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

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The intravenous catheters segment is segmented into peripheral catheters, midline peripheral catheters and central venous catheters. Intravenous catheters are used to administer parenteral nutrition, drugs, blood products, and intravenous fluids during illness and also in routine elective procedures. There has been a noticeable rise in the number of cancer patients, patients with renal impairment, diabetes and obesity. Target pool of patients undergoing hemodialysis, peritoneal dialysis, and chemotherapy has been on a consistent rise. Hence, this segment is expected to grow at a constant CAGR.

Neurovascular catheters are used to diagnose and treat neurovascular complications with minimally invasive micro catheters and access catheters. Cerebrovascular disease or stroke are treated with neurovascular catheters. Neurovascular diseases have an effect on network of blood vessels in the brain which give rise to potentially fatal conditions such as aneurysms and strokes. Here comes the role of neurovascular catheters, by using minimally invasive approaches neurovascular catheters are used for diagnosis and treatment of such conditions. Around 6 million Americans are affected by cerebral aneurysms alone annually. Specialty catheter are used for inflammations and categorized as oximetry catheters, wound drainage catheters, suction catheters, and thermo dilution catheters. Wound drainage catheters are designed for goal of drain liquids and semisolids from an otherwise closed wound.

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Based on end users, the global catheters market is segmented into hospitals, ambulatory surgical centers, dialysis centers and others. The hospital segment is the major contributing segment for the growth of the global catheters market. Increasing number of hospital facility across globe with the aim to provide high quality services at affordable cost is driving the growth the hospital segment. The ambulatory surgical segment is the second largest segment contributing for the growth of the global catheters market. Ambulatory surgical centers are well established in developed countries of North America and Europe. The dialysis centers are highly concentrated in the countries of Asia Pacific.