Product Description
Overall, the global catheter cap market was valued at $160 million in 2023. This is expected to increase over the forecast period at a CAGR of 5.4% to reach over $230 million.
Throughout this medical market research, we analyzed over 8 catheter cap companies across 7 continents and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts. The full report suite encompasses on comprehensive analysis of the global catheter cap market.
DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2030, and Historical Data to 2020
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- COVID19 Impact
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
Global Catheter Cap Market Insights
The global population is growing at a rate of around 0.88% annually, and the elderly population is expanding at approximately 1.8% per year. This shift in demographics is leading to a higher number of hospital admissions. Most hospitalized patients receive catheters in one form or another. Consequently, the rising demand for these catheters is expected to boost sales of catheter caps over the projected period.
Global Catheter Cap Market Share Insights
- In 2023, 3M dominated the catheter cap market with its Curos™ line, designed for disinfecting catheter ports. These caps, suitable for needleless connectors and Luers, use an isopropyl alcohol solution to disinfect open catheter ports within a minute. Curos™ caps offer protection for up to seven days and are replaced each time the port is accessed, resulting in multiple daily cap uses, driving increased sales. 3M emphasizes the cost-saving potential of Curos™ caps compared to treating infections. Studies suggest potential savings of over $30,000 associated with Curos™ cap usage.
- ICU Medical is the second-leading player in the catheter cap market, particularly excelling in the dialysis cap segment following its acquisition of Pursuit Vascular in 2019. Pursuit Vascular’s ClearGuard® HD caps use chlorhexidine for disinfection, which has been shown to reduce catheter-related bloodstream infections by approximately 70%.
Market Segmentation Summary
- Catheter Cap Market
Global Research Scope Summary
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2023 |
| Forecast | 2024-2030 |
| Historical Data | 2020-2023 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
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