Global Urinary Catheters Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Urinary Catheters Market: Overview
The Urinary Catheters Market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.
A urinary catheter is a flexible and hollow tube that is used to collect urine from the bladder into a drainage bag. Urinary catheters are available in different sizes and types.
They are generally can be made of rubber, plastic, and silicone. Urinary catheters are inserted by doctors or nurses in hospitals. A catheter is placed using a sterile technique, to prevent infection and sterile lubricant.
Increasing incidences and prevalence of urinary incontinence is a key factor expected to drive the revenue growth of the target market over the forecast years. Urinary incontinence is a medical condition characterized by the loss of bladder control. It is a common problem that affects millions of people globally.
In addition, the increasing elderly population, rising rates of obesity, increasing number of surgical procedures, rising health care expenditure, and increasing awareness about hygiene in developing countries are some of the other factors expected to drive revenue growth of the global urinary catheter market.
However, the availability of alternative treatment options for urinary incontinence and stringent health regulatory approval for these products is the factor expected to hamper the growth of the target market to a certain extent.
Urinary Catheters Market: Segment Analysis
On the basis of product type segment, the intermittent catheter is expected to register the highest market share owing to increasing incidences of urinary bladder-related diseases and disorders.
On the basis of the application segment, urinary incontinence is expected to witness the highest revenue share over the forecast period. This is primarily to, increasing prevalence, especially in the elderly population, and is the second leading reason for older adults to get into institutionalized care.
Global Urinary Catheters Market: Trends
The major manufacturers are focusing on getting various health authority approvals for their products, in order to reach a large number of end-users.
Many companies are developing user-friendly urinary self-catheterization, that can perform by individuals themselves or with the assistance of a nurse or a relative. These are some of the key trends witnessed in the target market.
For instance, In February 2019, Safe Medical Design Inc. (SMD), which is engaged in safe and cost-effective solutions in urology, received US Food and Drug Administration (FDA) for signal catheter for commercialization in the US.
Global Urinary Catheters Market: Regional Analysis
In 2018, the markets in North America are anticipated to hold a major share in the target market over the forecast period.
This is primarily due to, high awareness among people of urinary-related disorders, improved medical facilities, effective government policies, and medical care services in countries in the region.
The market in the Asia Pacific is expected to witness the highest CAGR over the forecoming years. This is primarily to, the rising prevalence of obesity and higher healthcare expenditure of the general population in countries in the Asia Pacific region.
Global Urinary Catheters Market Segmentation:
Segmentation by product type:
- Indwelling (Foley) Catheters
- Intermittent Catheters
- External Catheters
Segmentation by application:
- Benign Prostate Hyperplasia (BPH)
- Urinary Incontinence
- Spinal Cord Injury
- Others (include General Surgery, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- TE Connectivity Corporation (AdvancedCath)
- Braun Melsungen AG
- Boston Scientific Corporation
- R. Bard, Inc.
- Coloplast A/S
- Cook Medical Incorporated
- Medtronic plc.
- Hollister Incorporated
- Teleflex Incorporated
- ConvaTec, Inc.
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