Urinary Catheter Market: Key Players, Market Segments, And Regional Analysis

By Author: Snehal S
Total Articles: 396
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Introduction to the Urinary Catheters Market
Urinary catheters are medical devices used to drain urine from the bladder in cases of urinary retention, incontinence, and other conditions. They are also used to measure urine output in critically ill patients in hospitals. Growth in the market is attributed to the increasing geriatric population, rising prevalence of urinary disorders, technological advancements in urinary catheters, and increasing investments in healthcare infrastructure. Moreover, the increasing prevalence of urinary incontinence, rising awareness about urinary catheters, and growing demand for minimal invasive treatments are expected to drive the market growth.

Global Urinary Catheters Market Overview
The global Urinary catheters market size is projected to reach USD 2.6 billion by 2025, at a CAGR of 5.5%. The growing prevalence of urinary incontinence, an increasing number of surgical procedures across the globe, high incidence of prostate cancer, and the favorable reimbursement scenario are the major factors driving the growth of the urinary catheters market. However, the availability of ...
... alternative treatment options for urinary incontinence may restrict market growth to a certain extent.

The global urinary catheters market is anticipated to witness a healthy growth over the forecast period. The market is expected to be driven by increasing prevalence of urinary incontinence, rising geriatric population, and increasing awareness among people regarding the use of catheters. The market is further driven by the increasing prevalence of urinary tract infection (UTI) and rising number of individuals suffering from neurogenic bladder disorders.

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Drivers of the Urinary Catheters Market
• The increasing prevalence of diseases such as urinary incontinence and urinary tract infections.
• The rising demand for minimally invasive procedures.
• The increasing availability and affordability of urinary catheters.
• The growing geriatric population, which is more prone to developing urinary problems.
• The increasing awareness of the benefits of using urinary catheters.
• The technological advancements in the field of urinary catheters.
• The increasing preference for home care settings.
• The growing demand for disposable catheters.
• The increasing government support for the healthcare sector.
• The growing demand from emerging markets such as Asia Pacific and Latin America.

Opportunities of Urinary Catheters Market
• Rising Demand for Urinary Catheters: The increasing prevalence of diseases that require the use of urinary catheters is expected to drive the urinary catheters market growth. The WHO estimates that the prevalence of urinary incontinence and other urinary problems, such as urinary tract infections, kidney stones, and bladder cancer, is increasing. This is expected to drive the demand for urinary catheters over the forecast period.
• Growing Aging Population: The global aging population is expected to drive the growth of the urinary catheters market over the forecast period. An increasing number of people aged 65 and over is expected to lead to an increase in the prevalence of chronic diseases, such as urinary incontinence and urinary tract infections, and hence an increase in the demand for urinary catheters.
• Technological Advancements: Technological advancements, such as the development of advanced urinary catheters, are expected to drive the growth of the urinary catheters market over the forecast period. Advanced catheters are designed to reduce the risk of infection, reduce trauma to the bladder, and provide comfort to the patient.

Regional Urinary Catheters Market Analysis
The urinary catheters market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America was the largest regional segment of the overall market, followed by Europe. Factors such as the high prevalence of diseases, growing geriatric population, the availability of advanced interventional products (including urinary catheters), and increasing surgical procedures performed in the region are driving market growth in North America.

Major Players in the Urinary Catheters Market
The prominent players operating in this market include B. Braun Melsungen AG (Germany), Boston Scientific Corporation (US), Coloplast Ltd. (Denmark), ConvaTec Inc. (UK), Becton, Dickinson and Company (US), and Cardinal Health (US).

Recent Developments in Urinary Catheters Market
• In 2019, Bactiguard launched BIP Foley TempSensor. This enhanced the urinary catheters product portfolio of Bactiguard.
• In 2019, ConvaTec Group acquired Southlake Medical Supplies, Inc. (US). This acquisition helped to strengthen ConvaTec’s distribution of catheter-related supplies in the US.
• In 2018, Coloplast acquired IncoCare Gunhild Vieler GmbH (Germany). This acquisition helped strengthen the company’s position in Germany, primarily in home care continence supplies.

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Conclusion:
The urinary catheters market is expected to grow at a healthy CAGR over the forecast period. The growth of the market is attributed to the increasing prevalence of urinary incontinence, and the increasing number of surgeries and diagnostic procedures. The increasing geriatric population is also expected to boost the growth of the market. The increasing emphasis on minimally invasive procedures, and the emergence of technologically advanced catheters are anticipated to drive the market growth. The rising awareness and acceptance of catheters among patients, along with the availability of reimbursement for catheters in some countries, are expected to fuel the growth of the market. However, the fear of infection associated with the use of catheters, and the rising preference for alternative treatments such as electrical nerve stimulation are anticipated to hamper the growth of the market. The increasing investments in research and development activities, and the growing focus on developing innovative catheter technologies are expected to provide lucrative opportunities for the market players.