According to a new report by UnivDatos Market Insights, the India Catheters Market is expected to reach ~USD 3550 Million in 2032 by growing at a CAGR of ~17.2%. Catheters are temporary medical devices with slender flexible tubes to remove fluids and introduce medications into the patient’s body. They are widely used across different types of healthcare facilities including hospitals to help patients who may have problems with voiding or maybe the patient require a catheter. The various kinds of catheters are urinary catheters which are used to control the bladder, and intravenous catheters which are used in administering drugs and fluids. Although catheters are used in many ways to improve patient care and outcomes they also are associated with risks like urinary tract infections or catheter-related trauma when inserted improperly or not cared for properly.

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KEY GROWTH DRIVERS:

The growth rate of the Indian catheter market is strong due to increasing cases of chronic diseases, growing population size, and increasing medical technology. As the populations get access to health facilities and health education, there is a need for Urinary catheters, Cardiovascular catheters, and surgical or special-purpose catheters for minimally invasive procedures. Competitiveness is also present due to the participation of domestic and global market players, which results in positive changes for the products.

·        In November 2021, India Medtronic Private Limited, a wholly-owned subsidiary of Medtronic plc, a global provider of healthcare technology, announced the launch of the Arctic Front Cardiac Cryoablation Catheter System, the first and only cryoballoon catheter approved by CDSCO for treatment of atrial fibrillation (AF) in India.

The report suggests that the Increasing Prevalence of Chronic Diseases is a significant factor driving the growth of the catheter market in the coming years. Higher incidences of chronic diseases are one of the key factors fueling the growth of the Indian catheter market. With such diseases as diabetes, hypertension, and cardiovascular ailments occasioned by alterations in lifestyle and the environment, there is an equal proportionate rise in ailments demanding catheterization. Likewise, other cardiovascular diseases, especially the atherosclerotic type, may necessitate catheter-based procedures, such as angioplasty or stenting. This demand for catheters is further compounded by primary care’s limited availability in many areas so patients get quick referrals to specialize in specific procedures. When caring for patients, healthcare providers see the need to deliver better results, hence the need for improved catheter technology, the global market for catheters thus experiences growth. In conclusion, the growing incidence of chronic diseases works both as demand for and stimulus for developments in the catheter-related healthcare market.

Polyurethane Segment Gaining Maximum Traction in the Market

The polyurethane segment is growing at a faster pace in the Indian catheter market due to its features like mechanical strength, compatibility to use in the body, and flexibility. Polyurethane catheters are long-lasting and exhibit a low thrombogenicity and hence are appropriate both for short-term and long-term use, particularly in intensive care. It also explains why the material is gaining popularity among healthcare providers because it will retain its functionality in different environmental circumstances. With growing awareness of the benefits of polyurethane catheters and the growth in manufacturing technologies, this segment will experience higher market penetration in the coming years to cater to the requests for better catheter solutions in India.

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Conclusion

The market for catheters in India has good potential to grow in the coming years because of factors such as growing health awareness, a continuously aging population, and most importantly the growth in medical technologies.   Furthermore, strategies leaning towards enhancement of the healthcare sector and an increasing use of minimally invasive solutions also contribute to market development.