How big is the Catheter Market?
According to 6Wresearch internal database and industry insights, the
Catheter Market was valued at approximately USD 18.6 billion in 2024 and is projected to reach USD 31.3 billion by 2031, growing at a CAGR of 7.6% during the forecast period.
This growth is fueled by the rising prevalence of chronic diseases, increasing number of surgical procedures, and growing demand for minimally invasive interventions.
Key Growth Drivers of the Catheter Market
- High demand for urinary, cardiovascular, and neurovascular catheters in hospitals
- Growing geriatric population prone to chronic conditions and mobility limitations
- Advancements in antimicrobial coatings and biodegradable catheter materials
- Increase in outpatient and home-based care requiring catheterization
- Rise in interventional cardiology and radiology procedures worldwide
Catheter Market Trends
Catheter market is shifting toward smart, sensor-enabled catheters for continuous monitoring and diagnostics. Demand for antimicrobial and hydrophilic-coated catheters is rising to reduce catheter-associated infections. Reusable and biodegradable catheters are also gaining traction amid sustainability concerns. Companies are launching catheters tailored for pediatric and female anatomy. Home healthcare applications and ambulatory setups are expanding product demand beyond hospitals.
Emerging Developments in the Catheter Market
Developments that are emerging are introduction of miniaturized sensors to monitor flow, pressure and temperature in real-time. The use of AI in particular is facilitating an earlier diagnosis due to the information captured by the use of smart catheters. The use of 3D printing is also facilitating the customization of catheters in complex anatomies. Robot catheter navigation is an area companies are betting on in the bid to improve cardiovascular and neurovascular procedural accuracies. Next-gen catheter design is also becoming a subject of innovations in remote patient management.
Major Companies in the Catheter Market
- Boston Scientific Corporation
- Teleflex Incorporated
- B. Braun Melsungen AG
- Coloplast A/S
- Cook Medical
- Medtronic
- Abbott Laboratories
- Becton, Dickinson and Company
- Smiths Medical
- Cardinal Health
How Big is the Catheter Market : FAQ's
The market was valued at USD 18.6 billion in 2024 and is projected to reach USD 31.3 billion by 2031 at a CAGR of 7.6%.
Urinary, cardiovascular, and central venous catheters lead global demand.
Aging population, chronic diseases, surgical needs, and home care adoption.
Catheter-associated infections, pricing pressures, and material compatibility.
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