BRICS Catheters Market Outlook (2022-2033)

The BRICS catheters market size is expected to reach US$ 33,122.1 million by 2033 from US$ 14,237.1 million in 2024. The market is estimated to record a CAGR of 9.8% from 2025 to 2033.

Executive Summary and BRICS Catheters Market Analysis:

The catheters market in BRICS is experiencing significant growth driven by rising prevalence of chronic diseases, growing adoption of minimally invasive procedures, and technological advancements. The BRICS catheters market is growing rapidly, backed by their populous nations, the concurrent rise of the burden of non-communicable diseases (NCDs), increasing healthcare expenditure, and ongoing partnerships to reform healthcare infrastructure. The nations that constitute BRICS represent over 40% of the world population and a large portion of disease burden in the world. The high prevalence of NCDs including cardiovascular disease, diabetes, and cancer is the major driver for both diagnostic and intervention catheters in these countries. For example, more than 70% of all deaths in BRICS countries are from NCDs, with deaths of NCDs being the highest in Russia and China (86%). Neurological disorders are another growing area of concern, with a March 2024 report of Global Burden of Disease Study' showing China with the highest incidence and prevalence of neurological disease among BRICS countries. Healthcare expenditure is also improving across BRICS. Although the share from BRICS countries to global health expenditure is increasing, public health expenditure is still weak in some areas, it remains a challenge, with high out of pocket expenditure for citizens.

BRICS Catheters Market Strategic Insights

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BRICS Catheters Market Segmentation Analysis

Key segments that contributed to the derivation of the Catheters market analysis are product, type, coating type, lumen, and end user.

• By product, catheters market is segmented into cardiovascular catheters, intravenous catheters, urological catheters, specialty catheters, and neurovascular catheters. The cardiovascular catheters segment dominated the market in 2024. The dominance of cardiovascular catheters is primarily due to the high prevalence of sedentary lifestyles and unhealthy diets across the BRICS nations.
• By type, catheters market is segmented into Foley catheter, intermittent catheter, IVUS catheter, balloon catheter, and others. The balloon catheter segment dominated the market in 2024. Balloon catheters are a staple in BRICS's market due to the increasing preference for minimally invasive surgical procedures over traditional open-heart surgeries.
• By coating type, catheters market is segmented into coated catheters and uncoated catheters. The coated catheters segment dominated the market in 2024. The rise of coated catheters is driven by the urgent need to combat catheter-related bloodstream infections (CRBSIs) and other hospital-acquired infections (HAIs).
• By lumen, catheters market is segmented into single-lumen and multi-lumen. The multi-lumen segment dominated the market in 2024. Multi-lumen catheters dominate due to the increasing complexity of medical treatments and the growing number of critical care patients requiring multiple simultaneous infusions.
• By end user, the market is segmented into hospitals & clinics, home care settings, ambulatory surgical centers, diagnostic imaging centers, and others. The hospitals & clinics segment held the largest share of the market in 2024. The hospitals & clinics segment is the leading end-user because of rapid urbanization and the centralization of healthcare services in urban centers across BRICS.

BRICS Catheters Market Outlook

The BRICS catheters market will undergo rapid and significant growth due to the combination of an expanding economy and rapidly changing public health issues. As these countries continue to urbanize, they will face rising burdens on healthcare systems, driving demand for catheter-based treatments. The environment is also impacted by a positive push for healthcare self-sufficiency, exemplified by countries like China and India, which have begun to safer domestic manufacturing and research and development to lessen reliance on expensive imported goods. These developments will lead to increased local manufacturing of safe, effective, and low-cost catheters. Moreover, due to the rise of a new middle-class population with better access to health insurance willing to pay for advanced medical treatment, the catheters market will benefit. Finally, improved access to digital health and telemedicine in these countries will influence the 'functionality' of the market, particularly 'long-term catheter'.

BRICS Catheters Market Country Insights

Based on country, the BRICS catheters market is segmented into Brazil, Russia, India, China, South Africa, Egypt, Indonesia, United Arab Emirates, and Saudi Arabia. China held the largest share in 2024.

The BRICS catheters market has different national dynamics, each with different variations in what is driving the market forward. China is a large market, driven by large government spending and decisiveness for hospital infrastructure and market access for domestic markets, especially medical devices, to achieve self-sufficiency in medical device development. Accordingly, the emphasis on localization opened the door for catheter design and manufacture to innovate quickly. The market for India indicates high volume and price-sensitive markets, with demand for essential and specialized catheters by a very large and diverse patient population. With its strong base for pharmaceuticals and medical devices as manufacturers, India has the ability to manufacture cost-effective options for the domestic market and as an export market. Brazil's market is a combination of public and private healthcare systems and a growing movement focusing on regulatory chances that would drive domestic manufacturing, prompting many foreign companies to form partnerships with local manufacturers. Russia’s market is benefitting from the government focus on modernization of hospital infrastructure and with increased interest in high technology and AI-assisted diagnostics and robotic-assisted surgery, beginning to create a niche demand of high-end catheters.

BRICS Catheters Market Report Highlights

BRICS Catheters Market 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.

BRICS Catheters Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

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:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations
• Industry trade journals and other relevant publications
• Government documents, statistical databases, and market reports
• News articles, press releases, and webcasts specific to companies operating in the market

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.

• Primary Research

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:

• Refine findings from secondary research
• Enhance the expertise and market understanding of the analysis team
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects

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:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

BRICS Catheters Market Country and Regional Insights

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BRICS Catheters Key Sources Referred:

• World Health Organization (WHO)
• The World Bank Group
• World Heart Federation (WHF)
• Centers for Disease Control and Prevention
• Worldometer
• The Lancet
• International Trade Administration