The demand for rectal catheters is likely to grow in the marketplace due to an increase in the key contributing industries. Several key contributors are rising the growth of rectal catheters market share.
The Rectal Catheters market is expected to grow at a CAGR of 7% during the forecast period, rising from US$ 132.55 Million in 2022 to US$ 260.75 Million by 2032.
The measurement of belly pressure is expected to increase demand for Rectal Catheters. It measures the strength of muscles in the big intestine, rectum, and other areas, which enhances rectal catheter sales.
People are suffering from constipation, large intestine blockage, and fecal incontinence, which will raise demand for Rectal Catheters throughout the predicted period.
An increase in the occurrence of birth-related injury is expected to increase demand for Rectal Catheters. It is one of the major factors driving the Rectal Catheters market share.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Rectal Catheters Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Rectal Catheters market.
Key Rectal Catheters Market Takeaways and Projections
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Report Benefits & Key Questions Answered
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Rectal Catheters market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Rectal Catheters market.
Some of the prominent market players are profiled by FMI are:
Coloplast, Medtronic, Inc., ConvaTec, Argon Medical Devices Inc., Hollister Incorporation, B. Braun Melsungen AG, C. R. Bard, Inc., Laborie, and EB Neuro, Sterimed Group, P3 Medical Ltd., Integra Lifesciences
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Apr 27, 2023