Intravascular Catheters Market Report

Intravascular Catheters Market Analysis Report By Product (Short, Integrated/Closed PIVCs), By Application, By End Use (Hospitals, Clinics, ASC, Homecare), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Apr, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-2-68038-744-5
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 85

Industry Insights

The global intravascular catheters market size was valued at USD 4.1 billion in 2018 and is anticipated to grow at a lucrative rate over the forecast period. Key factors driving the market include increasing incidence of cardiovascular disorders, neurological disorders, and urinary tract infections, among others.

The market is also fueled by rising hospitalization rate owing to high prevalence of chronic diseases, increasing number of ambulatory care centers and catheterization labs, and growing use of catheters for minimally invasive diagnostic and interventional procedures. Growing prevalence of kidney failure, diseases associated with urinary bladder, and other urological conditions are major factors driving the market. A large global geriatric population translates to high rate of incontinence problems. This has resulted in rising demand for high quality, sterile catheters, thereby contributing to market growth.

U.S. intravascular catheters market

Intravascular catheters have become an indispensable component in everyday medical practices and are of utmost importance in intensive care units (ICUs). While their role in providing vascular access is crucial, they can also put patients at risk for various infectious complications, including catheter-related bloodstream infections (CRBSI), local site infections, endocarditis, septic thrombophlebitis, and other metastatic infections. This risk of morbidity and mortality presented by intravascular catheters has been a cause for concern within the healthcare industry, posing a challenge to market growth. However, technological advancements are anticipated to eliminate associated infections, thereby increasing demand for the same over the forecast period.

Price competition, inadequate quality assurance, and restricted reimbursement scenario in several countries are some of the other hurdles the market has had to face. To tackle this, various regulations and policies have been introduced by governments of respective countries to provide medical cover to millions of new patients. Programs such as the Child Health Insurance Program (CHIP) in U.S., which provides low-cost health coverage to children, and in some cases/states pregnant women, are anticipated to boost the market over the forecast period.

Product Type Insights

Based on product, the market is classified into short peripheral intravenous catheters (PIVC) and integrated PIVC. In 2018, short PVIC dominated the market with a revenue of USD 2.8 billion and is anticipated to grow at the fastest pace over the forecast period. This can be attributed to the added advantage of fewer infections associated with these PIVCs. In addition, factors such as increasing incidence of cardiovascular, neurological, oncological, and gastroenterological diseases are anticipated to drive demand for PIVC in surgical intervention and diagnostics.

Application Insights

On the basis of application, the intravascular catheters market is classified into oncology, gastroenterology, renal disease, infectious diseases, and others. The others segment consists of surgical interventions performed owing to trauma, and other diseases such cardiovascular and urological diseases. In 2018, this segment dominated the market with a revenue of USD 1.7 billion and is expected to grow at a lucrative rate over the forecast period.   

The infectious diseases segment is expected to register the highest growth, exhibiting a CAGR of 15.0% over the forecast period owing to increasing incidence of infectious diseases such as HIV, tuberculosis, and HPV. According to U.K.-based HIV and AIDS charity Avert, about 36.9 million people were found to be living with HIV across the globe. Furthermore, according to the World Health Organization (WHO) in 2017, about 10 million people were diagnosed with tuberculosis worldwide, resulting in an estimated 1.6 million deaths. Increasing incidence of these diseases is expected to raise the admission rate in hospitals and other healthcare providers, thereby spurring demand for intravascular catheters.

End-use Insights

On the basis of end use, the market is segmented into hospitals, clinics, Ambulatory Surgical Centers (ASC), homecare, and others. In 2018, the hospitals segment dominated the market with a revenue of USD 2.5 billion and is anticipated to grow at a lucrative rate over the forecast period. This is owing to high number of surgical procedures being performed for the treatment of cardiovascular, gastroenterology, renal and other infectious diseases.

Global intravascular catheters market

The ambulatory surgical centers (ASC) segment is anticipated to grow at the fastest pace, registering a CAGR of 13.5% over the forecast period. ASCs are independent healthcare facilities entirely focused on providing outpatient surgical care. They incur comparatively less surgery costs when compared to those in hospitals. Moreover, these ASCs are comparatively cleaner and safer in comparison with hospitals and hence are associated with fewer infections. These factors, coupled with increasing incidence of cardiovascular, neurological, oncological, and gastroenterological diseases, are anticipated to drive demand for intravascular catheters in ASCs.

Regional Insights 

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2018, with a value of USD 1.2 billion, and is expected to grow at a lucrative rate over the forecast period. Some of the key reasons attributed to Asia Pacific’s large market share are growing prevalence of oncological disorders, infectious and renal diseases, and urological problems and rising inpatient and emergency room procedures. Moreover, a large population base is anticipated to drive the market in Asia Pacific over the forecast period.

MEA is expected to grow at the fastest rate, with a CAGR of 13.3 % over the forecast period.Key factors driving the regional market include increasing prevalence of cardiovascular diseases and other anomalies in low- and middle-income countries. Moreover, constantly improving healthcare infrastructure, increasing healthcare expenditure levels, and presence of high unmet medical needs are expected to serve as high-impact rendering drivers to the MEA market.

Intravascular Catheters Market Share Insights

The market is highly competitive and comprises a network of players engaged in activities such as research and product development, medical device manufacturing, raw material supply, sales and distribution, and even post-sales services. Technological variation is one of the key criteria that most players compete on. Some of the key players operating in this market are Cook Medical; Smiths Medical; Edwards Life Sciences Corporation; Medtronic Inc.; Johnson & Johnson; McKesson Medical Surgical Inc.; and Terumo Corporation.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 -2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, MEA

Country scope

U.S., Canada, Germany, U.K., Spain, France, Italy, Russia, Japan, China, India, South Korea, Singapore, Australia, Mexico, Brazil, Argentina, South Africa, Saudi Arabia, UAE

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global intravascular catheters market report on the basis of product, application, end use, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Short PIVC

    • Integrated/Closed PIVC

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Oncology

    • Gastroenterology

    • Renal Disease

    • Infectious Diseases

    • Others

  • End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Hospitals

    • Clinics

    • ASC

    • Homecare

    • Others  

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • Spain

      • France

      • Italy

      • Russia

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Singapore

      • Australia

    • Latin America

      • Mexico

      • Brazil

      • Argentina

    • MEA

      • Saudi Arabia

      • South Africa

      • UAE

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified