Key Trends and Insights into the Catheters Market: Growth Rate and Opportunities to 2034
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How has the catheters market size evolved in recent years?
The market size for catheters has exhibited robust growth in the past few years. The market, which was worth $31.65 billion in 2024, is projected to expand to $34.08 billion in 2025, marking a compound annual growth rate (CAGR) of 7.7%. This significant growth during the historical period can be traced back to factors such as the rise in the aging population, an increase in chronic illnesses, the shift towards minimally invasive surgeries, heightened consciousness and treatment of urinary incontinence, along with the expansion of healthcare infrastructure.
What are the predictions for the catheters market size in the coming years?
The market for catheters is projected to witness rapid expansion in the coming years, escalating to $51.72 billion by 2029 with an annual growth rate (CAGR) of 11.0%. Several factors can be attributed to such growth in the projected period including, the rise in telemedicine and remote patient monitoring, emphasis on customized medicine, application of regenerative medicine techniques, accelerated shift towards patient-oriented care, and an increasing focus on sustainable and environmentally-friendly catheter materials. Key trends in the forecast period encompass the incorporation of artificial intelligence (AI) and robotics into catheter-related procedures, progression of sophisticated infection control technologies, advancements in technology, product innovation, and the uptake of the Internet of Things (IoT).
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What key factors are fueling the growth of the catheters market?
The market for catheters is projected to witness rapid expansion in the coming years, escalating to $51.72 billion by 2029 with an annual growth rate (CAGR) of 11.0%. Several factors can be attributed to such growth in the projected period including, the rise in telemedicine and remote patient monitoring, emphasis on customized medicine, application of regenerative medicine techniques, accelerated shift towards patient-oriented care, and an increasing focus on sustainable and environmentally-friendly catheter materials. Key trends in the forecast period encompass the incorporation of artificial intelligence (AI) and robotics into catheter-related procedures, progression of sophisticated infection control technologies, advancements in technology, product innovation, and the uptake of the Internet of Things (IoT).
How is the global catheters market divided into key segments?
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
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Who are the key firms paving the way for growth in the catheters market?
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.
Which trends are expected to transform the catheters market?
Companies in the catheter market are increasingly engaging in strategic partnerships, underlining an emerging trend in this segment. Such collaborations are primarily aimed at bolstering innovation through heightened research and development, leading to the creation of novel products and enhancing market presence. For instance, in April 2022, CEMMA—an advanced medical equipment firm based in China—entered a collaborative agreement with LipoCoat, a Dutch biotech firm specializing in catheter products. The partnership will focus on the joint development of a central venous catheter featuring LipoCoat’s bioinspired coating technology—expected to markedly reduce infection rates in the long run.
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What regions are contributing significantly to the growth of 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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