Global Pediatric Catheters Market, By type (Polyvinyl Chloride Catheter, Silicone Catheter, Polyurethane Catheter, Other Material), By Application (Year Old Below 1, Year Old 1 to 4, Year Old 5 to 10, Year Old Above 10) By End-User (Hospitals, Ambulatory Surgery Centers) – Industry Trends and Forecast to 2029
Market Analysis and Size
According to the study published in 2017 by the Center for Disease Control and Control Prevention (CDC), around 4,000 children die in that year. According to WHO data, an estimated 5.2 million children under the age of five die each year as a result of preventable and treatable illnesses. Pediatric catheters are developed to help youngsters deal with the issues that come with catheterization. Catheters are medical equipment that doctors prescribe. These are used to treat bladder dysfunction caused by a spinal cord injury, spina bifida, MS, Parkinson's disease, diabetes, stroke, or incontinence. Due to the high incidence of venous thromboembolism (VTE) in the paediatric population, the use of paediatric catheters has expanded globally.
Data Bridge Market Research analyses that the pediatric catheters market which was USD 6.59 billion in 2021, would rocket up to USD 13.03 billion by 2029, and is expected to undergo a CAGR of 8.90% during the forecast period 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
A paediatric catheter, also known as a urinary catheter, indwelling urinary catheter (IDC), or simply a catheter, is a tube that carries urine from your child's bladder to a drainage bag for disposal. Because they are typically roughly 10 inches long, they feature polished eyelets and a smooth surface to avoid irritation during insertion and removal. These are available in a range of configurations, including typical straight catheters that require lubrication, hydrophilic catheters that do not, and closed systems.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Intravenous Catheters, Cardiovascular Catheters, Urology Catheters, Neurovascular Catheters, Specialty Catheters), By End-User (Hospitals, Ambulatory Surgery Centers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Abbott (U.S), BD (U.S), Boston Scientific Corporation (U.S), Medtronic (Ireland), Cook (U.S), Johnson & Johnson Private Limited (U.S), Smith & Nephew plc (Germany), Cardinal Health (U.S), Terumo Corporation (Japan), Conavi Medical (U.S), Edwards Lifesciences Corporation (U.S), Infraredx, Inc. (U.S), Getinge AB (Sweden), Coloplast Corp (Denmark), McKesson Medical-Surgical (U.S)
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Market Opportunities
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Pediatric Catheters Market Dynamics
Drivers
- Growing incidence of Diseases
Cancer is the second biggest cause of death worldwide, according to the World Health Organization (WHO). In 2018, cancer claimed the lives of more than 9.6 million people around the world. The growing usage of catheters for minimally invasive diagnostic and treatment procedures, as well as the rising hospitalisation rate due to the high incidence of chronic diseases, is likely to fuel market growth.
- Growing demand for minimal invasive surgical procedures pertaining to trauma incidence
According to the World Health Organization (WHO), 17.9 million people die each year as a result of cardiovascular problems around the world. Scientists believe that early surgical intervention can help to reduce this high mortality rate, which accounts for 31% of all fatalities worldwide. The other applications market is growing due to rising demand for minimally invasive surgical treatments for cardiovascular disease and trauma patients.
- Rising prevalence of hospital acquired infection and existence of sophisticated healthcare infrastructure
North America now owns a 32 percent market share and is the clear leader in the pediatric catheters market in the regional sector. The increased prevalence of hospital-acquired infections and the presence of advanced healthcare infrastructure are two significant factors contributing to its market domination. Due to advantageous reimbursement scenarios for pediatric catheters and a considerable increase in the number of impatient procedures conducted to treat chronic diseases, Europe is currently in second place in the regional segment with a 30% share.
Opportunities
The global paediatric catheters market is being driven by high prevalence of diseases such as urinary infection and coronary heart infection, as well as an increase in premature births, an increase in patient awareness programmes, a surge in research and development initiatives for urinary infection diseases, and an increase in demand for comprehensive heart failure care. Congenital heart problem is the most frequent type of birth defect, according to Circulation (2018), with a global prevalence of roughly 7.7 per 1,000 live births. Biochips, implantation, and a growth in the usage of innovative software programmes available for measuring heart filling pressure are all expected to boost the paediatric catheters market.
Restraints/Challenges
In low and middle-income nations, a lack of understanding regarding paediatric catheters may stifle market growth. The market's expansion may be hampered by limited reimbursement policies and the high cost of doctors. Furthermore, in the projection period 2022 to 2029, the preference for medicines over medical devices may stifle market growth.
This pediatric catheters market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pediatric catheters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Pediatric Catheters Market
The COVID-19 pandemic has increased the demand for paediatric devices. The American College of Cardiology (ACC) reports that approximately 40% of COVID-19 recovered individuals acquire cardiovascular problems. North America and Asia Pacific are the largest contributors to market growth, owing to factors such as increased demand for IVUS actions during PCI procedures and increased acceptance of IVUS systems in hospitals and diagnostic centres. The global paediatric catheters market is being driven by high prevalence of diseases such as urinary infection and coronary heart infection, as well as an increase in premature births, an increase in patient awareness programmes, a surge in research and development initiatives for urinary infection diseases, and an rise in demand for comprehensive heart failure care.
Global Pediatric Catheters Market Scope
The pediatric catheters market is segmented on the basis of type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Polyvinyl Chloride Catheter
- Silicone Catheter
- Polyurethane Catheter
- Other Material
Application
- Year Old Below 1
- Year Old 1 to 4
- Year Old 5 to 10
- Year Old Above 10
End-User
- Hospitals
- Ambulatory Surgical Centers
Pediatric Catheters Market Regional Analysis/Insights
The pediatric catheters market is analysed and market size insights and trends are provided by country, type, application and end-user as referenced above.
The countries covered in the pediatric catheters market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to exhibit the maximum growth during the forecast period 2022 to 2029. The growing healthcare expenditure and growing medical tourism in the evolving economies of Asia-Pacific such as India and China are a major contributor to the growth of the pediatric catheter market in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The pediatric catheters market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for pediatric catheters market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the pediatric catheters market. The data is available for historic period 2010-2020.
Competitive Landscape and Pediatric Catheters Market Share Analysis
The pediatric catheters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pediatric catheters market.
Some of the major players operating in the pediatric catheters market are:
- Abbott (U.S)
- BD (U.S)
- Boston Scientific Corporation (U.S)
- Medtronic (Ireland)
- Cook (U.S)
- Johnson & Johnson Private Limited (U.S)
- Smith & Nephew plc (Germany)
- Cardinal Health (U.S)
- Terumo Corporation (Japan)
- Conavi Medical (U.S)
- Edwards Lifesciences Corporation (U.S)
- Infraredx, Inc. (U.S)
- Getinge AB (Sweden)
- Coloplast Corp (Denmark)
- McKesson Medical-Surgical (U.S)
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