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The market for urinary catheters is expected to grow at a CAGR of around 7.4% from 2020 to 2027 and expected to reach the market value of around US$ 3,369.7 Mn by 2027.
A urinary catheter is a hollow, partially flexible tube placed in the body to drain and collect urine from the bladder. These catheters come in many sizes and types and are made up of rubber, plastic (PVC), or silicone. These are necessary when someone is not able to empty their bladder. The pressure created on the kidneys due to urine build-up may lead to kidney failure, which can be dangerous and result in permanent damage to the kidneys. These are recommended by the doctor when a person can't able to control when urinate, have urinary incontinence, or have urinary retention.
Market Dynamics
The urinary catheter demand is increasing owing to the growing prevalence of urinary incontinence due to increasing rates of obesity and the rapidly increasing geriatric population. The high incidence of prostate cancer, increasing number of surgical procedures as well as favorable reimbursement scenario is some of the additional factors supporting the market growth. Furthermore, emerging economies with their rapidly developing healthcare sector are projected to create potential growth over the forecast period from 2020 to 2027.
On the other side, complications associated with catheterization like allergy or sensitivity to latex, blood infections, urinary tract or kidney infections, or urethral injury as well as the availability of alternatives are some of the prominent factors anticipated to limit the growth of an extent over the forecast timeframe from 2020 to 2027.
Segment Instance of Global Urinary Catheters Market
Urinary Incontinence segment is leading the market based on indication
The prevalence of urinary incontinence simultaneously growing geriatric population is one of the major factors bolstering the segmental market value. Urinary incontinence (UI) is one of the urinary disorders that are on a constant rise in the United States. According to the National Center for Biotechnology Information (NCBI), women have high risks of developing urinary incontinence UI. Additionally, according to the National Association for Continence (NAFC), people the age of 40 years and above are mostly affected by overactive bladder and urine urgency.
North America accounted for the maximum revenue share in the global market
In 2019, North America leads the market with a major share (%) in terms of revenue (US$ Mn), and the region is also projected to maintain its dominance over the estimated period. The maximum revenue share of the region is the contribution of the US and its advanced healthcare infrastructure. The changing lifestyle, growing geriatric population, the prevalence of obesity, and favorable reimbursement policies are supporting the regional market value. The availability of highly skilled doctors along with the increasing awareness about urine infections are further bolstering the demand for urinary catheters in the region.
Asia Pacific is anticipated to experience fastest growth over the forecast period
Asia Pacific region along with its rapidly developing economies projected to exhibit the fastest growth throughout the forecast period from 2020 to 2027. The major revenue contributing regions include Japan, China, and India. The developing healthcare sector and increasing disposable income are supporting the demand and usage of urinary catheters in the region. The increasing major players focus in the region due to available opportunities is further supporting the growing regional market value.
The players profiled in the report include Becton Dickinson And Company (C.R. Bard, Inc.), Boston Scientific Corp., Cook Medical, Hollister, Inc., J And M Urinary Catheters LLC, Medline Industries, Inc., Medtronic PLC, Teleflex, Inc., and others.
Market Segmentation
Market By Product
Intermittent Catheters
Indwelling Catheters
External Catheters
Market By Indication
Benign Prostatic Hyperplasia
Spinal Cord Injuries
Urinary Incontinence
General Surgery
Others
Market By Usage
Male Urinary Catheters
Female Urinary Catheters
Market By End-User
Hospitals & Clinics
Long-Term Care Facilities
Research organization & Academic Institutes
Others
Market By Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
The market for urinary catheters is expected to reach a market value of around US$ 3,369.7 Mn by 2027.
The Urinary Catheters market is expected to grow at a CAGR of around 7.4% from 2020 to 2027.
Urinary Incontinence is the leading segment by indication in the urinary catheters market
The growing prevalence of urinary incontinence due to increasing rates of obesity and rapidly increasing geriatric population, high incidence of prostate cancer, increasing number of surgical procedures, and favorable reimbursement scenario aresoem fo the factors driving the market growth.
Becton Dickinson And Company (C.R. Bard, Inc.), Boston Scientific Corp., Cook Medical, Hollister, Inc., J And M Urinary Catheters LLC, Medline Industries, Inc., Medtronic PLC, Teleflex, Inc., and others are the prominent players in the market.
North America held the highest market share in the urinary catheters market
Asia Pacific is expected to be the fastest growing market over the forecast period
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