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The report provides detailed market and industry analysis, with in-depth analysis of product development, market share, and future growth opportunities.
What is the Drainage Catheters Market?
A drainage catheter is a device used to remove fluids and possibly bodily material that may have accumulated in a cavity or hollow organ. Additionally, it provides access for surgical procedures as well as potential for use as an insertion for medical devices. The market exhibits trends in the form of advancements in design and materials, enabling better quality and safety standards.
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Drainage Catheters Market Size
The drainage catheter market size is expected to grow at a CAGR of 2.5% during the period 2027-2032. It is expected to reach US$1.590 billion in 2032. Major players in this market are Abbott, GE Healthcare, Becton Dickinson (BD), ConMed, Smith & Nephew plc. and Coloplast A/S, among others.
Supply and supply companies are responsible for managing the demand for products in a market. Supply chain companies are responsible for managing all stages of the production cycle, from raw material sourcing to final delivery.
Drainage catheters are a combination of a drainage device, suction pump or vacuum pump, and tubing. They are used in the treatment of blockages in the urethra, bladder and other organs. The market is also assessed on the basis of product type. The market size is estimated to be nearly USD 1 billion by 2027, from USD 707 million in 2017 with a CAGR of 5.6%.
The global Drainage Catheters market is expected to reach USD 6.43 billion by the end of 2025, from USD 4.12 billion in 2019, at a CAGR of 13.0% from 2020 to 2025.
The drainage catheter market is likely to be driven by the growing popularity and awareness of the benefits of a urinary tract draining catheter.
Drainage Catheters Market 2021-2027:
The report presents a detailed analysis of the market industry, including its product development, segmentation, market share and forecast to 2027. The report also discusses the key constraints and drivers governing the market, as well as company profiles of major industry players.
In the report, IHS Market has discussed the market based on product type, end user, and geography. In product type segmentation, the report divides this market into 3 categories which are Peritoneal Drainage (PD), Urethral Drainage (UD) and Vascular Drainage (VD) Catheters. It further discusses the segmentation of end users in terms of medical and other institutions.
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Drainage Catheters Market Forecast 2021, 2027: Production, Supply, Cost and Sales
The drainage catheters market is expected to grow at a CAGR of 5.9% from 2021 to 2027. The largest market share by volume is for single-use drainage catheters, which will account for 57% of total revenue in 2027 .