U.S. Catheter Market Size & Outlook, 2022-2030
U.S. catheter market, 2018-2030 (US$M)
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U.S. catheter market highlights
- The U.S. catheter market generated a revenue of USD 13,587.4 million in 2022 and is expected to reach USD 21,989.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.2% from 2023 to 2030.
- In terms of segment, cardiovascular 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 13,587.4 million |
| Market revenue in 2030 | USD 21,989.1 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Cardiovascular 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, U.S. accounted for 26.4% 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 North America, U.S. catheter market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 21,989.1 million by 2030.
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Catheter Market Scope
Catheter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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.
Cardiovascular catheters was the largest segment with a revenue share of 28.64% in 2022. Horizon Databook has segmented the U.S. 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.
Presence of multinational catheter manufacturers and robust healthcare infrastructure are some of the key factors contributing toward market growth in the U.S. This can be attributed to various strategic initiatives adopted by key players to increase their market share.
For instance, in November 2018, Asahi Intecc Co. Ltd.—a Japan-based company—entered into an agreement with Medtronic to distribute its neurovascular catheters and guidewires in the country. The company is adopting such strategies to increase its market share in the U.S.
Similarly, in August 2017, Rox wood Medical, Inc. signed an agreement with Abbott Laboratories for distribution of its products such as Center Cross Ultra & Multi Cross anchoring catheters and Micro Cross microcatheters in the U.S.
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Target buyers of U.S. 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 U.S. catheter market , including forecasts for subscribers. This country databook contains high-level insights into U.S. catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. catheter market size, by product, 2018-2030 (US$M)
U.S. Catheter Market Outlook Share, 2022 & 2030 (US$M)
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