The epidural catheter market size is expected to see exponential growth in the next few years. It will grow to $42.22 billion in 2028 at a compound annual growth rate (CAGR) of 38.6%. The growth in the forecast period is expected due to a rise in cardiovascular diseases, an expanding healthcare sector, a higher incidence of chronic pain, more frequent labor complications, and greater use of single-dose epidurals. Key trends during this period include increased product innovation, advancements in healthcare infrastructure, technological progress, and new partnerships.
The increasing number of surgeries is anticipated to drive the growth of the epidural catheters market. Surgeries, which are medical procedures involving tools to treat injuries or illnesses by making incisions in the body, are on the rise due to several factors. These include advancements in medical technology, greater awareness and access to healthcare, an aging population with complex health needs, and evolving surgical techniques that allow for safer and more effective treatments. Epidural catheters provide targeted, adjustable pain relief, significantly enhancing surgical outcomes and patient comfort. They allow for continuous infusion or patient-controlled analgesia, offering flexible pain management options based on individual needs. For example, according to a report published by the Aesthetic Society in April 2022, the average plastic surgeon performed 320 surgical procedures in 2021, compared to 220 in 2020. Therefore, the rising number of surgeries is fueling the epidural catheter market.
Leading companies in the epidural catheters market are investing in the production of epidural catheters to offer enhanced biocompatibility, improved insertion design, and technologies aimed at reducing complications. These advancements are driven by the growing demand for safer and more effective pain management solutions in various medical fields, including anesthesiology and chronic pain management. For instance, in May 2023, Oakville Medical, a Canadian medical company, received a $775,000 financial boost from the Ontario Together Fund and support from Canadian Hospital Specialties Limited to invest over $1.5 million in producing epidural catheters, primarily used during childbirth for pain relief. This funding is part of a broader investment to expand CHS's manufacturing capabilities for epidural catheters.
In January 2022, ICU Medical, a US-based manufacturer of medical devices and equipment, acquired Smiths Medical for an undisclosed amount. This acquisition aims to improve patient care and address healthcare challenges. Smiths Medical, also a US-based company, manufactures epidural catheters.
Major companies operating in the epidural catheter market are Becton Dickinson and Company, Stryker Corporation, Medline Industries LP, B. Braun, Smiths Group, Cook Group Incorporated, Teleflex Incorporated, Halyard Health, Vygon SAS, Argon Medical Devices Inc., Galt Medical Corporation, Biçakcilar AS, sfm medical devices GmbH, Pacific Hospital Supply, GBUK Group Limited, PAJUNK Medical Produkte GmbH, Flexicare Medical Ltd., Epimed International Inc., EPIMED REVENUE, Ace Medical Technology, Edges Medicare Pvt. Ltd.
North America was the largest region in the epidural catheter market in 2023. The regions covered in the epidural catheter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the epidural catheter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
An epidural catheter is a slender tube placed in the epidural space of the spine to administer pain-relieving medications directly. This technique is frequently utilized for childbirth, surgical procedures, and managing chronic pain. Epidural catheters play a vital role in pain management and anesthesia, providing targeted and effective pain relief in different medical situations.
There are two primary types of epidural catheters continuous and single-dose. The continuous epidural catheter is a flexible tube inserted into the spine's epidural space, allowing for the continuous delivery of pain medication. These catheters are made from materials such as polyurethane, silicone, and latex. They are used in various settings, including hospitals and clinics, and cater to different patient groups, including adults, children, and the elderly.
The epidural catheter market research report is one of a series of new reports that provides epidural catheter market statistics, including epidural catheter industry global market size, regional shares, competitors with an epidural catheter market share, detailed epidural catheter market segments, market trends, and opportunities, and any further data you may need to thrive in the epidural catheter industry. This epidural catheter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The epidural catheter market consists of sales of epidural needles, local anesthetics, an infusion pump, syringes, and needles. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Epidural Catheter Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on epidural catheter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for epidural catheter? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Continuous Epidural Catheter; Single Dose Epidural Catheter2) By Material: Polyurethane; Silicon; Latex
3) By Application: Hospitals; Clinics; Other Applications
4) By End User: Adults; Pediatric; Geriatric
Key Companies Mentioned: Becton Dickinson and Company; Stryker Corporation; Medline Industries LP; B. Braun; Smiths Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Becton Dickinson and Company
- Stryker Corporation
- Medline Industries LP
- B. Braun
- Smiths Group
- Cook Group Incorporated
- Teleflex Incorporated
- Halyard Health
- Vygon SAS
- Argon Medical Devices Inc.
- Galt Medical Corporation
- Biçakcilar AS
- sfm medical devices GmbH
- Pacific Hospital Supply
- GBUK Group Limited
- PAJUNK Medical Produkte GmbH
- Flexicare Medical Ltd.
- Epimed International Inc.
- EPIMED REVENUE
- Ace Medical Technology
- Edges Medicare Pvt. Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | September 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 11.45 Billion |
Forecasted Market Value ( USD | $ 42.22 Billion |
Compound Annual Growth Rate | 38.6% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |