Intravascular Catheter Market Growth, Share Statistics, Market Insights, Analysis by 2027

 Intravascular Catheter Market Research Report: Information by Product (Short PIVC Catheters and Integrated/Closed PIVC Catheters), Application (Renal Disease, Cancer, Gastrointestinal Diseases, Infectious Diseases and other Diseases), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Homecare and others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) – Forecast till 2027

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It is estimated that the global intravascular catheter market is expected to register a CAGR of 9.3% during the forecast period of 2019 to 2024, with a market value of USD 4,318 million in 2018.

The global intravascular catheter market is currently dominated by numerous market players. The key players are involved in new product launches and strategic collaborations to strengthen its market position. For instance, in March 2019, Edwards Lifesciences Corporation announced the acquisition of Corvia Medical, Inc. Similarly, in April 2019, the company completed the acquisition of CAS Medical Systems, Inc.

segmentation

The global intravascular catheter market is segmented based on products, applications, and end users.

Based on the product, the market was divided into short peripheral intravenous catheters (PIVC) and integrated / closed PIVC catheters. The short PIVC catheter segment is expected to occupy a large market share during the evaluation period, while the integrated / closed PIVC catheter segment is expected to register a higher CAGR.

The market is divided into kidney disease, cancer, gastrointestinal disease, infectious diseases, and others by application. The renal disease segment is expected to have the largest market share during the evaluation period, while the cancer segment is expected to grow the fastest.

The market is categorized by end users into hospitals, clinics, outpatient surgery centers, home care and more. The hospital segment will hold the largest market share in 2018 and the clinic segment will register the highest CAGR during the evaluation period.

Main players

Some of the major players in the global intravascular catheter market are Boston Scientific, Inc., CR Bird, Coloplast, Cook Medical, Edwards Life Sciences Corporation, Getingi AB, Johnson & Johnson, McKesson Medical Surgical, Inc., Medtronic, Smith Medical, Terumo Corporation.

Regional analysis

The Americas market is expected to dominate the global intravascular catheter market during the forecast period due to higher per capita health care costs and heavy adoption of new technologies in the region. Europe is expected to occupy the second largest position in the global intravascular catheter market. The growth of the market in this region is due to the existence of an established medical system and the increase in life-threatening illnesses. According to statistics released in 2018 by the National Bureau of Statistics, the number of new cancer diagnoses in the UK has increased from 303,135 in 2016 to 305,683 in 2017. The Asia-Pacific region is estimated to be the fastest growing regional market due to the large patient pool of chronic diseases and the government’s initiative for medical reform. Heart disease is India’s leading cause of death, with approximately 1.7 million deaths in 2016, according to a global disease burden survey released in 2017.

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