The growing prevalence of chronic disorders is projected to augment the growth of the China catheter market over the forecast period. For instance, according to the American Heart Association’s Heart and Stroke Statistics 2019 Update, around 48% of all adults in the U.S. suffered from some type of cardiovascular disease in 2016.

Moreover, the increasing geriatric population is also expected to aid in the growth of the market. For instance, According to the 2020 census figure, there are approximately 264 million people in China in the age group of 60 and over, amounting to some 18.70 percent of the population, up from 13.3 in the 2010 census.

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On the other hand, the high cost of the cardiac catheterization procedure is projected to restrict the growth of the China catheter market. For instance, the cost of cardiac catheterization with & without coronary angiogram ranges from US$ 3,000 to US$ 5,000.

Also, risks associated with the cardiac catheterization procedure such as air embolism, heart attack, bleeding, infection, and kidney damage are again expected to hinder growth of the market.

Furthermore, growing prevalence of urinary incontinence is projected to propel the demand for Foley catheters. For instance, according to the paper, “The prevalence of urinary incontinence,” published in the journal Climacteric, in June 2019, the prevalence of UI ranged from approximately 5% to 70%, with most studies reporting a prevalence of any urinary incontinence in the range of 25-45%.

In February 2020, RIST Neurovascular, Inc., a neuro-interventional MedTech company, received U.S. Food and Drug Administration (FDA) 510(k) clearance to market the RIST Cath Radial Access Long Sheath (RIST Cath).

A catheter is basically a narrow tube made of strong medical-grade material serving a wide array of purposes. Catheters are typically medical instruments that are inserted directly into the human body either to diagnose ailments or carry out a specific surgical procedure. The main purpose of a catheter is to allow doctors and surgeons to perform invasive procedures without having to cut into the patient’s flesh, as is normally the case when operating on larger areas of the human body. The three main types of catheters are flexible tube, flexible bag-like catheters, and solid bulk catheters. With the help of these flexible tubes, doctors and surgeons can carry out a wide range of medical procedures that include inserting, removing, and handling urine and semen samples.

Major Players in Catheter Market

Cordis (Cardinal Health), Abbott Laboratories, B. BRAUN, Medtronic plc, Terumo, Teleflex Corporation, C. R. Bard, Inc., RIST Neurovascular, Inc., Edwards Lifesciences, Cook Medical Incorporated, Merit Medical, Biotronik, BALT, Osypka AG, Japan Lifeline, ACT, Lepu, Microport, SCW Medicath, Boston Scientific Corporation, Coloplast A/S, Convatec Group PLC, Dentsply, Bactiguard, Hollister Incorporated, Pacific Hospital Supply Co. Ltd., Rochester Medical Corporation, Fuqing Medical, Medsuyun, Songhang, Sanli, Chensheng Medical, Haiou Medical, CATHETRIX, and World Medical.

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