Ultra Market Research | North America Catheters Market
North America Catheters Market
Report ID : 891
Category : Medical-Devices,North-America
No Of Pages : 87
Published on: December 2024
Status: Published
Format :
Key Question Answer
Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major players financial performance.
Evaluate strategies adopted by major players.
Recommendations
North America Catheters Market
Introduction The North America Catheters Market is the production, distribution, and utilization of medical devices designed to access internal parts of the body, mainly for drainage, infusion, or surgical interventions. Catheters are an essential tool in medical care, commonly applied in urology, cardiology, neurology, and other fields. The latest developments in material science and technology have created catheters with superior biocompatibility and precision. Factors such as the growing prevalence of chronic diseases like cardiovascular disorders, an aging population, and an increasing number of minimally invasive procedures have pushed the market. Estimated size of the market by 2024 is about USD 9 billion, demonstrating a moderate CAGR of 5.3% from 2023 to 2030. Companies have been innovating constantly against the demand for increased safety, durability, and functionality in catheters.
Segmentation Product Type • Cardiovascular Catheters o Diagnostic Catheters Imaging Catheters Pressure Monitoring Catheters Others o Interventional Catheters PTCA Catheters Atherectomy Catheters o Electrophysiology Catheters Ablation Catheters Mapping Catheters o Others • Urological Catheters o Foley Catheters Silicone Foley Catheters Latex Foley Catheters Others o Intermittent Catheters Hydrophilic Catheters Coated Catheters o External Catheters Male External Catheters Female External Catheters o Others • Neurovascular Catheters o Microcatheters o Aspiration Catheters o Balloon Catheters
Material • Silicone-Based Catheters o High-Purity Silicone o Standard Silicone • Polymer-Based Catheters o PTFE (Teflon) o Polyurethane • Others
List of Market Players 1. Abbott Laboratories (USA) 2. Boston Scientific Corporation (USA) 3. Medtronic (USA) 4. Teleflex Incorporated (USA) 5. B. Braun Melsungen AG (Germany) 6. Cook Medical (USA) 7. Cardinal Health (USA) 8. Terumo Corporation (Japan) 9. C. R. Bard (USA) 10. Smiths Medical (USA) 11. ConvaTec Group (UK) 12. Merit Medical Systems (USA) 13. Coloplast (Denmark) 14. Edwards Lifesciences (USA) 15. Nipro Corporation (Japan)
Drivers North America catheters market is expected to rise due to rising incidence of chronic conditions, for instance, cardiovascular diseases, diabetes, and urinary tract infections. Growing older populations across the region tend to fuel demand for urinary catheters, and innovations in minimally invasive surgical procedures propel the demand for sophisticated cardiovascular and neurovascular catheters. The healthcare infrastructure-related initiatives undertaken by governments, coupled with growing numbers of outpatient surgeries, help expand this market. Continuous investment in R&D for catheter innovation, such as antimicrobial coatings and biocompatibility, also boosts their acceptance across medical facilities. Patients' awareness about advanced medical devices further propels the market dynamics.
Restraints Despite strong growth, the North America Catheters Market is still hindered by rigid regulatory frameworks that slow the pace of product approvals. Due to high costs associated with cutting-edge catheter technologies, the pressure of healthcare expenditure in a few regions of the country, and risks of infection, catheter-associated complications, and technical issues arising during surgical procedures, many users are discouraged from usage. Availability of alternative methods for treatment also restricts growth in the market. The market further faces challenges from the limitations in awareness of the newer innovations in smaller healthcare facilities and developing regions.
Opportunities Emerging technologies such as drug-eluting catheters, 3D imaging-guided devices, and AI-assisted diagnostics are promising enough for the North America Catheters Market. Growing telemedicine and home health care trends raise a greater demand for user-friendly catheters. Companies investing in sustainable production methods as well as eco-friendly raw materials can tap into such eco-conscious segments. Growing health care investments in emerging regions of North America with collaboration between private players and service providers is opening up expansionary avenues for the market. Other opportunities are also available, mainly through meeting unmet demands related to pediatric and specialty catheters.
Trends The North America catheters market is shifting to personalized and smart catheters embedded with sensors to monitor data in real-time. Hybrid catheters which combine drug delivery and drainage functionalities are emerging. Use of antimicrobial and infection-resistant coatings is becoming common in new designs for combating infections associated with catheters. Environment-friendly, recyclable, and recyclable materials are increasingly becoming popular among the manufacturers due to sustainability mandates. With robotics and AI integration, the catheter-based procedure achieves more precision and enhances outcomes in patients, thereby providing a benchmark for innovation.
Key Target Audience • Hospitals • Medical Device Manufacturers • Healthcare Investors • Regulatory Agencies • Research Institutions
Frequently Asked Questions (FAQ's)
Increasing prevalence of chronic diseases and advancements in medical technology.
Cardiovascular catheters dominate due to their extensive use in heart procedures.
Regulatory hurdles and risks of infections are key restraints.
Innovation in smart catheters and expansion in telemedicine create growth opportunities.
A steady CAGR from 2023 to 2030 is anticipated, driven by increasing demand.
1. Introduction 1.1 Report Description 1.2 Research Methodology 1.2.1 Data Mining 1.2.2 Market Modeling and Forecasting 1.2.3 Data Validation 1.2.4 Industry Analysis
2. Market Dashboard
3. Market Overview 3.1 Market Definition and Scope 3.2 Market Segmentation 3.2.1 By Product Type • Cardiovascular Catheters o Diagnostic Catheters o Interventional Catheters o Electrophysiology Catheters • Urological Catheters o Foley Catheters o Intermittent Catheters o External Catheters • Neurovascular Catheters o Microcatheters o Aspiration Catheters o Balloon Catheters 3.2.2 By Material • Silicone-Based Catheters o High-Purity Silicone o Standard Silicone • Polymer-Based Catheters o PTFE (Teflon) o Polyurethane 3.2.3 By End-User • Hospitals • Specialty Clinics • Ambulatory Surgical Centers • Home Healthcare 3.2.4 By Application • Cardiovascular Disorders • Neurological Conditions • Urological Diseases • Others 3.3 Market Dynamics 3.3.1 Drivers 3.3.2 Restraints 3.3.3 Opportunities 3.3.4 Challenges
4. North America Catheters Market by Product Type 4.1 Introduction 4.2 Market Size and Growth Rate by Product Type (2024-2030) 4.2.1 Cardiovascular Catheters 4.2.2 Urological Catheters 4.2.3 Neurovascular Catheters 4.2.4 Others
5. North America Catheters Market by Material 5.1 Introduction 5.2 Market Size and Growth Rate by Material (2024-2030) 5.2.1 Silicone-Based Catheters 5.2.2 Polymer-Based Catheters 5.2.3 Others
6. North America Catheters Market by End-User 6.1 Introduction 6.2 Market Size and Growth Rate by End-User (2024-2030) 6.2.1 Hospitals 6.2.2 Specialty Clinics 6.2.3 Ambulatory Surgical Centers 6.2.4 Home Healthcare
7. North America Catheters Market by Application 7.1 Introduction 7.2 Market Size and Growth Rate by Application (2024-2030) 7.2.1 Cardiovascular Disorders 7.2.2 Neurological Conditions 7.2.3 Urological Diseases 7.2.4 Others
8. Competitive Landscape 8.1 Company Profiles 8.1.1 Abbott Laboratories (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.2 Boston Scientific Corporation (United States) 8.1.3 Medtronic (United States) 8.1.4 Teleflex Incorporated (United States) 8.1.5 B. Braun Melsungen AG (Germany) 8.1.6 Cook Medical (United States) 8.1.7 Cardinal Health (United States) 8.1.8 Terumo Corporation (Japan) 8.1.9 C. R. Bard (United States) 8.1.10 Smiths Medical (United States) 8.1.11 ConvaTec Group (United Kingdom) 8.1.12 Merit Medical Systems (United States) 8.1.13 Coloplast (Denmark) 8.1.14 Edwards Lifesciences (United States) 8.1.15 Nipro Corporation (Japan)
9. Conclusion and Recommendations
10. Appendix 10.1 List of Tables • Market Size by Product Type (2024-2030) • Market Share by Material (2023) • Growth Rate by End-User (2024-2030) • Top Players Revenue Comparison (2023)
10.2 List of Figures • Market Segmentation by Product Type (2024) • Regional Analysis of Market Share (2024) • Competitive Landscape Overview (2023) • Pipeline Products Overview
Research Methodology
The process of market research at Ultra Market Research is an iterative in application and usually follows following path. Information from secondary used to build data models, then results from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new Information is again incorporated into data model. The process continues till desired level of Information is not generated
To calculate the market size, the report considers the revenue generated from the sales of Ultra Market Research providers. The revenue generated from the sales of Ultra Market Research has been calculated through primary and secondary research. The report also presents the key players operating in the Ultra Market Research market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes distribution channel segmentation determined using secondary sources and verified through primary sources.
Secondary Research
The secondary research source that are typically referred to include, but are not limited to:
Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
Internal and external proprietary databases, relevant patent and regulatory databases
National government documents, statistical databases and market reports
News articles, press releases and web-casts specific to the companies operating in the market
The source for secondary research includes but is not limited to: Factiva, Hoovers and Statista
Inner Circle Represents – Stage of Research Process
Middle Circle Represents – Source of Information
Outer Circle Represents – Information Derived from that source
Primary Research We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
It provides first-hand Information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
Helps in validating and strengthening the secondary research findings
Further develops the analysis team’s expertise and market understanding
Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
The participants who typically take part in such a process include, but are not limited to:
Industry participants: CEOs, VPs, marketing/ distribution channel managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry distribution channels
Models Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data distribution channels to produce estimates:
Demographic data: Population split by segment
Macro-economic indicators: GDP, etc.
Industry indicators: Expenditure, distribution channel stage & infrastructure, sector growth and facilities.
Data is then cross checked by the expert panel.
2..1 Company Share Analysis Model
Company share analysis is used to derive the size of North American market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps: 2..2 Revenue Based Modeling
Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
2.1 Research Limitations Inflation is not a part of pricing in this report. Prices of North America Catheters Market and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each distribution channel has been taken into account while estimating and forecasting market revenue Globally. Regional average price has been considered while breaking down this market by application in each region. This report provides market size of North America Catheters Market for the past year and forecasts for the next six years. North America Catheters Market size is given in terms of revenue. Market revenue is defined in USD Million. Market numbers are given on the basis of different North America Catheters Market categories. Market size and forecasts for each major application is provided in the context of Global market. The numbers provided in this report are derived on the basis of demand for North America Catheters Market from different application industries in different regions.
Segmentation Product Type • Cardiovascular Catheters o Diagnostic Catheters Imaging Catheters Pressure Monitoring Catheters Others o Interventional Catheters PTCA Catheters Atherectomy Catheters o Electrophysiology Catheters Ablation Catheters Mapping Catheters o Others • Urological Catheters o Foley Catheters Silicone Foley Catheters Latex Foley Catheters Others o Intermittent Catheters Hydrophilic Catheters Coated Catheters o External Catheters Male External Catheters Female External Catheters o Others • Neurovascular Catheters o Microcatheters o Aspiration Catheters o Balloon Catheters
Material • Silicone-Based Catheters o High-Purity Silicone o Standard Silicone • Polymer-Based Catheters o PTFE (Teflon) o Polyurethane • Others
