Author: Vikas Kumar
13 January 2023
The global urinary catheter market is expected to register a CAGR of around ~6.1% over the period of 2021-2027. Urinary catheters refer to tube-like medical devices that are generally attached to a collection bag. These catheters are utilized by inserting into the urethra in order to drain the urine or free up the bladder of the patient and they can be reused after disposing of the urine.
The global urinary catheter market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the rapidly growing aging population across the globe is causing an increase in the number of patients having urinary incontinence suffering from Urinary Tract Infections (UTIs) and blockages in the urethra. For instance, according to the Urology Care Foundation, UTIs cause more than 8.1 million visits to health care providers each year. About 60% of women and 12% of men will have at least one UTI during their lifetime. Furthermore, various factors such as growing research and development activities are also expected to drive the demand for urinary catheters over the forecast period which is responsible for the excessive use and also significantly contributes to the market for the medical applications of urinary incontinence, spinal cord injuries, spina bifida, multiple sclerosis, and Parkinson’s disease. Therefore, the market for urinary catheters is expected to witness significant growth during the forecast period.
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Based on products, the market is classified into indwelling catheters, intermittent catheters, and external catheters. The intermittent catheters segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly in the forthcoming years. An intermittent catheter is a medical device used to empty the bladder. It’s an effective way out of a continuously draining catheter. Intermittent catheterization is considered to be the gold standard for emptying the bladder in patients suffering from spinal cord lesions and neurogenic bladder problems.
Based on usage, the market is segmented into male urinary catheters and female urinary catheters. The male urinary catheters segment grabbed a substantial market share of the urinary catheter market and is expected to grow considerably during the forecast period. The dominance among the male population is attributable to the increasing prevalence of urinary incontinence and benign prostatic hyperplasia.
Based on the end-users, the market is fragmented into hospitals, long-term care facilities, and others. The hospital’s segment captured a major market share in 2020 and is expected to grow significantly due to the increasing adoption of urinary catheters in the emerging market and the rise in healthcare expenditure. However, long-term care facilities are also likely to witness lucrative growth during the forecast period.
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Additionally, the report provides detailed report also provides insights into the global urinary catheters market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated in 2020 owing to the well-established market players and increasing geriatric population and growing awareness about urine infections, and presence of well-established healthcare facilities within the region.
Teleflex Incorporated, Hollister Incorporated, ConvaTec, Inc., Medtronic plc, Cook Medical, Boston Scientific Corporation, Coloplast, C.R. Bard, Inc., B. Braun Melsungen AG, and TE Connectivity Corporation are some of the key players operating in the global Urinary catheters market. Several M&As along with partnerships have been undertaken by these players to develop new products.
Global Urinary catheters Market Segmentation
Market Insight, by Product
Market Insight, by Type
Market Insight, by Usage
Market Insight, by Application
Market Insight, by End-Users
Market Insight, by Region
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