China Catheter Market Size & Outlook, 2022-2030
China catheter market, 2018-2030 (US$M)
Related Markets
China catheter market highlights
- The China catheter market generated a revenue of USD 2,380.5 million in 2022 and is expected to reach USD 4,275.4 million by 2030.
- The China market is expected to grow at a CAGR of 7.6% from 2023 to 2030.
- In terms of segment, specialty catheters was the largest revenue generating product in 2022.
- Neurovascular 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 2,380.5 million |
| Market revenue in 2030 | USD 4,275.4 million |
| Growth rate | 7.6% (CAGR from 2022 to 2030) |
| Largest segment | Specialty catheters |
| Fastest growing segment | Neurovascular 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, China accounted for 4.6% 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 |
|---|
China 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 China 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.
In March 2019, the Chinese government announced to reduce VAT for medical manufacturing companies from 13.3 to 13.0%. This announcement is expected to favor domestic medical equipment manufacturers, including catheters manufacturers, to offset the slowdown caused due to the U.S.–China trade war.
Geriatric population in China is increasing; it is expected that about 25% of the total population would be aged 65 and above by 2030.
Geriatric population requires special care due to high burden of chronic diseases. Thus, rising investments in the country, favorable government policies, and relevant market distribution agreements are some factors contributing toward market growth.
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Target buyers of China catheter market databook
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Our clientele includes a mix of catheter market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China catheter market , including forecasts for subscribers. This country databook contains high-level insights into China catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China catheter market size, by product, 2018-2030 (US$M)
China Catheter Market Outlook Share, 2022 & 2030 (US$M)
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