Catheters Market – India
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 17.30% (2024-2032)
Market Size in 2023: USD 860.2 Million
Market Size in 2032: USD 3,712.3 Million
The India catheters market is driven by rising healthcare needs, advancements in medical devices, and demand for urological, cardiovascular, and specialty catheters. According to the latest report by IMARC Group, the market reached USD 860.2 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 3,712.3 Million by 2032, exhibiting a growth rate (CAGR) of 17.30% during 2024-2032.
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India Catheters Market Trends and Drivers:
- Increase in Chronic Diseases:
- Growing occurrence of cardiovascular disorders, diabetes, urinary tract conditions, etc., often requiring catheterization for treatment.
- Aging Population:
- Increasing elderly population leading to more hospital admissions for surgeries and long-term care, driving the demand for catheters.
- Improved Healthcare Infrastructure:
- Government initiatives to enhance healthcare facilities.
- Growing health insurance coverage making advanced medical procedures more accessible.
- Increased adoption of catheters in public and private healthcare settings.
- Rising Awareness of Minimally Invasive Procedures:
- Higher demand for specialized catheters for diagnostics and treatment due to awareness of minimally invasive methods.
Key Market Trends
- Technological Advancements:
- Innovations such as antimicrobial-coated and drug-eluting catheters.
- More flexible and patient-friendly catheter designs that reduce infection rates and improve comfort.
- Growth in Home Healthcare Services:
- Increased demand for portable, easy-to-use catheter systems among elderly patients requiring long-term care.
- Expansion of Manufacturers:
- Growing presence of international and domestic manufacturers offering cost-effective catheter products.
- Positive Market Outlook:
- Expansion of healthcare facilities and advancements in medical technologies expected to contribute to steady market growth in the coming years.
India Catheters Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Cardiovascular Catheters
- Urology Catheters
- Intravenous Catheters
- Neurovascular Catheters
- Specialty Catheters
- Others
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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