About Indwelling Catheters
Indwelling catheters, also known as Foley catheters, are flexible tubes that pass through the urethra and bladder to allow easy drainage of urine. They are considered essential in the urological field as they help patients with bladder dysfunction to drain urine into urine bags and reduce urology-related complications. Foley catheters are primarily used when a person has difficulty releasing urine, such as when urinating the urinary incontinence, urinary retention, or when a patient has had surgery related to the prostate or genitals. The other devices that are connected externally have their collective roles such as the bag and drainage tube and are directly connected to the catheter. It also has a catheter valve for emptying the bladder. The indwelling catheters can be placed for a short time or even for a longer period, depending on the requirements and the patient's condition. The conditions in which the indwelling catheters are used include dementia, persistent urinary incontinence and the inability of the bladder to retain urine, and other conditions in which the muscles of the urinary bladder are affected.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.0% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Indwelling Catheters market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cardinal Health, Inc. (United States), B. Braun Melsungen AG (Germany), Becton, Dickinson & Company (United States), Coloplast Corp. (Denmark), NanoVibronix (United States), Teleflex Incorporated (United States), Bactiguard Holding (Sweden), Cook Medical LLC (United States), Medline Industries, Inc. (United States) and SunMed (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Amsino International, Inc. (United States) and Poiesis Medical LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Indwelling Catheters market by Type (2-way Catheters, 3-way Catheters and 4-way Catheters), Application (Post-surgical Care, Critical Care, Urinary Incontinence and Benign Prostate Hyperplasia) and Region.
On the basis of geography, the market of Indwelling Catheters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Coating Type, the sub-segment i.e. Hydrogel Coating will boost the Indwelling Catheters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. Male will boost the Indwelling Catheters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Latex will boost the Indwelling Catheters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Demand for Sterile & Disposable Catheters, High Prevalence of Hospital-Acquired Infections and Rising Awareness among Patients and Medical Professionals
Market Growth Drivers:
The High Prevalence of Urinary Disorders, Significant Increase in Prevalence of Chronic Diseases, A Surge in Demand for Minimal Invasive Surgeries among Patients and Increase in Incontinence Problems Owing To Rising Geriatric Population Base across the Globe
Challenges:
Risk of Infections Due To the Use of Catheters
Restraints:
Inadequate Quality Assurance and Price Competition
Opportunities:
Increased Spending On Medical Hygiene, Increase in Reimbursement Levels and Growing Advancements in Catheter Technology
Market Leaders and their expansionary development strategies
In December 2020, Becton, Dickinson and Company and C. R. Bard, Inc. have agreed to divest two medical device product lines to settle Federal Trade Commission charges that Becton, Dickinson’s proposed USD 24 billion acquisition of Bard would negatively impact competition in those markets. Both companies supply a range of medical devices to health care organizations, healthcare workers, and pharmaceutical companies.
In January 2023, CATHETRIX (Tel-Aviv, Israel), an innovative developer of urinary (Foley) smart catheter fixation devices, is commercially launching its catheter stabilizer for the prevention of urinary tract infections (UTIs) and accidental Foley catheter extractions
Key Target Audience
Providers of Indwelling Catheters, Suppliers and Distributors of Indwelling Catheters, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.