Global Sensor-based Smart Catheters Market

Report ID : 1286 | Published : 2022-09-07 | Pages: | Format: PDF/EXCEL

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
  • Biometrix
  • Braun Melsungen AG
  • AD Instruments.
  • Medtronic plc
  • Teleflex Incorporated
  • UroDev Medical
  • Asid Bonz GmbH
  • Bactiguard AB
  • COOK Medical
  • Laborie
  • Medline Industries
  • ZOLL Medical Corporation
  • TE Connectivity

Other prominent players

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Sensor Based Smart Catheters Market Snapshot

Chapter 4. Global Sensor Based Smart Catheters Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Industry Analysis – Porter’s Five Forces Analysis

4.6. Competitive Landscape & Market Share Analysis

4.7. Key Trends in the Market

4.8. COVID 19 Impact Analysis

Chapter 5. Sensor Based Smart Catheters Market Segmentation 1: By Product Estimates & Trend Analysis

5.1. By Products & Market Share, 2020 & 2030

5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Products:

5.2.1. Temperature Sensing Foley Catheter

5.2.2. Pressure Catheter

5.2.3. Mapping Catheter

5.2.4. Other Products (ECG, Imaging catheter, Etc)

Chapter 6. Sensor Based Smart Catheters Market Segmentation 2: By Material Estimates & Trend Analysis

6.1. By Material & Market Share, 2020 & 2030

6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Material:

6.2.1. Silicon

6.2.2. Polytetrafluoroethylene (Teflon)

6.2.3. Polyetheretherketone

6.2.4. Others (Latex, PVDF)

Chapter 7. Sensor Based Smart Catheters Market Segmentation 3: By Catheter Types Estimates & Trend Analysis

7.1. By Catheter Types Analysis & Market Share, 2020 & 2030

7.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Catheter Types:

7.2.1. Single Lumen

7.2.2. Multi Lumen

Chapter 8. Sensor Based Smart Catheters Market Segmentation 4: By Applications Estimates & Trend Analysis

8.1. By Applications Analysis & Market Share, 2020 & 2030

8.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Applications:

8.2.1. Cardiovascular

8.2.2. Urology

8.2.3. Gynecology

8.2.4. Neurovascular

8.2.5. Other Applications

Chapter 9. Sensor Based Smart Catheters Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Products, 2019-2030

9.1.2. North America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Material, 2019-2030

9.1.3. North America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Catheter Types, 2019-2030

9.1.4. North America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Applications, 2019-2030

9.1.5. North America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts by country, 2019-2030

9.1.5.1. U.S.

9.1.5.2. Canada

9.2. Europe

9.2.1. Europe Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) By Products, 2019-2030

9.2.2. Europe Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Material, 2019-2030

9.2.3. Europe Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) By Catheter Types, 2019-2030

9.2.4. Europe Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Applications, 2019-2030

9.2.5. Europe Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) by country, 2019-2030

9.2.5.1. Germany

9.2.5.2. Poland

9.2.5.3. France

9.2.5.4. Italy

9.2.5.5. Spain

9.2.5.6. UK

9.2.5.7. Rest of Europe

9.3. Asia Pacific

9.3.1. Asia Pacific Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) By Products, 2019-2030

9.3.2. Asia Pacific Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Material, 2019-2030

9.3.3. Asia Pacific Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) By Catheter Types, 2019-2030

9.3.4. Asia Pacific Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Applications, 2019-2030

9.3.5. Asia Pacific Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) by country, 2019-2030

9.3.5.1. China

9.3.5.2. India

9.3.5.3. Japan

9.3.5.4. Australia

9.3.5.5. Rest of Asia Pacific

9.4. Latin America

9.4.1. Latin America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) By Products, (US$ Mn) 2019-2030

9.4.2. Latin America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Material, 2019-2030

9.4.3. Latin America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) By Catheter Types, (US$ Mn) 2019-2030

9.4.4. Latin America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Applications, 2019-2030

9.4.5. Latin America Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) by country, (US$ Mn) 2019-2030

9.4.5.1. Brazil

9.4.5.2. Rest of Latin America

9.5. MEA

9.5.1. MEA revenue Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) By Products, (US$ Mn) 2019-2030

9.5.2. MEA Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Material, 2019-2030

9.5.3. MEA revenue Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) By Catheter Types, (US$ Mn) 2019-2030

9.5.4. MEA Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) estimates and forecasts By Applications, 2019-2030

9.5.5. MEA revenue Sensor Based Smart Catheters Market revenue (US$ Mn) and volume (No. of Units) by country, (US$ Mn) 2019-2030

9.5.5.1. South Africa

9.5.5.2. Rest of MEA

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles 

10.2.1. Abbott Laboratories

10.2.2. ICU Medical, Inc.

10.2.3. Johnson & Johnson Services, Inc.

10.2.4. Medtronic plc

10.2.5. Teleflex Incorporated

10.2.6. Becton, Dickinson and Company

10.2.7. Biometrix

10.2.8. B. Braun Melsungen AG

10.2.9. AD Instruments.

10.2.10. UroDev Medical

10.2.11. Asid Bonz GmbH

10.2.12. Bactiguard AB

10.2.13. COOK Medical

10.2.14. Laborie

10.2.15. Medline Industries

10.2.16. ZOLL Medical Corporation

10.2.17. TE Connectivity

10.2.18. 8.3. List of Other Prominent Players

Global Sensor-based Smart Catheters Market, by Product Type, 2022-2030 (Value US$ Mn)

  • Temperature Sensing Foley Catheter
  • Pressure Catheter
  • Mapping Catheter
  • Others

Global Sensor-based Smart Catheters Market, by Catheter Type, 2022-2030 (Value US$ Mn)

  • Single Lumen
  • Multi Lumen

Global Sensor-based Smart Catheters Market, by Material, 2022-2030 (Value US$ Mn)

  • Silicon
  • Polytetrafluoroethylene
  • Polyetheretherketone
  • Others

Global Sensor-based Smart Catheters Market, by Application, 2022-2030 (Value US$ Mn)

  • Cardiovascular
  • Urology
  • Gynaecology
  • Neurovascular
  • Others

Global Sensor-based Smart Catheters Market, by Region, 2022-2030 (Value US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn)

  • S.
  • Canada

Europe Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn)

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn)

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn)

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Sensor-based Smart Catheters Market, by Country, 2022-2030 (Value US$ Mn)

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Landscape

  • Company Overview
  • Financial Performance
  • Key Development
  • Latest Strategic Developments

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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USD 3.83 Bn in 2021

growth rate (CAGR) of 9.0% from 2022 to 2030.

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