Suprapubic catheters are medical devices that are surgically inserted through the abdomen directly into the bladder to drain urine. They are majorly used for patients suffering from urinary retention or who are unable to self-catheterize through the urethra. Suprapubic catheters provide an alternative drainage method and are more comfortable, secure, and discreet for long-term catheterization compared to other types of catheters. The growing prevalence of urinary disorders such as benign prostatic hyperplasia (BPH) and urinary incontinence worldwide is fueling the demand for suprapubic catheters for effective urine drainage management.
The Global Suprapubic Catheter Market is estimated to be valued at US$ 15,392.75 Million in 2022 and is expected to exhibit a CAGR of 7.3% over the forecast period 2022-2030.
Key Takeaways
Key players operating in the suprapubic catheter market are Bard Medical, B.Braun, Cook Medical, Teleflex, etc.
Suprapubic Catheter Market Growth is rapid development of advanced catheters integrated with features such as anti-reflux valves, retention balloons, and customized drainage bags is creating lucrative opportunities for manufacturers in the market.
Growing medical tourism in low-cost countries for urinary procedures and rising awareness about suprapubic catheterization benefits through social media and healthcare websites are contributing to the global expansion of the suprapubic catheter market.
Market drivers
The increasing geriatric population is a key driver augmenting market growth. Elderly individuals are more prone to develop urinary disorders due to weak pelvic floor muscles and prostate enlargement with age. As per WHO, there were approximately 703 million people aged 65 years and above globally in 2019 which is expected to grow to 1.5 billion by 2050. The rising pool of aging population widens the target patient base requiring long-term catheterization and boosts suprapubic catheter sales.
PEST Analysis:
Political: Regulations around healthcare and medical devices ensure safety and efficacy of suprapubic catheters.
Economic: Rising disposable incomes and improved access to healthcare is driving demand for suprapubic catheters.
Social: Growing elderly population who are more prone to conditions requiring catheterization is a major factor.
Technological: Advancements in materials and design have made catheters more comfortable for patients. Telemedicine is also helping in remote consultations and post-surgery care.
The market is currently concentrated in regions with advanced healthcare infrastructure and large pools of elderly population like North America and Western Europe. The United States accounts for the largest share due to the country's large medical spending and urgent healthcare needs of its aging population. Other Developed markets like Canada, United Kingdom, Germany, France etc. also have sizeable market presence.
The Asia Pacific region excluding Japan presents attractive opportunities for future growth. This is largely attributed to expanding medical capabilities, rising health expenditures and a surge in the geriatric population segment afflicted with urinary disorders. Countries like China and India are anticipated to showcase lucrative growth prospects through the forecast period with growing focus on upgrading healthcare systems and making modern treatment options more accessible.
Get This Report in Japanese Language: 恥骨上カテーテル市場
Get This Report in Korean Language: 치골 상부 카테터 시장
About Author:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
