Global Arterial Catheter & Kits Market Anticipated to Reach US$ 1,632.3 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Arterial Catheter & Kits Market by product, by age group, by application, by end-user, and by region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 929.4 Million in 2022 and is anticipated to grow at a growth rate of 6.5% by the year 2031.

Arterial catheters & kits are medical instruments or devices that are inserted into an artery (blood vessel), mostly in the radial artery (wrist) or femoral artery (groin) for continuous blood pressure monitoring or arterial blood sampling. Arterial catheters measure blood pressure more accurately than a blood pressure cuff. This is often called as an art-line in the intensive care unit (ICU). Arterial catheters are inserted to facilitate phlebotomy, augment hemodynamic monitoring, or monitor arterial blood gases.

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The global arterial catheter & kits market has been segmented in terms of by product, by age group, by application, by end-user, and by region. In terms of product, the global arterial catheter & kits market is segmented into catheter kits, arterial blood gas kits, and others. Based on the age group, the market is divided into kids and adults. On the basis of the application, the market is splits into blood collection, measure blood pressure, and others. Based on the end-user, the market is fragmented into hospitals, clinics, ambulatory surgical centers, and others. As regions, the market is separated into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The outbreak of coronavirus disease in 2019 (COVID-19) had some positive impact on the global arterial catheter & kits market. The adoption of arterial catheters in hospitals and ambulatory surgical centers increased in pandemic, this droves growth of the market. As of June 20, 2023, more than 769 Mn confirmed cases of COVID-19 were reported, and over 6.9 Mn deaths were caused by the disease globally.

The outbreak of the coronavirus pandemic impeded the growth of the market at extent period of time in various countries, including the US, China, Germany, Japan, and India.  In 2020, the global GDP was about USD 84.68 trillion and it declined by 3.4%, while the volume of world trade was reduced by 5.3%, and foreign direct investment (FDI) flows decreased by 35% as compared to the previous year. However, post-pandemic improvement in the supply chain of medical devices is increasing the demand for surgery, thus significantly rising the adoption of arterial catheter & kits during surgeries. The pandemic led to a surge in demand for critical care equipment, including arterial catheter & kits. Growing investments in the development & production of arterial catheter & kits are increasing the demand for arterial catheter & kits by hospitals and ASCs. Market players are focusing on new products that are expected to drive the arterial catheter & kits market over the forecast period.

As per growth market reports by industry Senior Associate “Anuradha More”, “the expanding application market, healthcare, and medical device industry are expected to contribute to the growth of the global arterial catheter & kits market.          

Key Takeaways from the Study:

• The players in the global arterial catheter & kits market include Argon Medical Device; B. Braun SE; BD; Biometrix; ICU Medical, Inc.; IDEXX (OPTI MEDICAL SYSTEMS); Intra special catheters GmbH; ITL BioMedical; Lepu Medical Technology(Beijing)Co.,Ltd.; Medline Industries, LP; Merit Medical Systems; PRODIMED; SunMed; Teleflex Incorporated; VYGON (UK) LTD; and Other. These companies hold a significant share of the global arterial catheter & kits market in 2022.

• The increasing prevalence of cardiovascular diseases (CVDs), as well as the increased availability of arterial catheter & kits clinics and the ease of use associated with this therapy. However, the high costs of catheter, as well as their lack of accuracy, have hampered market growth.

• Furthermore, in terms of products, the global market is classified as arterial catheter kits, arterial blood gas kits, and other arterial kits. The arterial catheter kits segment is projected to expand at a rapid pace during the forecast period, as it provides real-time, accurate measurements of arterial blood pressure.

• On the basis of age group, the global arterial catheter & kits Market is categorized as kids and adults. The adults segment is expected to hold a significant share of the market during the forecast period, as arterial catheter & kits are widely used in adult patients for hemodynamic monitoring.

• In terms of regions, the global arterial catheter & kits markets are divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America had a XX% share of the market in 2022, owing to the market in North America is expected to grow at a rapid pace during the forecast period and is projected to maintain its dominance in the market during the forecast period due to advancements in healthcare infrastructure, increased healthcare spending, and higher demand for advanced arterial catheter.

Report Scope:

Target Audience:

• Supply-side: Manufacturer, Distributors, Supplier.

• Demand Side: Healthcare, Hospitals, Ambulatory Surgical Centers and Others.

• Regulatory Side: Concerned government authorities, and other approved regulatory bodies.

• Associations and Industry Bodies: World Health Organization (WHO), Food Drug Administration (FDA), Centers for Disease Control and Prevention (CDC), National Health Expenditure (NIH) etc.