The market for indwelling catheters was valued at US$ 1 billion in 2021, and between 2021 and 2031, it is anticipated to rise at a strong CAGR of 7.2%, reaching US$ 2 billion. Urinary catheters known as indwelling catheters are placed via the urethra into the bladder and left there to drain urine. They are now a necessary piece of medical equipment used to treat a variety of urinary problems.
A major element driving up global sales of indwelling catheters is the rising prevalence of urological illnesses such as urine incontinence and benign prostatic hyperplasia (BPH) around the world. Similar to this, more urological procedures are being performed, and more urinary catheters are being used, especially for BPH patients, during prostate gland treatments. will continue to bolster market growth during the forecast period.
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In addition to this, rise in geriatric population, growing health awareness, and advancement in urinary catheters will create lucrative growth opportunities for indwelling catheter manufacturers over the next ten years.
Regionally, North America is expected to be the largest market for indwelling catheters, followed by Europe. Fact.MR, predicts North America to account for a share of 45% in the global indwelling catheters market during the forecast period.
The rise in the number of urological surgeries conducted in the U.S., the availability of advanced medical technologies, and the presence of favorable reimbursement policies are driving the North American market.
Key Takeaways:
- Based on the product, the 2-way catheters segment is expected to hold around 50% market share in the global market throughout the forecast period.
- Based on material, the latex-based indwelling catheters are likely to hold nearly 40% share of the market, owing to their properties, such as low price and flexibility.
- By coating type, the hydrogel coating indwelling catheters segment is likely to hold over 45% of market share during the assessment period.
- North America is anticipated to account for nearly half of the share in the indwelling catheters market during the assessment period.
- With a rising geriatric population and increasing prevalence of urinary disorders, Europe is likely to account for 35% of the share of the global market through 2031.
- Asia is expected to hold around 25% of the market share in the overall indwelling catheters market by the end of the forecast period.
Competitive Landscape:
Leading indwelling catheters manufacturers are focusing on new product launches and approvals to boost their position in the market. Besides this, they are adopting strategies such as new partnerships, mergers, acquisitions, and distribution agreements to expand their global footprint.
For instance,
- In August 2022, Teleflex Incorporated announced that the U.S. Food and Drug Administration (FDA) has cleared an expanded indication for its specialty catheters and coronary guidewires for use in crossing chronic total occlusion percutaneous coronary interventions (CTO PCI)
- In July 2021, Becton Dickinson & Company acquired Tepha, a Lexington, MA-based company that has developed GalaFlex, a bioresorbable scaffold for soft tissue support and to repair, elevate and reinforce deficiencies. The acquisition is aimed at driving innovation and growth for BD’s surgical mesh portfolio.
Key Companies Profiled by Fact.MR
- Bactiguard
- Poiesis Medical LLC
- Cook Medical LLC
- B Braun Melsungen AG
- Amsino International, Inc.
- Cardinal Health Inc.
- SunMed LLC
- Medline Industries, Inc.
- Teleflex Incorporated
- Cardinal Health Inc.
- Becton Dickinson & Company
- Medline Industries, Inc.
- Coloplast Corp.
Key Segments Covered
By Product:
- 2-way
- 3-way
- 4-way
By Material:
- Latex
- Silicone
By Coating Type:
- Hydrogel Coating
- Silver Alloy Coating
- Silicone-elastomer
- Other
By Application:
- Short-term Usage
- Post-surgical Care
- Critical Care
- Long-term Usage
- Urinary Incontinence
- Benign Prostate Hyperplasia
By End User:
- Hospitals
- Long-term Care Facilities
- Other End Users
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Key Points of the Indwelling Catheters Market
- Definition: Indwelling catheters, also known as Foley catheters, are medical devices used for bladder drainage. They consist of a flexible tube inserted into the bladder to drain urine and are secured in place by an inflated balloon at the catheter’s tip.
- Growing Aging Population: The market for indwelling catheters has been influenced by the increasing aging population, as older adults are more likely to require urinary catheterization due to various medical conditions and surgical procedures.
- Urinary Disorders and Conditions: The prevalence of urinary disorders such as urinary retention, urinary incontinence, and neurogenic bladder contribute to the demand for indwelling catheters.
- Hospital Settings: Indwelling catheters are commonly used in hospitals, nursing homes, and other healthcare facilities to manage bladder drainage for patients who are unable to urinate naturally.
- Types of Indwelling Catheters: The market offers various types of indwelling catheters, including silicone catheters, latex catheters, and hydrogel-coated catheters. Each type has its advantages and disadvantages, catering to different patient needs.
Key Questions Covered in the Indwelling Catheters Market Report
- What is the estimated market size of indwelling catheters in 2021?
- What will be the global growth rate of the indwelling catheter market until 2031?
- What market-specific variables are driving the indwelling catheter demand?
- Which region is predicted to lead the worldwide indwelling catheter market between 2021 and 2031?
- What is the expected market estimation of indwelling catheters during the forecast period?
- What factors are responsible for the market growth of indwelling catheters throughout the anticipated period?