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Analyzing the Growth Rate of the Catheters Market: What’s the Expected CAGR for the Next Decade?

The size of the catheters market has seen robust growth in the recent past. The market value is projected to rise from $31.65 billion in 2024 to $34.08 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.7%. Factors contributing to this growth during the previous periods include the rise in the elderly population, an increase in chronic disease incidence, a gradual shift towards less invasive surgical procedures, heightened knowledge and treatment of urinary incontinence, and the broadening of healthcare infrastructure.

The market for catheters is predicted to experience swift expansion in the coming years. It is set to increase to $51.72 billion by 2029, with a compound annual growth rate (CAGR) of 11.0%.Promoting this growth over the forecast period are factors such as the rising application of telemedicine and monitoring of remote patients, an emphasis on individualized medicine, the application of regenerative medicine practices, a growing shift towards patient-focused care, and an increased focus on using catheter materials that are sustainable and environmentally friendly. Forecast period trends include the incorporation of artificial intelligence (AI) and robotics in catheter procedures, the creation of sophisticated infection control technologies, technological progress, product innovation, and the adoption of the Internet of Things (IoT).

What Major Innovations Are Driving the Accelerated Growth of the catheters Market?

As the incidence of cardiovascular diseases increases, it’s predicted to drive the growth of the catheter market. The procedure of cardiac catheterization involves navigating a catheter through a blood vessel to the heart, enhancing the diagnosis of health conditions. The escalating prevalence of cardiovascular ailments, along with a surge in demand for their treatment, is anticipated to boost the demand for catheters. The Centers for Disease Control and Prevention revealed in May 2024, for example, that heart disease was the cause of 702,880 deaths in 2022, representing 1 in every 5 fatalities. Consequently, every 33 seconds, one individual passes away from cardiovascular disease in the U.S. Each year, around 805,000 American individuals suffer a heart attack; of these, 605,000 are first-time victims, and 200,000 have had a heart attack before. Thus, this upswing in cardiovascular disease incidence is expected to stimulate the catheter market during the projected period.

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What Are the Leading Organizations Impacting the Catheters Market’s Growth?

Major companies operating in the catheters market include:

• Boston Scientific Corporation_x000D_

• Coloplast A/S_x000D_

• ConvaTec Group Plc_x000D_

• Edwards Lifesciences Corporation_x000D_

• Hollister Incorporated_x000D_

What Are the Most Prominent Trends Driving Change in the Catheters Market?

Strategic partnerships among companies are becoming a dominant trend in the catheter market. Firms in the catheter sector are centering on such collaborations in order to bolster their research and development efforts for pioneering products and to bolster their respective market positions. For instance, in April 2022, CEMMA (an advanced medical equipment firm based in China) entered into a partnership with LipoCoat. The cooperation is geared towards the mutual development of a central venous catheter employing LipoCoat’s bioinspired coating technology, which is intended for prolonged infection prevention. LipoCoat is a Dutch biotech firm offering catheter products.

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What Major Market Segments Define the Scope and Growth of the Catheters Market?

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

What Regions Are Leading the Charge in 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.

What Key Parameters Define the Catheters Market’s Scope?

A catheter is a medical device that is used to remove urine or other liquids from the body. The catheters are used for different medical purposes, such as the administration of fluids, medications, or gases, or to drain fluids or urine from the body.

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