Press Release

Catheter Introducer Sheaths Market to Grow with a CAGR of 4.25% through 2028

Rising incidence of cardiovascular diseases and expanding geriatric population are factors driving the Global Catheter Introducer Sheaths Market in the forecast period 2024-2028.

 

According to TechSci Research report, “Catheter Introducer Sheaths Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Catheter Introducer Sheaths Market stood at USD 1.32 billion in 2022 and is anticipated to grow with a CAGR of 4.25% in the forecast period, 2024-2028. The global healthcare industry is witnessing continuous advancements and innovations, and one such area that has seen remarkable progress is interventional cardiology. Within this domain, catheter introducer sheaths play a pivotal role in enabling precise access to the cardiovascular system for various diagnostic and therapeutic procedures. The Global Catheter Introducer Sheaths Market is thriving, driven by several key factors that are reshaping the industry. One of the primary drivers of the catheter introducer sheaths market is the increasing prevalence of cardiovascular diseases. Cardiovascular diseases are a leading cause of mortality worldwide, and the need for minimally invasive procedures for diagnosis and treatment is growing. Catheter introducer sheaths enable medical professionals to access the cardiovascular system safely and efficiently, reducing the risks associated with more invasive procedures.

 

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The constant evolution of medical technology has led to the development of advanced catheter introducer sheaths that are more effective, safer, and patient-friendly. These innovations include sheaths with improved navigation capabilities, enhanced hemostasis valves, and reduced friction, making procedures less traumatic for patients and more efficient for healthcare providers. As technology continues to advance, the market for catheter introducer sheaths is expected to expand. Patients are increasingly seeking minimally invasive procedures over traditional surgical interventions. Minimally invasive procedures typically lead to shorter hospital stays, quicker recovery times, and fewer complications. Catheter introducer sheaths are crucial in facilitating such procedures, making them a key driver for the global market. Their ability to provide access for catheters, stents, and other devices through smaller incisions is in high demand.

The aging global population is a significant contributor to the growth of the catheter introducer sheaths market. As people age, the incidence of cardiovascular diseases and the need for interventions increase. This demographic shift is driving up the demand for cardiovascular procedures, which, in turn, fuels the demand for catheter introducer sheaths. Healthcare systems across the world are experiencing increased spending, especially in developed countries. This rise in healthcare expenditure is boosting the adoption of advanced medical devices and technologies, including catheter introducer sheaths. Hospitals and healthcare facilities are investing in the latest equipment to provide the best care to their patients, thereby driving the market for catheter introducer sheaths.

The Global Catheter Introducer Sheaths Market is segmented into product, end user and company.

Based on end user, the Hospitals & Clinics segment has emerged as the predominant market leader. The trend towards patient-centered care and minimally invasive procedures has driven hospitals and clinics to prioritize the use of catheter introducer sheaths. Patients benefit from reduced recovery times and fewer complications, making these facilities preferred choices for many. Hospitals and clinics often have established relationships with medical device manufacturers and suppliers, enabling them to source catheter introducer sheaths efficiently and at competitive prices.

Based on region, North America segment is expected to grow during the forecast period.  The prevalence of chronic diseases, such as cardiovascular disorders, in North America has been steadily rising. Patients with these conditions often require catheterization procedures, leading to an increased demand for catheter introducer sheaths. This growing patient population has been a key driver for the expansion of the catheter introducer sheaths market in the region. North America has stringent regulatory frameworks and quality standards in place to ensure the safety and efficacy of medical devices. These regulations create a competitive environment where manufacturers need to adhere to high-quality standards, and they must invest in clinical trials and rigorous testing to gain approval from regulatory bodies like the FDA in the United States. This has led to a strong reputation for North American-made catheter introducer sheaths in terms of safety and effectiveness, both domestically and globally.

The Asia Pacific region is experiencing rapid market growth. The region has well-established distribution networks that make it easier for the manufacturers to reach global markets. With established relationships with distributors, the export of catheter introducer sheaths to other countries becomes more efficient, allowing the companies to expand their global reach.

 

Major companies operating in Global Catheter Introducer Sheaths Market are:

  • Terumo Corporation
  • Merit Medical Systems, Inc.
  • Medtronic plc
  • Galt Medical Corporation
  • Cordis Corporation
  • Oscor Inc
  • Abbott Laboratories
  • Stryker Corporation
  • Becton, Dickinson and Company
  • B. Braun Interventional Systems Inc.

 

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“The global catheter introducer sheaths market is on an upward trajectory, driven by various factors such as the rising incidence of cardiovascular diseases, technological advancements, the increasing preference for minimally invasive procedures, the aging population, growing healthcare expenditure, improved awareness, and market expansion in emerging economies. As the healthcare industry continues to evolve, so will the market for catheter introducer sheaths, ensuring that patients receive better and safer care for their cardiovascular conditions.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Catheter Introducer Sheaths Market By Product (Integrated Introducer Sheaths, Separable Introducer Sheaths), By End user (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Catheter Introducer Sheaths 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 Catheter Introducer Sheaths Market.

 

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Catheter Introducer Sheaths Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Integrated Introducer Sheaths, Separable Introducer Sheaths), By End user (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region and Competition

Healthcare | Jan, 2024

Rising incidence of cardiovascular diseases and expanding geriatric population are factors driving the Global Catheter Introducer Sheaths Market in the forecast period 2024-2028.

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