Catheter Market Summary

The global catheter market size was estimated at USD 58.16 billion in 2024 and is projected to reach USD 85.19 billion by 2030, growing at a CAGR of 6.60% from 2025 to 2030. The market expansion is significantly influenced by the rising prevalence of chronic disorders, including neurological, cardiovascular, and urological conditions, which frequently require hospitalization and continuous patient management through catheterization procedures.

For instance, the study published by the Lancet in May 2024 reports that urinary tract infections (UTIs) affect approximately 250 million people annually worldwide. This substantial number reflects the widespread nature of urological health issues. With the increasing incidence of such conditions, there is a growing dependency on catheterization for both short-term treatment and long-term medical support. This rising clinical need is expected to further elevate the demand for various types of catheters, thereby fueling overall market growth throughout the forecast period.

The growing innovations in catheter manufacturing and the increasing number of product launches are also expected to contribute significantly to market growth. Industry players are focusing on designing catheters that improve safety, enhance performance, and reduce complications. For instance, in February 2024, Junkosha, a materials specialist company, launched the 1.8:1 shrink ratio Translucent PHST solution, which is engineered to support advanced catheter manufacturing and enhance product efficiency.

Key Market Trends & Insights

  • North America catheter industry held a global market share of 31.61% in 2024 and is expected to continue its dominance over the forecast period. Strong healthcare infrastructure, a high number of medical procedures, and favorable reimbursement policies contribute to this leadership.
  • The catheter industry in the U.S. is expected to dominate the North American region over the forecast period due to increased adoption of advanced medical technologies and a growing patient population requiring catheter-based treatments.
  • By product, the cardiovascular catheter segment led the market with a total revenue share of 27.97% in 2024 as cardiovascular diseases remain one of the leading health concerns worldwide, requiring catheter-assisted diagnostic and interventional procedures.
  • By end use, the hospital stores segment dominated the market with the largest revenue share in 2024, mainly due to the growing number of surgeries and hospital admissions requiring catheter usage in different departments.

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Market Size & Forecast

  • 2024 Market Size: USD 58.16 Billion
  • 2030 Projected Market Size: USD 85.19 Billion
  • CAGR (2025-2030): 6.60%
  • North America: Largest market in 2024

Key Companies & Market Share Insights

Hollister Incorporated, Medtronic, Edward Lifesciences, Boston Scientific Corporation, Smith Medical Inc., ConvaTec Group Plc, Teleflex Incorporated, Cure Medical LLC, Terumo Corporation, Cook Medical Inc., and BD are some of the major players in the global catheter industry. Companies are expanding their catheter portfolios by innovating their coating materials and integrating novel features to gain a competitive advantage in the coming years. Moreover, industry players are also expanding their manufacturing facilities to meet the growing demand for catheters used in various applications such as cardiology, urology, and neurology.

Key Players

  • Hollister Incorporated
  • Medtronic
  • Boston Scientific Corporation
  • Edward Lifesciences
  • Smith Medical Inc.
  • Teleflex Incorporated
  • ConvaTec Group Plc
  • Cure Medical LLC
  • Terumo Corporation
  • Cook Medical Inc.
  • BD

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Conclusion

The catheter market continues to grow steadily due to the rising global burden of chronic diseases and the increasing number of medical procedures requiring catheterization. Continuous innovation in catheter technology, combined with the introduction of new product designs that offer improved clinical outcomes, supports strong market momentum. The demand for catheters is further strengthened by an aging population, advancements in minimally invasive surgeries, and improved healthcare infrastructure across developed and developing regions. With growing awareness of infection-free catheter use and enhanced manufacturing capabilities, the market is expected to maintain a positive outlook and deliver sustainable expansion through 2030.