Catheters Market to Reach US$55.98 Billion by 2025, Globally

Transparency Market Research

ALBANY, New York, January 16, 2018 /PRNewswire/ --

The report provides detailed analysis of the current and emerging trends of global catheters market. The market size has been provided for product type and end users segment. Based on product type, the market is segmented into cardiovascular catheters, urology catheters, intravenous catheters, neurovascular catheters, and specialty catheters. By end users the global catheters market is segmented into hospitals, ambulatory surgical centers, dialysis centers and other. The global catheter market is anticipated to see moderate growth during the forecast period, owing to the increasing demand of minimally invasive procedures and rise in number of surgeries. In addition, geriatric population is expected to increase the patient pool worldwide and rise in demand for sterile & disposable catheters supplement the market growth. The report provides forecasts for revenue (US$ Mn) of the products from 2017-2025.

According to the report, the cardiovascular catheters market is projected to reach US$ 55.98 Bn in 2025 at a CAGR of 7.4% from 2017 to 2025.

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The cardiovascular segment is further segmented into electrophysiology catheters, PTCA balloon catheters, IVUS catheters, PTA balloon catheters and others. The others segment of the cardiovascular catheters includes angiography catheters, guiding catheters and pulmonary artery catheters. The cardiovascular catheters segment is the highest contributing segment in terms of revenue for the growth of global catheters market. PTCA balloon catheters are also growing significantly due to the rising incidences of coronary heart diseases globally. According to WHO, an estimated 7.4 million people died due to coronary heart disease and 6.7 million were due to stroke in 2015 globally.

Urology catheters is the second largest segment contributing highly for the growth of global catheters market. The urology catheter segment is further segmented into hemodialysis catheters, peritoneal catheters, foley catheters, intermittent catheters and external catheters. The foley catheters dominates the urology catheters segment in terms of revenue, followed by the intermittent catheters and then hemodialysis catheters. The rise in the number of geriatric population which suffers from a wide range of urinary disorders, especially urinary incontinence and urinary retention is increasing globally. Moreover, catheter-associated urinary tract infections (CAUTIs) have become a major cause of concern for health care providers and professionals across the world, which is also increasing demand of technologically advanced urinary catheters globally, especially in developed economies such as the U.S. and Europe.