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Global Indwelling Catheters Market was valued at USD 1.44 billion in 2021, growing at a CAGR of 8.78% during the forecast period from 2022 to 2027 to reach USD 2.38 billion by 2027. Factors such as the rising geriatric population, rising prevalence of kidney and bladder disorders, increasing number of surgical procedures being performed and technical innovation in product development such as manufacture of coated indwelling catheters with antimicrobial activity among other factors are expected to drive the indwelling catheters market.
An indwelling catheter is also known as a Foley catheter. The catheter is held in the bladder by a water-filled balloon that helps in keeping the catheter from falling out and helps in creating an outlet for passing of urine.
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Recent Developmental Activities in Indwelling Catheters Market:
Key Takeaways from the Indwelling Catheters Market Report Study
One of the key aspects driving the foley catheters market is the surging geriatric population. As per the data provide by the World Health Organization in their Decade of Healthy Ageing (2020–2030) Report, the number of people aged 60 years and older will be 34% higher, increasing from one billion in 2019 to 1.4 billion in 2030. By 2050, the global population of older people will have more than doubled to 2.1 billion. Ageing is considered to cause numerous problems in the elderly associated with urinary tract. For instance, the elderly population is highly susceptible to various kidney and bladder problems such as urinary incontinence, benign prostatic hyperplasia and other ailments. While being treated for such indications, foley catheters are a common way of creating a passage for micturition for such patients. For instance, as per the data provided by the Global Forum on Incontinence, in 2018, over 423 million people across the globe suffered from urinary incontinence. Therefore, the demand for foley catheters is said to witness an increase owing to the increasing geriatric population thereby driving the growth of the global foley catheters market during the forecast period.
COVID-19 Impact on the Indwelling Catheters Market
The indwelling catheters market witnessed a dip in the generated revenue owing to the implementation of measures to curb the spread of the COVID-19 infection. One of the major steps during the COVID surge was the suspension of numerous elective procedures and outpatient visits which reduced the demand for such catheters in the market as the healthcare system guidelines across the globe temporarily focused all their efforts on the management of COVID-19 infection patient load during the initial lockdown period. As the supply chains and product manufacturing activities were impacted across the globe, a decrease in product demand was observed in the indwelling catheters market. However, the market appears to be on the path to economic recovery with the restoration of global supply chains and resumption of activities in the healthcare facilities.
Indwelling Catheters Market Segment Analysis
Indwelling Catheters Market by Product Type (2-Way, 3-Way, and 4-Way), By Material (Silicone, Latex, and Poly Vinyl Chloride), by Tip Type (Straight and Coude/Tienmann), by Age Group (Adult and Pediatric), by End User (Hospitals, Specialty Clinics, and Others), by Geography (North America, Europe, Asia-Pacific, and Rest of the World).
In the tip type segment of the indwelling catheters market, the straight tip category is estimated to account for a significant revenue share in the forecast period. This was credited to the fact that straight tip indwelling catheters are inexpensive as well as cost effective compared to other products available in the market. Furthermore, owing to their simplistic design, people find these type of indwelling catheters easier to insert. Another added advantage of straight tip foley catheters is that they are suited to be accommodated for both the male and female anatomy.
Some of the key market players operating in the indwelling catheters market includes BD, Cardinal Health, ConvaTec Inc, Teleflex Incorporated, Coloplast, B. Braun Melsungen AG, Medtronic, Well Lead Medical Co., Ltd, Smiths Medical, BACTIGUARD AB, Shenzhen Prunus Medical Co.,Ltd., Optimum Medical Limited, Angiplast, Guangzhou Orcl Medical Co.,Ltd, Apollon Co., Ltd, The Flume Catheter Company, MEDADV Medical and others.
Find more related information of the report- Indwelling Catheters Market Share
1. Indwelling Catheters Market Report Introduction
2. Indwelling Catheters Market Executive Summary
4. Indwelling Catheters Market Key Factor Analysis
5. Indwelling Catheters Market Porter’s Five Forces Analysis
6. COVID-19 Impact Analysis on Indwelling Catheters Market
8. Indwelling Catheters Market Global Company Share Analysis – Key 3-5 Companies
9. Indwelling Catheters Market Company and Product Profiles
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