Press Release

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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Pediatric Catheter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029 Segmented By Product (Cardiovascular Catheters, Urology Catheters, Intravenous Catheters, Neurovascular Catheters, Specialty Catheters), By Region, and By Competition

Healthcare | Feb, 2024

The increasing pediatric population, a rise in congenital heart defects, and neurological disorders are factors driving the Global Pediatric Catheter market in the forecast period 2025-2029.

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