Indwelling Catheters Market Overview
Demand for best-in-class patient care is surging at an exponential pace, compelling healthcare providers to seek out latest technologies. This is further reiterated by the growth forecasts for the indwelling catheters market, which, according to Fact.MR, is likely to reach nearly US$ 2 Bn by the end of 2030, from its current valuation of US$ 1 Bn.
Rising demand for bridging the knowledge gap between evidence and practice is pushing healthcare professionals to educate themselves about advanced healthcare practices, so as to offer improved medical outcomes, especially to patients with bladder issues.
Besides surging prevalence of urinary incontinence, increasing number of surgeries conducted worldwide, rising incidence of kidney stones, urethra blockage, and benign prostatic hyperplasia (BPH), among others has made indwelling catheters imperative for certain treatment measures, which bodes well for the expansion of the global indwelling catheters market size over the coming years.
According to data published by the National Center for Biotechnology Information (NCBI), the incidence of BPH in men above 50 years of age varies from 20% to 62%, especially in countries such as the U.S., Ghana, and Japan. Thanks to recent advancements in indwelling catheters, such patients can now experience greater convenience and comfort, which is one of the chief factors driving the indwelling catheters market.
Studies suggest that, bladder problems are alarmingly high among patients in the U.S. It has also been found that, community caseloads are swelling at an unprecedented pace. This has, in turn, fuelled demand for indwelling catheters in hospital settings.
On the downside though, chances of complications such as tissue damage and catheter-associated urinary tract infections (CAUTIs) can make these healthcare products undesirable by patients and their caretakers.
Various companies operating within the indwelling catheters market, therefore, are taking steps and investing in campaigns to spread awareness about various catheter selection parameters to avoid the risk of complications in patients. Such efforts are likely to reflect positively on the global indwelling catheters market, enabling impressive growth over the course of the forecast period (2020 to 2030).
Indwelling Catheters Market Insights by Product
In terms of product, the indwelling catheters market can be segmented into 2-way, 3-way, and 4-way catheters. Of these, demand witnessed in the two-way segment is comparatively higher than the rest. The segment will continue exhibiting robust growth on account of their cost-efficiency in comparison to other products available in the market.
Over the coming years, demand for three-way indwelling catheters is forecast to showcase an impressive surge as well, due to their features such as bladder irrigation during surgeries or after, and an extra lumen for medicine installation.
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Indwelling Catheters Market Insights by Material
Latex and silicone are preferred choices of materials for manufacturing indwelling catheters. Of these, latex currently holds dominance; however, demand for silicone is expected to rise at a significant pace in the indwelling catheters market over the course of the forecast period.
Studies suggest that, indwelling catheters made from silicon have a longer shelf life, and are hence preferred for long-term catheterization. In contrast, latex indwelling catheters are flexible in nature and come at a lower cost. They are therefore preferred for short-term catheterization.
Indwelling Catheters Market Insights by Coating Type
In terms of coating type, the indwelling catheters market can be categorized into silver alloy coating, hydrogel coating, silicone-elastomer, and others. Of these, the hydrogel coating segment emerged dominant in 2019, and is expected to remain highly popular through the course of the forecast period.
Hydrogel-coated latex catheters are considered more durable than their silicone counterparts. The former prevents bacterial adherence of any sort, and also helps in reducing mucosal friction.
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Indwelling Catheters Market Insights by Application
On the basis of application, the indwelling catheters market can be bifurcated into long-term and short-term usage. Of these, the short-term usage segment is forecast to exhibit a higher rate of growth over the coming years. These catheters are often used for critically-injured patients and those admitted in ICUs. Therefore, surging number of hospital admissions is expected to augur well for this segment in the global indwelling catheters market.
Indwelling Catheters Market Insights by End User
Hospitals and long-term care facilities are the chief end users of indwelling catheters. Of these, hospitals account for a visibly large share in the indwelling catheters market. The segment is also expected to remain dominant through the course of the forecast period.
In a recently published study, the Journal of Family Medicine and Primary Care stated that, at any time, around 15% to 20% of hospitalized patients in the U.S. use indwelling catheters. This is indicative of the surging demand for the segment, which is expected to continue even over the coming period of time.
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Regional Outlook of Indwelling Catheters Market
Fact.MR has forecast North America to account for leading indwelling catheters market share. Increasing number of urological surgeries conducted in the U.S. has been fuelling demand for indwelling catheters in the region. According to the American Academy of Family Physicians (AAFP), over 250,000 surgeries for BPH are conducted every year in the U.S., which accounts for nearly 2 million office visits. This, in turn, is likely to boost sales of indwelling catheters in North America.
The indwelling catheters market in Europe too is expected to expand at an impressive pace. Presence of several leading companies will aid this expansion, which also is expected to be backed by the region’s sophisticated healthcare infrastructure. In Asia Pacific, rising demand from India and China is expected to support the growth of the market. Also, the presence of a large pool of geriatric patients will enable growth of the indwelling catheters market in the region.
Indwelling Catheters Market: Key Players
The global indwelling catheters market is fragmented in nature, and is characterized by the presence of several companies. Some of the leading players operating in the market are Teleflex Incorporated, Cardinal Health, Inc., Becton, Dickinson & Company, Amsino International, Inc., Medline Industries, Inc., Cook Medical LLC, Coloplast Corp., B. Braun Melsungen AG, SunMed LLC, Bactiguard, and Poiesis Medical LLC. Leading companies are engaged in research initiatives to offer innovations. This will help the growth of the global indwelling catheters market over the coming years.
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The Analyst’s Viewpoint
“Against the backdrop of the COVid-19 pandemic, urologists have been compelled to either hold back or halt their regular clinical practices, to offer COVID-19 patients the required assistance. Nonetheless, production of indwelling catheters is expected to continue. While the healthcare sector focusing on evidence-based clinical practices, demand witnessed in the market will continue to rise through the forecast period.”
COVID-19 Impact on Indwelling Catheters Market
Demand for various medical devices is surging for use in the management of COVID-19. Besides medical equipment and various supplies, the indwelling catheters market also is witnessing surging demand during the pandemic. The unprecedented spread of the pandemic has made people as well as the healthcare sector more wary about maintaining hygiene.
There is more care taken for timely replacing catheters in order to contain the spread of infections. Proper care also is taken for the welfare of patients, spurred by which, the indwelling catheters market is witnessing increasing demand.
Indwelling Catheters Market: About the Report
Fact.MR has published an exclusive forecast report on the indwelling catheters market for 2020 to 2030. The foremost objective of this report is to offer spearhead insights on the market scenario, demand generators, and technological advancements. Also, the study addresses key dynamics that are expected to diversify the sales and future prospects of indwelling catheters.
The report on the indwelling catheters market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the indwelling catheters market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key factors favoring investment within the market.
Supply chain analysis and pricing analysis of the market, along with the difference between indwelling catheters used as per application, have also been included in the report, to help readers clearly understand the product framework map in the indwelling catheters market.
Indwelling Catheters Market: Segmentation
Fact.MR has studied the indwelling catheters market with detailed segmentation on the basis of product, material, coating type, application, end user, and key regions.
- 2-way Catheters
- 3-way Catheters
- 4-way Catheters
- Hydrogel Coating
- Silver Alloy Coating
- Post-surgical Care
- Critical Care
- Urinary Incontinence
- Benign Prostate Hyperplasia
- Long-term Care Facilities
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Indwelling Catheters Market - Scope Of The Report
A recent study by Fact.MR on the indwelling catheters market offers a 10-year forecast for 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of the indwelling catheters market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of indwelling catheters. The study also provides the dynamics that are responsible for influencing the future status of the indwelling catheters market over the forecast period.
A detailed assessment of indwelling catheters value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the indwelling catheters market along with their product portfolios enhances the reliability of this comprehensive research study.
Indwelling Catheters Market: Report Summary
The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the indwelling catheters market across the globe.
A comprehensive estimate on the indwelling catheters market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of indwelling catheters during the forecast period. Price point comparison by region with global average price is also considered in the study.
Indwelling Catheters Market: Analysis on Market Size Evaluation
The indwelling catheters market has been analyzed for each market segment in terms of value (US$ Bn).
Market estimates at global and regional levels for indwelling catheters are available in terms of “US$ Bn” for value. A Y-o-Y growth contrast on prominent indwelling catheters market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global indwelling catheters market.
Indwelling Catheters Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the indwelling catheters market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the indwelling catheters market during the forecast period.
Country-specific valuation on demand for indwelling catheters has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
Indwelling Catheters Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of indwelling catheters, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of indwelling catheters has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
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