Global Urinary Catheter Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

The global urinary catheter market is accounted approximate USD 2.3 billion in 2020 and it is expected to reach approximate USD 5.2 billion by 2030 with a CAGR of 8.5% during forecast period.The urinary catheter is the tube made from latex, polyurethane or silicon, this catheter is inserted into the bladder through urethra the process is called catheterization. The catheter allows the draining of the urine from the bladder for collection. It is also used for the injection of liquid for the diagnosis or treatment of the different bladder conditions. A urinary catheter is recommended by the doctor for different medical conditions which include urinary incontinence, surgery on prostate or genitals, urinary retention, and other medical conditions. Different types of catheters are available in the market such as foley, intermittent, and external catheters. Some patients with urinary tract infections are also recommended to use a urinary catheter. According to Centres for Disease Control and Prevention, 75.00% of patients with urinary tract infections are associated with urinary catheters. The use of a urinary catheter is relatively simple, it is an effective solution for the bladder infections if used correctly, it is safe to use, Foley catheter causes minor infection but Intermittent catheter this side effect is greatly reduced, and they are also inexpensive. Bladder diseases are increasing among the age group above 50 years.
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Market Dynamics and Factors:
Increasing bladder infections and urinary incontinence among the populace are some of the major factors which are assisting in the growth of the market. In addition to that ease to use is another supporting factor. With proper instruction or training, self-catheterization is also possible. According to the World Health Organisation (WHO) in 2017 prevalence of urinary incontinence, cases were reported to 9.9% to 36.1% after analysing some population-based study. The presence of elder population also increases the demand for the market. However, sometimes bacteria enter into the body through a catheter which could cause infection. The growing healthcare sector and development of advanced materials will create opportunities in years to come.
Market Segmentation :
Global Urinary Catheter Market – By Product
Intermittent
Foley
External
Global Urinary Catheter Market – By Coating
Coated
Uncoated
Global Urinary Catheter Market – By Indication
Urinary Incontinence
Benign Prostate Hyperplasia
Bladder Dysfunction
Spinal Cord Injury
Global Urinary Catheter Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America has dominated the market with major shares of the urinary catheter market and it is expected to continue its dominance during the forecast period. North America has a well-established healthcare sector with better infrastructure. In addition to this, awareness of urinal dysfunction amongst the populace and availability of advanced technology for diagnosis. All these factors boost the growth of the market in the region. Europe is also expected to witness growth with significant CAGR due to an increase in patients of the bladder and urinary infection. An increase in the number of surgeries performed in a region further boosts the market. Asia Pacific will witness significant growth due to the rising occurrences of urinary and bladder infections combined with the growing healthcare sector in the region.
Competitive Scenario:
The key players in the global urinary catheter market are Hollister Incorporated, Boston Scientific Corporation, Teleflex Incorporation, Cure Medical, Cr Brad Inc., and Cook Medical, Compactcath, Convatec, Coloplast A/S, Bioderm, And B. Braun Melsungen Ag.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Urinary Catheter industry, although key threats, opportunities and disruptive technologies that could shape the Global Urinary Catheter Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Urinary Catheter Market most.
The data analysis present in the Global Urinary Catheter Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Urinary Catheter Market business.
The 2021 Annual Global Urinary Catheter Market offers:
100+ charts exploring and analysing the Global Urinary Catheter Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Urinary Catheter Market type
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