The Global Catheter Market Size was valued nearly USD 35.1 billion in 2017 and is estimated to reach up to USD XX.XX billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 10.9% during the forecast period, i.e. 2017-2025. Catheter is a thin tube which is a medical material serving a broad range of functions. Catheters can be inserted into a body cavity, duct, or vessel. Functionally, they allow drainage, administration of fluids or gases, access by surgical instruments, and also perform a wide variety of other tasks depending on the type of catheter. The process of inserting a catheter is "catheterization". In most uses, a catheter is a thin, flexible tube though catheters are available in varying levels of stiffness depending on the application.

Global Catheter Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global study report analysis offers in-depth insights, revenue details, and other vital information regarding the global catheters market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global catheters market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Market Dynamics

Catheter market is estimated to grow at a CAGR of 10.9% from 2017-2025. The market is expected to grow at a faster pace during the forecast period.  The Catheter market is primarily driven by the rising geriatric population, and rising prevalence of various chronic diseases in the elderly population. Additionally, rising national concerns for the development of medical infrastructure in the developing countries, and continuous technological advancement in the catheter market to also fuel the market growth in the coming years.

Furthermore, rising awareness for the about the high efficiency, greater convenience, and sensor-based mapping will boost the demand for such devices. Prominent industry players are focusing on development of innovative technologies. Moreover, increasing demand for minimally invasive surgeries will upsurge the catheters market size during the forecast timeframe.

Segment Analysis 

Based on the product type, the Catheter market is segmented as Cardiovascular, Urology, Intravenous, Neurovascular, and Specialty Catheters. Cardiovascular catheters to dominate the market owning to the growing prevalence of cardiovascular diseases worldwide. Wide range of application of cardiovascular catheters in invasive as well as minimally invasive surgical procedures will augment the demand. For instance, Arctic Front Cryocatheter and Freezor MAX Cardiac CryoAblation catheter is widely used in combination for the treatment of endocardial treatment.                 

Based the end use, the Catheter market is segmented Hospital, and Ambulatory Surgical Centers. Hospital segment to dominate the market owing to the increase in the number of surgeries being performed at hospitals, availability of advanced healthcare facilities and presence of skilled professionals will drive the segment growth over the forecast timeframe. Increasing affordability of treatment owing to rising disposable income will further drive the segment growth throughout the analysis period

Regional Analysis

North America to hold the largest market share in this industry, owning to the faster adoption of innovative technologies in developed countries such as U.S. and Canada. Growing elderly population base coupled with rising demand for minimally invasive procedures will upsurge the North America catheters market size over the analysis period.

Global Catheter Market Size, Share Analysis By Region 2017

Europe, is estimated to grow at a faster rate during the forecast period, owning to growing elderly population base this region. Similarly, increasing prevalence of chronic diseases such as urinary disorders, neurovascular diseases and cardiac diseases among the elderly will serve to be a major impact rendering factor for the market growth.

Key Players

Major players operating in global Catheter market include Abbott Laboratories, Arrow International Inc. (Teleflex Inc.), B. Braun Melsungen, Boston Scientific Corporation, C.R Bard, Coloplast, ConvaTec, Cure Medical, Edwards Life Sciences Corporation, Hollister Incorporated, Johnson & Johnson, Manfred Sauer, Medtronic Inc., Smiths Medical, Stryker Corporation and Wellspect Healthcare.

Global Catheter Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.