PUBLISHER: SkyQuest | PRODUCT CODE: 1452804
PUBLISHER: SkyQuest | PRODUCT CODE: 1452804
Global Indwelling Catheters Market size was valued at USD 1.51 billion in 2022 and is poised to grow from USD 1.63 billion in 2023 to USD 3.02 billion by 2031, growing at a CAGR of 8% in the forecast period (2024- 2031).
The growing number of diseases worldwide, like problems with the brain and kidneys, infections in the urinary tract, diabetes, and issues with the urinary system, will have a big impact on the demand for indwelling catheters. This will be a major reason why the market for these catheters will grow in the future. Also, more and more doctors are using less invasive procedures, which is helping the market grow. But, there are some things that could slow down the market's growth, like infections that happen because of catheters and a lot of competition in local markets. Companies in the market are always working on making their products better, like using better materials and coatings on the catheters. This focus on making things better is expected to create new chances for the market to grow. But there are also some problems, like how catheters can sometimes hurt the urethra and tissues, which could stop the market from growing. Also, there's a higher risk of infections in the urinary tract because of catheters, accidentally taking the catheter out, and getting hurt inside because of the catheter, which could all make it hard for the market to grow.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Indwelling Catheters Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Indwelling Catheters Market Segmental Analysis
The global indwelling catheters market is segmented on the basis of product, material, coating, application, region. By product, the market is segmented 2-way catheters, 3-way catheters, 4-way catheters. By material, the market is segmented into latex, silicone. By coating type, the market is segmented into hydrogel coating, silver alloy coating, silicone-elastomer, others. By application, the market is segmented into post-surgical care, critical care, urinary incontinence, benign prostate hyperplasia. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Drivers of the Global Indwelling Catheters Market
More and more people are experiencing urological problems like trouble emptying their bladder, bladder cancer, and a swollen prostate gland, which is causing the need for indwelling catheters to go up as a necessary medical treatment.
Restraints in the Global Indwelling Catheters Market
Problems with how much money healthcare providers get back for using indwelling catheters and pressure to keep prices low, especially in places where healthcare is advanced, can slow down the growth of the market.
Market Trends of the Global Indwelling Catheters Market
New materials for catheters, like silicone, and special coatings that make them slippery and include things that kill germs, are making it harder for infections to happen and making patients more comfortable.