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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