Drainage Catheter Market size was over USD 3.1 Billion in 2023 and is anticipated to reach USD 5.66 Billion by the end of 2036, growing at around 5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of drainage catheter is assessed at USD 3.34 Billion. The growth of the market can be attributed to the increasing number of chronic diseases across the globe. For instance, the growing prevalence of cardiovascular and neurovascular illnesses amongst the population, an increase in the consumption of unhealthy foods, and rising stress levels among people across the globe are also expected to add to the market growth. According to statistics, over 20% of adults in developed countries suffer from more than one chronic condition.
In addition to these, factors that are believed to fuel the market growth of drainage catheters include the rising adoption of drainage catheters. For instance, owing to the rising number of surgeries catheters are being increasingly used especially in hospitals. For instance, foley catheter is increasingly being adopted around the world owing to a number of variables, such as an increase in operations and the incidence of various disorders.
Growth Drivers
Increased Incidence of Kidney Diseases – It is expected that patients with kidney disease, may use a catheter to lessen the pain, and discomfort, and stop the kidneys from suffering more harm which is anticipated to drive the market growth. As per estimates, more than 30 million Americans are thought to be affected by kidney disease.
Growing Cardiovascular Disorders (CVDs) Worldwide – Increasing consumption of smoking, and other tobacco products, is anticipated to drive the market growth. As of 2019, over 18 million individuals worldwide died from cardiovascular disease.
Increasing Hospital Admissions – The growing prevalence of chronic diseases across the globe, is estimated to drive market growth. According to data, over 36 million people were admitted to hospitals in the US in 2019.
Rising Number of Surgical Procedures – There is an increasing usage of surgical drains are catheters to remove blood, pus, or other fluids after the surgical procedures, as a result the market is expected to expand more in the upcoming years. According to the most recent data, approximately 300 million major surgeries are carried out annually worldwide.
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
5% |
Base Year Market Size (2023) |
USD 3.1 Billion |
Forecast Year Market Size (2036) |
USD 5.66 Billion |
Regional Scope |
|
Product Type (Indwelling, Intermittent, External)
The global drainage catheter market is segmented and analyzed for demand and supply by product type into the indwelling catheter, intermittent catheter, and external catheter. Out of the three types, the indwelling catheter segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the increasing prevalence of urinary retention. Chronic issues, such as a pelvic floor or prostate problems, can sometimes cause urine retention, or it can be caused by obstructions in the urinary system, such as those from bladder stones. In such cases, an indwelling catheter is inserted for continuous drainage of the bladder for individuals for whom clean intermittent self-catheterization is not possible. Further, by connecting to a drainage bag, an indwelling catheter collects urine. As per data, acute urine retention affects more than 10% of elderly males worldwide, and the likelihood increases with advancing age.
End-user (Hospitals, Clinics, Specialized Day Care Centers, Ambulatory Surgical Centers)
The global drainage catheter market is also segmented and analyzed for demand and supply by end-user into hospitals, clinics, specialized day care centers, ambulatory surgical centers, and others. Amongst these five segments, the hospital segment is expected to garner a significant share. Catheters are used for various procedures in hospitals. Patients in hospitals who need urine flow and preparation for surgery might benefit from urinary catheters. For instance, when patients need to be strictly immobilized for an extended period of time, indwelling urinary catheters may be employed. Also, since being under anesthesia makes it difficult to control one's bladder, urine catheters are frequently used during surgery.
Our in-depth analysis of the global market includes the following segments:
By Product Type |
|
By Application |
|
By Material Used |
|
By End User |
|
North American Market Forecast
The North American drainage catheter market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The growth of the market can be attributed majorly to the growing prevalence of traumatic brain injuries. Growing motor vehicle accidents in the region are the leading cause of traumatic brain injuries. Intracranial hemorrhage might happen after severe brain injury. In such conditions, a device called an external ventricular drain (EVD) is used to temporarily drain cerebrospinal fluid (CSF) from the brain's ventricles, which are tiny compartments. In addition, the increasing rate of neurovascular disorders in the region is also anticipated to boost market growth during the forecast period. As per estimates, every year, more than 1 million Americans survive severe brain injuries (TBI).
Europe Market Forecast
The European drainage catheter market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the increasing demand for drainage catheters in the region. The rising incidence of urinary incontinence in various European nations is anticipated to contribute to market growth. Pregnant women are more likely to experience urinary incontinence, which is the loss of bladder control. Further, for urinary incontinence, a urinary catheter which is a flexible tube for draining urine is utilized to empty the bladder.
APAC Market Statistics
Further, the market in the Asia Pacific, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2036. The growth of the market can be attributed majorly to the increasing geriatric population in the region. East Asia and the Pacific are ageing more quickly, as a result of rapid declines in its fertility and mortality rates. Elderly people are more prone to diseases and infections, immune systems deteriorate with ageing. In older patients with urine retention, incontinence, pressure sores, and malignancy, indwelling catheters are used frequently. Further, in order to assure appropriate treatment, elderly patients undergoing treatment in the intensive care unit (ICU) typically require prompt and efficient central vein catheterization, which is anticipated to contribute to the market growth in the region. In addition, the region's expanding healthcare industry and rising chronic illnesses are also anticipated to boost the market growth during the forecast period.
Argon Medical Devices, Inc. introduced the SKATER Mini-Loop Drainage Catheter, a development of Argon's SKATER, which is able to withstand kinking and is compatible with alcohol. Further, this drainage catheter is inserted through the skin under imaging guidance to remove or drain an undesirable fluid buildup.
Teleflex Incorporated launched Arrow Pressure Injectable Midline portfolio, to reduce misunderstanding about line identification, and provide protection by lowering thrombus buildup and the main microorganisms that cause the majority of illnesses connected with healthcare.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?