Catheters market to grow by USD 16.34B from 2022-27

The catheter market is estimated to increase by USD 16,348.19 million from 2023 to 2027, with a CAGR of 7.86%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region.

Catheters market – Market scope
he Catheters Market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 companies listed Below –

Abbott Laboratories, ANGIPLAST Pvt. Ltd., Asahi Kasei Corp., B.Braun SE, Becton Dickinson and Co., BIOTRONIK SE and Co. KG, Boston Scientific Corp., BVM Medical Ltd., CardioFocus Inc., Edwards Lifesciences Corp., Getinge AB, Johnson and Johnson Services Inc., Koninklijke DSM NV, McKesson Corp., Medtronic Plc, Merit Medical Systems Inc., Sterimed Medical Devices Pvt. Ltd., Suretech Medical Inc., Teleflex Inc., and Terumo Group.

Catheters market – Market dynamics
Key drivers- The increasing prevalence of chronic diseases is a key factor driving market growth.

Major Trends- There is a growing trend toward minimally invasive procedures across various medical specialties. The use of catheters for procedures such as angioplasty, stenting, ablation, and endovascular interventions is required in Minimally invasive techniques. However, they can be used for many purposes, such as administering medications or contrast agents, draining fluids, clearing blockages, measuring pressure, or taking tissue samples. Hence, the growing trend toward minimally invasive procedures is expected to drive market growth during the forecast period.

Significant challenges- The risk of complications is a significant challenge impeding the catheters market growth. Technavio