Indwelling Catheters Market - By Type (Transurethral Catheters, Suprapubic Catheters), Product (2-Way Catheters, 3-Way Catheters, 4-Way Catheters), Material (Latex, Silicone, PVC), Application, End-use (Hospitals & Clinics, ASCs) & Forecast, 2024 - 2032
Report ID: GMI9291
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Published Date: April 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 12
Tables & Figures: 221
Countries covered: 23
Pages: 120
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Indwelling Catheters Market
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Indwelling Catheters Market Size
Indwelling Catheters Market size was valued at around USD 1.9 billion in 2023 and is estimated to grow at 4% CAGR from 2024 to 2032. The increasing incidence of prostate cancer coupled with the rising prevalence of urinary incontinence, are significant factors fueling the demand for the indwelling catheters in the market. Prostate cancer is one of the most common cancers among men worldwide, leading to urinary retention and the need for catheterization.
Additionally, urinary incontinence, a common consequence of prostate cancer treatment and aging, necessitates the use of indwelling catheters for managing urinary drainage. For instance, according to recent data from the American Cancer Society, prostate cancer is the second most common cancer among men in the U.S., with an estimated 249,000 new cases diagnosed in 2021. Hence, these statistics underscore the significant impact of prostate cancer and urinary incontinence on the demand for indwelling catheters.
Indwelling catheters are medical devices used to drain urine from the bladder when a person is unable to do so naturally. These catheters are typically inserted through the urethra into the bladder and have an inflatable balloon at the tip to hold them in place. Indwelling catheters are commonly used for patients suffering from medical conditions such as urinary retention, surgery, or neurological disorders.
Indwelling Catheters Market Trends
Technological advancements in indwelling catheters, such as the development of antimicrobial catheter coatings, material advancements, and the integration of digital health technologies, have significantly contributed to their greater adoption rate and market growth. These advancements have gained the attention of manufacturers and health professionals, resulting in a favourable reimbursement scenario globally.
Indwelling Catheters Market Analysis
Based on type, the market is categorized into transuretheral catheters and suprapubic catheters. The transurethral catheters segment leads the market, generating approximately USD 1.5 billion in revenue in 2023.
Based on product, the indwelling catheters market is categorized into 2-way catheters, 3-way catheters, and 4-way catheters. The 2-way catheters segment dominated the market, with the revenue of around USD 1.2 billion in 2023.
Based on material, the indwelling catheters market is categorized into latex, silicone, PVC, and other materials. The silicone segment held leading revenue share in 2023 and is anticipated to reach around USD 1.4 billion by 2032.
Based on application, the indwelling catheters market is categorized into urinary retention, urinary incontinence, post-surgery, and other applications. The urinary retention segment held leading revenue share of over 45% in 2023 and is predicted to witness significant growth during forecast period.
Based on end-use, the indwelling catheters market is categorized into hospitals and clinics, ambulatory surgical centers, home care, and other end-users. The hospitals and clinics segment held the dominant position in the market and is anticipated to reach around USD 1.4 billion in 2032.
North America indwelling catheters market accounted for USD 768 million in revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
U.S. indwelling catheters market holds a dominant position with the market share of over 93% in 2023.
UK indwelling catheters market is anticipated to witness notable growth during 2024-2032.
China may experience a high growth potential in the indwelling catheters market.
Indwelling Catheters Market Share
The indwelling catheters industry is competitive in nature, with numerous large multinationals and smaller companies competing in the market. Key market strategies for manufacturers in this sector include the continuous development and introduction of novel catheters that offer enhanced efficiency, patient comfort, and cost-effectiveness. This focus on innovation is driving the industry's competitiveness and ongoing advancements, ensuring that catheter products remain at the forefront of medical technology. By introducing new materials, coatings, and designs, manufacturers strive to improve their market presence and meet the rising demand for advanced indwelling catheters, ultimately improving patient outcomes and quality of life.
Indwelling Catheters Companies
Some of the eminent market participants operating in the indwelling catheters industry include:
Indwelling Catheters Industry News:
Indwelling catheters market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in (USD Million) and volume (Units) from 2021 to 2032 for the following segments:
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Market, By Type
By Product
By Material
By Application
By End-use
The above information is provided for the following regions and countries: