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The specialty catheters industry is competitive in nature, with large multinationals and smaller companies competing for the leading positioning. Key market players focus on continuous innovation to develop novel specialty catheters that enhance efficiency, comfort, and cost-effectiveness. This emphasis on innovation drives competitiveness and ensures that specialty catheters technology remain at the forefront of medical technology.
Some of the eminent market participants operating in the specialty catheters industry include:
Specialty catheters market size was valued at USD 6.4 billion in 2023 and is estimated to grow at 8.7% CAGR from 2024 to 2032, owing to the increasing prevalence of cardiovascular diseases (CVDs) worldwide.
The hospitals segment in the specialty catheters industry will generate USD 7.9 billion by 2032, as hospitals are equipped to perform complex medical procedures and interventions.
Abbott, B Braun, Bioptimal International Pte. Ltd., Deroyal, Dyna Medical, Edward life science corporation, Hollister incorporated, ICU medical, Medline, Merit Medical Systems, Inc., Prunus Medical and Teleflex
North America specialty catheters market size accounted for USD 2.1 billion in revenue in 2023, driven by the rising prevalence of chronic diseases, such as cardiovascular diseases, diabetes, and kidney disorders.