Australia Catheter Market Size & Outlook, 2022-2030
Australia catheter market, 2018-2030 (US$M)
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Australia catheter market highlights
- The Australia catheter market generated a revenue of USD 1,824.0 million in 2022 and is expected to reach USD 3,098.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
- In terms of segment, specialty catheters was the largest revenue generating product in 2022.
- Specialty Catheters is the most lucrative product segment registering the fastest growth during the forecast period.
Catheter market data book summary
| Market revenue in 2022 | USD 1,824.0 million |
| Market revenue in 2030 | USD 3,098.1 million |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | Specialty catheters |
| Fastest growing segment | Specialty Catheters |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters |
| Key market players worldwide | Hollister, Medtronic PLC, Boston Scientific Corp, Edwards Lifesciences Corp, Smiths Group PLC, Teleflex Inc, ConvaTec Group PLC, Cure Medical |
Other key industry trends
- In terms of revenue, Australia accounted for 3.5% of the global catheter market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China catheter market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,947.7 million by 2030.
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Catheter Market Scope
Catheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia catheter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to catheter market will help companies and investors design strategic landscapes.
Specialty catheters was the largest segment with a revenue share of 29.22% in 2022. Horizon Databook has segmented the Australia catheter market based on cardiovascular catheters, urology catheters, intravenous catheters, neurovascular catheters, specialty catheters covering the revenue growth of each sub-segment from 2018 to 2030.
Australia has a highly efficient healthcare system along with well-established healthcare facilities compared to other Asian countries, excluding Japan. Rising prevalence of cardiovascular & neurovascular disorders and increasing incidence of urinary incontinence are some factors fueling the market.
Moreover, product launches and innovations in the field are also expected to further boost market growth. For instance, in February 2015, a group of optical scientists, programmers, engineers, and doctors in the country developed fiber optic catheters for gastroenterologists.
Moreover, in December 2018, Avinger, Inc.—known for its chronic total occlusion catheters—launched Pantheris lumi vascular image-guided atherectomy system in the country after receiving approval from Australia’s Therapeutic Goods Administration.
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Our clientele includes a mix of catheter market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia catheter market , including forecasts for subscribers. This country databook contains high-level insights into Australia catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia catheter market size, by product, 2018-2030 (US$M)
Australia Catheter Market Outlook Share, 2022 & 2030 (US$M)
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