PUBLISHER: The Business Research Company | PRODUCT CODE: 2040024
PUBLISHER: The Business Research Company | PRODUCT CODE: 2040024
The catheters market refers to the global commercial industry that encompasses the manufacture, distribution, and sale of medical catheters flexible tubular devices that are inserted into the body to deliver or remove fluids, aid in diagnosis, support interventional procedures, and facilitate the treatment of various health conditions.
The catheters market consists of sales by entities (organizations, sole traders, or partnerships) of thin, flexible tubes designed for insertion into body cavities, ducts, or vessels to manage fluids. These medical devices primarily drain urine from the bladder in cases of retention, deliver medications or nutrients intravenously, or facilitate diagnostic procedures like angiography.
The global catheters market was valued at $20,935.3 million in 2020 which grew till 2025 at a compound annual growth rate (CAGR) of more than 10.00%.
Surge In Neurological Conditions
During the historic period, the surge in neurological conditions supported the growth of the catheters market. Rising incidence of stroke, cerebral aneurysms, and other neurological disorders led to higher utilization of catheter-based techniques for clot retrieval, embolization, and cerebral angiography. Catheters enabled minimally invasive access to complex neurovascular anatomy, improving treatment precision and patient outcomes. Advances in neurointerventional care and growing adoption of endovascular therapies further expanded procedural volumes. Additionally, increased investment in specialized neurological care centres and improved awareness of early intervention contributed to sustained demand for advanced catheter technologies across global healthcare systems. For instance, in December 2025, according to the Australian Institute of Health and Welfare, an Australia-based government agency, reported that in 2022, around 8.7% of all Australians (about 2.2 million people) and 9.3% of Aboriginal and Torres Strait Islander people in 2022-23 was living with at least one long-term neurological condition. And, in 2023-24, there were nearly 365,000 hospitalizations and over 132,000 emergency department visits primarily due to neurological conditions. Therefore, the surge in neurological conditions drove the growth of the catheters market.
Expanded Regulatory Approval For Advanced Coronary Intervention Applications
Major companies operating in the catheters market are focusing on expanding regulatory approvals, strengthening clinical evidence, and broadening indications for advanced catheter technologies to address complex disease profiles and improve patient outcomes. For instance, in May 2025, Medtronic plc, a US-based medical device manufacturing company, received expanded CE Mark approval for its Prevail paclitaxel-coated PTCA balloon catheter, broadening its use in treating coronary artery disease, including complex bifurcation lesions. The updated indications make Prevail the only drug-coated balloon approved in Europe for patients with multivessel disease, acute coronary syndrome, and diabetes. Approval was supported by strong real-world evidence from the Swedish Swedish Coronary Angiography and Angioplasty Registry (SCAAR) iregistry and subgroup data presented at European Association for Percutaneous Cardiovascular Interventions (EuroPCR), showing low rates of myocardial infarction, revascularization, and thrombosis. With proven deliverability and durable outcomes, Prevail strengthens Medtronic's portfolio for managing increasingly complex coronary interventions across global markets.
The global catheters market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 13.05% of the total market in 2024.
Catheters Global Market Opportunities And Strategies To 2035 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global catheters market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for catheters? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The catheters market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider catheters market; and compares it with other markets.