Catheters Market

SKU: DMMD1162 | Last Updated On: Jan 17 2023 | Available Formats

> Catheters Market Expected to reach a high CAGR by 2023-2030:

Catheters Market is segmented By Product Type (Balloon catheters, Lumen catheters, Hydrophilic catheters, Steerable catheters, Drug-eluting catheters, Permanent catheters), By Therapeutic Area (Cardiovascular, Urology, Neurology, Pulmonary, Gastroenterology, Gastroenterology, Ophthalmology), By Applications (Drainage, Urine drainage, Pleural drainage, Nephrostomy, CSF drainage, Wound drainage), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

[150 Pages Report] Catheters Market is expected to grow at a high CAGR 9.6% during the forecasting period (2023-2030). The catheters are thin tubes made from medical grade materials, available in varying levels of stiffness depending on the application, and serve a broad range of applications. The medical devices can be inserted into the body to treat diseases or perform a surgical procedure. They can be tailored for gastrointestinal, neurovascular, cardiovascular, urological, and ophthalmic applications by modifying the material.

Catheters Market - Strategic Insights



Market CAGR


Segments Covered

By Product Type, By Therapeutic Area, By Applications, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Dynamics 

Catheters is primarily driven by the increasing surgeries such as cardiovascular, gynecology, ophthalmology, etc., inclination towards minimally invasive surgeries, and technological advancements. According to researchers at National Institute Of Health in 2017, it has been estimated that 92.1 million adults have at least one form of cardiovascular disease (CVD) and by 2030 43.9% of U.S. population is projected to have one type of CVD. According to researchers at the National Institute Of Health in 2016, more than 3200 robotics platforms have been installed worldwide in assisting gynecological surgery. However, increasing rate of CA-UTI (Catheter-associated Urinary Tract Infections) will restrain the catheters industry growth. The need to develop catheter materials that prevent biofilm formation provides further opportunities for market growth.

Segment Analysis

Cardiovascular catheters are expected to hold the largest share in terms of therapeutic area segment owing to the increasing incidence rates of cardiovascular diseases favoring the growth of cardiovascular interventional procedures. Furthermore, according to the American Heart Association, around 7.5 million cardiovascular intervention surgeries have been performed in the U.S. alone and the growth is increasing due to the technologically advanced products such as stents, guidewires, and PTCA balloons. Urinary catheters are expected to have the highest growth rate during the forecast period due to the increasing demand for people with dysfunctional urinary bladder caused by another diagnosis such as spinal injury, Diabetes, incontinence, etc., and the need for further development to reduce UTIs(Urinary traction infections). The urinary catheter is used to drain the urinary bladder when it cannot be emptied in such cases. According to Centers for Disease Control and Prevention (CDC), approximately 75% of UTIs caused in hospitals are due to urinary catheters. About 15-25% of hospitalized patients need to use urinary catheters during their hospital stay. Silicone is expected to hold highest share in the market in the materials segments owing to its inertness which makes it unreactive to body fluids and a range of medical fluids. While polymers are mechanically weak in general which can cause fractures in the catheters. For example, silicones are used in Foley catheters where fractures have been reported, often requiring surgery to remove the tip left in the bladder. 

Geographical Analysis

North America is the dominant share in the global catheters market owing to the presence of well-developed infrastructures, high volumes of catheterization for surgeries, Government support, and high patient awareness in the region.

Higher investment in R&D activities by the government for health care contributes to the growth of North America’s share. Domestically, the US drug industry spends approximately $45 billion annually on R&D. 

According to Centre for Disease Control and Prevention in 2017, it has been estimated that 2.7-6.1 million in the U.S. have atrial fibrillation, a heart disease that needs surgery.  

Asia-Pacific region is expected to be the fastest-growing market during the forecast period, owing to the growing penetration rates of urology & neurovascular devices and improving healthcare infrastructure in the region.

Competitive Analysis 

Key players are adopting strategies such as mergers and acquisitions, partnerships, and regional expansion to stand out as strong competitors in the market. New product launches along with an increased focus on R&D are other ways the leading players improve their market presence. The key players in the market are Boston Scientific, Abbott Laboratories, CardioMed Supplies, Cook Medical, Penumbra, Lepu Medical, Biotronik, Smiths Medical, Stryker Corporation, Nipro Corporation, Teruma Medical, Medica S.P.A, Vyarie Medical, and Becton, Dickinson, and Company.

On 26th April 2019, FDA has recalled miller and Fogarty atrioseptostomy dilation catheters produced by Edwards Lifesciences, an American medical equipment company due to the issues of balloon deflation, fragmentation, and detachments.

On 27th February 2019, Hollister Inc., a healthcare products manufacturer has launched the Infyna Chic intermittent catheter adding a new product to line of female hydrophilic catheter products. The product is used to help provide a high level of discretion and it received CE approval in December 2018.

On 11th May 2018, Lepu Medical, a manufacturer from China, announced its entry into Indian market through a subsidiary company, Lepucare Vascular Solutions. The products of the company include coronary stents, dilatation balloon catheters, occlusion devices, electrophysiology catheters, pacemakers, etc.

On 23rd March 2018, Smiths Medical announces the launch of the DeltaVen closed system catheter in the U.S. The DeltaVen is the development in Peripheral IV Catheters which offers a needle, extension tubing, and also an option for a needleless connecter.

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