Pediatric Catheter Market Forecast and Insights: Exploring Growth Trends, Market Size, and Emerging Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of thePediatric Catheter Market?
The growing adoption of minimally invasive surgeries is anticipated to drive the growth of the pediatric catheter market. MIS techniques, which reduce incisions and promote faster recovery, are enhancing pediatric catheter use by reducing pain, shortening hospital stays, and ensuring quicker recovery. For instance, according to The Aesthetic Society, Americans spent over $11.8 billion on minimally invasive surgeries in August 2023, a 2% increase from 2022. This trend supports the pediatric catheter market’s expansion.
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#How Does the ProjectedPediatric Catheter Market Growth Compare Over the Forecast Period?
The pediatric catheter market has grown strongly. It is forecasted to grow from $6.98 billion in 2024 to $7.64 billion in 2025, with a CAGR of 9.5%. Key growth factors included higher incidence of pediatric conditions, greater awareness, preference for non-invasive treatments, healthcare improvements, and a shift toward home-based care.
The pediatric catheter market is expected to reach $10.89 billion by 2029, growing at a CAGR of 9.3%. Growth is driven by the rising prevalence of pediatric diseases, healthcare expenditure, and chronic disease prevalence. Key trends include catheterization technique advancements, digital health integration, sustainable materials, and virtual consultations.
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What Are the Current Market Growth and Trends in thePediatric Catheter Market That Industry Players Should Watch?
In the pediatric catheter market, companies are focusing on developing innovative cardiac cryoablation catheters for safe and effective therapy. These catheters treat conditions like atrial fibrillation by freezing heart tissue and preventing electrical transmission. In February 2022, Medtronic plc, a US-based medical device company, received FDA approval for its Freezor and Freezor Xtra catheters for treating pediatric atrioventricular nodal reentrant tachycardia (AVNRT), offering effective, minimally invasive treatment options.
What Are the Major Market Players Making an Impact on thePediatric Catheter Market Growth?
Major companies operating in the pediatric catheter market are Cardinal Health, Abbott Laboratories, Medtronic Plc, Becton, Dickinson and Company, Stryker Corporation, Medline Industries LP., B. Braun SE, Olympus Corporation, Edwards Lifesciences Corporation, Coloplast Corp., Cook Medical, Getinge AB, ICU Medical Inc., Convatec Inc., Lepu Medical Technology(Beijing) Co. Ltd., Merit Medical Systems, Vygon SAS, AngioDynamics Inc., pfm medical gmbh, Avanos Medical Inc., 180 Medical Inc., Romsons Group, Flexicare Medical Ltd., Medical Components Inc., Well Lead Medical Co. Ltd.
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How Are the Key Segments of the Pediatric Catheter Market Driving Opportunities and Innovations?
The pediatric catheter market covered in this report is segmented –
1) By Product Type: Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters, Other Types
2) By Lumen: Single Lumen, Double Lumen, Triple Lumen
3) By End User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Cardiovascular Catheters: Balloon Catheters, Guide Catheters, Diagnostic Catheters
2) By Urology Catheters: Urinary Catheters, Urethral Catheters, Nephrostomy Catheters
3) By Intravenous Catheters: Peripheral IV Catheters, Central Venous Catheters (CVC), Peripherally Inserted Central Catheters (PICC)
4) By Neurovascular Catheters: Microcatheters, Guidewires For Neurovascular Procedures, Balloon Angioplasty Catheters
5) By Specialty Catheters: Biopsy Catheters, Dialysis Catheters, Hemodialysis Catheters
6) By Other Types: Catheters For Endoscopic Procedures, Respiratory Catheters, Surgical Drainage Catheters
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of thePediatric Catheter Market?# Market Expansion?
North America was the largest region in the pediatric catheter market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pediatric catheter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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