Catheters Are The Fastest Growing Segment Fueling The Growth Of The Indwelling Catheters Market

Indwelling Catheters Market 

The global Indwelling Catheters Market is estimated to be valued at US$ 1.74 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Indwelling catheters are medical tubes inserted into the bladder through the urethra and retained for long periods to drain urine from the bladder. Indwelling catheters are majorly used for urinary incontinence, bladder drainage, and pre or post-surgeries to prevent infection.

Market key trends:
One of the key trends in the indwelling catheters market is the rising demand for Foley catheters. Foley catheters are the most common type of indwelling catheters inserted through the urethra and bladder. They are inflated with saline once placed inside to prevent accidental removal. Growing geriatric population suffering from conditions like urinary incontinence and surge in urological surgeries are increasing the demand for Foley catheters globally. Continuous innovation in materials for enhanced patient comfort and reducing risks of infections are also boosting the growth of Foley catheters.

Segment Analysis
The global Indwelling catheters market is segmented into foley catheters and intermittent catheters based on product type. Foley catheters dominate the market and accounts for around two-third of overall sales as they are used widely for management of urinary incontinence among critical patients.

Key Takeaways
The global Indwelling Catheters Market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing prevalence of urinary incontinence diseases.

Market size related content comprises: The global indwelling catheters market size was valued at US$ 1.74 billion in 2023 and is expected to reach US$ 2.57 billion by 2030, growing at a CAGR of 5.8% during the forecast period.

Regional analysis related content comprises: North America dominates the global indwelling catheters market and is expected to continue its dominance during the forecast period. High prevalence of urinary incontinence diseases in the US and Canada drives the growth of the market in the region. Asia Pacific exhibits the fastest growth over the forecast period owing to increasing healthcare expenditure, large patient pool and rising awareness regarding urinary incontinence in countries like India and China.

Key players related content comprises: Key players operating in the indwelling catheters market are Sterimed Group, Angiplast Pvt Ltd, HEMC (Hospital Equipment Manufacturing Company), Cardinal Health, Advin Health Care, AdvaCare Pharma, Teleflex Incorporated, GWS Surgicals LLP, BACTIGUARD AB, Medtronic, Convatec Inc. Sterimed Group dominates the global market share and offers a wide range of indwelling catheters to customers.

For more insights, read- https://www.ukwebwire.com/indwelling-catheters-market-trends-size-and-share-analysis/