Catheters Market Advent of bio-absorbable stents 2025

Global Catheters Market: Snapshot

Catheters are medical tubes that are inserted in the body cavities, vessels, or ducts to remove fluids, perform a surgery, or treat diseases. Whereas, catheters are mostly used for removing fluids by inserting in body cavities, particularly the bladder. These flexible tubes play a very significant role for aged people and patients with medical conditions that impairs the ability to urinate. Connected to the drainage bags, these tubes are made up of materials such as rubber, plastic, silicone, or latex.

One of the most prominent risks associated with infections, is being eliminated due to technological advancements and innovations applied by manufacturers. Increasing prevalence of neurovascular disorders such as chronic kidney diseases (CKD), stroke, cerebral hemorrhage, dural arteriovenous fistula, arteriovenous malformation, and aneurysm has escalated the demand for catheters to perform minimally invasive surgeries. The use of catheters in minimally invasive surgeries leads to a shorter hospital stay, less scarring, and minimal post-treatment complications. Hence, the rising number of surgeries and the increasing demand for minimally invasive procedures are anticipated to bolster the growth of the global catheters market.

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Owing to the high disease awareness levels and quick access to healthcare facilities, the North American market is expected to grow swiftly in the future. Whereas, the increasing geriatric population and projects initiated by the governments to enhance healthcare infrastructure may stimulate the adoption of catheters in the Asia Pacific region.

Higher prices and inadequate quality assurance are likely to hamper the growth of this market. Nevertheless, advancements in technology and an increase in reimbursement levels are anticipated to drive the progress of this market in the future.

Global Catheters Market: Overview 

Catheters are used in both hospital and homecare settings for patients with age, permanent injury, urinary incontinence, or any medical condition that impairs the ability to urinate. Urinary catheters can be made of different materials, viz. latex, silicone, plastic, and rubber. After the urine is passed through the catheter tube, it gets collected in the drainage bag, which can be emptied whenever required.

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With technological innovation in full swing, the global catheters market is envisioned to rake in a mounting demand as the risk of infections associated with catheters is being comprehensively dealt with. One of the breakthrough initiatives in this regard is the phase II study of urinary Foley catheter by Sharklet Technologies which received a funding of US$1.2 million by the National Institutes of Health (NIH). 

Global Catheters Market: Key Trends 

The demand in the world catheters market is prognosticated to ride on the timely boost received through the surge in minimally invasive surgeries for operational, monitoring, and diagnostic purposes. This surge could be ascribed to the development in technology which caused the shift to minimally invasive procedures from traditional methods. In respect of the advantage of minimal complications post the procedure, less scarring, and shorter hospital stay, minimally invasive treatments are considered to be a cost-effective option compared to open medical procedures.

The global catheters market is also anticipated to gain impetus from the ascending demand for digitally assisted invasive interventions. The advent of bio-absorbable stents and hydrophilic coated guidewires is predicted to make its contribution toward the growth of the world market. As the prevalence of diseases such as chronic kidney disease, neurovascular disorders, stroke, and cerebral hemorrhage increases, the need for highly complex minimally invasive surgeries is predicted to augment, thus providing a crucial uplift to the market. 

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Global Catheters Market: Market Potential 

A 2017 study published in the BMJ Open journal has precisely shed light on the national budget impact analysis and cost-effectiveness of hydrophilic coated catheters compared to the uncoated catheters. The analysis procured over a five-year period is deemed to provide assistance in the efficient management of bladder dysfunctions as it significantly evaluates the impact of intermittent catheterization. The findings offered by this study are also expected to help policymakers examine intermittent catheterization in spinal cord injury patients.

Noble metal alloy urinary catheters are making headlines with their ability to produce the desired result when dealing with catheter-associated urinary tract infection (CAUTI). Published late in 2016 in the Urol Ann journal, a study has revealed the efficacy of noble metal alloy urinary catheters in curbing CAUTI and other related infections such as catheter-associated asymptomatic bacteriuria. The result showed a significant reduction rate of CAUTI in ICU patients after using the catheters for only three days. Most importantly, there were no adverse effects observed with the use of any of the catheters. 

Global Catheters Market: Regional Outlook 

The Asia Pacific region is foreseen to stimulate the growth of the world catheters market by accounting for a growing share until the concluding year of the forecast period. As the disposable income of patients and their awareness regarding the different types of catheters see a rise, Asia Pacific could be in a better position than ever. Nonetheless, the real growth factors are the elevating presence of healthcare practitioners and upgrading healthcare infrastructure. Countries such as China and India are witnessing a pronounced rate of penetration on the part of neurovascular and urology catheters.

North America, on the other hand, is slated to exhibit an upward growth trajectory on the back of aggressive advancements in technology, quick healthcare access, and high awareness of various diseases requiring catheters in their treatment. 

Global Catheters Market: Competitive Landscape 

While the international catheters market could see prominent players such as Medtronics, Inc., Johnson & Johnson, and Abbott Laboratories on the move, there are other vendors which are making their presence known. With its sturdy product portfolio and distribution network and strong local presence in the Europe catheters market, Coloplast is anticipated to secure an impressive share in the region. North America, on the other hand, could witness dominance exhibited by Boston Scientific Corporation on account of its high market penetration and sweeping regional presence. However, the global market could be influenced by a host of both local and giant companies.

Public Awareness about Catheters in Genital Surgeries to Propel the Market

San Francisco, California, November 27, 2017 – The global catheters market is anticipated to witness a noticeable growth in coming years. The development in this market can be predominantly credited to the expanding number of negligibly obtrusive surgeries, rising geriatric populace and expanding commonness of unending issue like cardiovascular and kidney issue, innovative headways in imaging catheters, and expanding number of imaging and indicative focuses. The report authored by a market research company titled, “Catheters Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” Catheters are utilized as a part of both healing facility and homecare settings for patients with age, perpetual damage, urinary incontinence, or any therapeutic condition that impedes the capacity to urinate. Urinary catheters can be made of various materials, viz. latex, silicone, plastic, and elastic. After the pee is gone through the catheter tube, it gets gathered in the waste pack, which can be discharged at whatever point required.

A standout amongst the most unmistakable dangers related with diseases, is being disposed of because of mechanical progressions and developments connected by producers. Expanding pervasiveness of neurovascular issue, for example, stroke, dual arteriovenous fistula, aneurysm, chronic kidney diseases (CKD), cerebral hemorrhage, and arteriovenous malformation has raised the interest for catheters to perform negligibly intrusive surgeries. The utilization of catheters in insignificantly intrusive surgeries prompts a shorter clinic stay, less scarring, and negligible post-treatment difficulties. Henceforth, the rising number of surgeries and the expanding interest for negligibly obtrusive methodology are foreseen to reinforce the development of the worldwide catheters market.

Attributable to the rise in the level of disease awareness and speedy access to human services offices, the North American market is relied upon to develop quickly in coming years. Though, the expanding geriatric populace and tasks started by the legislatures to upgrade human services foundation may invigorate the selection of catheters in the Asia Pacific region. Higher costs and insufficient quality confirmation are probably going to hamper the development of this market. All things considered, headways in innovation and an expansion in repayment levels are foreseen to drive the advance of this market later on.

The worldwide catheters market is additionally foreseen to pick up stimulus from the rising interest for carefully helped intrusive intercessions. The appearance of bio-absorbable stents and hydrophilic covered guidewires is anticipated to make its commitment toward the development of the world market. As the predominance of infections, for example, constant kidney sickness, neurovascular disarranges, stroke, and cerebral drain builds, the requirement for exceptionally complex negligibly intrusive surgeries is anticipated to increase, in this manner giving a urgent inspire to the market.

A recent report distributed in the BMJ Open diary has accurately revealed insight into the national spending sway investigation and cost-viability of hydrophilic covered catheters contrasted with the uncoated catheters. The investigation obtained over a five-year time span is esteemed to give help with the effective administration of bladder dysfunctions as it altogether assesses the effect of irregular catheterization. The discoveries offered by this examination are additionally anticipated that would enable policymakers to inspect irregular catheterization in spinal string damage patients. Johnson & Johnson, Medtronics, Inc., and Abbott Laboratories are some of the key players in the global catheters market. Coloplast is foreseen to secure a great share in the regional market. North America, then again, could witness strength showed by Boston Scientific Corporation by virtue of its high market presence and clearing territorial presence.

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