The global nephrostomy catheters market is anticipated to grow at a CAGR of 7.5% during the forecast period. The factors such as the rising incidence of kidney diseases and growth in government support for nephrostomy catheters have shown a positive impact on the growth of the nephrostomy catheters industry.Growing cases of kidney stone disorderis expected to create demand for nephrostomy catheters. For instance, as per the report of the National Center for Biotechnology Information (NCBI), urolithiasis affects around 12% of the population across the globe. In addition, rising awareness regarding products and an increase in demand for minimally invasive surgical procedures are the factors propels the growth of the nephrostomy catheters market during the forecast period. The growing cases of lifestyle-related disorders and the availability of enhanced healthcare infrastructure in the developing economies are fueling the growth of the market. 

Nephrostomy catheter is utilized to break a blockage in the urinary system and this catheter inserted through the skin into kidneys. This procedure has a success rate of over 95% if it is performed by properly trained and qualified resources. This blockage can cause hydronephros is that is operating with the enables of nephrostomy catheters. Thus, growing in the number of hydronephroses is anticipated to propel the nephrostomy catheters industry growth. Moreover, rising cases of ovarian, prostate and bladder cancers and rising incidence of postoperative infections in patients along with kidney transplantsare expected to fuel the growth of the nephrostomy catheters market. Furthermore, growing R&D activities is creating a growth opportunity in the near future. 

Segmental Outlook  

The global nephrostomy catheters market is segmented on the basis of type and vertical. Based on types, the market is segmented into silicon rubber, natural rubber,polyurethane, polyethylene terephthalate (PET), and others. Based on vertical, the market is segmented into hospitals, ambulatory surgical centers, and specialty clinics. The ambulatory surgical centers are expected to have a considerable growth rate as they provide more personalized services and better outcomes of results as compared to hospitals and other healthcare settings are propels the growth of the market.

Hospitals will be the largest segment by Verticals

Based on vertical, the market is segmented into hospitals, ambulatory surgical centers, and specialty clinics. Hospitals are anticipated to have the largest market share in the nephrostomy catheters market during the forecast period owing to the availability of skilled physicians in hospitals. Moreover, enhancing healthcare infrastructure in the emerging economies and rising adoption of innovative products by physicians are anticipated to fuel the growth of the nephrostomy catheters market. 

Global Nephrostomy Catheters Market Share by vertical, 2018 (%)

Regional Outlook

The global nephrostomy catheters market is further segmented based on geography including North America, Europe, Asia-Pacific and Rest of the World.North America is expected to have a significant market share in the nephrostomy catheters market during the forecast period owing to the growing incidence of bladder cancers and the presence of growing R&D funding from the government. Europe is expected to be the second-largest share in the nephrostomy catheters market due to advancements in technology. 

Global Nephrostomy Catheters Market Growth, by Region 2019-2025

Asia-Pacific will Augment with the Fastest rate in the Nephrostomy Catheters Market

The market in Asia-Pacific is expected to be the fastest-growing region mainly owing to government initiatives, several programs by NGOs to grow awareness about the products and growing cases of kidney disorders. Furthermore, the presence of various numbers of key companies and rapidly enhancing the medical tourism market in the developing economies of the region is contributing to the growth of the market and fuel the product demand. 

Market Players Outlook

The key players of nephrostomy catheters market include Becton Dickinson and Co., B. Braun Melsungen AG, Boston Scientific Corp., Cook Medical, Inc., Coloplast Group, Argon Medical Devices, Inc., and Cardinal Health,Inc. These market players extensively adopting various strategies in order to expand their market share. The most common strategies adopted by these players include mergers, acquisitions, product launches, and partnership and collaborations. For instance, in May 2019, Argon Medical Devices, Inc. acquires Mana Tech. Ltd. as a distributor for the UK & Ireland in order to enhance its growth opportunity to improve commercial reach in the UK, Ireland and throughout Europe.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global nephrostomy catheters market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.