Indwelling catheters market to hit $1.9b by 2031

The silicone segment is projected to accelerate market growth within the forecast period.

The global market for indwelling catheters is projected to reach $1.9b by 2031 at an estimated compound annual growth rate (CAGR) of 5.5%, according to Transparency Market Research.

The report revealed that the market is witnessing high adoption amidst the demand for less invasive methods for conditions such as urinary retention, urinary incontinence, and prostate enlargement, particularly amongst ageing demographics.

In line with this, a growing preference for home healthcare settings over hospital stays further drives the demand for long-term use indwelling catheters.

Moreover, this increased demand for personalised health solutions has led to innovations focused on an individual patient’s needs and preferences.

“Development of hybrid indwelling catheters that combine features of both intermittent and indwelling catheters, offering flexibility and improved patient comfort,” Transparency Market Research said.

By material, the market’s silicone segment is projected to accelerate growth due to its durability and resistance to degradation, reducing the frequency of catheter replacements.

“Silicone catheters are known for their excellent biocompatibility, reducing the risk of allergic reactions and tissue irritation compared to latex-based catheters, making them suitable for a wider patient population,” it added.