Intravascular Catheters Market Size & Growth Analysis to 2030

The global intravascular catheters market size is accounted to register a significant CAGR of around 8% during the forecast period and estimated to reach over USD 8 billion by 2027. The rising prevalence of cardiovascular disorders and the growing number of surgical procedures in hospitals are some major factors to drive the market growth. Furthermore, the increasing prevalence of neurological disorders, urinary tract infections, and the increasing demand for the product in minimally invasive surgical procedures are expected to fuel the market growth over the forecast period. Moreover, the growth in admission in hospitals amidst COVID-19 and the increasing number of ambulatory care centers is expected to uplift the market.

Market Driver:

Increasing Prevalence of Cardiovascular Diseases: Cardiovascular diseases, such as coronary artery disease, hypertension, and cardiac arrhythmias, are a leading cause of morbidity and mortality globally. Intravascular catheters are extensively used in the diagnosis, treatment, and management of these conditions, driving the demand for intravascular catheters.

Growing Aging Population: The aging population is more susceptible to cardiovascular diseases and other conditions that require intravascular catheterization. As the global population continues to age, the demand for intravascular catheters is expected to increase. Elderly patients often require intravascular access for medications, diagnostic procedures, and vascular interventions.

Technological Advancements in Catheter Design: Advances in catheter design have led to the development of improved intravascular catheters that offer enhanced performance, safety, and ease of use. These advancements include the use of innovative materials, improved catheter tip designs, and the incorporation of imaging and navigation technologies. Technological innovations drive the market by improving patient outcomes and healthcare professionals’ ability to perform intravascular procedures.

Rising Minimally Invasive Procedures: Minimally invasive procedures are increasingly preferred over traditional surgical interventions due to their lower risks, faster recovery times, and reduced hospital stays. Intravascular catheters enable access to blood vessels and facilitate a wide range of minimally invasive diagnostic and therapeutic procedures. The growing adoption of minimally invasive techniques contributes to the demand for intravascular catheters.

Increasing Number of Interventional Radiology and Cardiology Procedures: Interventional radiology and cardiology procedures, such as angiography, angioplasty, embolization, and stenting, rely on intravascular catheters for accessing blood vessels and delivering therapeutic agents. The increasing number of these procedures, driven by advancements in imaging technology and the growing prevalence of vascular diseases, fuels the demand for intravascular catheters.

Rising Demand for Vascular Access Devices: Vascular access devices, including central venous catheters, peripherally inserted central catheters (PICCs), and dialysis catheters, are widely used for long-term intravenous therapies, hemodialysis, and critical care. The increasing demand for vascular access devices, driven by factors such as the rising incidence of chronic diseases and the growing need for prolonged medical treatments, contributes to the growth of the intravascular catheters market.

Supportive Regulatory Environment: Regulatory bodies play a crucial role in ensuring the safety and efficacy of intravascular catheters. Supportive regulatory frameworks, such as clear guidelines for product approval and quality standards, promote innovation and market growth by providing manufacturers with a defined pathway for compliance and market entry.

Growing Healthcare Expenditure and Infrastructure: Increased healthcare expenditure and the development of healthcare infrastructure, particularly in emerging markets, contribute to improved access to advanced medical procedures, including intravascular catheterization. The growth of healthcare facilities and investment in medical infrastructure drive the demand for intravascular catheters.

Increasing Focus on Patient Safety and Infection Control: Patient safety and infection control are significant concerns in healthcare settings. Intravascular catheters are associated with the risk of bloodstream infections and other complications. As a result, there is a growing emphasis on the development of catheters with infection-control features, such as antimicrobial coatings and improved catheter maintenance practices, which drive the market for safer intravascular catheters.

Market Snapshot:

Market Insights:

The global intravascular catheters market is bifurcated into product type, application, end-use, and geography. On the basis of product type, the market is further segmented into integrated/closed PIVC and short PIVC. The short PIVS segment dominated the global market in 2020 and estimated to hold the largest revenue share of around two-third percent of the market. The low cost, easy insertion, and fewer infections are some of the major factors to drive the segment growth. Furthermore, the rising prevalence of neurological, cardiovascular, and oncological diseases is further anticipated to fuel the segment growth over the forecast period.

On the basis of application, the market is segmented into renal disease, infectious disease, oncology, gastroenterology, and others. The other applications segment dominated the global intravascular catheters market in 2020 and estimated to hold the largest revenue share of over one-third percent of the market. The increasing demand for the minimally invasive surgical procedures is one of the major factors to drive the segment growth. Furthermore, the increasing prevalence of cardiovascular disorder and trauma is anticipated to fuel the segment growth over the forecast period.

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The intravascular catheters comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The intravascular catheters market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Product Type:

• Integrated/Closed PIVC
• Short PIVC

By Application:

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

By End-Use:

• Hospitals
• Ambulatory Surgical Centers
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

Geographically, North America dominated the global intravascular catheter market in 2020 and is estimated to hold the largest revenue share of around one-third percent of the market. The increasing incidence of hospital-acquired infection and well-structured healthcare infrastructure are some major factors to drive the market growth in the region. Furthermore, the increasing incidence of chronic diseases and the presence of major market players are anticipated to fuel market growth in North America. In contrast, the Asia Pacific is estimated to grow at the fastest growth rate over the forecast period.

Competitive Assessment

Some of the major market players operating in the global intravascular catheters market are Boston Scientific Corporation, Terumo Corporation, Medtronic, Plc., Getinge AB, and Cook Medical. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Boston Scientific Corporation
• Terumo Corporation
• Medtronic, Plc.
• Getinge AB
• Cook Medical
• Johnson & Johnson
• R.Bard, Inc.
• McKesson Medical Surgical, Inc.
• Coloplast A/S
• Life Sciences Corporation

Key Questions Answered by Intravascular Catheters Market Report

• Global intravascular catheters market forecasts from 2021-2027
• Regional intravascular catheters market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
• Intravascular catheters submarket forecasts from 2021-2027 cover the market by product type, by application, by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the intravascular catheters market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level intravascular catheters markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the intravascular catheters market