by Antimicrobial catheters are sterile urinary catheters that incorporate antimicrobial coating on their surface to prevent bacterial infections associated with use. They help reduce incidence of urinary tract infections and other associated diseases in patients who require indwelling urinary catheters for an extended period of time. The global Antimicrobial Catheter Market is estimated to be valued at US$ 12591.03 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: Rising occurrence of hospital acquired infections (HAIs) due to increased usage of urinary catheters is one of the key drivers propelling growth of the antimicrobial catheters market. As per the Centers for Disease Control and Prevention (CDC), around 650,000 patients acquire HAIs annually in US hospitals, out of which around 75,000 patients die due to infection related complications. Usage of antimicrobial coated catheters helps reduce chances of infections significantly. This growing importance of preventing HAIs is expected to support increased demand for antimicrobial catheters over the forecast period.
SWOT Analysis
Strength: Antimicrobial catheters have a unique co-axial lumen design that enables continuous irrigation of antimicrobial solutions to help prevent catheter-associated urinary tract infections (CAUTIs).
Weakness: Antimicrobial catheters are more expensive than standard catheters. There is also a limited variety of antimicrobial solutions available for use with these catheters.
Opportunity: Rising healthcare costs associated with CAUTIs present an opportunity for increased adoption of antimicrobial catheters as a preventative solution. Growing geriatric population also increases the patient pool requiring long-term catheterization.
Threats: Alternate technologies like catheters impregnated with antimicrobial agents and self-catheterization pose threats to dominance of antimicrobial catheters. Reimbursement uncertainties also impact the market.
Key Takeaways
The global antimicrobial catheter market demand is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing incidence of CAUTIs.
Regional Analysis: North America currently dominates the market due to high awareness and healthcare spending. The region is expected to maintain its leading position in the coming years as well.
Key players operating in the antimicrobial catheter market are Pendulum, Amsterdam Winclove Probiotics, Metabogen AB (Biogaia), Exeliom Biosciences, TargEDys, Chr. Hansen Holding A/S, YSOPIA Bioscience, A-Mansia Biotech, Next Gen Probiotics, Evolve Biosystems and DuPont de Nemours, Inc. These players are focusing on new product launches and geographical expansion to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
