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Indwelling Catheters Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Oct 2020 | 36 Views
 
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Indwelling catheters which are sometimes known as Foley catheters are the closed sterile system. The system also includes with the combination of the catheter itself which is placed inside the body, an occlusion balloon which can be inserted suprapubically or even through the urethra for bladder drainage. 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.

 

Indwelling-Catheters

Market scope and structure analysis:

  Report Metric

                                                  Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units 

  Value (USD)

  Segments covered

  Product, Indication, End User, and Region

  Geographies covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include SunMed, Cook Medical, Medline Industries, Bactiguard AB, Becton, Dickinson and Company, Cardinal Health Inc., Coloplast Corp., and Teleflex Incorporated.

 

COVID-19 scenario analysis: 

The demand for the medical devices which can be used for the management of the COVID-19 is increasing significantly. Respiratory support devices are majorly used such as oxygen generator, atomizer, life-support machine, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With advent in number of COVID-19 cases worldwide, the need for medical supplies keeps on growing among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this upsurge in demand of medical supplies to safeguard adequate and continuous supply of personal protective equipment in the market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factor that is anticipated to affect the Indwelling Catheters market includes, increase in the demand for the minimally invasive surgeries. The rise in the number of patients experiencing urinary bladder related diseases is expected to boost the indwelling catheters market in the coming years. In addition, hike in the incidences of urinary diseases in the geriatric population which is booming would help the market flourish in the near future. The steep rise in the global healthcare expenditure combined with the increase of the concern for better quality of life is expected to help the market grow at a higher pace. The growth in the R&D of the materials used as indwelling catheters may help the indwelling catheters market grow in the coming years. However, the presence of the alternatives such as vaginal slings, and urethral plugs are expected to hinder the growth of the industry during the forecast period.

The global Indwelling Catheters market trends are as follows:

New product launches to flourish the market

The key leaders are focusing over the novel products to get developed which are able to combat with the need of the hour. The growing R&D over the indwelling catheters would help the market grow in the
coming years. The advantage posed by the indwelling catheter would help in the assistance post-surgery of the urinary tract, or even the surgeries of the genital. The growth in the infections caused due to the conventional Indwelling Catheters raised the concern over the use of the product and hence lead the researches to focus upon the material and avoid the incidence of the infection in the patient’s body.
For instance, in April 2020, Bactiguard launched a catheter for the patients who are in need of continuous temperature monitoring, by attaching a temperature sensor with the catheter. The product is called as BIP Foley TempSensor which is said to assist in reducing the incidence of infection and is built in with an extra channel for the sample to go to a Temperature Sensor and hence the continuous monitoring of the Temperature can be carried out during its term of use. The advancement in silicone-coated catheter has posed to the reduction in the infections caused due to the catheters by helping minimize the chemical reactions when inserted inside the body.

Increase in incidences of the urinary bladder related diseases 

The rise in the incidences of urinary bladder related diseases would help the market grow in the coming years. The hike in the number of individuals experiencing the prevalence of the diseases such as urinary incontinence, hematuria, dementia, urinary retention and other problems where the muscles from the urinary bladder get disturbed would propel the market in the near future. According to the Urology Care Foundation, the population in the U.S. is experiencing increase in the incidence of Urinary Incontinence. The estimates suggest that about 1 out of every 2 women and 1 out of 4 men are suffering from incontinence symptoms across America. The hike in the population of the patients is anticipated to boost the indwelling catheters market in the near future.

Key segments covered:

                     Segments

                                        Sub-segments

  Product

  • Two-Way catheters
  • Three-Way catheters
  • Four-Way Catheters

  Indication

  • Benign Prostate Hyperplasia
  • Post-Surgical Care
  • Urinary Incontinence
  • Others

  End User

  • Hospitals and Clinics
  • Critical Care Units
  • Home Care
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global indwelling catheters industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global indwelling catheters market share.
  • The current indwelling catheters market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global indwelling catheters market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Indwelling Catheters Market research report:

  • Who are the leading market players active in the indwelling catheters market?
  • What are the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the indwelling catheters market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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