Global Rectal Catheters Market, By Product Type (Simple Rectal Catheter, Compound Rectal Catheter), Application (Management of Chronic Gastroenterological Diseases, Fecal Incontinence, Diarrhea, Constipation, Medication and Fluid Delivery, Surgery, Others), Usage (Disposable, Reusable), End- Users (Hospitals, Ambulatory Surgical Centers, Clinics, Homecare Settings) – Industry Trends and Forecast to 2029
Market Analysis and Size
Fecal incontinence refers to the uncontrollable passing of bowel motions, such as solid stools, liquid stools, or mucous from an infection. According to the National Institutes of Health, fecal incontinence affects one out of three adults who see a primary care physician. Fecal incontinence can be caused by various reasons, including advanced age, diarrhea, and chronic bowel disease. This will increases the demand for rectal catheters in the market. Fecal incontinence, chronic gastroenterological illnesses, and medicine and fluid supply are the most common applications for rectal catheters.
- Data Bridge Market Research analyses that the rectal catheters market is expected to reach the value of USD 1,144.65 million by the year 2029, at a CAGR of 7.30% during the forecast period of 2022 to 2029.
Market Definition
Rectal Catheters are designed to keep bowel movements firm and constant and reduce and reduce the risk of constipation and fecal incontinence. Rectal catheters come in two different types: simple rectal catheters and compound rectal catheters. Rectal catheters can be used for diagnostic and irrigation in severe gastroenterological disorders. Rectal catheters can be used to alleviate constipation and deliver drugs effectively through the rectal route. Rectal delivery using rectal catheters is the greatest solution for quick administration of medications and fluids in growing rectal catheters market trends.
Rectal Catheters Market Dynamics
Drivers
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The rise in prevalence of chronic diseases
The increasing epidemic of chronic gastroenterological diseases will act as major driver influencing the market's growth rate. Along with this, the rising incidences of diarrhea and chronic bowel diseases will further propel the market's growth rate.
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Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of rectal catheters market is the rising healthcare expenditure which helps in improving its infrastructure.
Furthermore, the rising demand for high-quality treatment and diagnosis of bowel disease will act as major driver influencing the rectal catheters market's growth rate. The dearth of standard treatment for fecal incontinence will increase the demand for rectal catheters and further propel the market's growth rate. Another significant factor resulting in the expansion of market is the increase in number of geriatric population. Furthermore, continuously changing lifestyle and advancement in medical technology are the major drivers that will enhance market growth. Rapid urbanization and rise in disposable incomes in developing and developed countries will influence the growth rate of rectal catheters market.
Opportunities
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Launch of new products
Launching new products and favourable reimbursement policies will provide beneficial opportunities for the growth of the rectal catheters. Moreover, the increasing demand from emerging markets and increasing government investments for the development of technology will further flourish the rectal catheters market's growth rate in the future.
Restraints/Challenges
On the other hand, high cost and complications involved with rectal catheters such as bowel perforations, mucosal irritation and others will obstruct the market growth. Also, less awareness, social distress, and patient emotions will challenge the rectal catheter market. However, the dearth of skilled professionals and the impact of COVID-19 on supply chain will restrain and further impede the growth rate of the rectal catheters market during the forecast period of 2022-2029.
This rectal catheters market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the rectal catheters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Rectal Catheters Market
Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. COVID-19's effects are being felt all over the world, and the rectal catheters market is significantly affected. Significant supply chain slowdowns, stock market volatility, decreasing corporate confidence, and rising panic have all been impacted by the COVID-19. As a result, the market for rectal catheters impacted negatively.
Global Rectal Catheters Market Scope
The rectal catheters market is segmented on the basis of product type, application, usage and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Simple Rectal Catheter
- Compound Rectal Catheter
Based on product type, the rectal catheters market is segmented into simple rectal catheter, and compound rectal catheter.
Application
- Management of Chronic Gastroenterological Diseases
- Fecal Incontinence
- Diarrhea
- Constipation
- Medication and Fluid Delivery
- Surgery
- Others
The application segment is segmented into management of chronic gastroenterological diseases, fecal incontinence, diarrhea, constipation, medication and fluid delivery, surgery and others.
Usage
- Disposable
- Reusable
Usage segment of the rectal catheters market is segmented into disposable and reusable.
End- Users
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Homecare Settings
Rectal catheters market has also been segmented based on the end use into hospitals, ambulatory surgical centers, clinics and homecare settings.
Rectal Catheters Market Regional Analysis/Insights
The rectal catheters market is analysed and market size insights and trends are provided by country, product type, application, usage and end user as referenced above.
The countries covered in the rectal catheters market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the rectal catheters market because of the growing patient pool and cost effectiveness of treatment in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the region's surging healthcare expenditure and high-quality medical facilities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The rectal catheters market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for rectal catheters market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the rectal catheters market. The data is available for historic period 2010-2020.
Competitive Landscape and Rectal Catheters Market Share Analysis
The rectal catheters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to rectal catheters market.
Some of the major players operating in the rectal catheters market are Coloplast Corp, B. Braun Melsungen AG, BD, Laborie, Sterimed Group, P3 Medical, Integra LifeSciences, Gamma Group, Mediplus Ltd., Ivor Shaw T/A Pennine Healthcare, Amecath, GPC Medical Ltd., Wellona Pharma, Narang Medical Limited, Angiplast, Runfold Plastics Ltd., ConvaTec Inc., ARGON MEDICAL, Hollister Incorporated, and EB Neuro S.p.A., among others.
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