Global Thoracic Catheters Market Overview
As per MRFR analysis, the Thoracic Catheters Market Size was estimated at 3.12 (USD Billion) in 2022. The Thoracic Catheters Market Industry is expected to grow from 3.24(USD Billion) in 2023 to 4.5 (USD Billion) by 2032. The Thoracic Catheters Market CAGR (growth rate) is expected to be around 3.72% during the forecast period (2024 - 2032).
Key Thoracic Catheters Market Trends Highlighted
Technological advancements in catheter design, such as the development of low-profile catheters and catheters with advanced imaging capabilities, are driving the growth of the thoracic catheters market. The increasing prevalence of cardiovascular diseases, coupled with the rising geriatric population, is further fueling the demand for thoracic catheters.Minimally invasive surgical techniques are gaining popularity, leading to a shift towards smaller and more flexible catheters. Additionally, the growing adoption of robotics and advanced visualization systems in surgical procedures is creating new opportunities for the thoracic catheters market.Key market drivers include the increasing prevalence of cardiovascular diseases, technological advancements, and the rising adoption of minimally invasive surgical techniques. Opportunities for growth lie in the development of innovative catheters with enhanced capabilities, the expansion into emerging markets, and the integration of advanced technologies such as artificial intelligence and machine learning.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Thoracic Catheters Market Drivers
Growing Demand for Minimally Invasive Procedures
The Global Thoracic Catheterization Market Industry is growing with the rising occurrence of cardiovascular diseases and increasing demand for minimally invasive procedures. Thoracic catheters are used in various minimally invasive cardiac procedures such as coronary angiography, angioplasty, and pacemaker implantation, among others. Minimally invasive procedures have several advantages over traditional open surgeries, such as lesser trauma and injuries, quicker recovery time, and lower chances of complications.As the number of patients opting for minimally invasive procedures for cardiac diseases has increased in the past few years, the demand for thoracic catheters is also increasing accordingly, which in turn, is driving the growth of the Global Thoracic Catheterization Market Industry.
Technological Advancements and Innovation
Technological Advancements The Thoracic Catheters Market Industry is a capital-intensive field driven by continuous technological advancement and innovation. Leading medical device manufacturers and producers operating in this industry invest heavily in research and development to enhance the performance and functionality of thoracic catheters. In particular, advancements in the area of materials science have made it possible to produce thoracic catheters that are much more flexible, durable and biocompatible than early versions.The integration of advanced technologies, such as imaging and sensing, is also helping to make different types of procedures more precise, efficient and successful than before. All of this means that the increasing number of technological advancements in the area of medical devices is likely to improve patient outcomes and drive demand for thoracic catheters.
Rising Prevalence of Cardiovascular Diseases
The Thoracic Catheters Market Industry is expected to show rapid growth due to a number of reasons, one of which is the increased prevalence of cardiovascular diseases. It has been increasing globally, in part because the population around the world is aging. Moreover, people are leading unhealthy lives and eating unhealthy food, which is also contributing to the growing prevalence of cardiovascular diseases. The increased incidence of the condition necessarily leads to the increased demand for diagnostic and therapeutic procedures.Such procedures regularly require the use of thoracic catheters as they include angiography, angioplasty and unipolar or bipolar pacemaker implantations.
Thoracic Catheters Market Segment Insights
Thoracic Catheters Market Type of Catheter Insights
The Thoracic Catheters Market Segmentation by Type of Catheter comprises Percutaneous Central Venous Catheter, Non-tunneled CVC, Tunneled CVC, Implanted CVC and Peripherally Inserted Central Catheter. Among these, the Percutaneous Central Venous Catheter segment held the largest market share in 2023, accounting for over 40% of the Thoracic Catheters Market revenue. The Non-tunneled CVC segment is projected to grow at the highest CAGR during the forecast period, owing to its increasing use in short-term vascular access procedures. The Thoracic Catheters Market data indicates that the Tunneled CVC segment is expected to witness significant growth, driven by the rising demand for long-term vascular access in patients undergoing hemodialysis and chemotherapy.The Implanted CVC segment is anticipated to gain traction due to its advantages in providing secure and infection-resistant vascular access. The Peripherally Inserted Central Catheter segment is projected to contribute steadily to the overall market growth, owing to its ease of insertion and low risk of complications. The Thoracic Catheters Market industry is witnessing technological advancements, such as the development of antimicrobial catheters and catheters with enhanced biocompatibility. These advancements are expected to drive market growth by improving patient outcomes and reducing the risk of complications.Overall, the Thoracic Catheters Market is poised for continued expansion, driven by the increasing prevalence of chronic diseases and the growing demand for minimally invasive procedures.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Thoracic Catheters Market Material Insights
2.1.5. Material By material, the Thoracic Catheters Market has been segmented into polyurethane, silicone, and chlorinated polyvinyl chloride. Silicone is the largest segment, with over 50% of the market in 2023. Excellent biocompatibility, flexibility and durability ensure these properties. Polyurethane is the second largest segment, covering over 30% of the market share. As a strong and lightweight material resistant to kinking and tearing, major surgical procedures employ the use of polyurethane. The smallest segment is chlorinated polyvinyl chloride, with under 10% of the market.Due to the fact that it is an inexpensive material, this type of product is most commonly used in rooftop and entertainment catheters for short-term use. The increasing prevalence of cardiovascular diseases is driving the market. The demand for minimally invasive procedures is increasing. Companies are developing new and innovative catheter technologies, which are also called devices, in the market.
Thoracic Catheters Market Application Insights
The Thoracic Catheters Market segmentation by application includes Hemodialysis, Infusion, Drug delivery and Monitoring. The Hemodialysis segment is expected to hold the largest market share due to the increasing prevalence of chronic kidney disease and the need for effective dialysis treatments. The Infusion segment is projected to witness significant growth owing to the rising demand for targeted drug delivery and the administration of fluids, nutrients and medications. The Drug delivery segment is anticipated to gain traction due to the advancements in catheter-based drug delivery systems for precise and localized drug administration.The Monitoring segment is expected to grow steadily due to the increasing demand for continuous monitoring of vital parameters in critical care settings. The Thoracic Catheters Market data indicates that the Hemodialysis segment is estimated to reach a market value of around USD 1.5 billion by 2032, while the Infusion segment is projected to reach a market size of approximately USD 1 billion by the same year.
Thoracic Catheters Market End User Insights
The Thoracic Catheters Market is segmented into Hospitals, Clinics and Ambulatory Surgery Centers. Hospitals hold the largest market share due to the high volume of thoracic surgeries performed, advanced infrastructure and availability of skilled healthcare professionals. In 2023, Hospitals accounted for over 60% of the Thoracic Catheters Market revenue. Clinics follow as the second-largest segment, driven by the increasing preference for minimally invasive procedures and the availability of specialized clinics offering thoracic procedures.Ambulatory Surgery Centers are gaining popularity due to their cost-effectiveness and convenience, contributing to the growth of the Thoracic Catheters Market. The segment is expected to witness significant growth in the coming years as more patients opt for outpatient surgeries.
Thoracic Catheters Market Size Insights
The increasing prevalence of thoracic diseases, growing demand for minimally invasive procedures, and technological advancements are the major factors driving the growth of the thoracic catheters market. 4 French and 5 French catheters are expected to hold a significant market share over the forecast period due to their widespread use in various thoracic procedures, including pleural effusion drainage, pneumothorax management and thoracentesis. 6 French and 7 French catheters are gaining popularity due to their larger diameter, which allows for the drainage of thicker fluids and the administration of medications.The demand for 8 French and 9 French catheters is expected to increase in the coming years due to their use in more complex thoracic procedures, such as lung biopsy and pleurodesis. 10 French catheters are primarily used in interventional radiology procedures and are expected to witness a moderate growth rate during the forecast period.
Thoracic Catheters Market Regional Insights
The regional segmentation of the Thoracic Catheters Market showcases distinct market dynamics across various regions. North America is projected to dominate the market in 2024, capturing a significant share due to the high prevalence of cardiovascular diseases, advanced healthcare infrastructure and favorable reimbursement policies. Europe follows closely, driven by the increasing adoption of minimally invasive surgical procedures and government initiatives to improve healthcare outcomes. APAC is expected to experience substantial growth over the forecast period, primarily attributed to the rising geriatric population, increasing disposable income and expanding healthcare facilities.South America and MEA are also expected to contribute to the overall market growth, albeit at a moderate pace, due to improving healthcare systems and growing awareness of thoracic catheterization procedures.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Thoracic Catheters Market Key Players And Competitive Insights
Leading Thoracic Catheters Market players are engaged in R activities to introduce new thoracic catheters and expand their product portfolio. Moreover, dominant players are involved in collaborations, partnerships, agreements, and joint ventures to maintain their position and cater to the increasing demand for minimally invasive treatments. These factors are driving a high level of competition in the market, where the major Thoracic Catheters Market players are consistently investing in R to develop novel and technologically advanced products to meet the changing preferences of healthcare professionals and patients. This competitive market environment results in technological advancements and clinical research that benefit patients and healthcare providers.
Leading Thoracic Catheters Market player Boston Scientific Corporation offers a wide range of thoracic catheters based on their usage and applications. These include the Arrow Double-Lumen Catheter, Arrow TK2 Temporary Vena Cava Filter, Arrow Cobra PF2 Diagnostic Catheter, and others. The company heavily invests in R&D activities to expand its thoracic intervention offerings and develop new thoracic catheters products. Boston Scientific Corporation is a leading provider of high-quality and cost-effective solutions, which increases its market presence.
Another key player in the Thoracic Catheters Market is Teleflex Incorporated, which offers Arrow Perfusion Cannula, Arrow Flow-Gard Intravascular Filter, Arrow ATC Plus pressure monitoring catheter, and other thoracic catheters. The company is focused on developing high-quality thoracic catheter products to improve the patient’s outcomes. The Teleflex Arrow range of products offers cutting-edge devices that improve end results. The Thoracic Catheters Market profile of the company is enhanced by a solid range of products that address the clinical need.
Key Companies in the Thoracic Catheters Market Include
- Vygon
- Teleflex
- Medtronic
- AngioDynamics
- Terumo Medical
- Smiths Medical
- Boston Scientific
- ICU Medical
- Cook Group
- R. Bard
- Edwards Lifescienc
- Becton, Dickinson and Company
- CR Bard
- Argon Medical
- Merit Medical Systems
Thoracic Catheters Market Industry Developments
The Thoracic Catheters Market is expected to reach USD 4.5 billion by 2032, at a CAGR of 3.72% over the forecast period (2024-2032). The market growth is attributed to the rising prevalence of thoracic diseases, such as pleural effusions, pneumothorax, and chylothorax, increasing demand for minimally invasive procedures, technological advancements in thoracic catheters, and growing awareness about the benefits of early diagnosis and treatment of thoracic diseases.Recent news developments in the market include the launch of new products, such as the PleuraFlow Active Pleural Drainage System by Medtronic the PleurX Catheter by Teleflex, and the acquisition of Torax Medical by Smiths Medical. These developments indicate the growing interest in the thoracic catheters market and the potential for further innovation and growth in the coming years.
Thoracic Catheters Market Segmentation Insights
Thoracic Catheters Market Type of Catheter Outlook
- Percutaneous Central Venous Catheter
- Non-tunneled CVC
- Tunneled CVC
- Implanted CVC
- Peripherally Inserted Central Catheter
Thoracic Catheters Market Material Outlook
- Polyurethane
- Silicone
- Chlorinated polyvinyl chloride
Thoracic Catheters Market Application Outlook
- Hemodialysis
- Infusion
- Drug delivery
- Monitoring
Thoracic Catheters Market End User Outlook
- Hospitals
- Clinics
- Ambulatory Surgery Centers
Thoracic Catheters Market Size Outlook
- 4 French
- 5 French
- 6 French
- 7 French
- 8 French
- 9 French
- 10 French
Thoracic Catheters Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.12(USD Billion) |
| Market Size 2023 |
3.24(USD Billion) |
| Market Size 2032 |
4.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.72% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Vygon, Teleflex, Medtronic, AngioDynamics, Terumo Medical, Smiths Medical, Boston Scientific, ICU Medical, Cook Group, C. R. Bard, Edwards Lifescienc, Becton, Dickinson and Company, CR Bard, Argon Medical, Merit Medical Systems |
| Segments Covered |
Type of Catheter, Material, Application, End User, Size, Regional |
| Key Market Opportunities |
1.      Disposable catheters 2.      Advanced imaging systems 3.      minimally invasive surgeries 4.      Growing prevalence of respiratory diseases Lung cancer management |
| Key Market Dynamics |
1.      Increasing demand for minimally invasive procedures 2.      Technological advancements 3.      Growing prevalence of thoracic diseases 4.      Government initiatives and favorable reimbursement policies 5.      Strategic collaborations and partnerships |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Thoracic Catheters Market is expected to reach a valuation of 3.24 billion USD in 2023.
The Thoracic Catheters Market is projected to grow at a CAGR of 3.72% from 2024 to 2032.
The Thoracic Catheters Market is expected to reach a valuation of 4.5 billion USD by 2032.
North America is expected to hold the largest market share in the Thoracic Catheters Market throughout the forecast period.
The pleural drainage segment is expected to hold the largest market share in the Thoracic Catheters Market throughout the forecast period.
Some of the key competitors in the Thoracic Catheters Market include BD, Teleflex, Medtronic, Cook Medical, and Smiths Medical.
Factors driving the growth of the Thoracic Catheters Market include the rising prevalence of thoracic diseases, technological advancements, and increasing healthcare expenditure.
Challenges faced by the Thoracic Catheters Market include regulatory hurdles, reimbursement issues, and competition from alternative therapies.
Opportunities for growth in the Thoracic Catheters Market include the development of new products, expansion into emerging markets, and strategic collaborations.
Key trends in the Thoracic Catheters Market include the increasing use of minimally invasive procedures, the development of smart catheters, and the growing adoption of home healthcare.
