PUBLISHER: Allied Market Research | PRODUCT CODE: 1538918
PUBLISHER: Allied Market Research | PRODUCT CODE: 1538918
The indwelling catheters market was valued for $1.5 billion in 2023 and is estimated to reach $4 billion by 2035, exhibiting a CAGR of 8.8% from 2024 to 2035.
An indwelling catheter, also known as a Foley catheter, is a flexible tube that is inserted through the urethra into the bladder to drain urine. This type of catheter is designed to remain in place for a prolonged period, as opposed to intermittent catheters, which are inserted and removed after each use. The catheter is held in place by a balloon at its tip, which is inflated with sterile water once the catheter is in the bladder. Indwelling catheters are commonly used in medical settings for patients who have difficulty urinating on their own due to surgery, injury, or certain medical conditions.
The indwelling catheters market is primarily driven by increase in prevalence of chronic diseases, rise in technological advancements, and growing applications in diagnostic and therapeutic procedures. The increase in prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurological conditions drives the growth of the indwelling catheters market. These conditions often require long-term treatment and monitoring, which leads to a higher demand for indwelling catheters used in various diagnostic and therapeutic procedures. Indwelling catheters, with their ability to provide precise imaging and therapeutic options, are increasingly recognized as valuable tools in the fight against these diseases.
In addition, technological advancements in catheter design and materials are also a crucial factor propelling the market growth. Innovations such as antimicrobial coatings, which reduce the risk of catheter-associated urinary tract infections (CAUTIs), and the development of more comfortable and biocompatible materials, enhance the usability and safety of indwelling catheters. These advancements improve patient outcomes and comfort and encourage healthcare providers to adopt newer catheter technologies.
Furthermore, the increase in demand for minimally invasive procedures further drives the market growth. Indwelling catheters represent a less intrusive option for managing urinary conditions, which aligns with the broader trend in healthcare towards minimally invasive techniques. Patients and healthcare providers prefer these methods due to their associated benefits, such as reduced recovery times, lower risk of complications, and overall enhanced patient comfort, which supports the market growth.
However, the use of indwelling catheters can be associated with the chances of infections such as urinary tract infections (UTI) and other complications, such as bladder spasms, urethral injury, and encrustation, which lead to patient discomfort and additional healthcare costs, thereby hinders the market growth. Moreover, the growing healthcare infrastructure in emerging markets, particularly in regions such as Asia-Pacific, offers substantial potential for market expansion due to rise in healthcare investments and rise in awareness about urological health. Furthermore, the growing trend towards home healthcare as more patients prefer at-home medical care for its convenience and cost-effectiveness provides lucrative opportunity to the market growth.
The indwelling catheters market is segmented on the basis of product, coating type, material, application, and region. On the basis of product, the market is divided into 2-way catheters, 3-way catheters, and 4-way catheters. On the basis of coating type, the market is classified into hydrogel coating, silver alloy coating, silicone elastomer, and others. On the basis of material, the market is classified into latex and silicone. On the basis of application, the market is categorized into post-surgical care, critical care, urinary incontinence, and benign prostate hyperplasia. Region-wise, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA).
Major key players that operate in the global indwelling catheters market are B. Braun SE, Becton, Dickinson and Company, Cardinal Health, Medline industries, Inc., Teleflex Incorporated, Coloplast Group, Amsino International, Inc, Advin Health Care, Sterimed Group, and Angiplast Pvt Ltd. Key players operating in the market have adopted expansion as their key strategies to expand their product portfolio.
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