Indwelling Catheters Market Size, Share, Trends, Growth, Consumption, Revenue, Company Analysis and Forecast 2020-2027

According to Vision Research Reports, the global indwelling catheters market size surpassed US$ 990 million in 2019, and to reach US$ 1.5 billion by 2027 with a CAGR of 6.1% from 2020 to 2027.

This report analyzes the current scenario and future prospects of the global indwelling catheters market. Rise in prevalence of urologic diseases such as urinary retention and prostate hypertrophy across the globe, increase in geriatric population, and technological advancements such as introduction of novel coatings are the key factors projected to drive the global indwelling catheters market during the forecast period.

Key Findings

• Indwelling catheters, also known as Foley catheters, are flexible tubes that pass through the urethra into the bladder to drain urine during urinary catheterization.
• Increase in incidence of urinary diseases, surge in the global geriatric population, and rise in surgical procedures are the major factors anticipated to drive the global indwelling catheters market during the forecast period.
• North America held a major share of the global indwelling catheters market in 2018, due to a large population suffering from urinary disorders, rapid utilization of Foley or indwelling catheters in hospitalized patients, and increasing focus on new product launches by industry players.
• The indwelling catheters market in Asia Pacific is expected to expand at a high CAGR of 7% from 2019 to 2027 due to increase in the number of geriatric patients suffering from urinary retention.

Increase in Geriatric Population with Urologic Diseases to Drive Indwelling Catheters Market

• Increase in the geriatric patient population across the globe is anticipated to drive the global indwelling catheters market during the forecast period.
• According to United Nations Report 2017, the geriatric population aged 60 years and above is expected to double by 2050. The number is projected to reach 2.1 billion, as against 962 million in 2017.
• An increasing number of baby boomers is vulnerable to a range of urinary disorders, including urinary incontinence, benign prostate hyperplasia, prostate cancer, and urinary retention. This is anticipated to propel the demand for indwelling catheters in the next few years.
• Urinary retention is the most common urinary condition affecting the population aged 40 and above.
• According to the American Academy of Family Physicians (AAFP), the overall incidence of urinary retention is 4.5 to 6.8 per 1,000 men, per year, in the U.S.
• Moreover, the incidence of urinary retention increases with age, which, in turn, is expected to boost demand for indwelling urinary catheters in the next few years.

Key Segmentation

• In terms of product, the global indwelling catheters market has been classified into 2-way catheters, 3-way catheters, and 4-way catheters
• Based on coating type, the global indwelling catheters market has been categorized into hydrogel coating, silver alloy coating, silicone-elastomer, and others. The hydrogel coating segment dominated the global market in 2019, as hydrogel coated indwelling catheters are highly popular, and bonded hydrogel-coated latex catheters are more durable than silicone catheters since their hydrogel coating prevents bacterial adherence and reduces mucosal friction. Hydrogels or polymers coat the catheter, absorbing water to produce a slippery outside surface.
• In terms of application, the global indwelling catheters market has been bifurcated into short-term usage and long-term usage. The short-term usage segment has been split into post-surgical care and critical care. The long-term usage segment has been segregated into urinary incontinence and benign prostate hyperplasia (urinary retention). The short-term usage segment is expected to expand at a high CAGR from 2020 to 2030. Increase in usage of indwelling catheters among ICU & critically injured patients in hospitals and rise in the number of ICU admissions are likely to drive the segment during the forecast period.
• Based on end user, the global indwelling catheters market has been divided into hospitals, long-term care facilities, and others. The hospitals segment accounted for major market share in 2019.
• Market size and forecast for each of these segments have been provided from 2018 to 2030. The CAGR of respective segment has also been provided from 2020 to 2030, considering 2019 as the base year.

North America to Dominate Global Indwelling Catheters Market; Asia Pacific to Offer Significant Opportunities

• In terms of region, the global indwelling catheters market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is projected to account for leading share of the global indwelling catheters market during the forecast period. Rise in urological surgeries performed in the U.S. leading to increase in demand for indwelling catheters is a major factor driving the market in the country.
• According to the American Academy of Family Physicians (AAFP), more than 250,000 surgical procedures for benign prostate hyperplasia (BPH) are performed in the U.S. every year, leading to 2 million office visits. This is likely to propel demand for indwelling catheters in the next few years.
• The market in Europe is anticipated to expand at a high CAGR in the near future, owing to the presence of local as well as well-established players, and an increase in the demand for indwelling catheters in hospitals and nursing homes
• The indwelling catheters market in Asia Pacific is projected to grow at a rapid pace in the near future. India and China are anticipated to be lucrative markets for indwelling catheters during the forecast period. The presence of large geriatric patient population with urinary disorders and increase in usage of latex coated catheters in these countries are projected to propel the market in Asia Pacific in the next few years.

Growth Strategies of Key Indwelling Catheters Market Players

• Key players operating in the global indwelling catheters market are Cardinal Health, Inc., Coloplast Corp., Becton, Dickinson & Company (BD), Teleflex Incorporated, Cook Medical, Bactiguard, SunMed, B. Braun Melsungen AG, and Medline Industries.
• These companies engage in research & development to develop novel products in order to expand their product offerings and customer base in the global indwelling catheters market. In August 2018, Bactiguard launched line extensions to BIP Foley Catheters i.e., Silicone Female and Tiemann Tip, which are urinary indwelling catheters used for catheterization in females and males, respectively. This product launch enabled the company to expand its product portfolio and strengthen its position in the global indwelling catheters market.

Market Segmentation

By Product

• 2-way Catheters
• 3-way Catheters
• 4-way Catheters

By Material

• Latex
  • Silicone Elastomer Coated Latex
  • PTFE (Teflon) Coated Latex
  • Hydrophilic Polymer Coated Latex
• Silicone

By Indication

• Urinary Incontinence
• Benign Prostate Hyperplasia (Urinary Retention)
• Post-surgical Care
• Critical Care

By End User

• Hospitals
• Long-term Care Facilities
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • Italy
  • Spain
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Scope of the Report

VRR's report on the global indwelling catheters market studies the past as well as current growth trends and opportunities to gain valuable insights of the same indicators for the market during the forecast period from 2020 to 2030. The report provides the revenue of the global indwelling catheters market for the period 2018–2030, considering 2020 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global indwelling catheters market for the forecast period.

The report has been prepared after an extensive research. Primary research involves bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involves referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global indwelling catheters market.

Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts have also employed a combination of top-down and bottom-up approaches to study various phenomena in the global indwelling catheters market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global indwelling catheters market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global indwelling catheters market. The next section of the global indwelling catheters market report highlights the USPs, which include epidemiology analysis, regulatory scenario, key industry events, technological advancements, and key success factors of top players operating in the global indwelling catheters market.

The report also delves into the competition landscape of the global indwelling catheters market. Key players operating in the global indwelling catheters market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global indwelling catheters market profiled in this report.

Key Questions Answered in Indwelling Catheters Market Report

1. What are the major drivers, restraints, and opportunities in the market?
2. What are the revenue share projections of key segments of the indwelling catheters market during the forecast period?
3. Which segment is likely to lead the global indwelling catheters market in terms of revenue by 2030?
4. How mergers & acquisitions among players are widening the scope for the global indwelling catheters market?
5. What is the market position of different companies operating in the global indwelling catheters market?

Research Objectives and Research Approach

The comprehensive report on the global indwelling catheters market begins with an overview of the market, followed by the scope and objectives of this study. Following this, the report provides detailed explanation of the objectives behind the study and healthcare compliances laid down by accredited agencies in the purview of research in the global indwelling catheters market. It is followed by market introduction, market dynamics, and an overview of the global indwelling catheters market, which includes VRR analysis of market drivers, restraints, and trends affecting the growth of the global indwelling catheters market. Furthermore, Y-o-Y analysis with elaborate insights has been provided to understand the Y-o-Y trends of the global indwelling catheters market. The next section of the global indwelling catheters market report highlights the USPs, which include regulatory scenario, epidemiology analysis, technological advancements, and key success factors of top players in the global market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section further divided into smaller sections. The entire report comprises an exhaustive collection of graphs and tables that are appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global indwelling catheters market in terms of product, material, coating type, application, end user, and region. Key segments under each criteria have been studied at length, and the market share for each of these at the end of 2030 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investments in the indwelling catheters market.