The global intravascular catheter market share is expected to exhibit a 11.90% CAGR over the forecast period from 2024 to 2032, according to the latest research report from Market Research Future (MRFR). The global intravascular catheter market is examined in the report in great detail, including a study of the market’s major drivers and restraints, the major segments of the intravascular catheter market, and a study of the market’s leading players. The major drivers and restraints affecting the intravascular catheter market are studied in detail in the report. The major segments of the global intravascular catheter market are also examined in detail in the report to provide readers with an accurate overview of the market’s granular composition. The leading players in the global intravascular catheter market are also profiled in the report to give readers an accurate picture of the competitive landscape of the market. Thus, a comprehensive view of the global intravascular catheter market is given in the report. The global intravascular catheter market was valued at USD 4.3 billion in 2018.

Intravascular catheters are used in a wide variety of diseases, including renal diseases, cancer, gastrointestinal diseases, infectious diseases, and others. This is a major driver for the global intravascular catheter market, as the wide range of diseases has enabled strong growth prospects for the market. The growing prevalence of renal diseases is a major driver for the global intravascular catheter market. Renal diseases have also grown due to the growing prevalence of diabetes around the world, which can be a causative agent in the incidence of renal diseases. Infectious diseases have also grown in prevalence over recent years, leading to a growing demand from the intravascular catheter market.

On the other hand, the increasing prevalence of local site infections after catheterization is a major restraint on the global intravascular catheter market. In spite of the minimally invasive nature of intravascular catheters, the contact is still sufficient to cause local site infections in some cases. This has been a major restraint on the global intravascular catheter market. The lack of skilled technicians to operate intravascular catheters is also a key restraint on the global intravascular catheter market.

Competitive Analysis:

Leading players in the global intravascular catheter market include Terumo Corporation, Smiths Medical, Medtronic Inc., McKesson Medical Surgical Inc., Johnson & Johnson, Getinge AB, Edwards Life Sciences Corporation, Cook Medical, Coloplast, C. R. Bard Inc., and Boston Scientific Corporation. Major players in the global intravascular catheter market are likely to focus on product developments and innovation in order to increase their share in the intravascular catheter market in the coming years. Geographical expansion by acquiring smaller, regional entities in the market is also likely to be an important tactic for larger players in the intravascular catheter market.

Segmentation:

The global intravascular catheter market insights is segmented on the basis of product, application, end use, and region.

By product type, the global intravascular catheter market is segmented into short peripheral intravenous catheters (PIVC) and integrated/closed PIVCs.

By application, the global intravascular catheter market is segmented into renal diseases, cancer, gastrointestinal diseases, infectious diseases, and others. The renal diseases segment holds the largest share in the global intravascular catheter market due to the growing prevalence of renal diseases around the world. Cancer is expected to be the fastest growing application segment of the intravascular catheter market over the forecast period.

By end user, the global intravascular catheter market is segmented into hospitals, clinics, ambulatory surgical centers, home care, and others. Hospitals hold the largest share in the global intravascular catheter market.

Regional Analysis:

The Americas and Europe dominate the global intravascular catheter market, with the former expected to lead the global charts over the forecast period. The increasing prevalence of diabetes in these two regions is a major driver for the global intravascular catheter market, as diabetes is a major causative agent for renal diseases, which often necessitate the use of intravascular catheters.