Catheter Market Size, Share, Research Report, Analysis, Demand and Forecast to 2031
Catheter Market Overview:
The catheters
market is projected to grow at a CAGR of approximately 7–8% through
2028. This growth is primarily driven by the rising incidence of chronic
conditions such as urinary disorders and kidney failure, growing demand for
minimally invasive surgical procedures, increasing cases of incontinence due to
the expanding global geriatric population, and ongoing technological
advancements in catheter design and functionality.
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A catheter is a medical device used for therapeutic
purposes, disease management, or during surgical procedures. It is inserted
into the body to enable the drainage of bodily fluids or the delivery of
medications.
Rising
Prevalence of Urinary Incontinence Fuels Adoption of Urological Catheters
Urinary incontinence represents a significant global
health and social challenge, affecting more than 400 million people worldwide,
with numbers continuing to rise. Globally, approximately one in three women
over the age of 35 and one in four men over the age of 40 experience some form
of incontinence.
The increasing burden of urinary incontinence is
expected to drive growth in the global catheter market over the coming years.
According to the Association for Women’s Health Care, women are twice as likely
as men to develop urinary incontinence. Around one-third of women over 35
experience stress incontinence, a figure that rises to nearly half of women
over the age of 65. Additionally, an estimated one million men in the U.S. are
affected by stress urinary incontinence, while nearly 18 million U.S. women
experience involuntary urine leakage. These figures underscore the high
prevalence of stress urinary incontinence and highlight its role as a key
factor accelerating the global adoption of urological catheters.
Technological
Advancements Driving Market Growth
Technological innovation, coupled with the growing
demand for minimally invasive procedures, is expected to significantly boost
catheter sales worldwide. Advancements such as antimicrobial coatings and the
development of smaller, more flexible catheters are helping reduce
complications such as restenosis, the re-narrowing of blood vessels over time.
The increasing incidence of peripheral vascular diseases, often associated with
chronic conditions like diabetes, has further supported the adoption of
catheter-based interventions.
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Minimally invasive procedures, including angioplasty,
have become standard practices in general surgery due to improved patient
outcomes, shorter recovery times, and the availability of advanced catheter
technologies. The rising preference for angioplasty over conventional surgical
approaches has contributed to increased catheter utilization, thereby
supporting overall market growth.
Recognizing the market’s potential, leading companies
continue to introduce technologically advanced catheter solutions. For example,
in May 2023, Abbott received FDA clearance for its TactiFlex ablation catheter,
designed to treat abnormal heart rhythms. The catheter features a flexible
electrode tip and contact force-sensing technology aimed at improving outcomes
for patients with atrial fibrillation.
Competitive
Landscape of the Catheters Market
The global catheters market is highly competitive, with
major players including Medtronic, Teleflex Incorporated, Abbott, B. Braun
Melsungen AG, Edwards Lifesciences Corporation, Coloplast, Johnson &
Johnson Services, Terumo Corporation, Becton, Dickinson and Company, Boston
Scientific Corporation, ConvaTec Group, Hollister Incorporated, Stryker, Cook
Medical, and Merit Medical Systems, among others.
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Strategic
Initiatives Strengthening Market Presence
Market participants are employing a combination of
organic and inorganic growth strategies to strengthen their competitive
positioning. These strategies include regulatory approvals, new product
launches, strategic investments, and mergers and acquisitions aimed at
expanding product portfolios and geographic reach.
For instance, in February 2023, Teleflex received U.S.
FDA 510(k) clearance for its Triumph Catheter, featuring an innovative design
that enables precise wire advancement and enhanced visualization. In December
2022, Boston Scientific announced a strategic investment to acquire a majority
stake in Acotec Scientific Holdings Limited, a Chinese medical technology
company known for its thrombus aspiration catheters and RF ablation
technologies, with the aim of strengthening its regional presence.
Additionally, in 2022, B. Braun Melsungen launched Dican Flex, a single-use
safety catheter designed for peripheral vascular access in extracorporeal blood
purification therapy.
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