Catheter Introducer Sheaths Market
Number of pages: 100 | Report Format: PDF | Published date: April 24, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 1.26 billion |
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Revenue Forecast in 2031 |
US$ 2.06 billion |
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CAGR |
5.6% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Product, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global catheter introducer sheaths market was valued at US$ 1.26 billion in 2022 and is expected to register a revenue CAGR of 5.6% to reach US$ 2.06 billion by 2031.
Catheter Introducer Sheaths Market Fundamentals
Catheter introducer sheaths are medical devices that allow access to the cardiovascular system during interventional procedures. A small skin incision or puncture is used to implant an introducer sheath, a lengthy, thin, flexible tube, which is then guided into a blood artery. A catheter introducer sheath’s main function is to offer a secure passageway for inserting various medical devices. Catheter introducer sheaths make it possible for minimally invasive surgeries, which reduces patient trauma and speeds up recovery. Without opening surgery, surgeons can access the heart and other hard-to-reach parts of the body using catheter introducer sheaths. When time is of the essence, this strategy is extremely helpful in emergencies. Catheter introducer sheaths are now common in numerous medical procedures, revolutionizing interventional medicine.
The catheter introducer sheaths market is improving as there is an increasing inclination toward using cutting-edge materials such as hydrophilic coatings, radiopaque polymers, and biodegradable materials. These materials provide enhanced functionality, increased safety, and little environmental effect. Another trend in catheter introducer sheaths is towards smaller profiles, allowing easier access to smaller blood vessels and reducing trauma to the surrounding tissue. This has been made possible by advances in catheter and sheath design. Also, catheter introducer sheaths are being designed with increased safety features, for instance, hemostasis valves, which reduce the risk of bleeding and infection.
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Catheter Introducer Sheaths Market Dynamics
Cardiovascular and neurological diseases (CVDs) are emerging, the key factor driving the growth of catheter introducer sheaths market revenue. The increasing prevalence of cardiovascular diseases is leading to a rise in catheterization procedures, thereby driving the demand for catheter introducer sheaths. Additionally, technological advancements in catheterization procedures are also contributing to the growth of the market revenue share.
Advances in technology are leading to the development of new and improved catheter introducer sheaths, which are more efficient, easier to use, and offer better patient outcomes. This drives demand for these devices as healthcare providers seek to offer their patients the latest and most effective treatments. In addition, the growing geriatric population is also contributing to the rising demand for catheter introducer sheaths, as these patients often require frequent medical interventions that involve the use of such devices. As a result, the global market for catheter introducer sheaths is expected to rise significantly during the forecast period.
Minimally invasive technology is emerging rapidly in the medical field, with new daily advancements. These advancements have revolutionized how surgeries are performed, resulting in reduced pain, faster recovery times, and fewer patient complications. As technology improves, we can expect even more innovative and effective treatments to become available.
However, catheter introducer sheaths carry risks, including bleeding, vessel damage, infection, and allergic reactions. These complications can result in longer hospital stays, increased healthcare costs, and reduced patient satisfaction. Additionally, with advancements in medical technology, alternative procedures such as ultrasound-guided vascular access and peripheral intravenous catheterization have become increasingly popular, reducing the demand for catheter introducer sheaths. The regulations for medical device approval can increase development costs, which may limit innovation and investment in the catheter introducer sheaths market. In addition, the insertion of catheter introducer sheaths requires specialized training and expertise. The shortage of skilled healthcare professionals can limit the adoption and use of these devices.
Catheter Introducer Sheaths Market Ecosystem
The global catheter introducer sheaths market is analyzed from four perspectives: product, application, end-user, and region.
Catheter Introducer Sheaths Market by Product
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Based on the product, the global catheter introducer sheaths market is segmented into integrated introducer sheaths and separable introducer sheaths.
Integrated introducer sheaths accounted for the largest revenue share of the global catheter introducer sheaths market in 2022. Catheter introducer sheaths with an integrated dilator or hemostatic valve are called integrated introducer sheaths. These sheaths are made to make catheterization easier and reduce the possibility of problems like bleeding and infection. Additionally, integrated introducer sheaths are frequently built with safety features like peel-away sheaths that may be immediately withdrawn, minimizing the time the catheter remains in the body and lowering the possibility of consequences like hematoma and infection. Integrated introducer sheaths may be more desirable to healthcare professionals due to these safety features increasing revenue and boosting the demand for catheter introducer sheaths. Furthermore, the technological advancements in integrated introducer sheaths, including developing new materials and coatings, have improved their safety and efficacy. These advancements have made integrated introducer sheaths more dependable and safer for patients, further contributing to their popularity and market revenue growth.
Catheter Introducer Sheaths Market by Application
Based on the application, the global catheter introducer sheaths market is segmented into cardiology, vascular, and neurology.
The cardiology segment accounted for the largest revenue share of the global catheter introducer sheaths market in 2022. Cardiovascular diseases are on the rise, which is fueling the demand for catheter introducer sheaths. Obesity, high blood pressure, and other cardiovascular disease risk factors can result from inactivity. Therefore, an increased sedentary lifestyle is the leading cause. In many regions of the world, processed and high-fat food consumption has increased, which has raised the prevalence of obesity, high cholesterol, and other heart disease risk factors. Heart disease is more common as the world’s population ages. Numerous causes, such as altered hormone levels and a rise in the prevalence of chronic illnesses, are the factors responsible for this. Also, smoking is still common in many parts of the world and is a significant risk factor for heart disease, increasing the segment’s revenue share.
Catheter Introducer Sheaths Market by End User
Based on the end users, the global catheter introducer sheaths market is segmented into hospitals, ambulatory surgery centers, and others.
The hospitals accounted for the largest revenue share of the global Catheter Introducer Sheaths market in 2022. Hospitals typically have more patients than other healthcare settings, such as clinics or ambulatory surgery centers. As a result, they require a larger number of catheter introducer sheaths, which drives demand for these devices. Hospitals often have specialized equipment and staff to perform complex procedures requiring catheter introducer sheaths. Examples include cardiac catheterization and angioplasty procedures. Hospitals have greater access to resources such as funding, equipment, and specialized staff, which allows them to invest in the latest and most advanced catheter introducer sheaths. These resources also enable hospitals to offer a wider range of services and procedures, making them the preferred choice for patients with complex medical conditions or those requiring specialized care. Additionally, hospitals often have established partnerships with other healthcare providers, which can facilitate seamless transitions between distinct levels of care. Many manufacturers of catheter introducer sheaths collaborate with hospitals to conduct clinical trials and gather data on the performance of their devices in real-world settings. This partnership helps hospitals stay at the forefront of new developments and technologies.
Catheter Introducer Sheaths Market by Region
Based on the region, the global catheter introducer sheaths market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounted for the largest revenue share of the global catheter introducer sheaths market in 2022. North America dominates the introducer sheaths market with the largest revenue share due to the growing number of conferences and workshops, the rising prevalence of cardiovascular diseases, and increased research and clinical trials for vascular access devices. Moreover, major market players and favorable reimbursement policies contribute to North America’s catheter introducer sheaths market revenue growth.
European governments have implemented helpful regulations, such as funding for cutting-edge medical research, to boost the catheter introducer sheaths market revenue growth. Additionally, they have put laws into place to increase access to healthcare, including providing free or inexpensive medical services and drugs. The market value of catheter introducer sheaths has increased due to the launch of novel catheter introducer sheath technologies made possible by this. As a result, the market in Europe is expected to grow in terms of revenue share during the forecast period.
However, Asia Pacific is expected to register significant revenue growth during the forecast period due to increasing healthcare expenditure and awareness about minimally invasive procedures. The surge in the prevalence of heart failure and other cardiac conditions, the increase in the geriatric population, and the rise in demand for better treatment options propel catheter introducer sheaths in Asia.
Catheter Introducer Sheaths Market Competitive Landscape
Medical device companies are investing heavily in research and development to create new and innovative catheter introducer sheaths that offer improved efficiency, safety, and patient outcomes. This includes developing new materials, coatings, and designs to make the devices easier and more effective. Also, companies are forming strategic partnerships and collaborations with other companies, academic institutions, and healthcare providers to expand their product offerings and reach new markets. This includes partnering with hospitals and clinics to offer training and education on using catheter introducer sheaths. Companies are investing in regulatory compliance to ensure that their catheter introducer sheaths meet the safety and efficacy standards set by regulatory bodies such as the FDA. This includes conducting clinical trials and obtaining regulatory approvals for their devices. Multiple companies across the globe are investing in raising awareness and reimbursement, which is expected to improve the catheter introducer sheaths market outlook.
Notable market participants operating in the global catheter introducer sheaths market with the largest revenue share include,
Catheter Introducer Sheaths Market Strategic Developments
Catheter introducer sheaths are thin, tubular devices used to insert into the body during medical procedures.
Cardiology accounted for the largest revenue share in the global catheter introducer sheaths market.
North America is expected to grow at the fastest revenue CAGR in the catheter introducer sheaths market.
Key companies operating the global catheter introducer sheaths market are Stryker, CARDINAL HEALTH, Angiodynamics, Terumo Corporation, and Teleflex Incorporated.
The global catheter introducer sheaths market is expected to register a revenue CAGR of 5.6% during the forecast period from 2023 to 2031.
*Insights on financial performance are subject to the availability of information in the public domain