Advancements in the material used for the manufacturing of indwelling catheters play a significant role in the success of clinical catheterization and high patient convenience. Leading industry players are developing innovative materials for manufacturing indwelling catheters of superior quality, performance, and patient ease.
Material properties such as high resistance to collapse, minimal trauma to the lumen wall, and low accumulation and occlusion are significantly focused attributes during the development and commercialization of indwelling catheters by key industry players. In addition, technological advancements such as 3– and 4-way indwelling urinary catheters provide simultaneous systemic and distal perfusion.
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Key players operating in the indwelling catheters market offer a wide range of urinary incontinence products such as long-term and short-term indwelling catheters. An increase in the prevalence of surgeries in hospitals is expected to boost the demand for indwelling catheters in the global market.
Demand for urinary incontinence products has increased to prevent infection spread in hospitals, home care centers, surgical centers, etc., creating an absolute opportunity for the growth of the indwelling catheters market. PMR predicts that the global indwelling catheters market is expected to reach US$ 12.7 Bn in 2030, and is expected to exhibit a CAGR of over 6% during the forecast period (2020–2030).
Key Takeaways from Indwelling Catheters Market Study
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Innovative Product Approvals – Key Strategy Embraced by Industry Players
Development and approval of technologically advanced indwelling catheters with multiple functionalities are focused on by specialized developers and suppliers in the indwelling catheters market to strengthen their product portfolios in this time of high competitiveness. In addition, inorganic growth strategies such as acquisitions and product in-licencing are targeted by leading players in the indwelling catheters market.
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