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What Is the Forecast for the Catheters Market from 2024 to 2025?

The market for catheters has seen robust expansion in recent years. The market is set to rise from $31.65 billion in 2024 to $34.08 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. The escalation witnessed in the past period is due to factors such as a rising elderly population, the high incidence of chronic illnesses, a trend towards less invasive surgical techniques, heightened understanding and management of urinary incontinence, and the growth of healthcare structures.

What Is the Projected Market Size of the Catheters Market?

The market size for catheters is predicted to see a fast-paced expansion in the coming years, projected to reach $51.72 billion in 2029 with a compound annual growth rate (CAGR) of 11.0%. The projected growth during this forecast period could be due to an increased uptake of telemedicine and remote patient care, a move towards personalised medicine, the usage of regenerative medical methods, a noticeable shift to patient-centred care, and an increased focus on creating sustainable and environmentally-friendly catheter materials. Significant trends expected to occur during this period include the incorporation of artificial intelligence (AI) and robotics into catheter-based procedures, the creation of advanced infection management technologies, technological progress, product innovation, and the increased use of the Internet of Things (IoT).

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Who are the Major Competitors in the Catheters Market Outlook?

Major companies operating in the catheters market include Boston Scientific Corporation, Coloplast A/S, ConvaTec Group Plc, Edwards Lifesciences Corporation, Hollister Incorporated, Johnson & Johnson, Medtronic Plc, B. Braun Melsungen AG, Terumo Corporation, Lumend Corporation, Acist Medical Systems Inc., Cook Medical Inc., Becton Dickinson and Company, Stryker Corporation, Merit Medical Systems Inc., Abbott Laboratories, Manfred Sauer GmbH, Koninklijke Philips N.V., Teleflex Incorporated, C. R. Bard Inc., Vascular Solutions Inc., Cordis Corporation, Rochester Medical Corporation, Navilyst Medical Inc., AngioDynamics Inc., Cardinal Health Inc., Olympus Corporation, Penumbra Inc., Siemens Healthineers AG, Smiths Medical Inc.

What Is Fueling Growth in the Catheters Market?

The escalating incidence of heart-related ailments is likely to accelerate the expansion of the catheters market. Cardiac catheterization, a procedure involving the insertion of a catheter through a blood vessel to the heart for a more accurate disease diagnosis, is seeing higher demand due to the growing cases of cardiovascular conditions. The necessity for more effective cardiovascular treatments further stimulates the demand for catheters. For instance, the Centers for Disease Control and Prevention, a Georgia-based national public health agency, reported in May 2024 that heart disease led to 702,880 deaths in 2022, equivalent to one in every five deaths. This implies that every 33 seconds, there is one casualty from heart disease. Each year, roughly 805,000 Americans suffer a heart attack, with 605,000 experiencing it for the first time, and 200,000 individuals are repeat victims. Thus, the escalating incidence of cardiovascular disorders is projected to propel the catheter market’s growth in the estimated future.

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Which Catheters Market Segments Are Growing the Fastest?

The catheters market covered in this report is segmented –

1) By Product: Cardiovascular Catheters, Neurovascular Catheters, Urology Catheters, Intravenous Catheters, Specialty Catheters

2) By Lumen: Single-lumen, Double-lumen, Triple-lumen

3) By End User: Hospitals & Clinics, Ambulatory Surgical Centers

Subsegments:

1) By Cardiovascular Catheters: Angiographic Catheters, Balloon Catheters, Electrophysiology Catheters, Stent Delivery Catheters

2) By Neurovascular Catheters: Microcatheters, Guiding Catheters, Balloon Catheters

3) By Urology Catheters: Foley Catheters, Intermittent Catheters, Suprapubic Catheters

4) By Intravenous Catheters: Peripheral IV Catheters, Central Venous Catheters (CVCs), Peripherally Inserted Central Catheters (PICC)

5) By Specialty Catheters: Dialysis Catheters, Temperature Monitoring Catheters, Gastrostomy Catheters

Which Industry Trends Are Shaping the Future of the Catheters Market?

There is a rising trend in the catheter market of forming strategic partnerships among companies. To amplify their research and development operations for innovative product creation and boost their respective market shares, business entities in this market are focusing on these alliances. As an example, CEMMA, an advanced medical device firm from China, formed a partnership with LipoCoat in April 2022. The primary objective of this collaboration is to co-develop a central venous catheter incorporating LipoCoat’s bioinspired coating technology for long-term infection containment. LipoCoat is a biotech company from the Netherlands that supplies catheter products.

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Which Countries Are Leading the Catheters Market?

North America was the largest region in the catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the catheters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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This Report Delivers Insight On:

1. How big is the catheters market, and how is it changing globally?

2. Who are the major companies in the catheters market, and how are they performing?

3. What are the key opportunities and risks in the catheters market right now?

4. Which products or customer segments are growing the most in the catheters market?

5. What factors are helping or slowing down the growth of the catheters market?

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