Urinary Catheters Market Size Estimated to Grow at a CAGR of 4% During the Forecast Period 2021-2026
The new report by Expert Market Research titled, ‘Global Urinary Catheters Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global urinary catheters market size, assessing the market based on its segments like product, type, gender, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
- Historical Market Size (2020): USD 1.8 Billion
- Forecast CAGR (2021-2026): 4%
- Forecast Market Size (2026): USD 2.3 Billion
The global urinary catheters market is being driven by the increased demand for urinary catheters worldwide is the high incidence of urinary incontinence. In the elderly population and among nursing home residents, the prevalence rates are higher.
Urinary catheters are used for the treatment of incontinence, which cannot be cured or controlled by medication or surgery. Because of the rising ageing population and the increasing incidence of obesity, the prevalence of urinary incontinence is expected to rise, as these are the two main risk factors for urinary incontinence.
In the forecast period, up-gradation of healthcare infrastructure, increasing patient population, and increasing healthcare spending in emerging economies offer significant opportunities for growth.
Industry Definition and Major Segments
Urinary catheters refer to a long hollow flexible tube used for emptying the bladder and collecting the urine in a drainage bag. Rubber, plastic, or silicone are most used to make a tube. If the bladder is not drained, the pressure in the kidney tissues is produced, which can lead to kidney failure under severe conditions.
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By product, the global Urinary Catheters market can be divided into:
- Intermittent
- Indwelling/Foley
- External Catheters
The Urinary Catheters can be bifurcated into:
- Coated
- Uncoated
Based on gender, the market can be divided into:
- Female
- Male
By application, the market can be divided into:
- Benign Prostatic Hyperplasia
- Urinary Incontinence
- Spinal Cord Injury
- General Surgery
- Others
Market Trends
The largest share of the urinary catheter market was accounted for by coated catheters, this segment is also expected to record the highest CAGR in the forecast period.
The growth in this market is mainly due to the various benefits associated with coated catheters, such as faster, more convenient insertion, low risk of urinary tract infection associated with catheters, decreased risk of urethral injury, and improved patient satisfaction, also new technologies such as hydrophilic intermittent catheters that boost antibacterial properties are increasing the market growth of urinary catheters.
COVID-19 has contributed to substantial disturbances to industry and economic activities worldwide and is projected to have a negative short-term effect on the demand for urinary catheters.
Key Market Players
The major players in the market are B. Braun Melsungen AG, Boston Scientific Corporation, Teleflex Incorporated, Hollister Incorporated, and Amsino International, Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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