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HEALTHCARE & PHARMACEUTICAL

Drainage Catheter Market Analysis by Product Type (Indwelling, Intermittent, and External); by Application (Neurovascular, Urological, Cardiovascular, Gastrointestinal and others); by Material Used (Plastic, Latex or Medical-grade Rubber, and Silicone); and by End User (Hospitals, Clinics, Specialized Day Care Centers, Ambulatory Surgical Centers, and others) - Global Supply & Demand Analysis & Opportunity Outlook 2022 - 2031

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IN THE NEWS

  • Argon Medical Devices, Inc. made an announcement about the commercial launch of Mini-Loop Drainage Catheters named SKATER in the United States and European Union. It is an extension of the All-Purpose and Nephrostomy drainage portfolio of Argon’s SKATER section. It uses a 40% smaller loop to secure the catheter in place and drain the fluid from smaller cavities.

  • Teleflex Incorporated made an announcement about the launch of an Arrow Pressure Injectable Midline Catheter in two countries, Australia and New Zealand. The addition enhances the Midline Catheter portfolio, mitigating the needs of clinicians. It is designed with patient safety in mind.

Global Drainage Catheter Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Drainage-Catheter-Market-Scope

The global drainage catheter market is estimated to garner a revenue of ~USD 6 million by the end of 2031 by growing at a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 3 million in the year 2021. The growth of the market can primarily be attributed to the increasing number of renal disorders as well as chronic kidney diseases, worldwide. According to the data published by the International Society of Nephrology, in the year 2020, more than 850 million individuals suffer from some form of kidney diseases, which is increasing every year.

Drainage-Catheter-Market

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A drainage catheter is a thin tube inserted into a body cavity, skin or adipose tissue, duct, brain, or vessel inside the body to perform surgical procedures or treat any disease. Catheters are used to drain excessive fluids such as urine, mucus, blood, and pus out of the body. It is inserted to work on the targeted area. A drainage catheter is used as a primary medical assistive device in hospitals, clinics, specialized day care centers, and in-home patients. The elevated burden of chronic diseases and the upsurge in the number of surgical procedures is responsible for rising investment on healthcare infrastructures across the globe.  According to the data provided by the Centers for Medicare & Medicaid Services (CMS) of the United States government, the hospital expenditure reached USD 1270.1 billion, in the United States (U.S.) witnessing a growth of 6.4%, in the year 2020, rising from 6.3% in the year 2019.

Global Drainage Catheter Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Concern about Cardiovascular Diseases (CVDs) Globally - According to the World Health Organization (WHO) data, in the year 2019, amongst the 17 million premature deaths caused by non-communicable diseases, 38% of those deaths were attributed to CVDs.
  • High Prevalence of Kidney Diseases - According to the data by the U. S. National Kidney Foundation, in the year 2018, chronic kidney disease affected an estimated 37 million people in the U.S.
  • Rise in the Number of Hospital Admissions According to the 22nd edition of the AHA Hospital Statistics report published by the American Hospital Association (AHA), the total number of admissions was recorded at 33,356,853 in all the hospitals across the nation in 2021.
  • Upsurge in the number of surgeries performedA data published in 2020, states that each year more than 300 million major surgeries are performed worldwide.
  • Concern for Exposure to Infections Catheters should only be used for appropriate indications and should be removed as soon as they are no longer needed. Prolonged use of the urinary catheter is associated with high risk of Urinary tract infections. Urinary tract infections (UTIs) are the most common type of healthcare-associated infection. Approximately 15%-30% of adult hospital inpatients will have an indwelling urinary catheter (IUC) at some time during their hospitalization, and each day the indwelling urinary catheter remains, a patient has a ~10% increased risk of acquiring a catheter-associated urinary tract infection.
  • Shortage of Skilled Nursing Facilities – Although America’s healthcare professional is constituted with more than 4 million registered nurses in the United States and 950,000 licensed practical or vocational nurses, it is estimated that, by the end of 2022, ~1 million trained and skilled nurses are needed to address the shortage in nursing facilities.
  • Side Effects Associated with Long Term use of Catheter

The global drainage catheter market is segmented and analysed for demand and supply by product type into indwelling catheter, intermittent catheter, and external catheter. Amongst these, the indwelling catheter segment is anticipated to garner the largest revenue by the end of 2031, backed by the prevalence of patient admissions in hospitals, a rise in the number of surgeries, as well as a surge in operating room procedures worldwide. According to the Agency for Healthcare Research and Quality report on the Overview of Operating Room Procedures During Inpatient Stays in U.S. Hospitals, 2018, involved operating room procedures, which accounted for an aggregate of 14.4 million operating room procedures.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Healthcare-Expenditure

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centres for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Drainage Catheter Market Regional Synopsis

Region wise, the global drainage catheter market includes following major regions viz. North America followed by Latin America, Europe, Asia Pacific, Middle East & Africa. The market in North America is forecasted to hold the largest market share by the end of 2031, backed by increasing number of hospitals as well as surgeries which attributed to a positive trend for import of medical assistive devices in the region.  According to the data published in the ITC Trade Map, the import values of needles, catheters, cannulae and the like, used in medical, surgical, dental or veterinary sciences (excluding syringes, tubular metals needles and needles for sutures) was USD 5,562,266 Thousand in 2020 which was increased to USD 6,727,084 Thousand in 2021, in the United States.

Drainage-Catheter-Market-Size

The global drainage catheter market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global drainage catheter market includes the following segments:

Drainage-Catheter-Market-Future

Top Featured Companies Dominating the Market

  • ICU Medical, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • 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

 

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