Catheters Market Outlook To 2024: Key Product Categories (Cardiovascular, Urology, Intravenous, Neurovascular, Specialty), Regional Segmentation, Competitive Dynamics, M&A Insights, Pricing Analysis (OPP, IPP, RAP), And Segment Forecast

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The global catheters market was valued at $31.1bn in 2016 and is anticipated to reach over $63.5bn by 2024.

 

The global catheters market is anticipated to grow at a lucrative CAGR of over 9% over the forecast period. The rapid increase in the prevalence of cardiovascular diseases, urological, neurovascular diseases is strongly driving the market demand. In addition, the factors such as technological advancements, improvement in reimbursement coverage, growing demand for minimally invasive surgeries (MIS), are anticipated to reinforce growth prospects over the forecast period positively.

 

The changes in lifestyle factors such as smoking, substance abuse, junk food and lack of physical activity are significantly contributing to rise in prevalence of cardiovascular diseases across the globe. As per the U.S., CDC cardiovascular diseases are the leading cause of death in both male and females. Each year nearly 735,000 people suffer from heart attack and 610,000 people die due to different heart diseases. The most prevalent condition is the coronary heart disease, which leads to a death of over 370,000 people annually. The growing prevalence of cardiovascular diseases is expected to propel the usage rates of catheters over the forecast period.

 

The use of catheters unnecessarily or used without proper monitoring for long-term can lead to infections. As per the U.S., CDC, nearly 15% to 20% of people admitted to the hospitals require urinary catheterization and urinary tract infections account for nearly 75% of hospital acquired infections, which is a major factor hindering the usage of these products. However, the new generation products are developed using the most advanced materials to improve the ease of operation, prevent infections, and reach deeper regions in the body which were previously inaccessible. These technological advancements in catheter research & development and manufacturing are expected to propel sales over the forecast period.

 

Catheters Market 2024

 

Pricing Analysis

 

“Optimal Price Point (OPP) for Catheters”

 

Estimated Average catheter product cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

On an average, the cardiac catheterization costs between USD 1,500 to USD 4,000 depending on the procedure. However, the catheters are priced at different price points based on the raw materials, technology and intended use. The average prices of most of the catheters are in the range of USD 0.85 to USD 5 per unit. However the average prices per box vary when purchased in bulk quantities by hospitals and other group purchase organizations.

 

Catheters Market by “Product”

 

The catheters market by product is categorized as cardiovascular, urology, neurovascular, specialty and intravenous. In 2016, cardiovascular catheters accounted for the majority share of over 39%, due to the high prevalence of cardiovascular diseases. The urology catheters segment is anticipated to register the highest CAGR of over 10% from 2017 to 2024.

 

The introduction of technologically advanced catheters with antimicrobial coating, rising demand for minimally invasive surgeries, use of advanced extrusion techniques are expected to play a vital role in market expansion over the next few years. These advanced catheters consist of a thin walled reinforced tube/shaft with multiple durometers to enable mapping of the cardiovascular system, placement of heart valves, stents, removal of emboli and perform other medical interventions.

 

Regional Segmentation

 

The regional segmentation highlights the different market dynamics across North America, Europe, Asia Pacific, Latin America, Middle East & Africa. In 2016, North America accounted for the maximum revenue share of over 41% due to the high disease burden, growing number of MIS surgeries and introduction of novel products to mitigate the “Catheter Acquired Urinary Infections.” The U.S. is the dominant player in the region and accounts for over 85% share in the region due to the presence of well-developed reimbursement framework, availability of Cath labs with modern infrastructure, and high patient turnover.

 

Asia Pacific is expected to outperform other regions by registering the highest CAGR of over 10% through the forecast period. Increasing healthcare expenditure to improve infrastructure and access to healthcare, growing penetration of insurance coverage, the rise in patient volume due to medical tourism are some of the factors boosting the market. Furthermore, growing government initiatives to promote the local medical device manufacturing and ensure a reduction in prices and improve market competition are also anticipated to the usage volume over the forecast period.

 

“Competitive Landscape” and “Merger & Acquisition Insights”

 

The key players in the market include Abbott, Medtronic, Johnson & Johnson, and Boston Scientific. Apart from these, companies such as Coloplast, Stryker, Edwards Life Sciences Corporation, Rochester Medical Corporation, B.Braun also have a significant presence in the market. Due to the high competition, the large players are actively scouting for potential startups with capabilities in 3D designing, imaging, and sensor technology to strengthen their product portfolio and retain the competitive edge in the fast-growing market. Some of the recent transactions witnessed in the market include,

 

  • In 2017, Becton Dickinson had acquired C.R. Bard for a valuation of USD 24 billion, to create a highly differentiated medical technology company
  • In 2017, Merit Medical Systems, Inc., had acquired the medical devices and catheter product line from Argon Medical Devices and Catheter Connections for a value of USD 48 million
  • In 2017, Abbott completed the acquisition of St. Jude Medical, Inc.

 

Market Segmentation

 

Catheters Market by Product (Revenue, Million, 2014 – 2024)

  • Cardiovascular Catheters
  • Urology Catheters
  • Neurovascular Catheters
  • Intravenous Catheters
  • Specialty Catheters
  • Others

Catheters Market Regional Outlook (Revenue, USD Million, 20124- 2024)

 

North America

  • U.S.
  • Canada

Europe

  • UK
  • Germany
  • France
  • Italy
  • Spain

Asia Pacific

  • Japan
  • China
  • India

Latin America

  • Brazil
  • Mexico
  • Columbia

Middle East and Africa

  • South Africa
  • Saudi Arabia

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Catheters Market Overview

  • Global Disease Landscape
  • Global Healthcare Expenditure

Chapter 4 Catheters Market Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size and Growth Prospects
  • Leading Brand Dynamics
  • Key Market Drivers
    • Increasing Geriatric Population
    • Growing number of MIS Surgeries
    • Rise in Prevalence of Cardiovascular Diseases
    • Growing Demand for Urological Catheters
  • Key Market Restraints
    • Lack of Adequate Reimbursement
    • Catheter Acquired Infections
  • Key Opportunities Prioritized
  • Industry Analysis - Porter’s
  • Catheters Market-PESTEL Analysis

Chapter 5: - Catheters Market by “Product” (USD Million)

Catheters Market Landscape by Product Type- 2016 & 2024
  • Urology Catheter
    • Market Landscape Analysis, 2016-2024 (USD Mn)
  • Cardiovascular Catheter
    • Market Landscape Analysis, 2016-2024 (USD Mn)
  • Neurovascular Catheter
    • Market Landscape Analysis, 2016-2024 (USD Mn)
  • Specialty Catheter
    • Market Landscape Analysis, 2016-2024 (USD Mn)
  • Catheter
    • Market Landscape Analysis, 2016-2024 (USD Mn)
 

Chapter 6: Regional Market Outlook

Catheters Market Landscape by Region- 2016
  • North America Market Landscape Analysis, 2016-2024 (USD Mn)
    • U.S. Market Landscape Analysis, 2016-2024
    • Canada Market Landscape Analysis-2016-2024
  • Europe Market Landscape Analysis, 2016-2024 (USD Mn)
    • UK Market Landscape Analysis, 2016-2024
    • Germany Market Landscape Analysis, 2016-2024
    • France Market Landscape Analysis, 2016-2024
    • Italy Market Landscape Analysis, 2016-2024
    • Spain Market Landscape Analysis, 2016-2024
  • Latin America Market Landscape Analysis, 2016-2024 (USD Mn)
    • Brazil Market Landscape Analysis, 2016-2024
    • Mexico Market Landscape Analysis, 2016-2024
    • Colombia Market Landscape Analysis, 2016-2024
  • Asia pacific Market Landscape Analysis, 2016-2024 (USD Mn)
    • Japan Market Landscape Analysis, 2016-2024
    • China Market Landscape Analysis, 2016-2024
    • India Market Landscape Analysis, 2016-2024
  • Middle East & Africa Market Landscape Analysis, 2014-2024 (USD Mn)
    • Saudi Arabia Market Landscape Analysis, 2014-2024
    • South Africa Market Landscape Analysis, 2014-2024
 

Chapter 7: Pricing Analysis

  Optimal Price Points (OPP), Indifference price points (IPP) and Range of Acceptable Prices and (RAP) of leading brands by Region- 2016
  • North America Pricing Analysis (OPP, IPP, and RAP - 2016)
    • U.S. Pricing Analysis-2016
    • Canada Pricing Analysis-2016
  • Europe Pricing Analysis (OPP, IPP, and RAP - 2016)
    • UK Pricing Analysis-2016
    • Germany Pricing Analysis-2016
    • France Pricing Analysis-2016
    • Italy Pricing Analysis-2016
    • Spain Pricing Analysis-2016
  • Latin America Pricing Analysis (OPP, IPP, and RAP - 2016)
    • Brazil Pricing Analysis-2016
    • Mexico Pricing Analysis-2016
    • Colombia Pricing Analysis-2016
  • Asia Pacific Pricing Analysis (OPP, IPP, and RAP - 2016)
    • Japan Pricing Analysis-2016
    • China Pricing Analysis-2016
    • India Pricing Analysis-2016
  • Middle East Pricing Analysis (OPP, IPP, and RAP - 2016)
    • Saudi Arabia Pricing Analysis-2016
    • South Africa Pricing Analysis-2016

Chapter 8: Catheters Pipeline Analysis

  • Executive Summary
  • Late Stage Pipeline analysis
  • Key R&D trends

Chapter 9: Catheters Merger &Acquisition Outlook

  • Factors driving M&A in Catheters market
  • Key trends and future outlook

Chapter 10: Competitive Landscape

  • Johnson & Johnson
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Medtronic
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Abbott Laboratories
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Coloplast
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Edwards Life Sciences Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Rochester Medical Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Smiths Medical
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Arrow International Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Boston Scientific Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Stryker Corporation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • ConvaTec
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Braun Melsungen AG
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • C R Bard
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Hollister Incorporated
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
    List of Tables  
  • TABLE 1 Catheters Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global Catheters Market, 2014 – 2024
  • TABLE 3 Global Catheters Market Analysis by Product-2016
  • TABLE 4 Global Catheters Market Analysis by Technology -2016
  • TABLE 5 Global Catheters Market Analysis by Application-2016
  • TABLE 7 Global Catheters Market Analysis by Geography-2016
  • TABLE 8 Global Catheters Market Analysis by Leading Brands-2016
  • TABLE 9 Catheters Market - Key market driver analysis
  • TABLE 10 Catheters Market - Key market restraint analysis
  • TABLE 11 North America Market Catheters Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 12U.S. Catheters Market Landscape Analysis, 2016-2024
  • TABLE 13 Canada Catheters Market Landscape Analysis, 2016-2024
  • TABLE 14 Europe Catheters Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 15 U.K Catheters Market Landscape Analysis, 2016-2024
  • TABLE 16 Germany Catheters Market Landscape Analysis, 2016-2024
  • TABLE 17 France Catheters Market Landscape Analysis, 2016-2024
  • TABLE 18 Italy Catheters Market Landscape Analysis, 2016-2024
  • TABLE 19 Spain Catheters Market Landscape Analysis, 2016-2024
  • TABLE 20 Latin America Catheters Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 21 Brazil Catheters Market Landscape Analysis, 2016-2024
  • TABLE 22 Mexico Catheters Market Landscape Analysis, 2016-2024
  • TABLE 20 Colombia Catheters Market Landscape Analysis, 2016-2024
  • TABLE 21 Asia pacific Catheters Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 22 Japan Catheters Market Landscape Analysis, 2016-2024
  • TABLE 23 China Catheters Market Landscape Analysis, 2016-2024
  • TABLE 24 India Catheters Market Landscape Analysis, 2016-2024
  • TABLE 25 North America Pricing Analysis
  • TABLE 26 North America Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 27 U.S. Pricing Analysis-2016
  • TABLE 28 Canada Pricing Analysis-2016
  • TABLE 29 Europe Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 30 U.K Pricing Analysis-2016
  • TABLE 31 Germany Pricing Analysis-2016
  • TABLE 32 France Pricing Analysis-2016
  • TABLE 33 Italy Pricing Analysis-2016
  • TABLE 34 Spain Pricing Analysis-2016
  • TABLE 35 Latin America Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 36 Brazil Pricing Analysis-2016
  • TABLE 37 Mexico Pricing Analysis-2016
  • TABLE 38 Colombia Pricing Analysis-2016
  • TABLE 39 Asia Pacific Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 40 Japan Pricing Analysis-2016
  • TABLE 41 China Pricing Analysis-2016
  • TABLE 42 India Pricing Analysis-2016
  • TABLE 43 Middle East Pricing Analysis (OPP, IPP, and RAP- 2016)
  • TABLE 44 Saudi Arabia Pricing Analysis-2016
  • TABLE 45 South Africa Pricing Analysis-2016
  List of Figures  
  • 1 Catheters Market Segmentation
  • 2 Market Size & Growth Prospects
  • 3 Leading Brand Dynamics
  • 4 Penetration & Growth Prospects
  • 5 Industry Analysis – Porter’s
  • 6 Catheters Market – PESTEL Analysis
  • 7 Catheters Market Share by Product Type, 2016 & 2024
  • 8 Catheters Market Share by Region, 2016 & 2024

Key Insights Addressed:  

  • Defining market size from 2014 to 2016.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
    Key Findings:    
  • The global catheters market was valued at $31.1bn in 2016 and is anticipated to reach over $63.5bn by 2024.
  • As per the U.S., CDC cardiovascular diseases are the leading cause of death in both male and females. Each year nearly 735,000 people suffer from heart attack and 610,000 people die due to different heart diseases.
  • On an average, the cardiac catheterization costs between USD 1,500 to USD 4,000 depending on the procedure. However, the catheters are priced at different price points based on the raw materials, technology and intended use.
  • The U.S. is the dominant player in the region and accounts for over 85% share in the region due to the presence of well-developed reimbursement framework, availability of Cath labs with modern infrastructure, and high patient turnover.
  • The key players in the market include Abbott, Medtronic, Johnson & Johnson, and Boston Scientific. Apart from these, companies such as Coloplast, Stryker, Edwards Life Sciences Corporation, Rochester Medical Corporation, B.Braun also have a significant presence in the market.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

  1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
  2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brainstorming, key discussion pointers from various forums etc.
  3. Need Gap Analysis- Defining the gap between our scope and availability of information.
  4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
  5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting the primary interview with a structured questionnaire.
  6. Data Triangulation- We apply bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
  7. Analyst Comment- Each of our analysts carries large pool of experience from domain perspective and add their value which is directional in nature
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Description

The global catheters market was valued at $31.1bn in 2016 and is anticipated to reach over $63.5bn by 2024.

 

The global catheters market is anticipated to grow at a lucrative CAGR of over 9% over the forecast period. The rapid increase in the prevalence of cardiovascular diseases, urological, neurovascular diseases is strongly driving the market demand. In addition, the factors such as technological advancements, improvement in reimbursement coverage, growing demand for minimally invasive surgeries (MIS), are anticipated to reinforce growth prospects over the forecast period positively.

 

The changes in lifestyle factors such as smoking, substance abuse, junk food and lack of physical activity are significantly contributing to rise in prevalence of cardiovascular diseases across the globe. As per the U.S., CDC cardiovascular diseases are the leading cause of death in both male and females. Each year nearly 735,000 people suffer from heart attack and 610,000 people die due to different heart diseases. The most prevalent condition is the coronary heart disease, which leads to a death of over 370,000 people annually. The growing prevalence of cardiovascular diseases is expected to propel the usage rates of catheters over the forecast period.

 

The use of catheters unnecessarily or used without proper monitoring for long-term can lead to infections. As per the U.S., CDC, nearly 15% to 20% of people admitted to the hospitals require urinary catheterization and urinary tract infections account for nearly 75% of hospital acquired infections, which is a major factor hindering the usage of these products. However, the new generation products are developed using the most advanced materials to improve the ease of operation, prevent infections, and reach deeper regions in the body which were previously inaccessible. These technological advancements in catheter research & development and manufacturing are expected to propel sales over the forecast period.

 

Catheters Market 2024

 

Pricing Analysis

 

“Optimal Price Point (OPP) for Catheters”

 

Estimated Average catheter product cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

 

On an average, the cardiac catheterization costs between USD 1,500 to USD 4,000 depending on the procedure. However, the catheters are priced at different price points based on the raw materials, technology and intended use. The average prices of most of the catheters are in the range of USD 0.85 to USD 5 per unit. However the average prices per box vary when purchased in bulk quantities by hospitals and other group purchase organizations.

 

Catheters Market by “Product”

 

The catheters market by product is categorized as cardiovascular, urology, neurovascular, specialty and intravenous. In 2016, cardiovascular catheters accounted for the majority share of over 39%, due to the high prevalence of cardiovascular diseases. The urology catheters segment is anticipated to register the highest CAGR of over 10% from 2017 to 2024.

 

The introduction of technologically advanced catheters with antimicrobial coating, rising demand for minimally invasive surgeries, use of advanced extrusion techniques are expected to play a vital role in market expansion over the next few years. These advanced catheters consist of a thin walled reinforced tube/shaft with multiple durometers to enable mapping of the cardiovascular system, placement of heart valves, stents, removal of emboli and perform other medical interventions.

 

Regional Segmentation

 

The regional segmentation highlights the different market dynamics across North America, Europe, Asia Pacific, Latin America, Middle East & Africa. In 2016, North America accounted for the maximum revenue share of over 41% due to the high disease burden, growing number of MIS surgeries and introduction of novel products to mitigate the “Catheter Acquired Urinary Infections.” The U.S. is the dominant player in the region and accounts for over 85% share in the region due to the presence of well-developed reimbursement framework, availability of Cath labs with modern infrastructure, and high patient turnover.

 

Asia Pacific is expected to outperform other regions by registering the highest CAGR of over 10% through the forecast period. Increasing healthcare expenditure to improve infrastructure and access to healthcare, growing penetration of insurance coverage, the rise in patient volume due to medical tourism are some of the factors boosting the market. Furthermore, growing government initiatives to promote the local medical device manufacturing and ensure a reduction in prices and improve market competition are also anticipated to the usage volume over the forecast period.

 

“Competitive Landscape” and “Merger & Acquisition Insights”

 

The key players in the market include Abbott, Medtronic, Johnson & Johnson, and Boston Scientific. Apart from these, companies such as Coloplast, Stryker, Edwards Life Sciences Corporation, Rochester Medical Corporation, B.Braun also have a significant presence in the market. Due to the high competition, the large players are actively scouting for potential startups with capabilities in 3D designing, imaging, and sensor technology to strengthen their product portfolio and retain the competitive edge in the fast-growing market. Some of the recent transactions witnessed in the market include,

 

  • In 2017, Becton Dickinson had acquired C.R. Bard for a valuation of USD 24 billion, to create a highly differentiated medical technology company
  • In 2017, Merit Medical Systems, Inc., had acquired the medical devices and catheter product line from Argon Medical Devices and Catheter Connections for a value of USD 48 million
  • In 2017, Abbott completed the acquisition of St. Jude Medical, Inc.

 

Market Segmentation

 

Catheters Market by Product (Revenue, Million, 2014 – 2024)

  • Cardiovascular Catheters
  • Urology Catheters
  • Neurovascular Catheters
  • Intravenous Catheters
  • Specialty Catheters
  • Others

Catheters Market Regional Outlook (Revenue, USD Million, 20124- 2024)

 

North America

  • U.S.
  • Canada

Europe

  • UK
  • Germany
  • France
  • Italy
  • Spain

Asia Pacific

  • Japan
  • China
  • India

Latin America

  • Brazil
  • Mexico
  • Columbia

Middle East and Africa

  • South Africa
  • Saudi Arabia

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