The global catheters market size was valued at USD 45.26 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. A high prevalence rate of chronic disorders leading to hospitalization has fueled the growth of the market. In addition, the increasing inclination of midscale catheter manufacturers toward gaining a greater market share and a rise in the funding by various government bodies for R&D activities are expected to promote the market growth during the forecast period.
Patients who undergo general medication require catheters. The repeated use of catheters can lead to catheter-associated urinary tract infections (CAUTIs) and central line-associated bloodstream infections (CLABSIs). Patients suffering from chronic disorders usually have a weak immune system and require frequent hospitalization in healthcare facilities. The patients are at high risk of infection due to the frequent use of the catheter to access the blood vessels. Therefore, companies introduced antimicrobial catheters to reduce catheter-associated infection and the growing cases of thrombosis.
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Key Player Mentioned:
- Hollister Incorporated
- Medtronic
- Boston Scientific Corporation
- Edwards Lifesciences
- Smith Medical Inc.
- Teleflex Incorporated
- ConvaTec Group Plc
- Cure Medical LLC
Product Segment Analysis:
- Cardiovascular Catheters
- Urology Catheters
- Intravenous Catheters
- Neurovascular Catheters
- Specialty Catheters
Silver ion and Palindrome HSI-heparin coated antimicrobial catheters by Medtronic are few notable antimicrobial catheters. Additionally, this type of catheter helps to reduce the probability of clot formations and microbial colonization on the catheter’s surface. Furthermore, silver ion or antibiotic coatings are used at the exit site of the catheter or locking the tip with an anti-microbial solution. Thus, the catheters coated with anti-microbial linings are likely to boost the market growth.
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa
Furthermore, the growing demand for minimally invasive procedures due to the recent technological innovations is expected to increase the sale of catheters in the market. The antimicrobial coating and miniaturized catheters are used to prevent cases of restenosis and the reoccurrence of the narrowing of a blood vessel at the later stage can be treated.
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