Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Global Suprapubic Catheter Market, by Indication (Benign Prostate Hyperplasia, Urinary Incontinence, and Others), By Material (Rubber, Plastic, and Polyvinyl Chloride), By End User (Hospitals, Ambulatory Surgical Centers, Urology Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 11,265.4 million in 2017 and is estimated to exhibit a CAGR of 7.3% over the forecast period (2018-2026), as highlighted in a new report published by Coherent Market Insights.
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The growing demand for suprapubic catheters, attributed to rising prevalence of bladder cancer is a major factor that is expected to drive growth of the suprapubic catheter market over the forecast period. For instance, according to the American Cancer Society, around 80,470 new cases of bladder cancer are expected to be reported in the U.S. in 2019. Among these, estimated cases of bladder cancer in men are 61,700 and 18,770 in women.
Browse 34 Market Data Tables and 27 Figures spread through 160 Pages and in-depth TOC on “Suprapubic Catheter Market, by Indication (Benign Prostate Hyperplasia, Urinary Incontinence, and Others), by Material (Rubber, Plastic, and Polyvinyl Chloride), by End User (Hospitals, Ambulatory Surgical Centers, Urology Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2026”
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Moreover, technological advancements in suprapubic catheterizations is a major factor that is further expected to drive growth of the suprapubic catheterization market over the forecast period. For instance, S-Cath System developed by Mediplus ltd. utilizes the Seldinger technique, which is a patented system for suprapubic catheterization that facilitates one tract accurate and precise entry for catheters, decreasing the risks associated with standard blind methods. The Seldinger technique uses a guidewire to place the catheter in the bladder to reduce the risk of bladder or bowel injury.
Moreover, the National Institute for Health and Care Excellence (NICE) and the British Association of Urological Surgeons (BAUS) recommended use of S-Cath System to reduce the risks of conventional products used for SPC. Additionally, in July 2005, Mediplus received CE marking from European Union for S-Cath system, and in December 2015, Class IIb CE marking for S-Cath System was renewed.
In addition, increasing preference for suprapubic catheters over indwelling catheters, attributed to complications associated with indwelling catheters such as epididymitis, hematuria, bladder stones, and bladder cancer is expected to boost growth of the suprapubic catheter market over the forecast period. For instance, in 2018, in a study at Veterans Affairs (VA) Medical Center, 42% of catheterized patients with indwelling catheter were uncomfortable, 48% complained about pain, and 61% of catheterized patients with indwelling catheters experienced restriction in body activities.
Key Takeaways of the Suprapubic Catheter Market:
- The global suprapubic catheter market is expected to exhibit a CAGR of 7.3% over the forecast period (2018-2026). The growth of the market is attributed to continuous technological advancements in suprapubic catheterization. For instance, in April 2017, Mediplus Ltd. received the ‘Queen’s Award for Enterprise’ in the category of innovation for its S-Cath System.
- Moreover, increasing incidence of urology disorders such as urinary incontinence, bladder cancer in geriatric population, coupled with rising number of patients undergoing surgeries in hospitals are driving demand for suprapubic catheters, which is further expected to drive growth of the market over the forecast period.
- Key players operating in the global suprapubic catheter market include Amecath, Becton, Dickinson and Company, B. Braun Melsungen AG, Cook Medical, Teleflex Incorporated, Fortune Medical Instrument Corp, Degania Silicone Ltd., Bard Medical, Urovision GmbH, UroTech Inc., and UroMed
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