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The increase in the spread of pregnancy-related risks awareness and the risks associated with childbirth among women in developing countries have led to a reduction in the number of C-sections and a higher preference for quality healthcare over home births. This has driven the demand for intrauterine pressure converters and is expected to contribute to the steady growth of the market for intrauterine pressure catheters during the forecast period of 2021-2026. Intrauterine pressure catheters are also found in ambulatory surgery centres (ASCs) that are a modern healthcare facility. They are typically outfitted with advanced medical technologies in order to handle severe emergencies. While they are most prominent in the US and Europe, the Asia Pacific region is a fast-growing sector for ASCs. According to 2020 data, 21% of specialties performed in ASCs are obstetrics or gynaecology-related. Thus, there is a strong correlation between the growth of ASCs and the growing demand for intrauterine pressure catheters.
Koninklijke Philips N.V. (OTCMKTS: RYLPF) invested an amount of USD 292 million in image-guided therapy using smart catheters in 2018. While this was majorly aimed at cardiovascular applications, it included implementations in gynaecology as well and is expected to make intrauterine pressure catheters more effective and, thus, increase their demand among high-quality healthcare providers. Recent research in ASCs has forecast that in the near future, about 60% of out-patient surgeries will be conducted in ASCs. They have half the post-surgery infection rate and can be up to 60% less expensive than hospitals. This is expected to drive the growth of the intrauterine pressure catheters industry due to their inclusion in multi-specialty and Medicare-certified ASCs.
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The major players in the global intrauterine pressure catheters market are Koninklijke Philips N.V., Central Infusion Alliance, Inc., Clinical Innovations, LLC., Cardinal Health, Inc., and Utah Medical Products, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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