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Indwelling Catheters Market Is Expected To Grow During The Forecast Period (2021-2026), DelveInsight | Major Companies- Cardinal Health, ConvaTec Inc, Teleflex Incorporated, and Several Others
Indwelling Catheters Market
The global indwelling catheters market was valued at USD 1.32 billion in 2020, growing at a CAGR of 6.87% during the forecast period from 2021 to 2026 to reach USD 1.96 billion by 2026. Factors such as the rising geriatric population, rising prevalence of kidney and bladder disorders, an increasing number of surgical procedures being performed, and technical innovation in product development such as the manufacture of coated indwelling catheters with antimicrobial activity among other factors are expected to drive the indwelling catheters market.
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Indwelling Catheters: An Overview
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 the passing of urine.
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Key Takeaways from the Indwelling Catheters Market Report Study
Market analysis for current indwelling catheters market size (2020), and market forecast for 5 years (2021-2026)
The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the indwelling catheter market.
Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years
Key companies dominating the global indwelling catheters market.
Various opportunities are available for the other competitor in the indwelling catheters market space.
What are the top-performing segments in 2020? How these segments will perform in 2026.
Which are the top-performing regions and countries in the current indwelling catheter market scenario?
Which are the regions and countries where companies should have concentrated on opportunities for indwelling catheter market growth in the coming future?
Recent Developmental Activities in Indwelling Catheters Market:
In December 2020, Apollon Co., Ltd received product approval from the US FDA for their two-way and three-way disposable silicone foley catheters which are classified as a Class II medical devices.
In April 2020, Pathway, LLC received the 510k product approval from the US FDA for their HYDROPHILIX 100% Silicone 2-Way Foley Catheter.
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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.
Indwelling Catheters Market Dynamics
One of the key aspects driving the foley catheters market is the surging geriatric population. As per the data provided 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 the 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 (2021-2026).
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Indwelling Catheters Market Segmentation
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 is expected to grow at a steady CAGR forecast till 2026 owing to increasing prevalence of bladder disorders and surging number of surgical procedures.
Indwelling Catheters Market Companies
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 several others.
Table of content
1. Report Introduction
2. Executive Summary
3. Regulatory and Patent Analysis
4. Key Factor Analysis
5. Porter's Five Forces Analysis
6. COVID-19 Impact Analysis
7. Layout
8. Global Company Share Analysis - Key 3-5 Companies
9. Indwelling Catheters Market Company and Product Profiles
10. KOL Views
11. Project Approach
12. About DelveInsight
13. Disclaimer & Contact Us
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About Us
DelveInsight is a leading Life Science market research and business consulting company recognized for its off-the-shelf syndicated market research reports and customized solutions to firms in the healthcare sector.
Contact Us
Yash
info@delveinsight.com
https://www.delveinsight.com
428, D21 Corporate Park, Sector-21, Dwarka, New Delhi-110077, India
DelveInsight is a leading Life Science market research and business consulting company recognized for its off-the-shelf syndicated market research reports as well as customized solutions to firms in the healthcare sector.
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