catheters for treating cardiac arrhythmias
  • Improve their medical device designing and development capabilities
  • Expand their vascular intervention operations around the world
  • Strengthen their presence in the countries they are operating in
  • Make their services and products available to a larger number of people

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The major players in the global catheter market are Stryker Corporation, Medtronic plc, Nordson Corporation, Johnson & Johnson, ADInstruments Ltd., AngioDynamics Inc., Transonic Systems Inc., Millar Inc., SIMEKS Tıbbi Ürünler San. ve Tic. Ltd. Şti., amg International GmbH, Medinol Ltd., Alvimedica Saglik Ekipmanlari Pazarlama Satis Ve Dagitim A.S., ConvaTec Group PLC, Coloplast A/S, Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Merit Medical Systems Inc., Boston Scientific Corporation, Edwards Lifesciences Corporation, Cook Medical LLC, Hollister Incorporated, Smiths Medical, and Terumo Corporation.

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