Drainage Catheter Market Trends

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

Adverse Effects from Prolonged Use of Catheter - The increasing concern amongst individuals for the side effects associated with the long-term use of catheters is one of the major factors predicted to slow down the market growth. Using a urinary catheter has the primary danger of occasionally allowing microorganisms to enter your body. For instance, lower urinary tract infections, tissue damage, discomfort, bleeding, and catheter encrustation which results in obstruction are a few of the consequences that can arise with a long-term urethral catheter insertion. In addition to a lengthier hospital stay, catheter-associated urinary tract infections (UTIs) have serious repercussions. More than 70% of UTIs developed in a hospital are attributed to a urinary catheter.
Lack of Professional Nursing Facilities
Rising Fear of Contracting Infections

Drainage Catheter Market: Key Insights

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	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of drainage catheter is assessed at USD 3.34 Billion.

The 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. Growing cardiovascular disorders (CVDs) worldwide, and rising number of surgical procedures are the major factors driving the market growth.

North American industry is poised to dominate majority of the revenue share by 2036, led by growing prevalence of traumatic brain injuries.

ICU Medical, Inc, .Medtronic, Getinge AB, Teleflex Incorporated, Medela AG, Pacific Hospital Supply Co. Ltd. (PAHSCO), Argon Medical, Redax S.p.a. Company, Diversatek Healthcare, Medline Industries, LP., Cook Group Incorporated, ATMOS Medizin Technik GmbH & Co. KG

Drainage Catheter Market Trends