Urinary Catheters Market is anticipated to grow at a significant CAGR of 5.26% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Urinary catheter is a moderately flexible and hollow tube that collects urine from the bladder and passes it to a drainage bag. Generally, they are made from silicone, plastic (PVC), and rubber. Catheters are used when the patients are not able to empty their bladder by themselves; which may lead to build pressure on the bladder.
The factors that propel the growth of the Urinary Catheters Market include increase in the occurrence of urinary incontinence, positive reimbursement scenario, growing surgical procedures across the world, rise in the incidence of neurovascular disorders, and surge in the preference for self-catheterization & single-use catheters. On the other hand, there are factors that may hamper the growth of the market including risk of contamination in the urinary tract.
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The market may be explored by product type, gender, indications, end user, and geography. The market may be explored by type as Uncoated Urinary Catheters and Coated Urinary Catheters. The “Coated Urinary Catheters” segment led the market in 2017 and is anticipated to maintain its dominance over forecast period. The factors that could be attributed to the growth include comfort, lower risk of urethral injury and improved patient fulfillment.
The market could be explored based on product as intermittent Catheters, Foley Catheters, and Condom Catheters. The “Foley catheters” segment led the market in 2017 and is anticipated to maintain its dominance over forecast period. The factors that could be attributed to the growth include increasing aged populace and rising prevalence of urinary incontinence. The market may be analyzed by gender as Female Catheters and Male Catheters. The “Male Catheters” segment led the market in 2017 and is anticipated to maintain its dominance over forecast period. The factors that could be attributed to the growth include increasing aged male population and rising occurrence of urinary incontinence in men.
The market may be analyzed by indications as benign Prostatic Hyperplasia, General Surgery, Spinal Cord Injuries and Urinary Incontinence. The “Urinary Incontinence” segment led the market in 2017 and is anticipated to maintain its dominance over forecast period. The factors that could be attributed to the growth include increase in the occurrence of urinary incontinence.
Market may be analyzed by end user as Long-term Care Facilities, Hospitals and Other End Users. The “Hospitals” segment led the market in 2017 and is anticipated to maintain its dominance over forecast period owing to rise in the number of hospitals. North America accounted for the major share of the market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increase in the occurrence of urinary incontinence, presence of foremost players, growing number of surgical procedures and rise in the incidence of neurovascular disorders. North America is likely to be followed by European region.
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Some of the key players that fuel the growth of the Urinary Catheters Market comprise Boston Scientific Corporation, B. Braun Melsungen AG, ConvaTec Group PLC, Coloplast A/S, Cook Medical, Medtronic Plc, Teleflex Incorporated, J and M Urinary Catheters Llc, and Hollister Incorporated, amongst others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Market Segment:
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Global Urinary Catheters Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• B. Braun Melsungen
• Coloplast
• C.R. Bard
• Hollister
• Medtronic
• Teleflex
Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/medical-devices
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