PUBLISHER: Acute Market Reports | PRODUCT CODE: 1176019
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1176019
Intravascular Catheters Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Industry Outlook
The intravascular catheters market is set to reach US$ 8,051.7 Mn by 2027 from US$ 4,034.7 Mn in 2018 showcasing balanced growth at a compounded annual growth rate (CAGR) of 8.0% during the forecast period from 2019 to 2027. The major drivers associated with the intravascular catheters market growth are significant rise in inpatient surgical procedures in hospitals for treatment of chronic illness and increasing demand for catheters in minimal invasive surgical procedures conducted in catheterization labs & ambulatory care centers. Medical device manufactures are working diligently to minimize the risk associated with catheters such as phlebitis and catheter associated blood stream infection (CABSI).
Low cost and easy insertion technique drives the market growth for short PIVC
Short PIVC are reigning the product segment for intravascular catheters market. Healthcare professionals prefer short PIVC owing to its low cost and easy insertion technique in recommended sites such as wrist or antecubital vein etc. The limitation associated with short PIVC are the frequent movement of the inserted needle causes phlebitis, infiltration, and dislodgment thereby causing pain and discomfort to the ailing patient. Integrated PIVC are gaining huge traction owing to its inherent feature such as advanced stabilization frame which reduces inserted catheters movement and nullifies the need for add on securement devices. Use of integrated PIVC has reduced the occurrence of phlebitis and catheter associated blood stream infection (CABSI).
Increasing demand for minimal invasive surgical procedures pertaining to trauma incidence and cardiovascular complication together drive the other applications
Other applications are dominating the segment in the global intravascular catheters market. As per the statistics provided by World Health Organization (WHO), each year throughout the world 17.9 million people die due to cardiovascular complications. It represents 31% of all the deaths occurring worldwide, scientist opine that early surgical intervention can help in curbing this huge mortality rate. Increasing demand for minimal invasive surgical procedures related to cardiovascular disease and trauma cases together drive the other applications market growth. Infectious disease are on a rise in the tropical and subtropical regions due to the climate favoring microbial growth. Rising prevalence of hospital acquired infection and rising public health awareness will result in early medical interventions pertaining to infectious disease.
Rising prevalence of hospital acquired infection and existence of sophisticated healthcare infrastructure drive the market growth in North America
North America currently holds 32% market share and is the clear leader in the regional segment for intravascular catheters market. The important parameters contributing towards its market dominance are rising prevalence of hospital acquired infections and existence of sophisticated healthcare infrastructure. Presence of major players such as Terumo Corporation, Boston Scientific Corporation, Johnson & Johnson etc. further bolster the market growth in North America region. Europe is presently in the second position in the regional segment with 30% share owing to the favorable reimbursement scenario for intravascular catheters and significant rise in the number of impatient surgeries performed to treat chronic ailments. Asia Pacific represents 20% market share primarily due to huge population base suffering with cardiovascular and renal disorders and significant rise in medical tourism.
Medical device manufacturers providing intravascular catheters are: Boston Scientific Corporation, Terumo Corporation, Medtronic, Plc., Getinge AB, Cook Medical, Johnson & Johnson, C.R.Bard, Inc., McKesson Medical Surgical, Inc., Edwards, Life Sciences Corporation and Coloplast A/S.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Intravascular Catheters market are as follows:
- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Intravascular Catheters market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Product
- Integrated/Closed PIVC
- Short PIVC
Application
- Renal Disease
- Infectious Disease
- Oncology
- Gastroenterology
- Others
Region Segment (2020-2030; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
- Pre COVID-19 situation
- Post COVID-19 situation
Key questions answered in this report:
- What are the key micro and macro environmental factors that are impacting the growth of Intravascular Catheters market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Intravascular Catheters market?
- Which is the largest regional market for Intravascular Catheters market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Intravascular Catheters market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Intravascular Catheters market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Intravascular Catheters Market
- 2.2. Global Intravascular Catheters Market, By Product, 2021 (US$ Million)
- 2.3. Global Intravascular Catheters Market, By Application, 2021 (US$ Million)
- 2.4. Global Intravascular Catheters Market, By Geography, 2021 (US$ Million)
- 2.5. Impact of Covid 19
- 2.6. Attractive Investment Proposition by Geography, 2021
- 2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Intravascular Catheters Market Vendors
- 2.7.2. Strategies Adopted by Intravascular Catheters Market Vendors
- 2.7.3. Key Industry Strategies
3. Intravascular Catheters Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Intravascular Catheters Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Intravascular Catheters Market: By Product, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Integrated/Closed PIVC
- 4.3.2. Short PIVC
5. Intravascular Catheters Market: By Application, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Renal Disease
- 5.3.2. Infectious Disease
- 5.3.3. Oncology
- 5.3.4. Gastroenterology
- 5.3.5. Others
6. North America Intravascular Catheters Market, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Intravascular Catheters Market: By Product, 2020-2030, USD (Million)
- 6.3. Intravascular Catheters Market: By Application, 2020-2030, USD (Million)
- 6.4.Intravascular Catheters Market: By Region, 2020-2030, USD (Million)
- 6.4.1.North America
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.1.3. Rest of North America
- 6.4.1.North America
7. UK and European Union Intravascular Catheters Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Intravascular Catheters Market: By Product, 2020-2030, USD (Million)
- 7.3. Intravascular Catheters Market: By Application, 2020-2030, USD (Million)
- 7.4.Intravascular Catheters Market: By Region, 2020-2030, USD (Million)
- 7.4.1.UK and European Union
- 7.4.1.1. UK
- 7.4.1.2. Germany
- 7.4.1.3. Spain
- 7.4.1.4. Italy
- 7.4.1.5. France
- 7.4.1.6. Rest of Europe
- 7.4.1.UK and European Union
8. Asia Pacific Intravascular Catheters Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Intravascular Catheters Market: By Product, 2020-2030, USD (Million)
- 8.3. Intravascular Catheters Market: By Application, 2020-2030, USD (Million)
- 8.4.Intravascular Catheters Market: By Region, 2020-2030, USD (Million)
- 8.4.1.Asia Pacific
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.1.5. South Korea
- 8.4.1.6. Rest of Asia Pacific
- 8.4.1.Asia Pacific
9. Latin America Intravascular Catheters Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Intravascular Catheters Market: By Product, 2020-2030, USD (Million)
- 9.3. Intravascular Catheters Market: By Application, 2020-2030, USD (Million)
- 9.4.Intravascular Catheters Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Latin America
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.1.Latin America
10. Middle East and Africa Intravascular Catheters Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Intravascular Catheters Market: By Product, 2020-2030, USD (Million)
- 10.3. Intravascular Catheters Market: By Application, 2020-2030, USD (Million)
- 10.4.Intravascular Catheters Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Middle East and Africa
- 10.4.1.1. GCC
- 10.4.1.2. Africa
- 10.4.1.3. Rest of Middle East and Africa
- 10.4.1.Middle East and Africa
11. Company Profile
- 11.1. Boston Scientific Corporation
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. Coloplast A/S
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. C.R.Bard, Inc.
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. Cook Medical
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. Edwards Life Sciences Corporation
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. Getinge AB
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. Johnson & Johnson
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. Medtronic, Plc.
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. McKesson Medical Surgical, Inc.
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. Terumo Corporation
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Intravascular Catheters Market By Product, 2020-2030, USD (Million)
- TABLE 2 Global Intravascular Catheters Market By Application, 2020-2030, USD (Million)
- TABLE 3 North America Intravascular Catheters Market By Product, 2020-2030, USD (Million)
- TABLE 4 North America Intravascular Catheters Market By Application, 2020-2030, USD (Million)
- TABLE 5 UK and European Union Intravascular Catheters Market By Product, 2020-2030, USD (Million)
- TABLE 6 UK and European Union Intravascular Catheters Market By Application, 2020-2030, USD (Million)
- TABLE 7 Asia Pacific Intravascular Catheters Market By Product, 2020-2030, USD (Million)
- TABLE 8 Asia Pacific Intravascular Catheters Market By Application, 2020-2030, USD (Million)
- TABLE 9 Latin America Intravascular Catheters Market By Product, 2020-2030, USD (Million)
- TABLE 10 Latin America Intravascular Catheters Market By Application, 2020-2030, USD (Million)
- TABLE 11 Middle East and Africa Intravascular Catheters Market By Product, 2020-2030, USD (Million)
- TABLE 12 Middle East and Africa Intravascular Catheters Market By Application, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Intravascular Catheters Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Intravascular Catheters Market: Quality Assurance
- FIG. 5 Global Intravascular Catheters Market, By Product, 2021
- FIG. 6 Global Intravascular Catheters Market, By Application, 2021
- FIG. 7 Global Intravascular Catheters Market, By Geography, 2021
- FIG. 8 Global Intravascular Catheters Market, By Product, 2021 Vs 2030, %
- FIG. 9 Global Intravascular Catheters Market, By Application, 2021 Vs 2030, %
- FIG. 10 U.S. Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 11 Canada Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 12 Rest of North America Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 13 UK Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 14 Germany Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 15 Spain Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 16 Italy Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 17 France Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 18 Rest of Europe Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 19 China Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 20 Japan Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 21 India Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 22 Australia Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 23 South Korea Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 24 Rest of Asia Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 25 Brazil Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 26 Mexico Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 27 Rest of Latin America Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 28 GCC Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 29 Africa Intravascular Catheters Market (US$ Million), 2020 - 2030
- FIG. 30 Rest of Middle East and Africa Intravascular Catheters Market (US$ Million), 2020 - 2030
