Pediatric Catheters Market Size, Share & Trends Report

Pediatric Catheters Market Size, Share & Trends Analysis Report By Product (Urology, Cardiovascular, Intravenous, Neurovascular, Specialty), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Apr, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-082-8
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 82

Industry Insights

The global pediatric catheters market size was valued at USD 5.1 billion in 2018 and is anticipated to expand at a 9.3% CAGR from 2019 to 2025. Growth in the pediatric population, rise in congenital heart defects (CHD), neurological disorders, and urinary tract infections, and lack of adequate new born screening centers in emerging countries are some of the factors promoting demand for pediatric catheters.

Moreover, due to increasing incidence of cardiovascular and urological diseases in pediatric population, demand for minimally invasive surgeries are rising, which include use of catheters for surgical and diagnostic procedures. In addition, technological advancements observed in pediatric catheters are anticipated to eliminate its associated infections in children and increase the demand for the use of catheters over the forecast period.

U.S. pediatric catheters market

Furthermore, various governments initiatives across the globe aimed to provide medical cover to millions of new patients, and programs such as Child Health Insurance Program (CHIP) in U.S., which provides 365 day healthcare coverage to children, are anticipated to boost the adoption of the pediatric catheters over the forecast period.

Advanced healthcare infrastructure and favorable federal initiatives pertaining to the development of pediatric devices are likely to boost the market in North America. Rising incidence of congenital heart defects and urological problems in the region is also anticipated to emerge as a high-impact rendering factor in the market. Asia Pacific is also projected to witness significant growth in the market owing to increasing prevalence rate of birth defects and expanding public and private healthcare infrastructure.

Product Insights

In 2018, cardiovascular catheters used in pediatric cardiac interventions held the largest market share of 40.5% in terms of revenue. Congenital heart defects are one of the major reasons for high mortality in pediatric population. Presence of a wide range of catheters for various interventional cardiology procedures is a key factor driving the segment.

Urology catheters are expected to emerge as the fastest growing segment with a CAGR of 10.0% from 2019 to 2025. This high growth is anticipated on account of increasing prevalence of bladder, urethra, uterus, and kidney problems in pediatric population. Urology catheters are thin, hollow, plastic tubes used to drain out urine from the bladder. The catheter is inserted into the bladder through the urethra. It is often used after operations for the urinary system as it allows the healing process. It aids in treatments related to kidney, bladder, urethra, and reproductive organs. Discomfort related to the catheterization of the urinary tract is minimized by use of appropriate size of catheters in pediatric population.

The use of catheters and their appropriate size varies with the age group of children. Thus, increasing prevalence of urology diseases, such as urinary tract infections in infants, is driving the pediatric catheters market. Other products such as neurovascular, intravenous, and specialty catheters are also anticipated to expand at a high CAGR owing to increasing incidence of corresponding diseases in children, which require the use of these catheters for diagnosis and treatment.

Regional Insights

North America dominated the market in 2018 with a revenue of USD 1.8 billion and is expected to exhibit a high CAGR over the forecast period. Asia Pacific, on the other hand, is anticipated to expand at the fastest CAGR of 11.3 % over the forecast period. Some of the key factors responsible for the high market share of North America are growing prevalence of congenital heart defects and urological problems and rising inpatient and emergency room procedures.

According to the estimates published by the U.S. Centers for Disease Control and Prevention (CDC), in 2014, one in four babies are born with heart defects and about 25% of newborns possess critical congenital heart defects that necessitate surgeries or other interventions to increase their chances of survival in the first year of their life. Moreover, presence of advanced healthcare facilities, strong reimbursement scenario, and favorable federal initiatives to encourage pediatric device development are anticipated to positively reinforce the growth in this region.

Global pediatric catheters market

Asia Pacific reported the highest prevalence rate of birth defects. According to estimates by the Asian Hospital and Healthcare Management, the prevalence rate of CHD accounted for 9.3 per 1000 live births with a significantly high occurrence of pulmonary outflow obstructions and ventricular septal defects. Increasing prevalence of congenital heart defects and other anomalies in low and middle-income countries is fueling the growth of this market. Moreover, expanding public and private healthcare infrastructure is expected to boost revenue growth.

Pediatric Catheters Market Share Insights

The market consists of a large number of key players such as Cook Medical; Smiths Medical; Edwards Life Sciences Corporation; Medtronic Inc.; and Johnson & Johnson. These companies implement various inorganic growth strategies, such as acquisitions, and organic growth strategies, such as expansion of product portfolio, to increase their market reach and presence. New product launches, along with technological advancements by market players, are expected to increase the competition in the market over the forecast period. For instance, Cure Medical recently launched a 10-inch pediatric hydrophilic cure catheter, which is easy to use and does not kink when bent.

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, and MEA

Country scope

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

Report coverage

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

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Segments Covered in the Report

This report forecasts revenue growth at the 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 pediatric catheters market report on the basis of product and region:

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

    • Cardiovascular

    • Urology

    • Intravenous

    • Neurovascular

    • Specialty

  • 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

      • Brazil

      • Mexico

      • Argentina

    • MEA

      • South Africa

      • Saudi Arabia

      • UAE

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