Press release
Indwelling Catheters Market to touch US$ 13.5 Mn mark from 2022 to 2031
Indwelling Catheters Market 2022-2031
The Indwelling Catheters Market is expected to grow on a vigorous note shortly. Though telemedicine has turned out to be an easily accessible service, proper amalgamation with therapy decisions is of utmost importance. At-home lab tests are a good by-product of telehealth. Remote monitoring and diagnosis are cost-effective. It also saves on downtime. So, saving on time and investing in convenience would be one of the trends of the healthcare vertical in the years to come.
According to a recent study by Persistence Market Research, the global indwelling catheters market is anticipated to witness high growth at 6.4% CAGR and be valued at over US$ 13.5 Bn by 2031.
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Demand for indwelling catheters is surging with increasing geriatric population. With increasing age, the immune system becomes weak and people become more prone to illnesses and suffer from different diseases such as cancer and kidney diseases.
According to Population Reference Bureau data of 2019, Japan, Italy, Greece, Portugal, and Germany are the top five countries with 28.2%, 22.8%, 21.8%, 21.8%, and 21.4%, respectively, of population over 65 years of age.
With ever-increasing number of hospitals and surgeries, sales of indwelling catheters are also increasing in parallel. This is mainly because during or post-surgical procedures, there is the need to drain urine and keep the bladder empty.
Also, demand for indwelling catheter increased during the COVID-19 pandemic. This is primarily due to the increased number of patients admitted in hospitals seeking treatment for COVID-19 and its associated diseases. Thus, there was a positive impact of COVID-19 on the demand for indwelling catheters.
Key Players:
The report has profiled some of the important players prevalent in the global like - Becton, Dickinson and Company, Coloplast, ConvaTec, Inc., Cardinal Health Inc., and Teleflex Incorporated and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Indwelling Catheters Market.
Key Takeaways from Market Study
By product, peripheral intravenous catheters hold 66% market share in 2021.
By material, tetrafluorethylene-hexafluoropropylene (Teflon) accounts for 49.8% market share, because of its less frictional property which helps in easy insertion.
By packaging, single strip packs of indwelling catheters account for 62.2% of the market share in 2021.
By end user, hospitals account for 52.2% market share in due to rising number of patient's getting admitted to hospitals.
By region, North America held the largest market share of 47.9% due to the presence of key players in the region.
"Rising prevalence of urinary incontinence and increasing surgical procedures expected to drive demand for indwelling catheters over the decade," says a Persistence Market Research analyst.
Some of the main manufacturers of indwelling catheters are focusing on product launches, collaborations and acquisitions to enhance their market presence.
In November 2016, Coloplast acquired Comfort Medical, a U.S. distributor of catheters and ostomy supplies.
In March 2021, ConvaTec, Inc. acquired Cure Medical, a manufacturer of intermittent catheters.
In May 2019, Cardinal Health Inc. launched its RADIAL 360 portfolio, including RBL-TG™, RBL-JK™, and SUPER TORQUE® PLUS diagnostic catheters.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Indwelling Catheters Market Manufacturers
Indwelling Catheters Market Distributors/Traders/Wholesalers
Indwelling Catheters Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in the Indwelling Catheters Market Report
How is the Indwelling Catheters Market expected to grow over the projected period?
What direction is the Indwelling Catheters Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Indwelling Catheters Market in future?
What are the key market drivers in the Indwelling Catheters Market?
What are significant opportunities and improvement areas for Indwelling Catheters Market manufacturers?
What are the key developments and trends taking over the Indwelling Catheters Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Indwelling Catheters Market?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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