Analyzing the Future of Intravascular Catheters Market Dynamics 2025-2034: Growth Rate, Trends, and Major Opportunities
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How has the intravascular catheters market grown over the years?
There has been a significant acceleration in the size of the intravascular catheters market in the last few years. It is projected to increase from $7.51 billion in 2024 up to $8.49 billion in 2025, with a compound annual growth rate (CAGR) of 13.1%. The growth during the historic period is believed to be due to factors such as the surge in the aging population, an uptick in cardiovascular diseases, the uptake of minimally invasive procedures and digitalization of healthcare, and worldwide health initiatives.
What Is the forecasted market size and growth rate for the intravascular catheters market?
In the coming years, the intravascular catheters market size is forecasted to witness a significant growth. Expected to escalate to a value of $13.78 billion by 2029, it will flourish at a compound annual growth rate (CAGR) of 12.9%. The accelerated growth during the forecast period can be ascribed to the development of precision medicine, expansion of telemedicine, patient education and engagement, sustainable healthcare, and the growing use of intravascular catheters. The major trends contributing to the growth during the forecast period involve smart catheters, superior navigation systems, vascular access in pediatrics, advancement in non-invasive catheter procedures and the use of artificial intelligence (AI) in catheter placements.
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What are the major factors driving growth in the intravascular catheters market?
The growth of the intravascular catheters market is being fueled by the escalating rate of hospitalization due to the widespread occurrence of chronic diseases. There’s a global surge in the incidence of long-term illnesses and conditions, for which intravascular catheters are often employed. These tools are utilized for gathering test samples and delivering nutrients, fluids, and blood during the management of chronic diseases. Fresenius Medical Care, a German healthcare firm, estimates that the population of individuals dealing with chronic kidney failure is set to rise from 3.7 million patients in 2021 to 4.9 million by 2025. Hence, it’s expected that the increasing rate of hospitalization due to the high occurrence of chronic diseases will drive the intravascular catheters market expansion in the upcoming years.
What key areas define the segmentation of the global intravascular catheters Market?
The intravascular catheters market covered in this report is segmented –
1) By Product: Short PIVC, Integrated/Closed PIVC
2) By Application: Oncology, Gastroenterology, Renal Disease, Infectious Diseases, Other Applications
3) By End-Use: Hospitals, Clinics, Ambulatory Surgical Center, Homecare
Subsegments:
1) By Short Peripheral Intravenous Catheters (PIVC): Standard Short PIVC, Safety-Engineered Short PIVC
2) By Integrated Or Closed Peripheral Intravenous Catheters (PIVC): Closed System PIVC, Integrated Catheter Systems With Antimicrobial Properties
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What are the top market players propelling the growth of the intravascular catheters industry?
Major companies operating in the intravascular catheters market include Cook Group Incorporated, Smiths Medical Inc., Edwards Lifesciences Corporation, Medtronic Inc., Johnson & Johnson, Abbott Laboratories, Boston Scientific Corporation, Cordis Corporation, Koninklijke Philips NV, Terumo Corporation, ACIST Medical Systems Inc., B. Braun Melsungen AG, Teleflex Incorporated, Hollister Incorporated, Coloplast Corp., ConvaTec Inc., Merit Medical Systems Inc., ICU Medical Inc., AngioDynamics Inc., Vygon SA, Becton, Dickinson and Company, C. R. Bard Inc., Teleflex Medical OEM, Nipro Medical Corporation, Argon Medical Devices Inc., Vascular Solutions Inc., Infus Medical (India) Pvt. Ltd., Angiplast Pvt. Ltd., Romsons Scientific & Surgical Pvt. Ltd., Hindustan Syringes & Medical Devices Ltd.
What are the key trends shaping the future of the intravascular catheters market?
Product innovations are becoming an increasingly prevalent trend in the intravascular catheters market. Major market players are turning their attention towards the creation of innovative, cutting-edge products in order to solidify their place in the market. For example, B. Braun Medical Inc, a German company known for its medical and pharmaceutical manufacturing, launched the Introcan Safety 2 IV Catheter in July 2022. This new product, featuring a one-time blood control mechanism, enhances safety for clinicians by reducing the risks associated with blood exposure and needle stick injuries. Moreover, in March 2022, Shockwave Medical Inc, a company that develops and markets medical devices, launched the Shockwave M5+ catheter. This was specifically designed to address difficult-to-treat calcified lesions found in the lower limb’s iliac, femoral, iliofemoral, popliteal, infra-popliteal, and renal arteries.
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What regions are dominating the intravascular catheters market growth?
North America was the largest region in the intravascular catheters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the intravascular catheters market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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