INDIA CATHETERS MARKET ANALYSIS

India Catheters MarketSize and Trends

India catheters market is estimated to be valued at US$ 858.5 million in 2023 and is expected to exhibit a CAGR of 17.3% during the forecast period (2023-2030).

Figure 1. India Catheters Market Value (US$ Mn) & Y-o-Y Growth (%), 2018-2030

Figure 2. India Catheters Market Share (%), By Type, 2023

India Catheters Market– Drivers

India Catheters Market- Key Trends

Increase healthcare expenditure

Increase in healthcare expenditure by the government of India is expected to boost the India catheter market over the forecast period. For instance, in September 2022, according to the International Trade Administration of the U.S. Department of Commerce, the Indian healthcare industry reached US$ 190 billion in 2020, and, according to the India Brand Equity Foundation, it is expected to reach US$ 370 billion by 2024-2025. This increase is due to the growing demand for specialized and higher-quality healthcare facilities. The products and services driving this growth include hospitals, medical devices, clinical trials, telemedicine, medical tourism, health insurance, and medical equipment. The industry’s rapid development is fueled by large investments from existing corporate hospital chains and new entrants backed by private equity investors.