Pediatric Catheters Market Size was valued at USD 8.20 Billion in 2023. The Global Pediatric Catheters industry is projected to grow from USD 8.96 Billion in 2024 to USD 18.11 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.48% during the forecast period (2024 - 2032).
In March 2024 – CoapTech, Inc., a medical device firm specializing in minimally-invasive surgery, has announced the market release and groundbreaking initial usage of its second generation magnetic balloon catheter at the patient's bedside. The magnetic balloon catheter is an essential part of the PUMA-G System™, which allows for the precise installation of gastrostomy tubes (i.e. permanent feeding tubes) using ultrasonography. These tubes are vital for providing patients with the necessary nutrition to aid in their rehabilitation.
In January 2024, Royal Philips, a prominent company in health technology, revealed that its newest TEE transducer, which aims to provide better comfort and serve a larger number of patients, had obtained FDA 510(k) clearance. Cardiovascular ultrasound has been essential in advancing the early detection of structural heart disease, thanks to the development of a groundbreaking technique known as transesophageal echocardiography (TEE) ultrasound transducer, pioneered by Philips. Transesophageal echocardiography (TEE) assists cardiologists by offering intricate visualizations of the heart and its intrinsic anatomical features.
Pediatric catheters are thin tubes from high-grade material used in the healthcare sector. This device delivers medications such as gases or fluids to patients and drains out fluids such as urine. These are inserted for the treatment of diseases and performing surgeries. The rise in the growth of the pediatric population and the growth rate of congenital heart defects and neurological disorders are influencing the markets towards positive growth.
With the rise in cardiovascular and urological diseases in the pediatric population, the demand has increased for minimally invasive surgeries. The minimally invasive procedures include catheter usage for surgical and diagnostic procedures. The advancements in pediatric catheters will eliminate infections in children; this will further propel the market’s demand at the global level.
Furthermore, the government world took the concerning initiatives to offer medical coverage to millions of patients, and programs such as Child Health Insurance Program (CHIP) provide healthcare coverage to children. These factors are boosting the market with rising opportunities.
Intended Audience
The Pediatric Catheters Market has been segmented into product type, and end user.
By product type, the market has been segmented into cardiovascular catheters, urology catheters, intravenous catheters, neurovascular catheters, specialty catheters, and others.
The market, by end user, has been segmented into hospitals and clinics, ambulatory surgical centers, and others.
The pediatric catheters market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European pediatric catheters market has been segmented into Western Europe and Eastern Europe. Western Europe, market, has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The pediatric catheters market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market in the Middle East & Africa has been segmented into the Middle East and Africa.
On a regional basis, the Americas is anticipated to dominate the pediatric catheters market owing to the presence of a huge pediatric population suffering from various diseases. According to the World Bank Group, out of the total population, 19% population was pediatric in the US in 2017. Moreover, increasing healthcare expenditure, and well-developed technology has fueled the growth of the pediatric catheters market.
Europe is expected to hold the second largest position in the pediatric catheters market owing to the presence of well-developed healthcare sector, strong government support for research & development and high healthcare expenditure in the European countries. Well-developed technologies in Europe have also played a predominant role in the development of the European market. According to the World Bank Group, out of the total population, 18% population was pediatric in the UK in 2017.
Asia-Pacific is anticipated to be the fastest growing region in the pediatric catheters market owing to the increasing pediatric patient population. According to the World Bank Group, out of the total population, 18% population was pediatric in China in 2017.
The Middle East & Africa has the least share of the pediatric catheters market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the growing government initiatives for the healthcare sector.
Key Companies in the Pediatric Catheters Market include
Recent Development
In May 2022
BeiGene, a science-driven biotechnology company leader, focuses on innovative and affordable medicines for better treatment outcomes and accessing patients worldwide. The company has announced that the China National Medical Products Administration granted conditional approval for BLINCYTO injection to treat pediatric patients with refractory (R/R) CD19-positive B-cell precursor acute lymphoblastic leukemia.
In April 2022
Bendit Technologies, an Israeli medical device company, received 510(k) clearance from US Food and Drug Administration for its steerable Bendit21 microcatheter device.
This news of the clearance came after the Bendit neuro catheter was used in two life-saving procedures in the US. The Bendit technology presents a transformative paradigm in endovascular navigation for revolutionizing and accessing the vasculature. It will improve treatments of arterial and venous systems in the brain.
| Report Attribute/Metric | Details |
| Market Size | USD 18.11 Billion |
| CAGR | 9.48% |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2022 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, End User and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Cook, Smiths Medical, Edwards Lifesciences Corporation, Medtronic, Johnson & Johnson Services, Inc., 180 Medical, Inc., C. R. Bard, Boston Scientific Corporation, Koninklijke Philips N.V., Abbott, B. Braun Melsungen AG, BD |
| Key Market Opportunities | Innovations in materials and designs are opening avenues for more efficient and safer pediatric catheters. |
| Key Market Drivers | The rising incidence of congenital anomalies |
Pediatric Catheters Market Highlights:
Frequently Asked Questions (FAQ) :
The valuation was USD 18.11 Billion.
The pediatric catheters market has a CAGR of 9.48% during the forecast period.
Low awareness and risk of infection can deter market growth.
The Americas would take the charge.
The Asia Pacific pediatric catheters market would be the fastest-growing.
Research Analyst Level I He is an extremely curious individual currently working in healthcare and medical devices domain. kinjoll is comfortably versed in data centric research backed by healthcare educational background. he leverages extensive data mining and analytics tools such as primary and secondary research, statistical analysis, machine learning, data modelling. his key role also involves technical sales support, client interaction and project management within the healthcare team. lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.
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