Intravascular Catheters Market Highlights

• Global intravascular catheters market revenue is poised to garner USD 18.4 billion by 2032 with a CAGR of 10.6% from 2024 to 2032
• North America intravascular catheters market value occupied around USD 2.5 billion in 2023
• Asia-Pacific intravascular catheters market growth will record a CAGR of more than 11.3% from 2024 to 2032
• Among product, the short PIVC sub-segment generated more than USD 4.9 billion revenue in 2023
• Based on end-user, the hospitals sub-segment generated around 60% intravascular catheters market share in 2023
• Collaborations and partnerships for innovation in catheter technology is a popular intravascular catheters market trend that fuels the industry demand

Intravascular catheters are thin, flexible tubes that are inserted into veins or arteries to provide direct access to the bloodstream. These medical devices are critical in modern healthcare because they enable a wide range of treatments such as drug and fluid delivery, vital sign monitoring, and blood sample collection. Catheters are classified based on their intended use and location, including peripheral venous catheters for short-term access, central venous catheters for long-term usage, and arterial catheters for particular monitoring needs. While necessary, their usage necessitates rigorous adherence to infection prevention practices in order to reduce hazards such as catheter-related bloodstream infections. Proper catheter care and maintenance are critical for patient safety and successful treatment outcomes.

Global Intravascular Catheters Market Dynamics

Market Drivers

• Cardiovascular disease prevalence is increasing
• There is a growing need for minimally invasive operations
• Technological advances in catheter design
• Rising healthcare costs and infrastructure improvements

Market Restraints

• Advanced intravascular catheters come at a high cost
• There is a risk of catheter-related infections
• Strict regulatory approval processes

Market Opportunities

• Expanding applications in emerging markets
• Development of antimicrobial and drug-eluting catheters
• Growing demand for outpatient and homecare settings

Intravascular Catheters Market Report Coverage

Intravascular Catheters Market Insights

The rising incidence of cardiovascular illnesses is a primary driver of the intravascular catheters industry. As worldwide lifestyles shift toward sedentary behavior, bad diets, and increasing stress, the prevalence of cardiovascular disorders such as heart disease, hypertension, and stroke has skyrocketed. The increase in cardiovascular disorders necessitates the use of intravascular catheters for diagnostic and therapeutic procedures such as angioplasty and cardiac catheterization. The growing number of patients requiring these treatments increases demand for sophisticated catheter technology, moving the market ahead.

The risk of catheter-related infections is a significant limitation on the intravascular catheters market. Despite technical developments, catheter placement still poses a risk of infection, which can lead to serious complications such as sepsis. These infections are frequently caused by germs entering the circulation after catheter insertion or after extended use. The potential of such undesirable effects may raise worry among healthcare practitioners and patients, limiting the widespread use of intravascular catheters. Furthermore, the higher expenditures and longer hospital stays associated with treating these infections significantly restrict the market.

The rising need for outpatient and homecare settings creates market opportunities for intravascular catheters. As healthcare systems around the world strive to cut costs while improving patient outcomes, there is a growing demand for outpatient operations and home care. Intravascular catheters intended for use in non-hospital settings can help address this demand by allowing patients to get care outside of traditional clinical settings. This move not only improves patient comfort and convenience, but it also creates new avenues for market growth during the intravascular catheters industry forecast period.

Intravascular Catheters Market Segmentation

The worldwide market for intravascular catheters is split based on product, application end-user, and geography.

Intravascular Catheter Market By Product

• Integrated/Closed PIVC
• Short PIVC

According to intravascular catheters industry analysis, the short peripheral intravenous catheter (PIVC) segment dominates the market. These catheters are typically used for short-term therapies that need intravenous access, such as the administration of medicines, fluids, and blood products. Their simplicity, ease of insertion, and low cost make them the ideal choice for a wide range of medical procedures in a variety of healthcare settings, including hospitals, clinics, and ambulatory surgical centers. The rising prevalence of chronic illnesses necessitating regular medication administration, combined with an older population in need of additional healthcare services, has increased demand for short PIVCs. Furthermore, their widespread use in outpatient settings for diagnostic testing and minor treatments has helped to solidify the segment's dominance.

Intravascular Catheter Market By Application

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

Oncology is predicted to generate significant revenue in the intravascular catheters market. Cancer patients may need long-term intravenous therapy for chemotherapy, blood transfusions, and supportive care. This entails the use of many catheter types, including central venous catheters and peripherally inserted central catheters (PICC). The rising incidence of cancer worldwide, combined with advances in cancer treatment, has resulted in an increase in demand for these catheters. Furthermore, the growing popularity of home-based chemotherapy has increased the demand for patient-friendly catheter choices. As the oncology landscape evolves, demand for intravascular catheters in this category is projected to stay high.

Intravascular Catheter Market By End-User

• Clinics
• Hospitals
• Homecare
• ASC
• Others

The hospital sector is expected to remain the prominent end user in the intravascular catheters market. Hospitals are the principal healthcare facilities, offering a wide range of medical procedures and surgeries that require the use of catheters. Catheters are essential instruments for healthcare providers, helping them give intravenous fluids and drugs as well as perform difficult surgeries. The growing number of patients needing hospital care, along with more people living with chronic conditions that require long-term treatment, has made hospitals the main buyers of intravascular catheters. As hospitals keep upgrading their medical equipment and expanding their services, the demand for these catheters is expected to remain strong over the intravascular catheters market forecast period.

Intravascular Catheters Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Intravascular Catheters Market Regional Analysis

In terms of intravascular catheters market analysis, North America emerges as the biggest industry. The region's high frequency of cardiovascular disorders, modern healthcare infrastructure, and large healthcare expenditure are the primary reasons for this. Furthermore, the presence of major market competitors and ongoing technical improvements help North America maintain its strong market position. The regions well-established healthcare system, as well as the increasing use of minimally invasive procedures, drives up demand for intravascular catheters.

On the other hand, Asia-Pacific has the fastest-growing intravascular catheter market. Several reasons contribute to the region's rapid growth, including an increase in chronic disease prevalence, greater healthcare knowledge, and enhanced healthcare infrastructure. Countries like China and India are seeing an increase in healthcare spending and advancements, which is leading to a greater use of modern medical equipment. Furthermore, these countries' expanding middle class populations and increased healthcare spending are propelling market growth. The Asia-Pacific region also benefits from a large patient population and increasing medical tourism, which drives demand for intravascular catheters.

Intravascular Catheters Market Players

Some of the top intravascular catheters companies offered in our report includes Infraredx, Terumo Corporation, Johnson & Johnson, Conavi Medical, Medtronic, Boston Scientific, Edwards Lifesciences, Cardinal Health, Cook Medical, Becton, Dickinson and Company, and Abbott Laboratories.