Global suprapubic catheter market is estimated to be valued at US$ 15,392.75 million in 2022 and is expected to exhibit a CAGR of 7.3% during the forecast period (2022-2030).
Figure 1. Global Suprapubic Catheter Market Share (%), by End User, 2022
Rise in research & development activities for the development of suprapubic catheter are expected to drive the market growth during the forecast period.
Increasing research and development activities by key players in market for the development of suprapubic catheter are expected to drive the market growth over the forecast period. For instance, in March 2018, Mayo Clinic completed clinical study for silver-impregnated suprapubic catheters (SPC) in urogynecology. The study was conducted to show a statistically significant decrease in urinary tract infection (UTI) rate among the individuals with a silver-alloy suprapubic catheter compared to the standard silver-alloy catheter.
Increasing product launches are expected to drive growth of the global suprapubic catheter market.
Increasing launches of new products are expected to drive the global suprapubic market growth over the forecast period. For Instance, in March 2021, the U.K. firm's suprapubic catheter system launched by utilizing the Seldinger Technique. When compared to other Suprapubic Catheter Kits, the S-Cath System aims to provide a less traumatic approach yet provides similar drainage benefits of larger devices. Hence, S-Cath System is the standard of care in the UK and adopted by Texas radiologists.
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