Report Overview

Global Catheter Market- Industry Trends & Forecast Report 2027

The global catheter market was worth USD 19.1 billion in 2020 and is further projected to reach USD 34.2 billion by the year 2027, growing at a CAGR of 8.8% during the forecast period. The growth of the market can be attributed to the increasing prevalence of various chronic health conditions, such as cardiovascular diseases, urinary incontinence, urinary retention, etc., along with the growing demand for surgeries. Furthermore, various medical advances and research surrounding catheters are anticipated to fuel the global catheter market growth during the forecast period.

Source: BlueWeave Consulting

Global Catheter Market- Overview

A catheter is a thin flexible tube that is used for treating various health conditions such as cardiovascular, urological, gastrointestinal, neurovascular, etc. Urinary catheters are hollow, soft tubes that are inserted into the bladder for the purpose of draining urine. Catheters are needed by people who, due to medical conditions, are not able to empty their bladders naturally. Catheters are made from many different materials, and they can stay in place for weeks. Catheters can also be inserted into duct, brain, skin, etc., either temporarily or permanently. This insertion process is known as catheterization.

Global Catheter Market Forecast and Trends

Growth Drivers

Increasing Prevalence of Chronic Illnesses

Due to the increasing aging population and other environmental factors, chronic illnesses such as cardiovascular, gastrointestinal, urological, and ophthalmic diseases are on the rise. Due to its application during the treatment of chronic diseases, catheter demand is expected to increase in the forecast period. For instance, cardiac catheterization is performed to diagnose or treat certain heart conditions such as clogged arteries or arrhythmia. Catheters are also prominently used during neurological surgeries.

Growing Demand for Various Surgical Procedures

The growing demand for catheters around the world is largely due to an increased number of surgical procedures resulting from improving healthcare infrastructure and favorable reimbursement policies. Patients under anesthesia are frequently placed on urinary catheters during surgical procedures to keep the bladder empty throughout the process. It is also used for the administration of anesthetic medication. According to the National Health Statistics Report, an estimated 48.3 million surgical procedures are performed in the United States. With an increasing rate of invasive and non-invasive surgeries, the global catheters are anticipated to proliferate during the forecast period.

Restraints

High Risk of Infections Through Catheters

The catheters are inserted into various parts of the body either temporarily or permanently. However, any foreign object injected inside the body carries the risk of infection. According to the United Kingdom Health Service, urinary catheters allow a way for bacteria to enter the body. This can cause infection in the urethra, bladder, or sometimes in the kidneys. These kinds of infections are called urinary tract infections (UTIs). Thus, the risk of infections may discourage patients from using catheters, affecting the market growth.

Impact of COVID-19 on Global Catheter Market

The unprecedented COVID-19 pandemic negatively impacted the growth of the global catheters market. During the pandemic, catheter demand dropped sharply as a result of the limitations on hospital visits, which reduced diagnosis and treatment during the outbreak. In an effort to ensure the safety of the healthcare workers and the patients, all elective surgeries involving catheterization were also immediately postponed. In addition, catheter accessibility was negatively affected by the obstructions in mobility and distribution channels. Consequently, manufacturers resorted to online sales channels that are predicted to recover the market during the post-COVID-19 period.

Global Catheter Market - By Product Type

Based on product types, the global catheter market is categorized into cardiovascular catheters, urology catheters, intravenous catheters, neurovascular catheters, and specialty catheters. Among these, the urology catheters segment holds the largest market share. This segment is further classified into hemodialysis catheters, peritoneal catheters, foley catheters, intermittent catheters, and external catheters. Urinary catheters are used to drain the bladder in cases of urinary incontinence or urinary retention. With the increasing prevalence of urological diseases across the globe, the demand for urology catheters is anticipated to surge during the forecast period.

Global Catheter Market - By Distribution Channel

Based on distribution channels, the global catheter market is categorized into hospitals & clinics, specialty centers, ambulatory surgical centers, and others (such as diagnostic imaging centers, online stores, etc). Among these, the hospitals & clinics segment accounts for the largest market share because of the increasing number of in-patient treatment and surgical procedures conducted in hospitals and clinics. Due to this, the hospital pharmacy is considered the most convenient distribution channel for catheters. On the other hand, the online store segment is anticipated to register substantial growth during the forecast period owing to the easy availability of catheters on online pharmacies, such as Amazon Pharmacy, Walgreens, etc.

Global Catheter Market - Regional Insights

Geographically, the global catheter market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, North America dominates the market because of the developed healthcare infrastructure and favorable reimbursement policies. The increasing number of surgical procedures in the country due to the rising prevalence of various medical conditions is also propelling the demand for catheters in North America. On the other hand, the Asia-Pacific is also expected to grow as a potential market for catheters as a result of flourishing medical tourism and increasing investments in healthcare development.

Global Catheter Market - Competitive Landscape

The leading players in the global catheter market are Abbott Laboratories, Medtronic plc, Becton, Dickinson and Company, B. Braun, Boston Scientific Corporation, ConvaTec Group plc, Coloplast Group, Terumo Corporation, Teleflex Incorporated, Johnson & Johnson Services Inc., Edwards Lifesciences Corporation, Stryker Corporation, Merit Medical, Systems, Inc., Smith Medical Inc., and other prominent players.

The market is highly fragmented, due to the presence of various industry players offering a wide array of catheters. The companies extensively invest in R&D activities and focus on improving their distribution channels to gain a competitive edge. Additionally, these companies launch products in new markets to expand their consumer base and revenue. In addition, the market is also characterized by the use of competitive strategies, such as partnerships, mergers, acquisitions, joint ventures, etc.

Recent Developments

• In November 2021, Aytu BioPharma, a US-based pharmaceutical company, announced to have received a US patent for the Healight ultraviolet-A light-based respiratory catheter from the US Patent and Trademark Office.
• In November 2021, The Flume Catheter Company Ltd., a UK-based medical device company, announced to have received clearance from the US Food and Drug Administration (FDA) to market the FLUME catheter in the United States.

Scope of the Report

By Product Type

• Cardiovascular Catheters

1. Electrophysiology Catheters
2. PTCA Balloon Catheters
3. IVUS Catheters
4. PTA Balloon Catheters

• Urology Catheters

1. Hemodialysis Catheters
2. Peritoneal Catheters
3. Foley Catheters
4. Intermittent Catheters
5. External Catheters

• Intravenous Catheters

1. Peripheral Catheters
2. Midline Peripheral Catheters
3. Central Venous Catheters

• Neurovascular Catheters
• Specialty Catheters

1. Wound/Surgical Catheters
2. Oximetry Catheters
3. Thermodilution Catheters
4. IUI Catheters

By Distribution Channel

• Hospitals & Clinics
• Specialty Centers
• Ambulatory Surgical Centers
• Others

1. Diagnostic Imaging Centers
2. Online Stores

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Key Market Segments
2. Research Methodology
   1. Qualitative Research
   2. Methodology
   3. Regional Split of Primary & Secondary Research
   4. Secondary Research
   5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
   6. Market Size Estimation
   7. Assumptions for the Study
   8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
   1. Value Chain Analysis
   2. DROC Analysis
      1. Market Drivers
         1. Increasing Prevalence Of Chronic Illnesses
         2. Growing Demand For Various Surgical Procedures
      2. Market Restraints
         1. High Risk Of Infections Through Catheters
      3. Market Challenges
         1. Negative Impact of the COVID-19 Pandemic
      4. Market Opportunity
         1. Growing Prevalence of Urological Disorder
         2. Extensive Research and Development Activities
   3. Recent Developments
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
5. Global Catheter Market Overview
   1. Market Size & Forecast by Value, 2017-2027
   2. Market Size and Forecast, By Segment
      1. By Product Type
         1. Cardiovascular Catheters
            1. Electrophysiology Catheters
            2. PTCA Balloon Catheters
            3. IVUS Catheters
            4. PTA Balloon Catheters
         2. Urology Catheters
            1. Hemodialysis Catheters
            2. Peritoneal Catheters
            3. Foley Catheters
            4. Intermittent Catheters
            5. External Catheters
         3. Intravenous Catheters
            1. Peripheral Catheters
            2. Midline Peripheral Catheters
            3. Central Venous Catheters
         4. Neurovascular Catheters
         5. Specialty Catheters
            1. Wound/Surgical Catheters
            2. Oximetry Catheters
            3. Thermodilution Catheters
            4. IUI Catheters
      2. By Distribution Channel
         1. Hospitals & Clinics
         2. Specialty Centers
         3. Ambulatory Surgical Centers
         4. Others
            1. Diagnostic Imaging Centers
            2. Online Stores
      3. By Region
         1. North America
         2. Europe
         3. Asia-Pacific
         4. Latin America
         5. Middle East & Africa
6. North America Catheter Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Product Type
      2. By Distribution Channel
      3. By Country
         1. U.S.
         2. Canada
7. Europe Catheter Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Product Type
      2. By Distribution Channel
      3. By Country
         1. Germany
         2. U.K.
         3. Russia
         4. France
         5. Italy
         6. Spain
         7. Rest of Europe
8. APAC Catheter Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Product Type
      2. By Distribution Channel
      3. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of APAC
9. LATAM Catheter Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
   2. Market Share and Forecast
      1. By Product Type
      2. By Distribution Channel
      3. By Country
         1. Mexico
         2. Brazil
         3. Rest of LATAM
10. MEA Catheter Market Overview
    1. Market Size and Forecast
       1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Product Type
    4. By Distribution Channel
    5. By Country
       1. Saudi Arabia
       2. UAE
       3. South Africa
       4. Rest of MEA
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking By Operating Parameters
12. Impact of COVID-19 on Global Catheter Market
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Abbott Laboratories
    2. Medtronic plc
    3. Becton, Dickinson and Company
    4. B. Braun
    5. Boston Scientific Corporation
    6. ConvaTec Group plc
    7. Coloplast Group
    8. Terumo Corporation
    9. Teleflex Incorporated
    10. Johnson & Johnson Services Inc.
    11. Edwards Lifesciences Corporation
    12. Stryker Corporation
    13. Merit Medical, Systems, Inc.
    14. Smith Medical Inc.
    15. Cook Medical
    16. Wellspect Healthcare
    17. Manfred Sauer
    18. Hollister Incorporated
    19. Other Prominent Players
14. Key Strategic Recommendations

List of Figures

Figure 1: Global Catheter Market Segmentation

Figure 2: Global Catheter Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2020

Figure 4: Global Catheter Market Size, By Value (USD Billion), 2017-2027

Figure 5: Global Catheter Market Share (%), By Product Type, By Value, 2017-2027

Figure 6: Global Catheter Market Share (%), By Distribution Channel, By Value, 2017-2027

Figure 7: Global Catheter Market Share (%), By Region, By Value, 2017-2027

Figure 8: North America Catheter Market Size, By Value (USD Billion), 2017-2027

Figure 9: North America Catheter Market Share (%), By Product Type, By Value, 2017-2027

Figure 10: North America Catheter Market Share (%), By Distribution Channel, By Value, 2017-2027

Figure 11: North America Catheter Market Share (%), By Country, By Value, 2017-2027

Figure 12: Europe Catheter Market Size, By Value (USD Billion), 2017-2027

Figure 13: Europe Catheter Market Share (%), By Product Type, By Value, 2017-2027

Figure 14: Europe Catheter Market Share (%), By Distribution Channel, By Value, 2017-2027

Figure 15: Europe Catheter Market Share (%), By Country, By Value, 2017-2027

Figure 16: the Asia-Pacific Catheter Market Size, By Value (USD Billion), 2017-2027

Figure 17: the Asia-Pacific Catheter Market Share (%), By Product Type, By Value, 2017-2027

Figure 18: the Asia-Pacific Catheter Market Share (%), By Distribution Channel, By Value, 2017-2027

Figure 19: Asia-Pacific Catheter Market Share (%), By Country, By Value, 2017-2027

Figure 20: Latin America Catheter Market Size, By Value (USD Billion), 2017-2027

Figure 21: Latin America Catheter Market Share (%), By Product Type, By Value, 2017-2027

Figure 22: Latin America Catheter Market Share (%), By Distribution Channel, By Value, 2017-2027

Figure 23: Latin America Catheter Market Share (%), By Country, By Value, 2017-2027

Figure 24: Middle East & Africa Catheter Market Size, By Value (USD Billion), 2017-2027

Figure 25: Middle East & Africa Catheter Market Share (%), By Product Type, By Value, 2017-2027

Figure 26: Middle East & Africa Catheter Market Share (%), By Distribution Channel, By Value, 2017-2027

Figure 27: Middle East & Africa Catheter Market Share (%), By Region, By Value, 2017-2027

List of Tables

Table 1: Global Catheter Market Size, By Product Type, By Value, 2017-2027

Table 2: Global Catheter Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

Table 3: Global Catheter Market Size, By Region, By Value (USD Billion), 2017-2027

Table 4: North America Catheter Market Size, By Product Type, By Value (USD Billion), 2017-2027

Table 5: North America Catheter Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

Table 6: North America Catheter Market Size, By Country, By Value (USD Billion), 2017-2027

Table 7: Europe Catheter Market Size, By Product Type, By Value (USD Billion), 2017-2027

Table 8: Europe Catheter Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

Table 9: Europe Catheter Market Size, By Country, By Value (USD Billion), 2017-2027

Table 10: the Asia-Pacific Catheter Market Size, By Product Type, By Value (USD Billion), 2017-2027

Table 11: the Asia-Pacific Catheter Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

Table 12: the Asia-Pacific Catheter Market Size, By Country, By Value (USD Billion), 2017-2027

Table 13: Latin America Catheter Market Size, By Product Type, By Value (USD Billion), 2017-2027

Table 14: Latin America Catheter Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

Table 15: Latin America Catheter Market Size, By Country, By Value (USD Billion), 2017-2027

Table 16: The Middle-East & Africa Catheter Market Size, By Product Type, By Value (USD Billion), 2017-2027

Table 17: The Middle-East & Africa Catheter Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

Table 18: The Middle-East & Africa Catheter Market Size, By Country, By Value (USD Billion), 2017-2027

Table 19: Abbott Laboratories Financial Analysis

Table 20: Abbott Laboratories Business Overview

Table 21: Medtronic plc Financial Analysis

Table 22: Medtronic plc Business Overview

Table 23: Becton, Dickinson and Company Corporation Financial Analysis

Table 24: Becton, Dickinson and Company Corporation Business Overview

Table 25: B. Braun Financial Analysis

Table 26: B. Braun Business Overview

Table 27: Boston Scientific Corporation Financial Analysis

Table 28: Boston Scientific Corporation Business Overview

Table 29: ConvaTec Group plc Financial Analysis

Table 30: ConvaTec Group plc Business Overview

Table 31: Coloplast Group Financial Analysis

Table 32: Coloplast Group Business Overview

Table 33: Terumo Corporation Financial Analysis

Table 34: Terumo Corporation Business Overview

Table 35: Teleflex Incorporated Financial Analysis

Table 36: Teleflex Incorporated Business Overview

Table 37: Stryker Corporation Services Inc. Financial Analysis

Table 38: Stryker Corporation Services Inc. Business Overview

Table 39: Edwards Lifesciences Corporation Financial Analysis

Table 40: Edwards Lifesciences Corporation Financial Analysis

Table 41: Stryker Corporation Financial Analysis

Table 42: Stryker Corporation Financial Analysis

Table 43: Merit Medical, Systems, Inc. Financial Analysis

Table 44: Merit Medical, Systems, Inc. Financial Analysis

Table 45: Smith Medical Inc. Financial Analysis

Table 46: Smith Medical Inc. Financial Analysis

Table 47: Cook Medical Financial Analysis

Table 48: Cook Medical Financial Analysis

Table 49: Wellspect Healthcare Financial Analysis

Table 50: Wellspect Healthcare Financial Analysis

Table 51: Manfred Sauer Financial Analysis

Table 52: Manfred Sauer Financial Analysis

Table 53: Hollister Incorporated Financial Analysis

Table 54: Hollister Incorporated Financial Analysis