India Disposable Catheter Market Report and Forecast 2021-2026
According to Expert Market Report’s latest report, ‘India Disposable Catheter Market Report and Forecast 2021-2026’, the India disposable catheter market attained a value of INR 2,324.0 crore in 2020. Aided by the growing prevalence of urinary incontinence among the increasing geriatric population, the market is projected to further grow at a CAGR of 9.2% between 2021 and 2026 to reach a value of almost INR 3,914.6 crore by 2026.
A catheter is a soft hollow tube, which is passed into the bladder to drain urine. Angioplasty, angiography, balloon septostomy, balloon sinuplasty, cardiac electrophysiology testing, and catheter ablation are some of the common procedures that require a catheter. Disposable catheters are thin, single-use tubes that are placed into the body to diagnose and treat a variety of medical conditions. They can be placed in the duct, skin, brain, cavities, or adipose tissue of the human body. Since disposable catheters reduce the danger of infection, they are becoming more popular among healthcare workers and patients. The increased prevalence of urine incontinence among India's ageing population, and the rising prevalence of chronic diseases and rising healthcare spending, are driving up demand for disposable catheters. As the stigma surrounding urinary incontinence is decreasing and patients are seeking treatment for the issue, disposable catheters are increasingly deployed to surge the autonomy of patients. They also aid in improving the quality of life of the elderly while preventing the risk of leakage, infection, and severe bladder issues that can potentially damage the kidney, thereby augmenting the market growth.
The development of innovative disposable catheters that can enhance the convenience and comfortability of patients is expected to drive market growth. The initiation of various research activities to enable the development of disposable catheters with renewable and sustainable resources such as cellulose are estimated to significantly contribute to the market growth in upcoming years. Increasing adoption of home parenteral nutrition is also expected to aid in the growth of the market. The increasing preterm birth rate is also expected to offer lucrative growth opportunities for players in the Indian catheters market. Also, the growing technological advancements in disposable catheters are likely to further propel the growth of the market.
The market report by Expert Market Research analyses the market based on segmentations such as products, end uses, distribution channel and major regions.
Market Breakup by Products
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