INDWELLING CATHETERS MARKET ANALYSIS
Global Indwelling catheters Market Drivers
The global indwelling catheters market is expected to witness significant growth over the forecast period, owing to high prevalence of chronic urinary retention among people, which drives demand of indwelling catheters. For instance, according to the National Institute of Diabetes and Digestive and Kidney (NIDDK) 2019 report, around 1 in 10 men, who are over the age of 70 and 1 in 3 men who are age of 80 are expected to develop acute urinary retention over a five years of period. Moreover, from the same source, 3 in 100,000 women develop acute urinary retention. Furthermore, according to the same source, acute urinary retention is mostly found in older men as compared to younger men and it increases with age.
Furthermore, in March 2019, Poiesis Medical LLC has announced to receive innovative contract for its Duette Dual Balloon Indwelling Urinary Catheter from Vizient Inc. Therefore, this contract is expected to drive demand of the indwelling catheters in the market.
Market Trends
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