The Global Sensor-based Smart Catheters Market size was accounted at USD 3.83 Bn in 2021; It is projected to grow at a compound annual growth rate (CAGR) of 9.0% from 2022 to 2030. A sensor-based smart catheter detects chemical changes in the pH or acid-base environment around the catheter. A catheter is a piece of medical equipment inserted into the body to allow the outflow of physiological fluids for therapeutic or disease management purposes or for the administration of drugs during a surgical procedure. Catheter manufacturers have begun to integrate electronic sensing functionality into their instruments, resulting in 'sensing' catheters.
The growing incidence of illnesses such as urinary bladder disorders, renal failure, and coronary heart disease is expected to increase the demand for catheterization procedures, including the use of sensor-based smart catheters. Governments in developed nations have developed guidelines for nurses and other healthcare professionals to use catheterization effectively and safely as a result of an increase in the prevalence of catheter-associated urological and vascular infections, which will positively affect the sensor-based smart catheters market. In Aug 2021, Freudenberg Medical Expanded Sensor Integration Capabilities such as temperature and pressure sensors, entire sensor arrays, and fiber optic sensors for Catheter Manufacturing.
The high price of sophisticated catheters, however, might impede industry development. A growing number of patients undergoing catheterization procedures need novel catheters because they have chronic and cardiovascular diseases like urinary bladder, renal failure, and coronary heart disease. However, the adoption rate of catheters may decline across low-income countries as a result of the expensive catheterization procedures for these diseases.
Global Sensor-based Smart Catheter Market is divided into four segments product type, catheter type, material and application. The product type segment is again categorized into temperature sensing Foley catheters, pressure catheters, mapping catheters and other catheters. The catheter type segment is subdivided into the single lumen and multi lumen, whereas in the case of material, it is divided into silicon, pltetrafluoroethylene, polyetheretherkeone, and other materials. At last, by means of application, the segment includes cardiovascular, urology, gynaecology, neurovascular and other applications in which urology will anticipate the market in the coming years.
The North America market is expected to develop at a high CAGR during the projected period, owing to the region's rising incidence of urinary illnesses such as nephrosis and developed healthcare infrastructure.The region's market is being boosted by the presence of a sizable patient base with kidney and cardiovascular diseases and better medical facilities.
Significant market players in the sensor-based smart catheter market are Abbott Laboratories, ICU Medical, Inc., B. Braun Melsungen AG, Johnson & Johnson Services, Inc., Teleflex Incorporated, Becton, Dickinson and Company, Biometrix, Medtronic plc,AD Instruments, UroDev Medical, Asid Bonz GmbH, Bactiguard AB, COOK Medical, Laborie, Medline Industries, ZOLL Medical Corporation, TE ConnectivityOther prominent players.
- Abbott Laboratories
- Johnson & Johnson Services, Inc.
- ICU Medical, Inc.
- Becton, Dickinson and Company
- Braun Melsungen AG
- AD Instruments.
- Medtronic plc
- Teleflex Incorporated
- UroDev Medical
- Asid Bonz GmbH
- Bactiguard AB
- COOK Medical
- Medline Industries
- ZOLL Medical Corporation
- TE Connectivity
Other prominent players