Catheter Market: Global Market Size, Industry Trends, Leading Players, Market Share and Forecast 2019-2025

The Catheter Market is estimated to grow in the coming years as the demand for minimally invasive procedures and the number of surgeries is increasing across the globe. With the improvements in surgical techniques, minimally invasive procedures have been promising that require smaller incisions and typically produce less post-surgical pain, superior results, and faster recoveries. Surgeons use several minimally invasive catheter treatments to relieve patients of leg pain or swelling or to prevent stroke. The field of cardiovascular surgery has transformations due to the advent of minimally invasive cardiac surgery (MICS), which has extended the area of open-heart procedures to include a larger group of patients.

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Rising lifestyle-oriented disease contributing to the growth of the market

The global rise in the incidence of lifestyle-oriented diseases such as CVD, CHD, neurological and other heart diseases are driving the catheters market across the globe. Change in the lifestyle and excessive consumption of alcohol, Tabaco, smoking, drugs, infected food and so forth directly or indirectly affects the health of an individual. Unhealthy lifestyle and rising prevalence of fatal diseases are responsible for health hazards. The catheters play an important role in the treatment of these lifestyle-oriented diseases as used during surgeries. The catheters are used in various imaging modalities to define structure and guide intrusions, including transthoracic, transesophageal and intracardiac echocardiography; traditional cardiac fluoroscopy and cineangiography and newer techniques such as rotational angiography and 3-D image overlay.

Technological advancement in the catheters market  

Additionally, technological advancement in catheter technology has laid the catheter market growth. Robotic catheter systems are transforming cardiac treatment and repair. Commercially available robotic cardiac catheters now on the market include the Artisan Control Catheter developed by Hansen Medical, Mountain View CA, the CorPath Vascular Robotic System by Corindus Vascular Robotics, Natick MA, (US), and the Catheter Robotics Remote Catheter Manipulation System (Catheter Robotics, Inc., Budd Lake, NJ, US). The rising adoption of these technically advanced catheter provides ample growth to the market.

Current market trends in the Catheter market

Several numbers of R&D have been taking place in the field of catheters through investments by the government and private companies.  The companies are launching advanced technology-based catheters used in neurovascular and intravenous applications. Moreover, the development of new material such as thermoplastic polyurethanes will be suitable for making a catheter in the market. For instance, in May 2019, Telescope (TM) Guide Extension Catheter launched by Medtronic PLC for supporting Complex Coronary Cases. The catheter can deliver coronary stents, balloons and other interventional devices during angioplasty procedures that enable to restore blood flow through the coronary and peripheral arteries.

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Global Catheters Market - Segmentation

By product Type

• Cardiovascular catheters
• Urological Catheters
• Intravenous Catheters
• Specialty Catheters
• Neurovascular catheters

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Catheter Market– Region

North America           

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

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Source: Catheter Market