No. of Pages: 193 | Report Code: BMIPUB00032234 | Category: Life Sciences
ASEAN catheters market size is expected to reach US$ 3,306.5 million by 2033 from US$ 1,333.9 million in 2024. The market is estimated to record a CAGR of 10.6% from 2025 to 2033.
The catheters market in ASEAN region is experiencing significant growth driven by rising prevalence of chronic diseases, growing adoption of minimally invasive procedures, and technological advancements. Moreover, the region is seeing robust growth driven by surging elderly population, incidence of non-communicable diseases (NCDs), and investment in healthcare infrastructure. The relative growth in the population over 60 is one of the most significant drivers. By 2050, the number of older adults (aged 60 and above) in Southeast Asia is projected to grow from around 77.4 million in 2020 to about 173.3 million (22% of the total population), which remains one of the fastest demographic transitions in the world. The demographic trend will indirectly lead to a growing demand for catheterizations associated with age-related health conditions (i.e. cardiovascular conditions, urinary disorders, and respiratory disorders). Easier access to healthcare infrastructure through a rise in medical tourism (e.g. Thailand) and appropriate government incentives are contributing to market growth. Thailand closely associates medical tourism with access to the advanced healthcare market and will have a particular demand for single-use, specialized catheters. The increase in investment in healthcare development and government-level support of infrastructure for healthcare modernization (e.g. through Thailand's Eastern Economic Corridor operationalisation) will also indirectly build demand for treatment. The growing adoption of minimally invasive procedures, especially driven by catheter technology, is collectively resulting in a positive trajectory towards the catheters market.
Key segments that contributed to the derivation of the Catheters market analysis are product, type, coating type, lumen, and end user.
The ASEAN catheters market is segmented into Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. The outlook for the ASEAN catheters market is very positive, as government initiatives and the private sector's investments in healthcare infrastructure are on the rise. As countries such as Indonesia, Vietnam, and the Philippines modernize their public and private hospitals, demand for high-quality medical devices including catheters will continue to grow. Patients are more informed of the treatment options available to them, and increasingly willing to pay for advanced, safer procedures has created demand for specialty catheters in cardiology and neurology. The future of the market will also involve a greater focus on local manufacturing, as countries want to cut dependence on imports, improve supply chain reliability, and lower the cost of medical devices. The future will also be the emergence of new types of technology including smart catheters that have sensor capabilities that could transform monitoring and management of patients.
Based on country, the ASEAN catheters market is segmented into Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. Indonesia held the largest share in 2024.
Indonesia and the Philippines are developed markets, there is a rapidly growing demand due to exploding population growth, improved access to healthcare, and escalating chronic disease prevalence. These markets present opportunities for manufacturers to establish new patient bases using a combination of basic catheters and specialized catheter products. Singapore, although it is a small market, acts as a center for advanced, high-value catheter procedures due to the perceived medical excellence and as a center for medical tourism. Thailand is a more significant medical tourism destination in Asia, is characterized by offering affordable surgical and interventional procedures of high standards for patients, resulting in high volumes of demand for catheters. Malaysia is an essential part of the market with competent private healthcare systems, and a focus on international accreditation, resulting in patients travelling from neighboring countries for catheters etc.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 1,333.9 Million |
| Market Size by 2033 | US$ 3,306.5 Million |
| CAGR (2025 - 2033) | 10.6% |
| Historical Data | 2022-2023 |
| Forecast period | 2025-2033 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | ASEAN
|
| Market leaders and key company profiles |
|
Medtronic Plc, Boston Scientific Corporation, Becton, Dickinson and Co., Teleflex Incorporated, B. Braun SE, Abbott Laboratories, Terumo Corporation, Coloplast Group, Cook Medical, and Hollister Incorporated, are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
The ASEAN Catheters Market is valued at US$ 1,333.9 Million in 2024, it is projected to reach US$ 3,306.5 Million by 2033.
As per our report ASEAN Catheters Market, the market size is valued at US$ 1,333.9 Million in 2024, projecting it to reach US$ 3,306.5 Million by 2033. This translates to a CAGR of approximately 10.6% during the forecast period.
The ASEAN Catheters Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the ASEAN Catheters Market report:
The ASEAN Catheters Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The ASEAN Catheters Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the ASEAN Catheters Market value chain can benefit from the information contained in a comprehensive market report.
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