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India Disposable Catheters Market to Grow at a CAGR of 9.2% During 2021-2026, Aided by the Rising Prevalence of Urological Issues

According to a new report by EMR titled, ‘India Disposable Catheters Market Report and Forecast 2021-2026’, the India market for disposable catheters attained a value of about INR 2,324 crore in 2020. The industry is further expected to grow at a CAGR of 9.2% in the forecast period of 2021-2026 to reach a value of approximately INR 3,914.60 crore by 2026.

The market for disposable catheters in India has been driven by the surge of various urological diseases, especially among the female population. The rising demand to reduce trauma and infection related to urinary tract and bladder is also increasing the deployment of disposable catheters, hence augmenting the market growth. Moreover, the development of disposable catheters with several sizes and innovative designs to enhance the comfortability of patients is significantly contributing to the industry growth. Since the usage of reusable catheters can lead to a higher risk of bladder spasms, urinary tract infections (UTIs), cystitis, and bladder cancer, among others, the demand for disposable catheters is surging to reduce morbidity. In addition, advancements in medical technology are expected to lead to the development of customised and personalised disposable catheters to boost the quality of life of patients, which is projected to provide impetus to the market growth in upcoming years.

Narang Medical Limited., one of the leading companies in the disposable catheters industry in India, offers Folley Balloon Catheter. It is a high-quality product that is deployed for long- or short-term drainage of urine. The advanced product is made from natural latex rubber to enhance the comfortability of patients. It also features a polymer coating on its inside surface to provide efficient flow and a large inner diameter. Moreover, it is made from natural latex rubber to boost sustainable offerings in disposable catheters. The product offers a siliconised smooth surface and reduces blockage and failure of catheters to enhance the experience of patients. Such innovative products are fuelling the market growth. In addition, the rising demand for disposable catheters in hospitals such as Fortis Healthcare Ltd. (NSE: FORTIS) is expected to drive the market growth in the forecast period.

Market Analysis by Product, End Use, Distribution Channel, and Region:

  • The market, on the basis of product, can be divided into cardiovascular catheters, speciality catheters, intravenous catheters, urology catheters, and neurovascular catheters, among others.
  • Based on end uses, the industry can be divided into hospitals and clinics, diagnostics and pathology labs, and ambulatory surgical centres, among others.
  • The distribution channels for disposable catheters include direct purchase, B2B distributors, and retail.
  • The regional markets for disposable catheters in India include West India, North India, East India, and South India.

Key Findings of the Report:

  • The increasing prevalence of cardiovascular diseases in India is surging the demand for disposable catheters in their diagnosis and treatment, hence augmenting the market growth.
  • The market has been driven by the rising safety and hygiene concerns amidst the COVID-19 crisis, which skyrocketed the demand for disposable catheters.
  • The increasing prevalence of urinary incontinence owing to the growing geriatric population is leading to a surge in the deployment of disposable catheters, which is fuelling the market growth.
  • The development of disposable catheters with enhanced safety, security, comfortability, and convenience is propelling the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the India market for disposable catheters for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, end uses, distribution channels, and major regions of disposable catheters in India.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the India disposable catheters market are Ribbel International Limited, Narang Medical Limited., Meditech Devices Pvt. Ltd., Mediplus India Limited, and Romsons Group of Industries, 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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