Urinary Catheter Market: Key Players, Market Segments, and Regional AnalysisPosted by snehal shaha on July 20th, 2023 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. Download PDF Brochure: Drivers of the Urinary Catheters Market
Opportunities of Urinary Catheters Market
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
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=132934629 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. Like it? Share it!More by this author |