Industry Outlook

The pediatric catheters market is representing stable growth at a compounded annual growth rate (CAGR) of 9.0% during the forecast period from 2024 to 2032. Rising incidence of infectious and congenital diseases in children pertaining to cardiovascular, urology, neurovascular etc. has resulted in early surgical intervention to curb the mortality rate in children. Technological advancement in the pediatric catheters and excellent ergonomic features has drastically reduced the catheters associated infections and aid in the healing process post surgery with minimal discomfort. Proactive government initiatives worldwide to cater financial aid to promote children healthcare and favorable reimbursement provided by insurance payers further propel the pediatric catheters market growth. 

"Increasing drug and alcohol abuse during pregnancy is the major contributing factor for the rising prevalence of congenital heart disease"

As per the research findings brought forward by National Institute of Health (NIH), the prevalence rate for congenital cardiovascular abnormalities ranges for 8 to 12 per 1000 live births. In the present scenario congenital cardiovascular catheters are reigning the product segment for pediatric catheters market. Increasing cases of alcohol and drug abuse during pregnancy results in occurrence of congenital heart disease in the newborn. Urology catheters are gaining tremendous traction owing to increasing number of kidney problems in children requiring surgical intervention. Availability of catheters of different sizes for children belonging to different age group and its importance in the healing process post surgery drive the urology catheters market growth. 

"Rising prevalence of congenital cardiovascular and urological disorders and favorable reimbursement scenario drive the market growth in North America"

North America is presently holding 35% market share and is dominating the regional segment for pediatric catheters market. The influencing factors pertaining to its market growth are rising prevalence of congenital cardiovascular and urological disorders. As per the research findings of Center for Disease Control and Prevention (CDC), approximately 1 in 4 newborn babies are reported with cardiovascular complication requiring immediate surgical intervention. Favorable reimbursement scenario further propels the pediatric catheters market growth in North America region. Europe holds 31% market share primarily due to strategic collaboration between academic research institutes and medical device manufacturers to improve the ergonomic designs of catheters employed while performing pediatric surgical procedures. Asia Pacific accounts for 17% share on account of increasing medical tourism, rampant growth in midsized medical device manufacturers actively engaged in production of pediatric catheters.

B. Braun Melsungen, Boston Scientific Corporation, Coloplast A/S, Cooper, Becton, Dickinson and Company (BD), Edwards Life Science Corporation, Flexicare Medical Limited, Getinge group, Johnson & Johnson, LABORIE, Medtronic, Plc., ICU Medical Inc., Wellspect HealthCare And Others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Pediatric Catheters market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Pediatric Catheters market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Pediatric Catheters market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Pediatric Catheters market?
• Which is the largest regional market for Pediatric Catheters market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Pediatric Catheters market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Pediatric Catheters market worldwide?