Number of pages: 100-120 | Report Format: PDF | Published date: 10 June, 2020
Historical Years – 2018 & 2019 | Base Year – 2020 | Forecasted Years – 2021 to 2031
The catheter is a thick flexible tube that is inserted into the body to introduce fluids or to take them out of the body. Catheters are also used while performing a surgical procedure. The process of inserting the catheter into the body is known as catheterization. Catheters are made using different polymers including silicone rubber, nylon, polyethylene terephthalate (PET), latex, polyurethane, and thermoplastic elastomers.
The global catheter market is mainly driven by the growing prevalence of various chronic and acute diseases, rising number of surgical procedures, growing geriatric population, increasing preference for minimally invasive surgeries, and new product launches. However, the risk of infections associated with catheter insertion and product recalls are likely to hinder the market growth to a certain extent.
The global catheter market has been analyzed from three perspectives: Product Type, End-User, and Region.
Catheters Market by Product Type
Based on the product type, the catheters market has been segmented into intravenous catheters, cardiovascular catheters, urological catheters, neurovascular catheters, and specialty catheters. Intravenous catheters are further sub-segmented into central venous catheters, peripheral catheters, and midline peripheral catheters. Cardiovascular catheters are further bifurcated into angiography catheters, electrophysiology catheters, balloon catheters, guiding catheters, and IVUS/OCT catheters. Urological catheters are further categorized into dialysis catheters and urinary catheters. Specialty catheters are further divided into temperature monitoring catheters, pressure & hemodynamic monitoring catheters, intrauterine insemination catheters, and other specialty catheters. The cardiovascular catheters segment dominated the global catheters market in 2020. The rising incidence of cardiovascular diseases and increasing number of cardiovascular surgeries is driving the demand for cardiovascular catheters.
Catheters Market by End User
Based on end-user, the catheter market has been segmented into hospitals, diagnostic centers, long-term care facilities, and other end users. The hospital's segment held the largest market share in 2020. Factors contributing to the growth of this segment include the increasing number of hospital admissions for various types of surgical procedures.
Catheters Market by Region
Regionally, the global catheter market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest market share in the global catheters market. Factors such as the large pool of geriatric population, presence of quality healthcare infrastructure and prominent market players, an increasing number of surgical procedures, and better reimbursement policies are driving the demand for catheters in the North American market.
Some of the prominent players operating in the global catheters market includes:-