Indwelling catheters are medical instruments which allow for minimally invasive diagnosis & treatment of bladder-related conditions. In recent years there has been a considerable growth in investment & research into better ways of manufacturing these products – making it one of the most rapidly developing arenas for medical entrepreneurs. In this article, we will explore what you need to know about the indwelling catheters market & how it is continuing to shape the future of medical care on a global scale.
Worldwide revenue from the indwelling catheters market stands at US$ 7.7 Bn in 2022, with the global market estimated to surge ahead at a CAGR of 6.4% to reach a valuation of US$ 15.3 Bn by the end of 2033.
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Firstly, there is an increasing focus on developing new materials which have enhanced biocompatibility capabilities – helping reduce irritation within patients & allowing for comfortable long-term usage. On top of this, many companies are now producing tailored versions that provide specialized solutions for different applications such as pediatric use or urological treatments – meaning users can benefit from optimized forms tailored according to application-specific needs. Furthermore, numerous organizations have begun offering value added services such as real-time monitoring packages or automated data control systems – helping them remain compliant whilst ensuring data safety is maintained across all facilities.
In addition, there is an increasingly growing demand for single-use systems due to their convenience & cost-effectiveness; providing healthcare workers with a safe solution without needing to worry about sterilization or cross contamination between patients. Furthermore, digital solutions have become commonplace amongst indwelling catheter devices; users can now efficiently store & transfer data from anywhere in the world – greatly reducing administrative burden & improving communication between providers & patients alike.
- Teleflex Incorporated
- Cardinal Health
- Braun Melsungen AG
- ConvaTec, Inc
- Sterimed Group
- Becton, Dickinson and Company
- McKesson Medical
- Poiesis Medical
- COOK Medical
- Smiths Medical
- Rocket Medical plc
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Businesses continually develop new products and expand their geographic reach in order to grow their market share. International players are shifting production facilities to other countries to take advantage of economies of scale. Furthermore, several catheter manufacturers collaborate with major medical device distributors to sell and distribute their products abroad or in certain areas.
As a result, medical equipment producers and distributors frequently develop strategic collaborations. These collaborations not only help manufacturers get the rights to market their products, but also decrease their liability in the event of a product recall or other unfavourable events.
Key instances include:
Teleflex received FDA approval in February 2022 for an additional indication for the use of specialty catheters and coronary guidewires in CTO PCI procedures.
- Braun Medical Inc. has announced the release of the new Introcan Safety 2 IV Catheter with one-time blood control in July 2022.
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Key Segments Covered in Indwelling Catheters Industry Research
- Indwelling Urinary Catheters
- 2 way indwelling urinary catheters
- 3 way indwelling urinary catheters
- 4 way indwelling urinary catheters
- Indwelling Plural Catheters
- Indwelling Peritoneal Catheters
- Indwelling Nephrostomy Catheters
- Peripheral Intravenous Catheters
- Tetrafluorethylene-hexafluoropropylene (Teflon)
- Single Strip Pack
- Kit Pack
- Ambulatory Surgical Centre
- Long Term care centers
- Home Care
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