SEATTLE, May 13, 2019 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, global suprapubic catheter market was valued at US$ 11,265.4 million in 2018 and is projected to exhibit a CAGR of 7.3% during the forecast period (2018 – 2026).
Key Trends and Analysis of the Suprapubic Catheter Market:
New product launches to normalize the urine flow in medical conditions and surgeries such as kidney stones and gynecologic procedures are expected to drive the suprapubic catheter market growth. For instance, in September 2016, CompactCath launched its intermittent urinary catheter to address the issues that patients have while self-catheterizing on daily routines. Furthermore, in 2014, CompactCath received the U.S. Food and Drug Administration clearance for the intermittent urinary catheter.
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Increasing demand for suprapubic catheters, owing to rising prevalence of bladder cancer is expected to be a major factor driving the suprapubic catheter market share. For instance, according to American Cancer Society, around 80,470 new cases of bladder cancer are expected in the U.S. in 2019. Among these, estimated cases of bladder cancer in men are 61,700 and in women are 18,770.
Ongoing interventional studies to determine the effectiveness of suprapubic catheterization in patients with various urological disorders is expected to witness lucrative growth in the suprapubic catheter market. For instance, in January 2016, the University of Utah initiated the clinical study to compare outcomes between urethral realignment and suprapubic catheter placement after pelvic fracture urethral injury. The study is estimated to be completed in December 2019.
Among regions, North America suprapubic catheter market is expected to account for the largest market share over the forecast period, owing to the presence of key players such as Becton, Dickinson and Company, Bard Medical, Cook Medical, and Teleflex Incorporated in this region. For instance, in February 2017, Cook Medical introduced Universa Malecot Drainage Catheter Suprapubic Set, a new set for percutaneous urinary drainage including introductory sets for initial catheter placement and suprapubic sets for suprapubic drainage.
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Key Market Takeaways:
- The global suprapubic catheter market is projected to witness a CAGR of 7.3% during the forecast period (2018 – 2026), owing to increasing incidences of kidney stone. For instance, according to National Health and Nutrition Examination Survey (NHANES), for 2013–2014 NHANES cycle, the prevalence of kidney stone in the U.S. was 10.1%. Moreover, NHANES also stated that the prevalence of kidney stone was highest in males older than 60 years (17.8%), followed by males 40–59 years old (12.6%).
- Among regions, Asia pacific region is expected to show significant growth rate in the suprapubic catheter market, owing to increasing prevalence of kidney stones in this region. For instance, in February 2018, National Center for Biotechnology Information stated that around 12% of population in India is expected to have urinary stones.
- Major players operating in the global suprapubic catheter market include Amecath, Becton, Dickinson and Company, B. Braun Melsungen AG, Cook Medical, Teleflex Incorporated, Fortune Medical Instrument Corp, Degania Silicone Ltd., Bard Medical, Urovision GmbH, UroTech Inc., and UroMed
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.