Indwelling Catheters Market

Indwelling Catheters Market Outlook (2023-2033)

Worldwide revenue from the indwelling catheters market stands at US$ 7.7 Bn in 2022, with the global market estimated to surge ahead at a CAGR of 6.4% to reach a valuation of US$ 15.3 Bn by the end of 2033.

As assessed by Persistence Market Research, peripheral intravenous catheters are expected to hold a market value of US$ 8.8 Bn by 2033. Overall, indwelling catheters market sales account for approximately 38.7% revenue share in the global catheters market, which was valued at around US$ 19.9 Bn in 2022.

Sales Analysis of Indwelling Catheters Market from 2015 to 2022 Vs Market Outlook for 2023 to 2033

The global market for indwelling catheters recorded a historic CAGR of 6.1% in the last 7 years from 2015 to 2022.

Catheter-associated urinary tract infection (CAUTI) is a growing issue with indwelling catheters. According to the Global Burden of Disease Study, 2019, more than 12% of patients with indwelling catheters develop CAUTI.

As a result, manufacturers are focusing on minimising catheter-related infections through the development of innovative coating materials.

The coating materials are chosen based on the needs of the patient. Silicone is preferable for patients who are allergic to latex. Catheters are also coated with anti-fouling chemicals to prevent bacteria colonisation and biofilm formation.

Antimicrobial coatings include nitric oxide coatings, antibiotics such as Nitrofurazone, Gentamicin, and Norfloxacin, and metal ions such as silver-ion coating and nanoparticles.

The Bard Lubri-Sil Two-Way I.C. infection control indwelling catheter, which features a technologically advanced formulation made of bacti-guard silver alloy, is the most popular product in the category of antimicrobial coated catheters.

The majority of Foley catheter manufacturers are striving to reach out to a larger audience. One of the most often employed tactics for extending global sales footprint is distribution network expansion.

C.R. Bard is a major producer in this market, with the goal of establishing a strong global distribution network. This not only allows Bard's products to reach a larger audience, but it also increases the client base.

The global market is thus likely to show high growth over the coming years at a CAGR of 6.4% and reach a global market size of US$ 15.3 Bn by 2033.

How Can Indwelling Catheters Market Grow?

“Increasing Elderly Population, Growing Global Healthcare Expenditure, and Product Material Modification”

Urinary incontinence is common among the elderly, especially in women. According to GBD 2019, more than 20% of older adults suffer from urinary incontinence (UI).

Furthermore, elderly persons with advanced diabetes, dementia, or Alzheimer's disease are more likely to get UI.

As a result, there is a significantly increased risk of developing incontinence and other related disorders as people age. Ageing populations around the world create a potential business opportunity for indwelling catheters.

The growing older population is one of the primary reasons driving the growth of the market for indwelling catheters.

Because of the rise in urological problems among the senior population, the market is quickly expanding. Indwelling catheter manufacturers are focusing on increasing product quality to reduce catheter-associated urinary tract infections (CAUTI), discomfort issues during catheterization, and product durability.

Additionally, businesses are attempting to modify the coating material of the catheter to reduce the risk of infection. Catheter materials have been modified to prevent bacteria colonisation and biofilm formation by adding anti-fouling or bactericidal coatings. As a result, increased product innovation stimulates wider acceptance, which is expected to drive market growth.

Moreover, rise in global healthcare expenditure combined with the improved quality of the product growth in R&D areas to improve the product quality is expected to drive the market growth.

Can the Indwelling Catheters Market Growth Be Affected in Any Way?

“Availability of Alternatives, and Growing Prevalence of UTI”

Urinary tract infections are becoming more common, which may hinder market growth.

According to the National Center for Emerging and Zoonotic Infectious Diseases' Epidemiology & Prevention of Urinary Tract Infection NHSN 2018 Training Factsheet, the prevalence of urinary tract infection among nursing home patients is anticipated to be 10%.

Catheterization is a technique fraught with complications. Pain during catheterization due to catheter-associated urinary tract infections (CAUTI), which appears to be a growing problem, could stymie market growth throughout the forecast period.

The availability of alternatives to urinary incontinence products further limits market growth.

Alternative products such as urethral plugs, adult diapers, vaginal slings, and adsorbent pants are expected to impede market growth during the forecast period.

Country-wise Insights

Why is the U.S. Indwelling Catheters Market Booming?

“Growing Prevalence of Kidney-Related Ailments”

The U.S. accounted for around 91.5% market share in the North America market in 2022, and a similar trend is expected over the forecast period. Countries such as the United States and Canada have experienced an increase in urological treatments in recent years due to an increase in patients with kidney-related ailments.

Based on the National Institute of Diabetes and Digestive and Kidney Diseases, more than 661,000 Americans suffered from kidney failure in 2018. 200,000 of these people have received kidney transplants. As the prevalence of kidney failure rises, so does the demand for indwelling catheters for pre- and post-operative convenience, as well as the number of renal transplants. This factor is set to propel the growth of the market in the U.S.

Will Germany Be a Lucrative Market for Indwelling Catheters Service Providers?

“Rising Geriatric Population”

Germany held around 20.1% market share of the Europe market in 2022. According to UN demographic data, one in every four Europeans is 60 or older, making Europe the continent with the largest number of elderly people in the world.

According to the European Patients' Forum, there will be a 70% increase in the number of Europeans over 65 and a 170% increase in those over 80 by 2050. An increasing senior population is great news for the Europe market because urinary disorders are quite common in the elderly. The healthy rate at which life expectancy has expanded in Europe has also increased demand for indwelling catheters.

How is China Emerging as a Prominent Market for Indwelling Catheters?

“Traditional Chinese Medicine to Reduce Infectious Disease Burden”

China held the largest market share of about 44.2% of the East Asia market in 2022. With a large patient base in China, the global market for indwelling catheters is set to expand at a lucrative rate within the country. Moreover, given the high rates of infection proliferation through catheterization, as well as the presence of a large number of studies describing the efficacy of traditional Chinese medicine for the prevention of infections, the global market is set to expand at a lucrative pace, combining both forms of treatment for disease management.

Category-wise Insights

Which Product is Driving Growth of the Global Indwelling Catheters Market?

“Ease of Access and Less Discomfort”

The peripheral intravenous catheters segment held around 65.4% share of the global market in 2022. Using peripheral intravenous catheter lines, doctors and nurses can quickly access the patient's veins for long-term IV therapies such as chemotherapy, blood draws, and nourishment. A peripheral intravenous catheter eliminates the need for invasive surgery to insert a long-term central catheter.

Many patients appreciate the ease of home infusion with a peripheral intravenous catheter and the quick return to normal activity. Intravenous peripheral catheters eliminate the discomfort and damage caused by short peripheral catheter punctures.

Which Material is Largely Preferred for the Manufacturing of Indwelling Catheters Globally?

“Ease of Insertion”

Tetrafluorethylene-hexafluoropropylene (Teflon) holds a market share of around 49.8% in 2022. Polytetrafluoroethylene is the recommended material for reduced friction inner liners of guide catheters used in cardiology and neurology (PTFE). PTFE is widely used to line catheters in order to reduce friction and allow other devices to slide through freely.

Because PTFE provides superior torque control and stiffness, insertion will be easier for the patient, thus propelling growth of this segment within the global market.

Which Segment Holds a Greater Share in Terms of Packaging for Indwelling Catheters?

“Greater Adoption of Single Strip Packaging”

Single strip pack holds a share of around 62.0% in the global market, in 2022. A sheet material is wrapped around the catheter to make product packaging, which includes a catheter package and a mechanism to implement it. Two steps in the process of constructing a catheter package are providing a sheet material for the packaging and placing the catheter on the sheet material. In addition to wrapping the sheet material around the catheter, a tear strip must be attached to the sheet material. For the majority of treatments, single strip packs are commonly used.

Which End User Offers the Indwelling Catheters Market a Profitable Outlook?

“Large Infrastructure and Heavy Patient Footfall”

Hospitals held a larger share of about 51.7% with a market value of around US$ 3.9 Bn in 2022. Majority of catheter associated procedures are performed in hospital based settings with the availability of products as well as care required for the patients to recover from illness. Hospitals also have a large patient footfall, thus propelling the rates of procedures undertaken with the use of indwelling catheters. This factor is set to propel the overall market for indwelling catheters over the forecast period.

Competition Landscape

Businesses continually develop new products and expand their geographic reach in order to grow their market share. International players are shifting production facilities to other countries to take advantage of economies of scale. Furthermore, several catheter manufacturers collaborate with major medical device distributors to sell and distribute their products abroad or in certain areas.

As a result, medical equipment producers and distributors frequently develop strategic collaborations. These collaborations not only help manufacturers get the rights to market their products, but also decrease their liability in the event of a product recall or other unfavourable events.

Key instances include:

• Teleflex received FDA approval in February 2022 for an additional indication for the use of specialty catheters and coronary guidewires in CTO PCI procedures.
• B. Braun Medical Inc. has announced the release of the new Introcan Safety 2 IV Catheter with one-time blood control in July 2022.

Indwelling Catheters Industry Report Scope

Key Segments Covered in Indwelling Catheters Industry Research

Product:

• Indwelling Urinary Catheters
  • 2 way indwelling urinary catheters
  • 3 way indwelling urinary catheters
  • 4 way indwelling urinary catheters
• Indwelling Plural Catheters
• Indwelling Peritoneal Catheters
• Indwelling Nephrostomy Catheters
• Peripheral Intravenous Catheters

Material:

• Latex
• PVC
• Silicone
• Tetrafluorethylene-hexafluoropropylene (Teflon)
• Others

Packaging

• Single Strip Pack
• Kit Pack

End User:

• Hospitals
• Ambulatory Surgical Centre
• Long Term care centers
• Home Care

Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa