Global Catheter Market, By Product Type (Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters), By Distribution Channel (Hospitals & Clinics, Specialty Centers, Ambulatory Surgical Centers, Other
Description
Global Catheter Market, By Product Type (Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters), By Distribution Channel (Hospitals & Clinics, Specialty Centers, Ambulatory Surgical Centers, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)Trend Analysis, Competitive Market Share & Forecast, 2017-2027
Global Catheter Market Growing at a Breakneck Speed: Projected to Grow at a CAGR of 8.8% in the Forecast Period
The global catheter market is growing at a high CAGR because of the increasing burden of various chronic diseases, along with the growing demand for minimally invasive procedures, such as cardiac catheterization for diagnosing and treating medical conditions….
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the global catheter market was worth USD 19.1 billion in 2020. According to the study, the market is estimated to grow at a CAGR of 8.8%, earning revenue of around USD 34.2 billion by the end of 2027. The growth of the global catheter market is attributable to factors, including the increasing burden of various chronic diseases, such as cardiovascular diseases, kidney disease, lung issues, etc. Moreover, the growing demand for minimally invasive procedures, such as cardiac catheterization for diagnosing and treating medical conditions, is also emerging as a crucial driving factor for the global catheter market. Furthermore, a substantial rise in the geriatric population and significant demand for disposable catheters is estimated to contribute to the growth of the global catheter market in the forecast period. The high price competition among players and the risk of infection associated with catheter use may act as major restraints on market growth.
Growing Prevalence of Urological Disorder Driving the Global Catheter Market
The increasing burden of various urological diseases, such as urinary retention, urinary incontinence, pelvic organ prolapses, multiple sclerosis, etc., is emerging as the major driving factor for the global catheter market. Its prevalence is much more common among the geriatric population. Therefore, urinary catheters are generally used by someone unable to hold or release the bladder. Catheterization of the urinary tract is called urinary catheterization, and it reduces the risk of infection and kidney damage by assisting in the flow of urine. As a result, the demand for catheters is witnessing significant growth.
Extensive Research and Development Activities is Estimated to Boost The Global Catheter Market
With significant growth potential and increasing demand, catheter companies and research institutes are investing their time and resources towards research and development(R&D) activities. The R&D activities are focused on improving its application in various medical conditions as well as reducing the risks associated with its use. For instance, a recent study published in the Urology Practice reveals that the use of antimicrobial catheter coatings can decrease the incidence of urinary tract infection (UTI). Such studies expand the scope of catheters and facilitate its market growth.
Global Catheter Market - By Distribution Channel
Based on distribution channels, the global drug delivery devices 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. 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.
Global Catheter Market - Regional Insights
Geographically, the global catheter market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. As a result of an increasing prevalence of chronic diseases and a structured healthcare system, North America accounts for the largest market share. Additionally, the presence of skilled physicians and a growing number of surgical procedures in this region also contribute to the growing demand for catheters in North America. The Asia-Pacific region is projected to witness the highest CAGR during the forecast period. The market is gaining significant traction in this region because of the increasing healthcare expenditure and a growing number of healthcare facilities.
Impact of COVID-19 on Global Catheter Market
The growth of the global catheter market was negatively impacted by the sudden outbreak of the COVID-19 pandemic. The increasing number of COVID-19 patients and imposition of lockdown limited hospital visits for diagnosis and treatment. During the same period, the number of minimally invasive procedures dropped sharply. This resulted in a significant decline in the demand for catheters, negatively affecting the market growth. Despite this, the market is expected to flourish post-COVID-19 due to the use of catheters to deliver therapeutics to COVID-19 patients who are severely or critically ill.
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, with the presence of various industry players offering a wide range of products. 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.
Global Catheter Market Growing at a Breakneck Speed: Projected to Grow at a CAGR of 8.8% in the Forecast Period
The global catheter market is growing at a high CAGR because of the increasing burden of various chronic diseases, along with the growing demand for minimally invasive procedures, such as cardiac catheterization for diagnosing and treating medical conditions….
A recent study, conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the global catheter market was worth USD 19.1 billion in 2020. According to the study, the market is estimated to grow at a CAGR of 8.8%, earning revenue of around USD 34.2 billion by the end of 2027. The growth of the global catheter market is attributable to factors, including the increasing burden of various chronic diseases, such as cardiovascular diseases, kidney disease, lung issues, etc. Moreover, the growing demand for minimally invasive procedures, such as cardiac catheterization for diagnosing and treating medical conditions, is also emerging as a crucial driving factor for the global catheter market. Furthermore, a substantial rise in the geriatric population and significant demand for disposable catheters is estimated to contribute to the growth of the global catheter market in the forecast period. The high price competition among players and the risk of infection associated with catheter use may act as major restraints on market growth.
Growing Prevalence of Urological Disorder Driving the Global Catheter Market
The increasing burden of various urological diseases, such as urinary retention, urinary incontinence, pelvic organ prolapses, multiple sclerosis, etc., is emerging as the major driving factor for the global catheter market. Its prevalence is much more common among the geriatric population. Therefore, urinary catheters are generally used by someone unable to hold or release the bladder. Catheterization of the urinary tract is called urinary catheterization, and it reduces the risk of infection and kidney damage by assisting in the flow of urine. As a result, the demand for catheters is witnessing significant growth.
Extensive Research and Development Activities is Estimated to Boost The Global Catheter Market
With significant growth potential and increasing demand, catheter companies and research institutes are investing their time and resources towards research and development(R&D) activities. The R&D activities are focused on improving its application in various medical conditions as well as reducing the risks associated with its use. For instance, a recent study published in the Urology Practice reveals that the use of antimicrobial catheter coatings can decrease the incidence of urinary tract infection (UTI). Such studies expand the scope of catheters and facilitate its market growth.
Global Catheter Market - By Distribution Channel
Based on distribution channels, the global drug delivery devices 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. 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.
Global Catheter Market - Regional Insights
Geographically, the global catheter market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. As a result of an increasing prevalence of chronic diseases and a structured healthcare system, North America accounts for the largest market share. Additionally, the presence of skilled physicians and a growing number of surgical procedures in this region also contribute to the growing demand for catheters in North America. The Asia-Pacific region is projected to witness the highest CAGR during the forecast period. The market is gaining significant traction in this region because of the increasing healthcare expenditure and a growing number of healthcare facilities.
Impact of COVID-19 on Global Catheter Market
The growth of the global catheter market was negatively impacted by the sudden outbreak of the COVID-19 pandemic. The increasing number of COVID-19 patients and imposition of lockdown limited hospital visits for diagnosis and treatment. During the same period, the number of minimally invasive procedures dropped sharply. This resulted in a significant decline in the demand for catheters, negatively affecting the market growth. Despite this, the market is expected to flourish post-COVID-19 due to the use of catheters to deliver therapeutics to COVID-19 patients who are severely or critically ill.
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, with the presence of various industry players offering a wide range of products. 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.
Table of Contents
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Key Market Segments
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.2. Methodology
- 2.3. Regional Split of Primary & Secondary Research
- 2.4. Secondary Research
- 2.5. Primary Research
- 2.5.1. Breakdown of Primary Research Respondents, By Region
- 2.5.2. Breakdown of Primary Research Respondents, By Industry Participants
- 2.6. Market Size Estimation
- 2.7. Assumptions for the Study
- 2.8. Market Breakdown & Data Triangulation
- 3. Executive Summary
- 4. Industry Insight and Growth Strategy
- 4.1. Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Market Drivers
- 4.2.1.1. Increasing Prevalence Of Chronic Illnesses
- 4.2.1.2. Growing Demand For Various Surgical Procedures
- 4.2.2. Market Restraints
- 4.2.2.1. High Risk Of Infections Through Catheters
- 4.2.3. Market Challenges
- 4.2.3.1. Negative Impact of the COVID-19 Pandemic
- 4.2.4. Market Opportunity
- 4.2.4.1. Growing Prevalence of Urological Disorder
- 4.2.4.2. Extensive Research and Development Activities
- 4.3. Recent Developments
- 4.4. Porter’s Five Forces Analysis
- 4.4.1. Bargaining Power of Buyers
- 4.4.2. Bargaining Power of Suppliers
- 4.4.3. Intensity of Rivalry
- 4.4.4. Threat of New Entrants
- 4.4.5. Threat of Substitutes
- 5. Global Catheter Market Overview
- 5.1. Market Size & Forecast by Value, 2017-2027
- 5.2. Market Size and Forecast, By Segment
- 5.2.1. By Product Type
- 5.2.1.1. Cardiovascular Catheters
- 5.2.1.1.1. Electrophysiology Catheters
- 5.2.1.1.2. PTCA Balloon Catheters
- 5.2.1.1.3. IVUS Catheters
- 5.2.1.1.4. PTA Balloon Catheters
- 5.2.1.2. Urology Catheters
- 5.2.1.2.1. Hemodialysis Catheters
- 5.2.1.2.2. Peritoneal Catheters
- 5.2.1.2.3. Foley Catheters
- 5.2.1.2.4. Intermittent Catheters
- 5.2.1.2.5. External Catheters
- 5.2.1.3. Intravenous Catheters
- 5.2.1.3.1. Peripheral Catheters
- 5.2.1.3.2. Midline Peripheral Catheters
- 5.2.1.3.3. Central Venous Catheters
- 5.2.1.4. Neurovascular Catheters
- 5.2.1.5. Specialty Catheters
- 5.2.1.5.1. Wound/Surgical Catheters
- 5.2.1.5.2. Oximetry Catheters
- 5.2.1.5.3. Thermodilution Catheters
- 5.2.1.5.4. IUI Catheters
- 5.2.2. By Distribution Channel
- 5.2.2.1. Hospitals & Clinics
- 5.2.2.2. Specialty Centers
- 5.2.2.3. Ambulatory Surgical Centers
- 5.2.2.4. Others
- 5.2.2.4.1. Diagnostic Imaging Centers
- 5.2.2.4.2. Online Stores
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia-Pacific
- 5.2.3.4. Latin America
- 5.2.3.5. Middle East & Africa
- 6. North America Catheter Market Overview
- 6.1. Market Size and Forecast
- 6.1.1. By Value (USD Billion), 2020-2027
- 6.2. Market Share and Forecast
- 6.2.1. By Product Type
- 6.2.2. By Distribution Channel
- 6.2.3. By Country
- 6.2.3.1. U.S.
- 6.2.3.2. Canada
- 7. Europe Catheter Market Overview
- 7.1. Market Size and Forecast
- 7.1.1. By Value (USD Billion), 2020-2027
- 7.2. Market Share and Forecast
- 7.2.1. By Product Type
- 7.2.2. By Distribution Channel
- 7.2.3. By Country
- 7.2.3.1. Germany
- 7.2.3.2. U.K.
- 7.2.3.3. Russia
- 7.2.3.4. France
- 7.2.3.5. Italy
- 7.2.3.6. Spain
- 7.2.3.7. Rest of Europe
- 8. APAC Catheter Market Overview
- 8.1. Market Size and Forecast
- 8.1.1. By Value (USD Billion), 2020-2027
- 8.2. Market Share and Forecast
- 8.2.1. By Product Type
- 8.2.2. By Distribution Channel
- 8.2.3. By Country
- 8.2.3.1. China
- 8.2.3.2. India
- 8.2.3.3. Japan
- 8.2.3.4. South Korea
- 8.2.3.5. Rest of APAC
- 9. LATAM Catheter Market Overview
- 9.1. Market Size and Forecast
- 9.1.1. By Value (USD Billion), 2020-2027
- 9.2. Market Share and Forecast
- 9.2.1. By Product Type
- 9.2.2. By Distribution Channel
- 9.2.3. By Country
- 9.2.3.1. Mexico
- 9.2.3.2. Brazil
- 9.2.3.3. Rest of LATAM
- 10. MEA Catheter Market Overview
- 10.1. Market Size and Forecast
- 10.1.1. By Value (USD Billion), 2020-2027
- 10.2. Market Share and Forecast
- 10.3. By Product Type
- 10.4. By Distribution Channel
- 10.5. By Country
- 10.5.1. Saudi Arabia
- 10.5.2. UAE
- 10.5.3. South Africa
- 10.5.4. Rest of MEA
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis (2020)
- 11.3. 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) *
- 13.1. Abbott Laboratories
- 13.2. Medtronic plc
- 13.3. Becton, Dickinson and Company
- 13.4. B. Braun
- 13.5. Boston Scientific Corporation
- 13.6. ConvaTec Group plc
- 13.7. Coloplast Group
- 13.8. Terumo Corporation
- 13.9. Teleflex Incorporated
- 13.10. Johnson & Johnson Services Inc.
- 13.11. Edwards Lifesciences Corporation
- 13.12. Stryker Corporation
- 13.13. Merit Medical, Systems, Inc.
- 13.14. Smith Medical Inc.
- 13.15. Cook Medical
- 13.16. Wellspect Healthcare
- 13.17. Manfred Sauer
- 13.18. Hollister Incorporated
- 13.19. 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
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