Intravascular Catheters Market Size, Share, Analysis, Trends, Growth, 2032

Intravascular Catheters Industry Prospective:

The intravascular catheters market size was worth around USD 637.51 Million in 2023 and is predicted to grow to around USD 1189.89 Million by 2032 with a compound annual growth rate (CAGR) of roughly 7.18% between 2024 and 2032.

The report covers a forecast and an analysis of the intravascular catheters market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes the drivers and restraints of the intravascular catheters market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the intravascular catheters market on a global level.

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In order to give the users of this report a comprehensive view of the intravascular catheters market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Intravascular Catheters Market: Overview

Intravascular catheters are thin tubes made of medical grade, which are inserted in the body, especially in the veins to perform surgeries or treat infectious diseases. Basically, these tubes or medical devices allow the administration of gases, access to surgical instruments, and drainage along with performing various tasks depending on the patient’s condition. The growing use of catheters for various surgeries coupled with the mindfulness about hospital-acquired infections is likely to boost  the global intravascular catheters market in the future.

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The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Intravascular Catheters Market: Growth Factors

The global intravascular catheters market is driven by a growing number of ambulatory care centers, the rising rate of hospitalization due to growing incidences of chronic diseases, an increasing number of catheterization labs, and rising use of catheters in minimally invasive surgeries, diagnosis, and interventional procedures. Additionally, urinary bladder related diseases, the prevalence of kidney failure, and other urological conditions are some other factors propelling the global intravascular catheters market growth. Moreover, a large aging population base leads to a high rate of incontinence problems, which is driving the demand for sterile catheters of high quality, thus contributing to market growth.

Utilization of catheters in different negligibly intrusive symptomatic and interventional techniques is also contributing to the market development. However, inadequate quality assurance, expensive pricing, and restricted reimbursement scenario in many countries may hamper this global market. In order to tackle these issues, various policies and regulations are being introduced by the government of several countries to provide medical cover to patients. Programs like the Child Health Insurance Program (CHIP) in the U.S. provide low-cost health coverage to children, and in some cases even to pregnant women. These factors are likely to support the overall market growth of intravascular catheters over the forecast time period.

Intravascular Catheters Market: Segmentation

The study provides a decisive view of the global intravascular catheters market by segmenting it based on product, application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. 

On the basis of product, the intravascular catheters market is divided into integrated/closed PIVC and short PIVC.

By application, the intravascular catheters market includes renal disease, oncology, infectious diseases, gastroenterology, and others.

Based on end-user, the intravascular catheters market comprises clinics, homecare setting, hospitals, ambulatory surgical centers, and others.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Intravascular Catheters Market: Report Scope

Intravascular Catheters Market:  Regional Insights

The Asia Pacific region dominated the global intravascular catheters market, with almost 35% share, in 2023. This can be attributed to the rising incidences of infectious and renal diseases, cancer cases, urological problems, a growing number of inpatient and emergency room procedures, a large population base, economic developments in emerging countries of China and India, and favorable government initiatives.

Intravascular Catheters Market: Competitive Space

Some leading players of the global intravascular catheters market include

• Coloplast
• Smiths Medical
• Cook Medical
• Medtronic
• C.R. Bard
• Terumo Corporation
• McKesson Medical-Surgical
• Boston Scientific Corporation
• Johnson & Johnson
• Edwards Lifesciences.
• And Others

This report segments the global intravascular catheters market into:

Global Intravascular Catheters Market: By Product

• Short PIVC
• Integrated/Closed PIVC

Global Intravascular Catheters Market: By Application

• Oncology
• Gastroenterology
• Renal Disease
• Infectious Diseases
• Others

Global Intravascular Catheters Market: By End-User

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Homecare Setting
• Others

Global Intravascular Catheters Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa