CATHETERS MARKET ANALYSIS

Catheters MarketSize and Trends

The global catheters market was valued at US$ 43.18 Bn in 2022 and is forecast to reach a value of US$ 84.50 Bn by 2030 at a CAGR of 6.4% between 2023 and 2030. The global catheters market is experiencing strong growth owing to the increasing demand for catheters and increasing prevalence of chronic disorders across the world. Moreover, rising number of minimally invasive surgeries and growing geriatric population across the globe is expected to boost the growth of the market. However, factors such as risks and complications associated with catheters and presence of the substitutes are expected to hamper the market growth.

Figure 1. Global Catheters Market Share (%), by Region, 2023

Figure 2. Global Catheters Market Share (%), By Product, 2023

Market Trends:

High demand for antimicrobial catheters is a recent trend

Repeated use of catheters can lead to catheter-related infections, like Catheter-associated Urinary Tract Infections (CAUTIs). Catheters infused with antimicrobials, antibiotics, or antimycotics are thought to reduce bacterial colonization and help decrease catheter colonization reducing catheter-related infections. Antimicrobial catheters mixed or coated with antibacterial agents, such as silver hydrogel and nitrofural, are considered effective in preventing CAUTIs. This trend is expected to continue over the forecast period, driving the market growth.

Increase in demand for urinary catheter is another trend

A urinary catheter is usually used in people who have difficulty passing urine naturally. It can also be used to empty the bladder before or after surgery and to help perform certain tests. Used for a variety of medical conditions, urinary catheters are an important device to help empty bladder and prevent kidney failure. Thus, with the increasing incidence of urological disorders, the demand for urinary catheters is also increasing as they are used for those who suffer from urological disorders.  This trend is also expected to continue over the forecast period.