How is the Pediatric Catheter Market Poised for Growth: Trends and Opportunities Through 2034
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How has the pediatric catheter market grown in recent years?
In recent years, the pediatric catheter market has experienced significant growth. It is projected to expand from $6.98 billion in 2024 to $7.64 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.5%. This growth during the historic period can be linked to factors like the rising occurrence of pediatric ailments, heightened awareness among healthcare professionals and parents, a growing inclination towards minimally invasive procedures, improvements in healthcare facilities, and an increasing preference for medical care at home.
How is the pediatric catheter market size expected to evolve during the forecast period?
The pediatric catheter market is poised for substantial expansion in the coming years, with market size projections reaching $10.89 billion in 2029 with a compound annual growth rate (CAGR) of approximately 9.3%. The projected growth during this forecast period can be credited to an upward trend in pediatric diseases, higher healthcare spending, increased occurrences of chronic illness, escalation in ambulatory surgical centers, a growing focus on maintaining environmentally friendly and sustainable practices, and a surge in pediatric neurological conditions. The forecast period also brings key trends including advanced technology breakthroughs, adaptability of innovative catheterization practices, the incorporation of digital healthcare technology, using environmentally conscious materials, the broadening of pediatric catheter distribution networks, and the rising trend of virtual consultations.
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Which key drivers are propelling the pediatric catheter market’s growth?
The pediatric catheter market’s growth is projected to be boosted by the increasing prevalence of minimally invasive surgeries. Minimally invasive surgery (MIS), which reduces the amount of cutting through skin and tissues by utilizing techniques that cause as little damage as possible during treatments, is in high demand. This demand is due to the benefits of quicker recovery periods, less pain, and minimal scarring associated with MIS. The use of pediatric catheters is enhanced by minimally invasive surgery as it provides less invasive access for insertion, reduces pain, shortens hospital stays, and accelerates recovery time. For example, the Aesthetic Society, a U.S. organization devoted solely to aesthetic plastic surgery and cosmetic medicine for the face and body, revealed that in August 2023, Americans spent over $11.8 billion on minimally invasive surgeries (aesthetic procedures), a 2% increase from the previous year. Therefore, the surge in minimally invasive surgeries is stimulating growth in the pediatric catheter market.
What are the market segments in the pediatric catheter industry?
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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Which leading companies are shaping the growth of the pediatric catheter market?
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.
Which trends are expected to transform the pediatric catheter market?
Leading firms in the pediatric catheter market are concentrating on the creation of cutting-edge cardiac cryoablation catheters. These novel inventions aim to offer a secure and effective focal cryoablation therapy, thus creating a significant therapeutic alternative for children suffering from cardiac conditions. Cardiac cryoablation catheters are specialized healthcare tools used for cryoablation procedures aimed at treating conditions such as atrial fibrillation. The purpose of these catheters is to generate focal lesions through freezing cardiac tissue to inhibit undesired electrical transmission and manage arrhythmias. For example, in February 2022, Medtronic plc, a prominent US medical devices company, secured the approval of the US Food and Drug Administration (FDA) for its Freezor and Freezor Xtra cardiac cryoablation focal catheters. This approval was for the treatment of pediatric atrioventricular nodal reentrant tachycardia (AVNRT). These catheters are designed to freeze cardiac tissue to cut-off unnecessary electrical signals within the heart, providing a primary treatment solution for AVNRT. This solution is showing high effectiveness rates with minimal side effects.
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Which geographic areas are influencing the growth of the pediatric catheter market?
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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