India Catheter Market Size & Outlook, 2022-2030
India catheter market, 2018-2030 (US$M)
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India catheter market highlights
- The India catheter market generated a revenue of USD 2,173.4 million in 2022 and is expected to reach USD 3,947.7 million by 2030.
- The India market is expected to grow at a CAGR of 7.7% 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 2,173.4 million |
| Market revenue in 2030 | USD 3,947.7 million |
| Growth rate | 7.7% (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, India accounted for 4.2% 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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India 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 India 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.
Market growth in India can be attributed to strong government initiatives and increase in incidence of diabetes causing cardiovascular & urological problems. Some of the favorable policies introduced by the government are National Health Policy (NHP) for quality healthcare outcomes.
Moreover, the government introduced national medical device policy to reduce dependence on imports, supporting Make in India initiative. New GST rate is expected to lower the cost of manufacturing, thereby benefitting consumers and local medical equipment manufacturers in the country.
Moreover, in August 2018, S3V Vascular Technologies Private Limited—a Bangalore-based company—launched Nextgen PTCA balloon catheters in the local market. The product was indicated as a minimally invasive procedure for opening blocked arteries.
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Horizon Databook provides a detailed overview of country-level data and insights on the India catheter market , including forecasts for subscribers. This country databook contains high-level insights into India catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India catheter market size, by product, 2018-2030 (US$M)
India Catheter Market Outlook Share, 2022 & 2030 (US$M)
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