Rockville , April 03, 2024 (GLOBE NEWSWIRE) -- The global indwelling catheter market is estimated to be US$ 8,703.5 million in 2024. The market is projected to expand with a 6.4% CAGR through 2034. The market is projected to surpass US$ 16,176.3 million by 2034.
The growing prevalence of chronic diseases and the aging population are driving the growth of the indwelling catheter market. Furthermore, technological developments and innovations in indwelling catheter design and material are likely to increase patient comfort and reduce infection risk, fueling demand for these devices. In developed nations, the availability of insurance for indwelling catheterization operations is also expected to enhance market growth.
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With the rising prevalence and treatment of prostate cancer, the market for indwelling catheters is growing. This is likely to generate appealing commercial prospects for companies in this sector. Prostate cancer and other medical disorders, such as spinal cord injuries, urine incontinence, and urinary retention, need the use of indwelling catheters.
Regarding the increased prevalence of urine incontinence, particularly among the elderly, the need for indwelling catheters is predicted to increase. Furthermore, technological advances in the development of catheters that are more comfortable, less invasive, and simpler to use are projected to fuel market expansion.
| Report Attribute | Details |
| Value Projection (2034) | US$ 16,176.3 Million |
| Growth Rate (2024-2034) | 6.4% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 80 Tables |
| No. of Figures | 240 Figures |
Key Takeaways from the Market Study
- North America's indwelling catheter market is expected to grow at a CAGR of 5.7% from 2024 to 2034.
- The market is expected to register a CAGR of 5.0% in the United States over the forecast period.
- East Asia's indwelling catheter market industry is expected to rise at a CAGR of 6.9% through 2034.
- The peripheral intravenous catheters segment leads the market based on product type, with an expected market share of 64.4% in 2024.
"Catheter design and material improvements have made catheterization a safer and more comfortable, increasing the acceptance and use of indwelling catheters. Furthermore, medical issues such as the requirement for precise urine output measures in critical care settings have increased the need for indwelling catheters. As a result, the global market for indwelling catheters is likely to expand significantly in the future years." says a Fact.MR analyst.
Key Companies Profiled in This Report
- Teleflex Incorporated
- Amsino International, Inc.
- Cook Medical LLC
- Coloplast Corp.
- B Braun Melsungen AG
- SunMed LLC
- Bactiguard
- Cardinal Health Inc.
- Becton Dickinson & Company
- Poiesis Medical LLC
- Medline Industries, Inc.
Companies constantly develop new products and expand across countries to enhance their market share. Furthermore, several catheter manufacturers collaborate with major medical device distributors to market and distribute their products abroad or in specific geographic areas.
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Explore More Related Studies Published by Fact.MR Research:
Peripheral IV Catheter Market: The global peripheral IV catheter market size is estimated to be US$ 1,058.6 million in 2024. The market is projected to register a CAGR of 5.8% and reach US$ 1,865.4 million by 2034.
Diagnostic Catheters Market: The global diagnostic catheters market size was valued at US$ 3.6 Billion in 2020, and is projected to reach US$ 6 Billion by 2031, at a 10-year compound annual growth rate (CAGR) exceeding 6% from 2021 to 2031.
Urinary Catheters Market: The global urinary catheters market is projected to register 6.5% CAGR and reach a valuation of US$ 11.34 billion by 2033.
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