Sensor Based Smart Catheters Market | Top Trends and Key Players Analysis Report 2031

Sensor Based Smart Catheters Market Outlook 2031

The global sensor based smart catheters market was valued at US$ 3.5 Bn in 2021

The global market is projected to grow at a CAGR of 8.0% from 2022 to 2031

The global sensor based smart catheters market is anticipated to reach more than US$ 7 Bn by 2031

Rise in Urologic Diseases and Technological Innovations in Urinary Catheters to Drive Global Market

 Rise in prevalence of urologic diseases, such as urine retention, bladder blockage, urinary incontinence, urinary tract infection (UTI), and bladder malignancies, is expected to fuel the demand for sensor based smart catheters. Therefore, companies are increasingly carrying out research on smart catheter flow sensors.

According to the National Healthcare Safety Network (NHSN), UTIs are the most common urological diseases and require the use of urinary catheters. According to data enumerated by the Centers for Disease Control and Prevention (CDC), 15% to 25% of hospitalized patients in the U.S. receive a urinary catheter each year.

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Increase in incidence of catheter-associated urinary tract infections has induced governments in industrialized economies to implement standards for nurses and other healthcare providers to use catheters efficiently and safely. Currently, operations carried out by the European Association of Urology Nurses (EAUN) in various countries are based on guidelines set forth by many governments in Europe. Most of the countries in the region support and pay for adequate catheterization and patient care within their own borders if these rules are followed.

Prominent market players are concentrating on the launch of innovative urinary catheters that are intended to improve patient safety. For example, Safe Medical Design, Inc. received FDA approval for its "Signal Catheters" in the U.S. in February 2019. Poiesis Medical bagged an Innovative Technology contract from Vizient, Inc. in March 2019 for its Duette Dual Balloon Indwelling Urinary Catheter.

Increase in Number of Surgical Procedures Propelling Demand for Sensor Based Smart Catheters

Demand for sensor based smart catheters is likely to increase in the near future due to the rise in number of surgical procedures owing to the surge in incidence of several chronic diseases and growth in number of ICU (Intensive Care Unit) admissions. An article published by the National Center for Biotechnology Information (NCBI) in 2020 stated that 310 million major surgeries are performed worldwide each year, with 40 million to 50 million in the U.S. and 20 million in Europe.

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Patients with chronic diseases typically have weakened immune systems and require hospitalization on a regular basis. These patients are at high risk of infection, as a catheter is used frequently to access blood vessels. Hence, antimicrobial catheters are being used to reduce catheter-associated infections and lower the rising cases of thrombosis. Sensor based smart catheters are the best choice in such cases, as these can sense and detect infections.

Accurate Diagnosis of Supraventricular and Ventricular Tachycardia Triggering Demand for Mapping Catheters

 In terms of product type, the mapping catheters segment is projected to dominate the market, accounting for 40% share by 2031. Electrophysiological mapping methods are increasingly being used to correctly diagnose a number of supraventricular and ventricular tachycardia across the world. This is driving the demand for mapping catheters.

Mapping the heart's electrical activity is an important part of diagnosing and treating a heart disease. Advanced therapies, such as ablation for arrhythmia treatment, necessitate detailed mapping. Mapping catheters are mostly used in cardiac mapping, which begins with percutaneously inserting a catheter into a heart chamber and measuring electrocardiograms (ECG) in order to match the ECG with cardiac anatomy. Advancements in 3D mapping technology allow for the creation of a three-dimensional model of a heart chamber as well as the precise location of the inserted catheter. This improves the resolution of cardiac activity maps and aids in proper diagnosis of abnormal conditions such as arrhythmia.

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Cardiac Mapping and Evaluation of Vascular Lesions Augmenting Innovation in Single Lumen Catheters

 Based on catheter type, the single lumen segment accounted for a relatively large share of around 50% of the global market in 2021. The segment is likely to be driven by an increase in demand for cardiac mapping and evaluation of vascular lesions of the brain, head & neck, and spine via sensor based catheters. Such trends are boosting the demand for smart catheter system for minimally invasive brain monitoring. Majority of catheters used for mapping ablation and imaging of vascular diseases are single lumen.

Lumens are internal areas in pipes that transit liquids, gases, as well as surgical devices. A single lumen catheter is one that has a single hole through the center of it. Single lumen catheters are the most common type of IV, urological, and drainage catheters. The usage of advanced vascular catheters for complex interventional procedures is becoming more popular among medical professionals and hospitals.

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Reduced Injuries and Significantly Less Discomfort of Urinary Mucosa Driving Demand for Silicon Materials

Based on material type, the silicon segment accounted for significant share of around 60% of the global market in 2021. Silicone is quickly becoming the material of choice, as critics claim that production, use, and disposal of PVC materials produces toxic chemicals.

Recent developments in the sensor-based smart catheters market include innovations in products with the help of silicone. Silicone is completely free of rubber, and is a better option for those allergic to rubber. Moreover, silicone catheters lead to reduced injuries and significantly less discomfort of the urinary mucosa. Silicone catheters are recommended for patients who require long-term indwelling urinary catheters. Introduction of silicon catheters by various companies is likely to augment the segment.

High Prevalence of Urology Conditions to Bolster Sensor Based Smart Catheters Market

Future market demand for sensor-based smart catheters lies in products used to treat urology conditions. Based on application, the urology segment accounted for major share of nearly 40% of the global market in 2021. The burden of urinary retention rises as the population ages. According to the Global Forum on Incontinence, around 400 million people are affected by incontinence every year. Thus, rise in urinary diseases is expected to drive the demand for sensor based smart catheters.

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Growth in prevalence of catheter-associated urinary tract infections has prompted governments in developed countries to create guidelines for nurses and other healthcare specialists to use catheterization in an efficient and safe manner. Therefore, increase in cases of urological diseases and availability of highly skilled healthcare and medical professionals are propelling the sensor based smart catheters market.

Regional Outlook of Global Sensor Based Smart Catheters Market

North America dominated the global sensor based smart catheters market in 2021. The market in the region is anticipated to grow at a CAGR of 7.8% from 2022 to 2031. Diversification of the market in North America is attributed to the rise in prevalence of urinary disorders such as nephrosis and increase in the number of skilled surgeons.

According to the Centers for Disease Control and Prevention (CDC), one in every seven adults in the U.S suffers from chronic nephrosis, which is estimated to affect over 37 million people. According to the NCBI, more than 1,000,000 cardiac catheterization procedures are performed in the U.S. every year. Furthermore, the presence of key players in the region increases the demand and rate of adoption of sensor based smart catheters. This anticipated to drive the demand for catheterization procedures.

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The market in Asia Pacific is likely to advance at a high CAGR during the forecast period due to improvement in healthcare infrastructure and increase in geriatric population in the region. Presence of a large patient pool suffering from kidney & cardiovascular disorders and improved medical facilities is augmenting the market in the region. Favorable government policies, product launches, approvals, and innovations in the field are also expected to drive the market in Asia Pacific in the near future.

Analysis of Key Players in Sensor Based Smart Catheters Market

 Various research and clinical trial activities are underway for the development of smart catheters. For instance, in 2021, Imperial College London developed a wireless biosensor for continuous monitoring of catheter-urine biochemistry. Furthermore, med-tech companies are diversifying their focus in smart optical catheters and fiber optic sensors for smart catheters to broaden their product portfolio. These catheters play an instrumental role in epidurals.

Leading players operating in the sensor based smart catheters market include Abbott Laboratories, ICU Medical, Inc., Johnson & Johnson Services, Inc., Medtronic plc, Teleflex Incorporated, Becton, Dickinson and Company, Biometrix, B. Braun Melsungen AG, and AD Instruments.

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