Indwelling Catheter Market – Top Key Players and Industry Outlook 2027
Increasing Adoption of Silicone Catheters Triggers Market Growth
There is growing demand for indwelling catheters in critical and post-surgical care requirements. Hence, healthcare companies and providers are adopting the best practices to improve quality of life in patients. Latex catheters account for the highest revenue in the indwelling catheters market, with an estimated value of ~US$ 1.5 billion by the end of 2027. Though latex catheters account for a large market share, the demand for silicone catheters is gaining momentum in the indwelling catheters market. This demand will continue to rise throughout the forecast period, because silicone catheters are associated with lesser complications as compared to latex catheters.
Sensitivity and allergy to latex catheters are common problems faced by patients, which allow them to be used on for short-term purposes. Also, silicone catheters reduce tendency to encrustation, which is increasingly driving demand for the same. Companies in the indwelling catheters market are introducing new antimicrobial-coated catheters. These novel catheters are found to significantly reduce incidence of Catheter-Associated Urinary Tract Infections (CAUTIs). Apart from catheters, manufacturers are keen on expanding their product portfolios by launching new lubricating gels and creams to prevent moisture-associated skin damage.
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Innovations in 3-way Catheters for Effective Management of Hematuria
The procedure of indwelling urinary catheterization is being increasingly used in the management of hematuria. Healthcare providers in the indwelling catheters landscape are using continuous bladder irrigation as a technique to reduce the risk of clot formation and maintain indwelling urinary catheter patency. This is being achieved with the help of 3-way catheters to continuously irrigate the bladder. As such, 3-way catheters are projected for higher growth amongst all product types throughout the forecast period, and are estimated for a revenue forecast of ~US$ 400 million by the end of 2027. To improve outcomes in patients, companies in the indwelling catheters market are increasing research efforts to develop large gauge indwelling urinary catheters to allow drainage of clots and debris.
Chronic Urinary Retention Triggers Demand for Intermittent Bladder Irrigation via Indwelling Two-Way Catheters
High prevalence of chronic urinary retention is another driver for the growth of the indwelling catheters market. As such, benign prostate hyperplasia (urinary retention) accounts for the third-highest revenue in the indwelling catheters market, with an estimated value of ~US$ 125 million by 2027.
Indwelling catheterization is used as a technique to manage benign prostate hyperplasia. However, intermittent catheterization is found to significantly reduce incidence of urinary tract infections, as compared to indwelling catheterization. Hence, healthcare providers in the indwelling catheters landscape are increasing treatment options in intermittent bladder irrigation via indwelling two-way catheters.
Indwelling catheters are gaining widespread demand in hospitals and long-term care facilities. Both these end users are projected for exponential growth in the coming years, while hospitals dominate a major share of the market. Hospitals account for the highest revenue amongst all end users in the indwelling catheters market, with an estimated revenue of ~US$ 1.1 billion by 2027. Thus, neurological dysfunction after a stroke and the inability to naturally urinate after a surgery are key drivers for market growth.
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Companies Innovating Patient-Centric Technologies to Reduce Incidence of CAUTI
The indwelling catheters market is highly consolidated, with four major players accounting for ~90% of the global market share. Apart from this, other issues such as prevalence of CAUTIs due to prolonged usage of indwelling catheters is posing as a challenge for emerging players to come up with new technologies.
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Female external catheters are posing a threat to indwelling catheters. Hence, companies in the indwelling catheters market are innovating in dual balloon indwelling urinary catheters to reduce incidence of CAUTIs and improve quality of life in patients. For instance, advanced urinary products supplier – Poiesis Medical, announced a contract with Vizient Inc. – a member-driven healthcare performance improvement company, to develop Duette Dual Balloon indwelling urinary catheters that reduce incidence of CAUTIs.
Companies are innovating in CAUTI fighting technology, since CAUTI reduction is of top priority for healthcare providers. They are increasing their focus on advanced patient-centric technologies to demonstrate better outcomes in patients. Companies are increasing R&D to implement human-derived clinical protocols to develop new device designs.
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