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Catheter Market By Product (Cardiovascular, Urology, Intravenous, Neurovascular And Specialty Catheters) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2021 – 2028

Published Date: 14-May-2021 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-283 Status : Published

The global catheter market accounted for USD 41.15 Billion in 2020 and is expected to reach USD 75.32 Billion by 2028, expanding at a CAGR of 9.2% from 2021 to 2028.

Description

Market Overview

The global catheter market accounted for USD 41.15 Billion in 2020 and is expected to reach USD 75.32 Billion by 2028, expanding at a CAGR of 9.2% from 2021 to 2028.

Catheterization comes across as one of the primary co-procedures performed with several other medical procedures like neurosurgery, cardiac electrophysiology, and angioplasty for diagnostic and therapeutic purposes. Catheters are the thin tubes made out of medical grade material like silicon rubber, plastic, PVC, and nylon.

COVID-19 Impact Analysis:

The ongoing pandemic in the form of COVID-19 has, in a way, proved to be a blessing in disguise for catheter market. As those suffering from the ailments mentioned above are likely to contract Corona at the faster rate than those who are devoid of these, catheters are being used more often. The other reason is social distancing being mandated. Using catheters has less to do with human intervention, thereby keeping cross-contamination at bay. This scenario is expected to continue even post-Covid era as the convenience factor is expected to be the epicenter then.

Growth Factors:

Apart from cardiovascular diseases, the kidney disorders and urinary bladder-related disorders have been steering the catheter market growth. Also, both - medical practitioners and patients prefer minimally invasive surgeries these days. At the same time, the fact that urological catheters market will grow at the fastest pace in the upcoming period can’t be ruled out. This could be attributed to increase in problems related to incontinence coupled with growth in aging population worldwide and growing awareness in the population.

Report Scope:

Product Segment Analysis Preview:

Based on products, the global catheter market is segmented into cardiovascular catheter, neurovascular catheter, urological catheter, intravenous catheter, and specialty catheters. Specialty catheters accounted for a significant share attributing to their popularity and preference. Cardiovascular catheter is the second large segment attributing to high revenue share.

Regional Segment Analysis Preview: 

Based on geographies, the global catheter market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America held a substantial accounting for a major market share in 2020. This is mainly attributable to presence of a highly developed medical infrastructure and growing popularity. Besides, the presence of major companies is influential in North America. Asia Pacific is expected to register a CAGR of 6.4% in the near future owing to presence of large population with medical needs in China.

Key Market Players & Competitive Landscape:

Some of the key players in catheter market are Abbott Laboratories, Becton Dickinson Inc., Boston Scientific, Braun Melsungen AG, Arrow International Inc, Rochester Medical Co, Medrad, Edwards Lifesciences, Hollister Inc.

The Global Catheter Market is segmented as :

By Product:

  • Cardiovascular Catheters
  • Neurovascular Catheters
  • Urological Catheters
  • Intravenous Catheters
  • Specialty Catheters

By Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.2. Market Attractiveness Analysis, By Product Type
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Catheter Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID- 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Catheter Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product Type, 2020 & 2028
    • 4.2. Cardiovascular Catheters
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Neurovascular Catheters
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Urulogical Catheters
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2021 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Intravenous Catheters
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Specialty Catheters
    • 4.6.1 Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Catheter Market – Regional Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.2.2. North America Market Revenue, By Application, 2016 – 2028
      • 5.2.3. U.S.
        • 5.2.3.1. U.S. Market Revenue, By Application, 2016 – 2028
      • 5.2.4. Canada
        • 5.2.4.1. Canada Market Revenue, By Application, 2016 – 2028
      • 5.2.5. Mexico
        • 5.2.5.1. Mexico Market Revenue, By Application, 2016 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.3.2. Europe Market Revenue, By Application, 2016 – 2028
      • 5.3.4. Germany
        • 5.3.4.1. Germany Market Revenue, By Application, 2016 – 2028
      • 5.3.5. France
        • 5.3.5.1. France Market Revenue, By Application, 2016 – 2028
      • 5.3.6. U.K.
        • 5.3.6.1. U.K. Market Revenue, By Application, 2016 – 2028
      • 5.3.7. Italy
        • 5.3.7.1. Italy Market Revenue, By Application, 2016 – 2028
      • 5.3.8. Spain
        • 5.3.8.1. Spain Market Revenue, By Application, 2016 – 2028
      • 5.3.9. Rest of Europe
        • 5.3.9.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 5.4. Asia Pacific
    • 5.4.1 Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 5.4.3. China
      • 5.4.3.1 China Market Revenue, By Application, 2016 – 2028
    • 5.4.4 Japan
      • 5.4.4.1. Japan Market Revenue, By Application, 2016 – 2028
    • 5.4.5. India
      • 5.4.5.1. India Market Revenue, By Application, 2016 – 2028
    • 5.4.6. South Korea
      • 5.4.6.1. South Korea Market Revenue, By Application, 2016 – 2028
    • 5.4.7. South-East Asia
      • 5.4.7.1. South-East Asia Market Revenue, By Application, 2016 – 2028
    • 5.4.8. Rest of Asia Pacific
      • 5.4.8.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.5.2. Latin America Market Revenue, By Application, 2016 – 2028
      • 5.5.3. Brazil
        • 5.5.3.1. Brazil Market Revenue, By Application, 2016 – 2028
      • 5.5.4. Argentina
        • 5.5.4.1. Argentina Market Revenue, By Application, 2016 – 2028
      • 5.5.5. Rest of Latin America
        • 5.5.5.1. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 5.6. The Middle-East and Africa
      • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.3. GCC Countries
        • 5.6.3.1. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 5.6.4. South Africa
        • 5.6.4.1. South Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.5. Rest of Middle-East Africa
        • 5.6.5.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 6 Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technulogy Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter No. 7 Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Catheter Market: Company Market Share, 2019
      • 7.1.2. Global Catheter Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 7.1.3. Global Catheter Market, Company Y-o-Y Growth, 2016 – 2019 (%)
      • 7.1.4. Global Catheter Market: Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 8 : Company Profiles
    • 8.1. Becton & Dickinson Company
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Portfulio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. Arrow International Inc
    • 8.3. Boston Scientific
    • 8.4. Braun Melsungen AG
    • 8.5. Rochester Medical Co
    • 8.6. Medrad
    • 8.7. Edward Lifesciences
    • 8.8. Hullister Inc
  • Chapter No. 9: Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter No. 10 : Research Methodulogy
    • 10.1. Research Methodulogy
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Catheter market. Zion Research has collected and analyzed key data belong to the global Catheter market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Catheter across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Catheter industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Catheter market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Catheterization is a process of inserting a catheter. The catheter is a thin tube made from sterilized medical grade materials and can be used for the broad range of functions.  The catheter is inserted into the body to treat various chronic diseases or to perform a surgical procedure. Catheters can be introduced into a body via body cavity, duct, or vessel. It is involved in drainage, administration of fluids or gasses, access for surgical instruments. The catheter can be used in cardiovascular, urological, gastrointestinal, neurovascular, and ophthalmic applications.

Globally, the market of catheters has been driven primarily due to an increase in the frequency of cardiovascular disease patients amongst the global population along with the increasing demand for minimally invasive surgeries. The growth of demand for the catheters market is also fueled by the rising incidences of diabetes, cardiovascular diseases, urinary bladder failure, and kidney failure. However, the increasing incidences of nosocomial urinary tract infection/catheter-related urinary tract infection are likely to act as a restrain the growth of the global catheter market. Nonetheless, ongoing research and development in the medical and healthcare sector are likely to bring new growth avenues in the medical device industry.

Based on products, the global catheter market is segmented into five types: cardiovascular catheter, neurovascular catheter, urological catheter, intravenous catheter, and specialty catheters. Specialty catheters accounted for the largest market share in terms of revenue in 2019.  Specialty catheter is further sub-segmented into wound/surgical drain catheters, oximetry catheters, thermo-dilution catheters and IUI catheters. Growing cases of surgical operation are considered as major driving factors for the increasing demand for specialty catheter market. The cardiovascular catheter is the second largest segment in terms of generating revenue followed by the urological catheter.

Based on geographies, the global catheter market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. These regions are further bifurcated into the U.S., UK, Germany, France, China, Japan, India, and Brazil. North America held the largest market share in the global catheter market followed by Europe and Asia-Pacific. This share of North America was attributed due to the presence of highly developed healthcare infrastructure. In addition, the region is also associated with advanced research on the efficacy and effectiveness of different types of catheters. The catheter market is expected to witness the highest growth in the Asia-Pacific region in the upcoming years due increase in cases of cardiovascular diseases and other neurological and urological diseases. In addition, the presence of the large pool of patients in the Asia Pacific region is also the key driving factor for the rising global market of catheters.

Key players of the catheter market include Abbott Laboratories, Becton Dickinson Inc., Boston Scientific, Bard Medicals, Braun Melsungen AG, Arrow International Inc., Johnson and Johnson, Medtronic Inc., Rochester Medical Co., Edwards Lifesciences, Hollister Inc., Medrad (Bayer AG) and Vascular Solutions.


Frequently Asked Questions

The global catheter  market was valued at USD 41.15 Billion in 2020.

The global catheter  market is expected to reach USD 75.32 Billion by 2028 to witness a CAGR of 9.2% between 2021 to 2028.

Some of the key factors driving the global  catheter  market growth comprise increase in problems related to incontinence coupled with growth in aging population worldwide and growing awareness in the population.

North America accounted for a substantial share of the catheter market in 2020. This is attributable to the presence of highly developed healthcare infrastructure. China is world’s largest manufacturer and the heavy consumer of catheter owing to the large population.

Some of the major companies operating in global catheter market are Abbott Laboratories, Becton Dickinson Inc., Boston Scientific, Braun Melsungen AG, Arrow International Inc, Rochester Medical Co, Medrad, Edwards Lifesciences, Hollister Inc.
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