Drainage Catheter Market Size

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.