Market Overview

The catheter & tube and IVR products refer to single-use medical devices for diagnosis or medical treatment used at hospitals, clinics, and clinical laboratories. Even though the revision of medical payment system in recent years has had negative impact on the quite a few of them, as a whole market, i.e., the medical devices market including catheter & tube and IVR products, it has been leveling off or growing marginally.

In FY2022, the market saw a recovery from the influence of COVID-19 outbreak. Although some products are still affected by the decrease of outpatients/inpatients, most categories are returning to the pre-pandemic level. Meanwhile, rising costs and supply shortages stemming from the weak yen, soaring prices of raw material and transportation costs, production delays, and late deliveries have been worsening.
The catheter & tube and IVR products market for FY2022 is projected to grow by 1.4% on year-on-year basis to reach 393,178 million yen, and to 400,599 million yen by FY2023 (up by 1.9% YoY), based on the shipment value of domestic manufacturers and sole distributors of imported products (manufacturers and manufacturing retailers).

Noteworthy Topics

Market of Catheters and Other Related Products Used in Ablation

The number of ablation treatment (Percutaneous transluminal septal myocardial ablation) cases for arrhythmia has been on a rise, with 76,141 atrial fibrillation (AF) cases among the total of 104,917 treatment cases performed in FY2022. The number of ablation treatment cases is increasing especially for patients of non-congenital arrhythmia and paroxysmal atrial fibrillation.
Along with the increase of shipment volume of ablation catheter, the demand for electrode-catheter and distal-end-movable sheath introducer sets have also shown expansion trends. The market size is projected to grow to 100,767 million yen for FY2022 (up 7.8% on year-on-year basis) and 104,012 million yen for FY2023.

Future Outlook

Due to the rising demand for non-invasive procedure as an alternative to a surgical procedure, the average annual growth rate of the catheter & tube and IVR products market maintained a growth rate little under 10% up to around FY2000. Since then, however, although certain product categories benefitted from the fast-aging society, others experienced change/integration of reimbursement price categories during the revision of reimbursement prices, with some major products that went through a double-digit decline in product prices. As a result, the growth has been polarized by product group, while as a whole, the market growth has stayed minimal or negative.

Growth rates of most products, except for high-value-added diagnostic catheters and ablation-related products, are projected to stay at a maximum of around 2% hereafter. The market size of catheter & tube and IVR products is forecasted to reach 401,439 million yen by FY2027 (up by 2.1% from FY2022, 0.2% from FY2023 projected value).

Research Outline