Catheter Introducer Sheaths Market Size to Surpass US$ 2.06 Billion by 2031, Read Growth Plus Reports here

According to Growth Plus Reports, the global market for catheter introducer sheaths is expected to reach US$ 2.06 billion by 2031, expanding at a CAGR of 5.6% from US$ 1.26 billion in 2022.

The global market for catheter introducer sheaths was analysed, and significant growth is anticipated over the forecast period. Catheter introducer sheaths are medical devices that provide access to the cardiovascular system during interventional procedures. Through a small skin incision or perforation, an introducer sheath, a long, thin, flexible tube, is implanted and then directed into a blood artery.

Key Takeaways:

• The market revenue share is driven by the rising prevalence of cardiovascular diseases and the rising demand for catheterization procedures.
• Market demand is driven by advancements in healthcare products and demand for minimally invasive procedures.
• The efficacy and efficiency of patient comfort are accelerating the increase in market revenue.
  Provide Attribute Specifics
• Size of the Market Value in 2022 US$ 1.26 billion Forecast Revenue in 2031 US$ 2.06 billion CAGR 5.6%
  Estimation Year of Base 2022 Forecast Period 2023 to 2031
• Historic 2021 year segments Product, Application, End User, and Region Covered
• Regional ScopeThe continents of North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Recent Trends in the Market for Catheter Introducer Sheaths:

• Intri24 introducer sheath, introduced by Inari Medical in April 2022, is designed for use with Triever20 and Triever24 catheters for large-bore venous access.
• Biotronik expanded their selection of peripheral introducer sheaths in September 2021 to facilitate the percutaneous insertion of guidewires, catheters, and other devices into the femoral, popliteal, and infrapopliteal arteries during interventional procedures.

Competitive Environment

The following are notable companies functioning on the global market for catheter introducer sheaths:

• The Terumo Medical Company
• Teleflex, Inc. Smiths Group, PLC Stryker, Inc. CARDINAL HEALTH Angiodynamics

Market Forces and Restrictions:

The increasing number of cardiac procedures, the growing preference for minimally invasive surgeries, and the availability of various catheter introducer sheath designs and sizes drive the global market for catheter introducer sheaths. In addition, the development of new technologies for catheter introducer sheaths, such as hydrophilic coatings and magnetic navigation systems, will likely contribute to the global market’s revenue growth.

As a result of the potential for device-related complications such as bleeding, infection, and vessel perforation, the need for specialised training and expertise to perform catheterization procedures, and the increasing regulatory requirements associated with medical devices, market revenue growth is anticipated to be constrained.

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Market Segmentation:

Segmentation Based On Items

The global market for catheter introducer sheaths is segmented based on product type into integrated introducer sheaths and separable introducer sheaths. Integrated introducer sheaths account for the greatest revenue share of the market because of their ease of use and reduced risk of bleeding and infection.

Application Segmentation

The global catheter introducer sheaths market is segmented by application into cardiology, vascular, and neurology. Due to the rise in obesity, elevated blood pressure, and other risk factors for cardiovascular disease, the cardiology market segment accounts for the largest revenue share.

Segmentation Based Upon End User

The global market for catheter introducer sheaths is segmented by end-user into hospitals, ambulatory surgery centres, and others. As hospitals are frequently equipped with specialised equipment and personnel capable of performing complex procedures requiring catheter introducer sheaths, the hospital segment with the largest revenue share dominates the global market.

Regional Development Dynamics

The global market for catheter introducer sheaths is segmented by region into North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. Due to the increasing number of conferences and seminars, the prevalence of cardiovascular diseases, and the number of studies and clinical trials for vascular access devices, North America dominates the global market with the largest revenue share.

Report Content

Growth Plus Reports conducted an in-depth analysis of the global market for catheter introducer sheaths. We analysed the fundamental market characteristics, significant investment sectors, regional growth analytics, revenue projections, competitive market participants, and mergers.