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Indwelling Catheters Market Trends

Report ID: GMI9291
Published Date: Apr 2024
Report Format: PDF

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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.

Recent innovations include the development of antimicrobial catheter coatings, which help to reduce the risk of urinary tract infections (UTIs) associated with long-term catheter use.
Additionally, advances in catheter materials have led to the introduction of softer, more flexible catheters that enhance patient comfort and reduce the risk of tissue damage during insertion and removal.
Furthermore, the integration of digital health technologies such as Bluetooth-enabled catheters allows for real-time monitoring of catheter usage and urinary output, improving patient care and management.
Finally, favorable reimbursement policies and government initiatives supporting indwelling catheters are expected to drive the market growth. These policies ensure adequate coverage for catheter-related procedures, leading to increased investment in advanced catheter technologies by industry players.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Indwelling catheters market size was USD 1.9 billion in 2023 and is expected to register 4% CAGR from 2024-2032 owing to the increasing incidence of prostate cancer coupled with the rising prevalence of urinary incontinence worldwide.

Indwelling catheters industry from the transurethral catheters segment reached USD 1.5 billion in 2023 due to less invasive compared to the surgical placement required for suprapubic catheters and therefore, being more preferable among patients.

North America indwelling catheters industry recorded USD 768 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of a well-developed healthcare infrastructure, including hospitals, clinics, and ambulatory surgical centers in the region.

BACTIGUARD AB, Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health, Coloplast Ltd., ConvaTec Inc., Cook Medical, J and M Urinary Catheters LLC, Medline Industries, and Teleflex Inc., are some of the major indwelling catheters companies worldwide.