The Indwelling Catheters Market To Witness A Significant Growth Resolution

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Indwelling Catheters Market
Report Id PMRREP32043 Category Life Science
Healthcare
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The Indwelling Catheters Market To Witness A
Significant Growth Resolution

• Key players operating in the indwelling catheters
  market offer a wide range of urinary incontinence
  products such as long-term and short-term
  indwelling catheters. Increase in prevalence of
  surgeries in hospitals is expected to boost the
  demand for indwelling catheters in the global
  market. Demand for urinary incontinence products
  has increased to prevent infection spread in
  hospitals, home care centers, surgical centers,
  etc., creating an absolute opportunity for the
  growth of the indwelling catheters market.
• PMR predicts that the global indwelling catheters
  market is expected to reach US 12.7 Bn
  in 2030, and is expected to exhibit a CAGR of
  over 6 during the forecast period (20202030).

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Key Takeaways from Indwelling Catheters Market
Study         
By product, peripheral intravenous catheters are
expected to gain traction in the global
indwelling catheters market during the forecast
period. There is extensive use of peripheral
intravenous catheters in hospitals and surgical
centers for intravenous therapy during or after a
surgery. In terms of material, the
Tetrafluorethylene-hexafluoropropylene (Teflon)
segment is expected to gain more than half of the
market value share during the forecast
period. Based on packaging segment, single strip
packs are expected to hold nearly one-third of
the market share due to higher demand for single
strip packs over kit packs. As per end user,
hospitals lead the segment and are expected to
collectively gain more than half of market share
value in the indwelling catheters market during
2020-2030. North America holds the highest
revenue share by region due to high rate of
hospitalizations, and contributes around 1/3 of
the market share, owing to rise in number of
patients and higher adoption of indwelling
catheters. Europe is expected to offer lucrative
opportunities owing to rise in demand for
indwelling catheters across hospitals, nursing
homes, and surgical centres. Rising prevalence
of urological disorders and technological
advancements are expected to drive growth of the
global indwelling catheters market, says a PMR
analyst.
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