Indwelling Catheters Market | Size | Analysis | Share | Outlook to 2024Posted by sandeep gade on September 27th, 2022 According to a recent study by Persistence Market Research, the global indwelling catheters market is anticipated to witness high growth at 6.4% CAGR and be valued at over US$ 13.5 Bn by 2031. Demand for indwelling catheters is surging with increasing geriatric population. With increasing age, the immune system becomes weak and people become more prone to illnesses and suffer from different diseases such as cancer and kidney diseases. According to Population Reference Bureau data of 2019, Japan, Italy, Greece, Portugal, and Germany are the top five countries with 28.2%, 22.8%, 21.8%, 21.8%, and 21.4%, respectively, of population over 65 years of age. Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/32043 With ever-increasing number of hospitals and surgeries, sales of indwelling catheters are also increasing in parallel. This is mainly because during or post-surgical procedures, there is the need to drain urine and keep the bladder empty. Also, demand for indwelling catheter increased during the COVID-19 pandemic. This is primarily due to the increased number of patients admitted in hospitals seeking treatment for COVID-19 and its associated diseases. Thus, there was a positive impact of COVID-19 on the demand for indwelling catheters. Company Profiles:
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Key Takeaways from Market Study
“Rising prevalence of urinary incontinence and increasing surgical procedures expected to drive demand for indwelling catheters over the decade,” says a Persistence Market Research analyst. Access Full Report@ https://www.persistencemarketresearch.com/checkout/32043 Who is Winning in This Space? Some of the main manufacturers of indwelling catheters are focusing on product launches, collaborations and acquisitions to enhance their market presence.
Want More Valuable Insights? Persistence Market Research brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global indwelling catheters market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The market is segmented into five parts based on product (indwelling urinary catheters, indwelling plural catheters, indwelling peritoneal catheters, indwelling nephrostomy catheters, and peripheral intravenous catheters), material (latex, PVC, silicone, tetrafluorethylene-hexafluoropropylene (teflon), and others), packaging (single strip packs and kit packs), and end user (hospitals, ambulatory surgical centers, long-term care centers, and home care), across seven major regions of the world. About Us: Persistence Market Research Contact Us: Persistence Market Research Like it? Share it! More by this author |
