Global Industry News

Why Are Elderly Using Catheters in Homecare Settings?

The United Nations states that for the first time in history, people aged 65 years or more outnumbered children below 5 years of age in 2018, globally. As per the UN, approximately 16% of the world’s population will be aged over 65 years by 2050 and the number of persons aged 80 years or more will surge from 143 million in 2019 to 426 million in 2050. This age pool is creating a significant requirement for urological and intravenous catheters in homecare settings due to its weak urinary bladder and extensive need for regular monitoring.

Additionally, the surging prevalence of chronic diseases, such as autoimmune diseases, including type 1 diabetes, inflammatory bowel disease, and systemic lupus erythematosus; neurological disorders, cancer, and cardiovascular diseases (CVDs), will help the catheter market exhibit a CAGR of 8.8% during 2020–2030. The market revenue stood at $14.3 billion in 2019, and it is projected to reach $36.0 billion by 2030. For example, according to the International Diabetes Federation (IDF), nearly 10% of the global population has type 1 diabetes.

To learn more about this report: https://bit.ly/41z6Y2G

Over the years, disease-specific catheters have been developed for the convenience of patients. At present, neurovascular, cardiovascular, ophthalmic, urological, and gastrointestinal catheters are available across the world in the bypass, pigtail, Amplatz, Judkins left, and Judkins right shapes. In the recent past, pigtail catheters were adopted in the highest quantity as they are extremely flexible, smaller in size, cause less trauma, and can be smoothly inserted into the human body for the diagnosis and treatment of blood vessel blockages.

All these types of catheters are used in diagnostic centers and hospitals and ambulatory surgical centers (ASCs), apart from homecare settings. In recent years, hospitals and ASCs have emerged as the largest user of catheters due to the increasing number of people being admitted to these places because of the soaring cases of chronic illnesses and the rising number of these healthcare facilities around the world. All these places procure catheters and associated devices from AngioDynamics Inc., Cook Medical LLC, Coloplast A/S, Boston Scientific Corporation, ConvaTec Group PLC, Millar Inc., Terumo Corporation, and Becton, Dickinson and Company.

According to P&S Intelligence, North America dominated the catheter market in the recent past due to the high prevalence of chronic illnesses, hefty healthcare expenditure, implementation of policies on promoting catheter usage, and presence of prominent catheter manufacturers in the region. Additionally, the booming aging population and increasing number of public awareness programs about the benefits of these devices being conducted by private and public organizations are expected to encourage their adoption.

Furthermore, the Asia-Pacific region will utilize a substantial number of catheters in the forthcoming years on account of the improving healthcare infrastructure and increasing presence of catheter manufacturers. For instance, the Ministry of Health and Family Welfare reveals that there were 1,003 district hospitals (DHs), 1,255 sub-district/divisional hospitals (SDHs), 29,899 primary health centers (PHCs), and 5,568 community health centers (CHCs) in India as of July 20, 2018. Furthermore, the ministry was allocated INR 67,112 crore in 2020–2021 to improve the healthcare infrastructure of the country.

Therefore, the growing geriatric population and rising cases of chronic ailments will create an enormous requirement for catheters worldwide.

Share:

No comments:

Post a Comment

Follow Me

Follow on LinkedIn

Followers

Total Pageviews

Popular Posts

Blog Archive

Recent Posts

Label Cloud