Catheter Introducer Sheaths Market Size, Share & Trends Analysis Report By Product (Integrated Introducer Sheaths, Separable Introducer Sheaths), By End-Use (Hospitals, Ambulatory Surgical Centers, Others), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global catheter introducer sheaths market size was valued at USD 1.09 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2023 to 2030. Catheter introducer sheaths are used for the introduction of interventional devices into the patient’s vascular system. The growth is attributed to the increasing incidences of cardiovascular disease, rising adoption of minimally invasive procedures, and increasing investment by private and public bodies for technological advancements in the healthcare sector.

The increasing prevalence of cardiovascular disease is driving the demand for cost-effective catheter introducer sheaths. According to WHO, cardiovascular diseases cause 17.9 million deaths every year across the globe. In addition, 4 out of 5 cardiovascular disease deaths are caused due to strokes and heart attacks, and around 30% of these deaths occur in the population under 70 years of age. Similarly, according to a study conducted by the CDC, around 695,000 deaths were caused by heath disease in 2021, and every 1 in 20 adults aged 20 years or above have coronary artery disease in the U.S. The wide application of catheters in diagnosing coronary disease, chest pain, and biopsy, among others, drives the demand for catheter introducer sheaths.

The COVID-19 pandemic significantly disrupted the catheter introducer sheaths industry. Supply chain disruptions reduced elective procedures, and healthcare resource reallocation led to a temporary decline in demand. For instance, in 2020 the Department of Health decided to cancel non-urgent elective surgeries as hospitals ran out of space in Australia. The governments in the U.S., Chile, and Portugal took similar actions. However, the market gradually recovered as healthcare systems adapted, emphasizing infection control and safety measures, driving the demand for catheter introducer sheaths to aid minimally invasive procedures.

Product Insights

Based on products, the industry is segmented into integrated introducer sheaths and separable introducer sheaths. The integrated introducer sheaths dominated the market with a market share of 59.92% in 2022 and is anticipated to exhibit fastest growth at a CAGR of 7.7% over the forecast period. The growth is attributed to the seamless design of the sheaths for reduced procedural complexity, enhanced workflow efficiency, and minimizing the risk of air embolism during catheter insertion is driving the demand. Additionally, integrated sheaths offer improved infection control and patient comfort, aligning with the heightened focus on safety and outcomes in healthcare settings post-COVID-19.

Moreover, the shift towards minimally invasive procedures and advancements in interventional techniques is anticipated to drive growth over the forecast period. Key players investing in research and development to introduce innovative integrated introducer sheaths further contributing to the market growth. For instance, in September 2021, BIOTRONIK announced the expansion of its Fortress reinforced introducer sheath product line in the U.S. and countries accepting CE mark approval.

End-Use Insights

Based on end-use, the market is segmented into ambulatory surgical centers, hospitals, and others. The hospitals segment helps the largest market share of 59.10% of the market share in 2022 and is anticipated to grow at the fastest CAGR of 7.8% over the forecast period. The growth is attributed to the growing need for continuous supervision and the rising incidence of cardiovascular disorders.

Moreover, governments of various developed and developing nations are undertaking initiatives for the R&D of healthcare sectors in the form of investment, which is driving market growth. For instance, in 2022, USDA Rural Development is investing USD 110 million for the development of healthcare facilities in rural towns across Guam and 43 states. Similarly, in March 2022, The UK Department for Health and Social Care and the Cabinet Office announced an investment of around USD 60 million for research, collaboration, and innovation of healthcare institutes across the UK. These initiatives are expected to fuel the demand for the market over the forecast period.

Regional Insights

North America region accounted for the market share of 37.41% in 2022. The market growth in the region is attributed to the rising awareness about the benefits associated with the use of catheter inducer sheaths and the increasing interference of the government in the development of the healthcare industry in the region. Furthermore, increasing incidences of heart diseases such as cardiovascular disease, arrhythmia, coronary artery disease, stroke, and congestive heart failure, coupled with a growing geriatric population, are expected to drive the market demand over the projected period. According to the Government of Canada, around 2.6 million adults aged 20 years and above live with heart disease.

Asia Pacific region is anticipated to witness the fastest CAGR of 8.8% over the forecast period owing to the increasing demand for minimally invasive procedures. Moreover, the rising elderly population, coupled with rising investment in R&D by key players in the market, is expected to contribute towards market growth in emerging nations, such as Japan, South Korea, India, and China.

Key Companies & Market Share Insights

Major players in the global catheter introducer sheaths market are adopting various strategies such as new product launches, acquisitions, partnerships, collaborations, and expansions to enhance their product penetration and expand their customer base. For instance, in April 2022, Medtronic acquired Acutus Medical’s left heart access portfolio for USD 50 million. The portfolio includes the AcQGuide VUE steerable sheath, the AcQGuide FLEX steerable introducer, and the AcQGuide MINI integrated crossing sheath and device, among others. Some of the key players in the global catheter introducer sheaths market include:

• Terumo Corporation

• Merit Medical

• Medtronic

• Galt Medical Corporation

• Cordis Corporation

• Oscor Inc

• Abbott

• Stryker

• BD

• B. Braun Interventional Systems Inc.

Catheter Introducer Sheaths Market Report Scope

Global Catheter Introducer Sheaths Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the catheter introducer sheaths market report based on product, end-use, and region:

• Product Outlook, (Revenue, USD Million, 2018 - 2030)

  • Integrated Introducer Sheaths

  • Separable Introducer Sheaths

• End-use Outlook, (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Ambulatory surgical centers

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • India

    • Japan

    • China

    • South Korea

    • Australia

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait