Pediatric Catheter Market to Grow with a CAGR of 9.04% through 2029
Increase in urinary tract infections and the shortage
of newborn screening centers in emerging countries is expected to drive the
Global Pediatric Catheter Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Pediatric Catheter
Market – Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2029”, the Global Pediatric Catheter Market stood at USD 7.30
billion in 2023 and is anticipated to grow with a CAGR of 9.04% in the forecast
period, 2025-2029. This can be attributed to the growing demand for minimally
invasive surgeries. The global trend toward minimally invasive surgeries has
extended to the pediatric population. These procedures are less traumatic and
often result in shorter recovery times. Pediatric catheters are crucial in
performing these minimally invasive surgeries and diagnostic procedures, such
as catheterization, angiography, and endoscopy. Furthermore, emerging economies
are experiencing population growth, including a significant number of newborns
and children. These regions are also witnessing improvements in healthcare
infrastructure. The growing demand for pediatric catheters in these markets
represents an exciting growth opportunity.
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The demand for pediatric catheters is being driven by
various factors, including the growth of the pediatric population, an increase
in congenital heart defects (CHD), neurological disorders, urinary tract
infections, and a shortage of newborn screening facilities in emerging
countries. Additionally, the rising incidence of cardiovascular and urological
diseases in pediatric patients has led to a growing demand for minimally
invasive procedures, which involve the use of catheters for both surgical and
diagnostic purposes. Furthermore, advancements in pediatric catheter technology
are expected to reduce the risk of infections in children, further stimulating
the demand for catheter use in the coming years.
The COVID-19 pandemic had a substantial impact on the
demand for pediatric catheter devices. According to the American College of
Cardiology (ACC), approximately 40% of individuals recovering from COVID-19
experienced cardiovascular complications. Consequently, there was a surge in
the utilization of these devices, primarily due to the increased need for
intravascular ultrasound (IVUS) procedures in percutaneous coronary
intervention (PCI) surgeries and the growing adoption of IVUS systems in
medical diagnostic facilities and hospitals.
The Global Pediatric Catheter Market is segmented into
product, regional distribution, and company.
Based on its product, the cardiovascular catheters
category stood out in 2023 as the dominant market segment, boasting the largest
share of revenue. The presence of congenital heart defects presents a
significant threat to the survival of pediatric patients, contributing to a
high mortality rate within this specific group. One crucial driver of this
trend is the wide range of catheters designed for various interventional
cardiology procedures. These catheters play a pivotal role in addressing the
challenges posed by congenital heart defects, thus exerting a significant
influence on the growth of this segment and its impact on patient outcomes.
Pediatric catheters are specifically designed to address issues associated with
catheterization in young patients. These catheters feature unique designs and
are often made from different materials. They are instrumental in the treatment
of dysfunctional bladders resulting from conditions like spinal cord damage,
spina bifida, diabetes, stroke, Parkinson's disease, or incontinence. The
global usage of these devices has expanded due to the increased occurrence of
venous thromboembolism (VTE) in the pediatric population. The ease of
installation and cost-effectiveness of these catheters are expected to drive
market demand.
Anticipated to have the fastest CAGR
between 2024 and 2029, the urology catheters segment is set to thrive. This
robust growth can be attributed to the increasing incidence of bladder,
urethra, uterus, and kidney issues among the pediatric population. Urology
catheters, which are slender, hollow, plastic tubes used to drain urine from
the bladder, are inserted through the urethra. They are often employed
post-urinary system surgeries to aid in the healing process and are beneficial
in treating conditions related to the kidney, bladder, urethra, and
reproductive organs. Properly sized catheters reduce discomfort associated with
catheterization of the urinary tract in pediatric patients.
Based on region, North America emerged as the dominant
force in the market in 2023, commanding the largest share of revenue. This was
primarily attributed to the increasing incidence of congenital heart defects,
urological issues, and a rise in inpatient and emergency room procedures.
Furthermore, governments across the globe have initiated several programs aimed
at extending medical coverage to a previously uninsured population. For
example, the United States introduced the Child Health Insurance Program (CHIP),
offering year-long healthcare coverage tailored specifically for children.
These initiatives are anticipated to positively influence the adoption of
pediatric catheters in the foreseeable future. The presence of advanced
healthcare infrastructure and favorable federal support for the development of
pediatric medical devices is expected to drive market growth in North America.
Additionally, the increasing prevalence of congenital heart defects and
urological problems in the region is poised to be a significant driving factor.
In contrast, the Asia Pacific region is
projected to experience the most rapid CAGR during the forecast period from
2024 to 2029. This growth is attributed to the increasing prevalence of birth
defects and the expansion of both public and private healthcare infrastructure.
According to estimates from the Asian Hospital and Healthcare Management, the
prevalence rate of congenital heart defects (CHD) was reported at 9.3 per 1000
live births, with a significantly high occurrence of pulmonary outflow obstructions
and ventricular septal defects. The rising incidence of congenital heart
defects and other anomalies in low and middle-income countries is propelling
market growth. Furthermore, the expansion of public and private healthcare
infrastructure is expected to drive revenue growth in the region.
Major companies operating in Global Pediatric
Catheter Market are:
- Becton Dickinson & Co Ltd
- Coloplast Corp
- Getinge International AB
- Boston Scientific Corporation
- Johnson & Johnson
- ICU Medical Inc
- Edwards Lifesciences Corporation
- Medtronic PLC
- Cook Medical Inc
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“As pediatric healthcare continues to evolve, the role
of pediatric catheters in ensuring the well-being of children is becoming more
crucial than ever. The upcoming key trends not only reflect the ongoing
commitment to improving pediatric healthcare but also highlight the important
role that pediatric catheters play in this endeavor. The future is bright for
pediatric catheter technology, offering hope for better outcomes for pediatric
patients worldwide,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Pediatric Catheter Market By Product
(Cardiovascular Catheters, Urology Catheters, Intravenous Catheters,
Neurovascular Catheters, Specialty Catheters), By
Region, By Competition Forecast & Opportunities, 2019-2029F”, has evaluated
the future growth potential of Global Pediatric Catheter Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Pediatric Catheter Market.
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