Global Catheters Market size to surpass $ 79 Bn by 2025

December 23, 2019


According to a study titles “Catheters Market Size By Product (Vascular Catheters {Cardiovascular Catheters [Electrophysiology Catheters (EP Ablation {Radiofrequency, Lasers}, EP Diagnostics {Fixed, Steerable, Advanced}), PTCA Balloon Catheters, IVUS Catheters, PTA Balloon Catheters], Neurovascular Catheters}, Urology Catheters {Dialysis Catheters [Hemodialysis Catheters, Peritoneal Catheters], Urinary Catheters `[Indwelling Catheters, Intermittent Catheters, External Catheters]}, Intravenous Catheters {Midline Peripheral Catheters, Peripherally Inserted Central Catheters, Central Venous Catheters}, Specialty Catheters {Wound Catheters, Oximetry Catheters, Thermodilution Catheters}), By Lumen (Single-Lumen, Double-Lumen, Triple-Lumen), By End-use (Hospital & Clinics, Specialty Centers, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025”, the global catheters market size is anticipated to cross USD 79 billion by 2025.
 

A catheter, in medical terms, is basically a flexible hollow tube that is used to drain fluids from the patient’s body. Occasionally, it is also used to enlarge body passages. In recent times, the prevalence of cardiovascular & urological disorders has increased at an alarming rate worldwide. This has prompted a surge in the demand for catheter-based procedures, which is likely to augment catheters market share in the years to come.
 

The global catheters market trends are also likely to be defined by technological advancements in the medical fraternity. Developments in catherization along the likes of flexibility, extended instrument capability, and precise lesions are expected to fuel the industry growth over the projected timeframe. Of late, new, innovative products such as navigation-enabled ablation catheters, especially for the electrophysiology process have come to the fore. There has also been an increase in the adoption of advanced catheter technologies such as hydrophilic, pro slit covered tip, etc., which will further define the global catheters market outlook.
 

Hospitals & clinics end-use segment is expected to hold over 32% of catheters market share by 2025, in terms of revenue. This lucrative growth can eb credited to the myriad technological advancements in tandem with the availability of numerous reimbursement policies in hospitals. The presence of a sophisticated healthcare infrastructure, especially in developed nations, alongside the availability of advanced treatments will also drive catheters market size from hospitals & clinics end-use segment.
 

In terms of the lumen segment, the report claims that double-lumen based catheters market size will grow at a CAGR of 11.5% through 2025. The anticipated double-digit growth rate can be credited to the fact that dual lumen catheter have two channels – one for the removal of fluids and one for the injection.
 

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Regionally speaking, U.S. is anticipated to emerge as a vital contributor for catheters market. As per the report, U.S. catheters market size was worth USD 11.9 billion in 2018, driven by the rising deployment of non-invasive surgical procedures. In the years ahead, U.S. catheters market share is anticipated to surge significantly on account of the rising demand for advanced medical treatments and the growing healthcare expenditure.
 

Some of the players partaking in catheters market share include Boston Scientific Corporation, Edwards Life Sciences Corporation, Coloplast, Stryker Corporation, Teleflex, Abbott Laboratories, Hollister Incorporated, and B Braun.


Frequently Asked Questions (FAQ) :

In recent times, the prevalence of cardiovascular & urological disorders has increased at an alarming rate worldwide. This has prompted a surge in the demand for catheter-based procedures, which is likely to augment catheters market share in the years to come. The global catheters market trends are also likely to be defined by technological advancements in the medical fraternity. Developments in catherization along the likes of flexibility, extended instrument capability, and precise lesions are expected to fuel the industry growth over the projected timeframe.
Regionally speaking, U.S. is anticipated to emerge as a vital contributor for catheters market. As per the report, U.S. catheters market size was worth an appreciable valuation in 2018, driven by the rising deployment of non-invasive surgical procedures. In the years ahead, U.S. catheters market share is anticipated to surge significantly on account of the rising demand for advanced medical treatments and the growing healthcare expenditure.
In terms of the lumen segment, the report claims that double-lumen based catheters market size will grow at an appreciable CAGR through 2025. The anticipated growth rate can be credited to the fact that dual lumen catheter have two channels – one for the removal of fluids and one for the injection.
Hospitals & clinics end-use segment is expected to hold a significant market share by 2025, in terms of revenue. This lucrative growth can eb credited to the myriad technological advancements in tandem with the availability of numerous reimbursement policies in hospitals. The presence of a sophisticated healthcare infrastructure, especially in developed nations, alongside the availability of advanced treatments will also drive catheters market size from hospitals & clinics end-use segment.
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