Global Catheters Market Size, Trends & Analysis - Forecasts to 2026 By Lumen (Single Lumen, Double Lumen, and Triple Lumen), By Application (Prostate Cancer, Urinary Retention & Incontinence, Dementia & Other Mental Issues and Others [Paralysis, Bladder & Prostate Cancer, Spinal injury, bone fracture, and burn patients among others]), By Patient Gender (Male, and Female), By Patient Type (Pediatric & Neonatal, and Adult), By Comfort (Invasive, and Non-Invasive), By Type of Catheter (Intermittent or Pre Lubricated Catheters, External or Wearable Catheters, Indwelling Catheters, Catheter Accessories, and Hydrophilic or Lubricated Catheters), By Catheter Size (6-10 Fr, 12-16 Fr, and 18-22 Fr), By Region (North America, Europe, Asia Pacific, MEA, and CSA), End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Catheters Market Insights
A catheter is a soft, thin tube medical device made of high-grade materials such as silicon rubber, plastic, nylon, and PVC, which is inserted into the patients body while treatment & diagnosis of many diseases. In many cases the patient is unable to pass urine, therefore a catheter is used to empty the urine from the patient's urinary bladder. Catheters are also used to perform catheterization, it is co-procedure generally performed corresponding to other medical procedures such as cardiac electrophysiology, neurosurgery, and angioplasty. Several varieties of catheters are present in the market and out of the cardiovascular catheters is dominating the market for a very long time due to the high prevalence of cardiovascular diseases coupled with the development of its unique features improved cardiovascular catheter performance.
As per the recent report published by GME, the catheters market is expected to upscale its performance in the middle of 2020-2026 at a growing CAGR of 8.5%. The growing population of target patients and the recent gain of popularity in choosing minimally invasive surgeries over conventional surgery is triggering the demand of the catheter market. Significant percentage rise of diseases such as urinary bladder associated disorders, cardiovascular disease, and kidney failure among others are propelling the demand for the catheters in recent times. The increasing geriatric population who are more vulnerable to catch cardiovascular, neurovascular, and incontinence problems are building the catheter business in demand for sterile and disposable catheters.
However, assurance of quality and price crash at a domestic level among various competitors is a major challenge for the catheter market.
Catheters Market: By Lumen
The lumen of the catheter can be studied into three divisions such as single lumen, double lumen, and triple lumen. The triple catheter is the largest market building segment owing to its application range such as for the administration of the hyperosmolar solution, hemodialysis, measuring central venous pressure, plasmapheresis, and rapid infusion of fluid, among others. Also from a triple lumen catheter reduces the catheter insertion frequency by using a single catheter for insertion of multiple drugs at the same time.
Catheters Market: By Application
Prostate cancer, urinary retention & incontinence, dementia & other mental issues, and others are the bifurcations of the applications performed by catheters in the medical industry. The urological catheter used in urinary retention & incontinence is the highest growing market as compared to the mentioned applications. Growing incontinence issues accompanied by a considerable growing population of geriatrics is the prime reason behind the significant market of the segment.
Catheters Market: By Patient Gender
Male and Female are the two patient genders classification of catheters. Among both male is dominating the catheter market in terms of gender. This is owed to the increasing cases of urinary incontinence and benign prostatic hyperplasia among the male population. As in females other products such as pads are more preferred for the management of urinary incontinence.
Catheters Market: By Patient Type
Based on patient type the catheter market is segmented into pediatric & neonatal, and adult. The pediatric & neonatal population are the highest consumer of catheters as compared to the adult population. The growing population of pediatrics, growing neurological disorders, congenital heart defects, and urinary tract infections are the prime reasons accelerating the market of the catheter in this segment. Lack of adequate newborn screening centers in economically emerging countries is promoting the demand for catheters in the segment.
Catheters Market: By Comfort
The catheter market based on comfort can be classified into invasive, and non Invasive. The noninvasive or minimally invasive segment is the fastest-growing segment of the catheter market. The significantly increasing number of surgeries performed for chronic disease patients and growing public health concern and aggressive government policies to provide quality healthcare facility is driving the segment's market. Also, urinary catheters are more prevailing in recent times as the prime reason for their growth is its non-invasive nature which leads to building a market for non-invasive catheters in the urinary catheters business
Catheters Market: By Type of Catheter
Intermittent/ pre-lubricated catheters, external/ wearable catheters, indwelling catheters, catheter accessories, and hydrophilic/ lubricated catheters are the segments of catheters based on their type. The introduction of intermittent/pre lubricates catheters has set a milestone in the development of urology and made it to be the fastest-growing type of catheter. The segment is more independent, has better mobility, and easy to incorporate into the system. Also based on the need of the patient a fully customizable intermittent self-catheterizing has developed that is gaining popularity and is expected to build the segment's catheter market in the forecast period.
Catheters Market: By Catheter Size
6-10 Fr, 12-16 Fr, and 18-22 Fr are the size segmentation of the catheter market. The size of the catheter depends on the requirement of the patient. Therefore the smallest possible size 6-10 Fr is suitable for a particular procedure also is equipped with effective drainage and is the largest growing segment of the catheter market. However, the smallest size catheter comes with a disadvantage of slow emptying of the urinary bladder.
Catheters Market: By Region
Asia-Pacific is estimated to grow at the fastest rate owing to the increasing geriatric population, improving healthcare, and improving medical facilities. Government initiative towards adoption and approval of new technology is triggering the market of the catheter in current times. Also growing investment by the key players for expansion of their business into the APAC region to target the high volume of customers base in the region. Growing disorder percentage such as cardiovascular and urological illness and increase in hospital-acquired is triggering the demand of the catheter market in the APAC region.
Catheters Market Share and Competitor Analysis
The key players operating in the market include CompactCath, C.R.Bard (Becton, Dickenson, and Company), MediCath, Wellspect HealthCare, B.Braun Melsungen, Coloplast, Edwards Lifescience Corporation, Hollister Incorporated, Medtronic, Amecath, J and M Urinary Catheters LLC, Well Lead Medical Co., Ltd., Rocamed, Ribbel International Ltd, Manfred Saur GmBH, Urocare Products, Manfred Saur GmBH, Asid Bonz GmBH, Cardinal Health, Hunter Urology, Boston Scientific Corporation, and Cook Medical among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2020, Boston Scientific Corporation announced its expansion with the investment and acquisition of Farapulse Inc.
In October 2020, Medtronic collaborated with The Foundry, a specialist in the domain of transcatheter mitral valve replacement and repair.
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The Global Catheters Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Catheters Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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