Indwelling Catheters Market Overview:
The global indwelling catheters market size accounted for $1,210.56 million in 2019, and is expected to reach $2,323.56 million by 2027, registering a CAGR of 9.1% from 2020 to 2027.
Indwelling catheters, also known as foley catheters, are flexible tubes that are passed through the urethra and bladder to facilitate easy drainage of urine. They are considered essential in the urology sector, aiding patients with bladder dysfunctions to drain urine into urine bags, and reducing urology-related complications. Foley catheters are predominantly used when an individual has difficulties associated with the release of urine such as urinary incontinence, urinary retention, or when a patient has undergone surgery related to prostate or genitals. The other devices which are connected externally have their role as collective such as bag and drainage tubing and are directly connected with the catheter. It also has a catheter valve for emptying of the bladder. The indwelling catheters can be placed for short duration of time or even longer period as per the requirement and also according to the condition patient is experiencing. The conditions in which the indwelling catheters are used include dementia, intractable urinary incontinence, and inability of the bladder to retain urine and other conditions where the muscles of the urinary bladder get affected
Due to the COVID-19 pandemic, majority of healthcare, pharmaceutical and biotechnology organizations have concentrated on diagnostics kits, safety wearables and treatment vaccines and medication against Novel coronavirus. Most of the leading companies are focusing on finding a breakthrough vaccine against Novel coronavirus. In addition, the medical professionals are engaged in providing COVID-19 related services. As a result, other healthcare segments have to face negligence. Moreover, pharmaceutical companies are prioritizing research and development of COVID-19 related diagnostics, treatments, health technologies and vaccines, as well as looking at the potential of existing treatments. All these factors are anticipated to impact the global indwelling catheters market as well in the future.
Moreover, several medical conditions such as spinal cord injuries, dementia, and multiple sclerosis, among others are prone to cause urinary disorders as a side-effect of medication and other complications. In case the severity of such disorders is beyond the control of medication, healthcare providers advise the use of foley catheters with the period of usage ranging from days to weeks, based on the severity.
The high prevalence of urinary disorders is the primary factor driving the demand for indwelling catheters. Numerous studies have found that the prevalence of urinary incontinence ranges between 25-45% and it can rise to 50% in the middle-aged and older population. As the incidence of urinary diseases continues to rise in direct proportion with the growing geriatric population, the need for indwelling catheters will prevail high for the years to come.
Significant increase in prevalence of chronic diseases such as urological disease, diseases associated with urinary bladder, kidney failures, and others are the major factors that drive the global indwelling catheters market. In addition, surge in demand for minimal invasive surgeries among patients further fuels the indwelling catheters market growth. In addition, increase in incontinence problems owing to rise in geriatric population base across the globe, and increase in demand for sterile & disposable catheters contribute to the market growth. However, inadequate quality assurance and price competition at domestic levels are expected to hamper this growth. In addition, risk of infections due to the use of catheters has also turned up as a major restraining factor for the catheters market. On the contrary, increase in reimbursement levels and advancements in catheter technology is anticipated to create lucrative opportunities for the indwelling catheters market in the near future.
2-way Catheters is projected as one of the most lucrative segment.
Indwelling Catheters Market Segmentation
The market is segmented on the basis of product, material, coating type, application and region. On the basis product, it is categorized into 2-way catheters, 3-way catheters and 4-way Catheters. By material, the market is categorized into latex, and silicone. By coating type, the market is categorized into hydrogel coating, silver alloy coating, silicone-elastomer and others. By application, it is segmented into post-surgical care, critical care, urinary incontinence, and benign prostate hyperplasia. On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Italy, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The global vaccine market is segmented into product, material, coating type, application and region. On the basis of product, the 2-way catheters are highly favored on the back of minimal mechanical complications during their placement in the bladder. On the other hand, 3-way catheters are expected to gain remarkable traction and rise in value at a higher CAGR, as they facilitate continuous bladder irrigation. In addition, by material, the Latex-based catheters gain an edge over their counterpart, on the back of their coatings of hydrogen silicon, silicone elastomer, and PTFE Teflon material. These materials aid in lowering urethral irritation, encrustations, lower surface friction, and improve the overall comfort of the patient.
Benign Prostate Hyperplasia is projected as one of the most lucrative segment.
Snapshot of Asia-Pacific indwelling catheters market
Asia-Pacific presents lucrative opportunities for the key players operating in the indwelling catheters market, owing to high prevalence of hospital-acquired infections, rising awareness among patients and medical professionals, and increased spending on medical hygiene are also anticipated to give a major boost to the market in economies such as China, India, and Japan, among others. Moreover, the market growth in this region is attributable to rise in demand for indwelling catheters due to the rise in geriatric population, high awareness, and continuous funding from government to develop indwelling catheters. Some of the other factors such as Asia-Pacific are densely populated, with India and China being the most populated countries. Thus, due to the presence of huge population, the increase in infectious disease cases is expected to drive the growth of the indwelling catheters market in Asia-Pacific.
The key players operating in the global indwelling catheters market include Amsino International, Inc, Bactiguard, B. Braun Melsungen AG, Becton, Dickinson and Company, Cardinal Health Inc., Teleflex Incorporated, Coloplast, Medline Industries, Inc., Cook Medical, Inc., Sunmed, Llc.
Asia Pacific region would exhibit the highest CAGR of 10.9% during 2020-2027.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the vaccine market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers indwelling catheters market analysis from 2020 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of all the geographical regions is provided to determine the prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook and the global indwelling catheters market growth.
Indwelling Catheters Market Report Highlights
By Coating Type
Key Market Players
COLOPLAST A/S, BECTON, DICKINSON AND COMPANY, AMSINO INTERNATIONAL, INC, BACTIGUARD AB, BRAUN MELSUNGEN AG, CARDINAL HEALTH INC., TELEFLEX INCORPORATED, SUNMED, LLC, COOK MEDICAL, INC., MEDLINE INDUSTRIES, INC.
According to the CXOs, the rise in the demand for minimally invasive surgeries for the diagnosis and treatment of nephrological, urological and other diseases drive the growth of the indwelling catheters market. Limited availability of plasma donors hinders the market growth. Further, catheter-based surgeries are minimally invasive and require shorter recovery times. Surgeries done with the help of catheters are less invasive and leads to faster recovery.
Indwelling catheters help visualize and examine inaccessible parts of the body, further increasing the quality of treatment. The key players in indwelling catheters market launch products with higher flexibility, ease of use, and are made of materials resistant to growth of infectious organisms. Furthermore, the rise in prevalence of urinary incontinence, kidney stone, urethra blockage and UTIs has increased the use of indwelling catheters. Due to the rise in number of people suffering from catheter-based infection, the key players have increased their investment for R&D of indwelling catheters that help reduce the risk of catheter-associated infections. In addition, the increase in reimbursement rates for indwelling catheters increase the use of catheters for various therapeutic and diagnostic purposes Europe. Furthermore, indwelling catheters manufacturers and distributors have focused on expanding their presence in the emerging economies to strengthen their foothold in the market.