Intravascular Catheters Market By Product (Integrated/Closed PIVC, Short PIVC), By Application (Renal Disease, Infectious Disease, Oncology, Gastroenterology, Others) - Growth, Future Prospects, And Competitive Landscape, 2019 – 2027

Industry Outlook

The intravascular catheters market is set to reach US$ 8,051.7 Mn by 2027 from US$ 4,034.7 Mn in 2018 showcasing balanced growth at a compounded annual growth rate (CAGR) of 8.0% during the forecast period from 2019 to 2027. The major drivers associated with the intravascular catheters market growth are significant rise in inpatient surgical procedures in hospitals for treatment of chronic illness and increasing demand for catheters in minimal invasive surgical procedures conducted in catheterization labs & ambulatory care centers. Medical device manufactures are working diligently to minimize the risk associated with catheters such as phlebitis and catheter associated blood stream infection (CABSI).

Market Synopsis

Intravascular Catheters Market

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"Low cost and easy insertion technique drives the market growth for short PIVC"

Short PIVC are reigning the product segment for intravascular catheters market. Healthcare professionals prefer short PIVC owing to its low cost and easy insertion technique in recommended sites such as wrist or antecubital vein etc. The limitation associated with short PIVC are the frequent movement of the inserted needle causes phlebitis, infiltration, and dislodgment thereby causing pain and discomfort to the ailing patient. Integrated PIVC are gaining huge traction owing to its inherent feature such as advanced stabilization frame which reduces inserted catheters movement and nullifies the need for add on securement devices.  Use of integrated PIVC has reduced the occurrence of phlebitis and catheter associated blood stream infection (CABSI).

Intravascular Catheters Market

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"Increasing demand for minimal invasive surgical procedures pertaining to trauma incidence and cardiovascular complication together drive the other applications"

Other applications are dominating the segment in the global intravascular catheters market. As per the statistics provided by World Health Organization (WHO), each year throughout the world 17.9 million people die due to cardiovascular complications. It represents 31% of all the deaths occurring worldwide, scientist opine that early surgical intervention can help in curbing this huge mortality rate. Increasing demand for minimal invasive surgical procedures related to cardiovascular disease and trauma cases together drive the other applications market growth. Infectious disease are on a rise in the tropical and subtropical regions due to the climate favoring microbial growth. Rising prevalence of hospital acquired infection and rising public health awareness will result in early medical interventions pertaining to infectious disease.

Intravascular Catheters Market

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"Rising prevalence of hospital acquired infection and existence of sophisticated healthcare infrastructure drive the market growth in North America"

North America currently holds 32% market share and is the clear leader in the regional segment for intravascular catheters market. The important parameters contributing towards its market dominance are rising prevalence of hospital acquired infections and existence of sophisticated healthcare infrastructure. Presence of major players such as Terumo Corporation, Boston Scientific Corporation, Johnson & Johnson etc. further bolster the market growth in North America region. Europe is presently in the second position in the regional segment with 30% share owing to the favorable reimbursement scenario for intravascular catheters and significant rise in the number of impatient surgeries performed to treat chronic ailments. Asia Pacific represents 20% market share primarily due to huge population base suffering with cardiovascular and renal disorders and significant rise in medical tourism.

Intravascular Catheters Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The market segmentation for the scope of report is done as by product, application and geography.

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 By Product (2017–2027; US$ Mn)
 • Integrated PIVC
 • Short PIVC

 By Application (2017–2027; US$ Mn)
 • Renal Disease
 • Infectious Disease
 • Oncology
 • Gastroenterology
 • Others

 Geography Segment (2017–2027; US$ Mn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

Medical device manufacturers providing intravascular catheters are Boston Scientific Corporation, Terumo Corporation, Medtronic, Plc., Getinge AB, Cook Medical, Johnson & Johnson, C.R.Bard, Inc., McKesson Medical Surgical, Inc., Edwards, Life Sciences Corporation and Coloplast A/S.

Key questions answered in this report

  • Which medical device manufactures are specializing in the production of intravascular catheters?
  • What are the inorganic and organic markets trends associated with intravascular catheters market?
  • What is the disease etiology associated with phlebitis and catheter associated blood stream infection (CABSI)?
  • What are the design ergonomic features of short and closed PIVC’s?
  • Which factors drive the market growth for infectious disease in the application segment?
  • What will be the market performance of emerging economies such as Asia Pacific, Latin America and MEA?
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Published Date:  May 2019
Category:  Medical Devices
Report ID:   59690
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
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