Urinary Catheter Market is projected to accelerate at a CAGR of 5.5% from 2023 to 2032, owing to rising prevalence of urologic diseases | insightSLICE
The global Urinary Catheter market size was estimated to be US$ 5.2 billion in 2021 and is expected grow at a CAGR of 5.5% between 2023 to 2032.
The global shares, trends, analysis, and forecasts for the Urinary Catheter Market are examined in the study. The projected period runs from 2023 to 2032, with 2020 serving as the historical period, and 2021 as the base year.
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The report will include an analysis of the key firms competing in the global market for urinary catheter products and services along with their market projections. The study also takes into account the competitive environment.
The report will also cover notable developments, international and regional sales networks, corporate strategies, R&D projects, staff size, and key executives for all leading market participants.
The key players of the Global Urinary Catheter Market are:
Major players active in the global urinary catheter market include Medline Industries, Inc., C.R.Bard, Inc., Becton, Dickinson and Company, Amsino International Inc, Boston Scientific Corporation, B. Braun Melsungen AG, Coloplast A/S, ConvaTec Group plc, Cook Medical Incorporated, J and M Urinary Catheters LLC, Hollister Incorporated, Medtronic plc, and Teleflex Inc.
Driving factors for the growth of Global Urinary Catheter Market
The main drivers propelling the growth of the overall urinary catheter market are the increasing incidence of urine incontinence, rising surgical procedures, increased incidence of patients with chronic kidney disease, growing geriatric population, & growing prevalence of urinary catheters.
When an individual is unable to urinate on his own, urinary catheters are usually utilized to transport the urine from the bladder to the outlet. Due to the need for an external device to empty the bladder, nerve injury, urinary incontinence, or pee retention brought on by blood coagulation, bladder control is lost.
The build-up of urine in the bladder puts more strain on the kidneys, which could potentially cause kidney failure. This has raised awareness of the grave risks associated with urine retention and encouraged the early introduction of urinary catheters.
The acceptance of urinary catheters globally is also largely driven by the rising prevalence of urine incontinence, bladder cancer occurrences, benign prostatic hyperplasia (BPH), urinary retention, and bladder retention. Even during the forecast period, the global industry is forecasted to experience significant expansion.
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With a focus on every functioning business category, the report gives an in-depth analysis of leading companies with a significant share of the global market and would identify the firm segment concentrating on urinary catheters.
Additionally, market shares of well-known businesses operating in the worldwide urinary catheter market will be calculated. For example, Becton, Dickinson, and Company reported revenues of USD 17.3 billion for the year 2019, and the company’s product segment analysis shows that the BD Medical business segment accounted for the majority of the company’s revenue.
The three business segments that comprise Becton, Dickinson, and Company are BD Medical, BD Life Sciences, and BD Interventional. The company’s BD Interventional division, which contributed US$3.9 billion in revenue in 2019, is where the urinary catheters are manufactured and sold form.
Important competitive data from all manufacturers of urinary catheters is taken into account in the study, including company strategy, service offerings, key developments, SWOT analysis, and research and development priorities.
The participants involved in the market’s distribution network and cost structure, as well as their contributions, will be taken into account in the analysis of the worldwide urinary catheter market.
The company’s whole product line would be the main emphasis of the product offering for its urinary catheter business division.
Similarly, the section on the latest events should emphasize upon market’s most recent activities, alliances and partnerships, mergers and acquisitions, new product launches, and geographic forecast for the global market for urinary catheters.
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Global Urinary Catheter Market Key Segments:
Based on Product Type
- Indwelling Catheters
- Intermittent Catheters
- External Catheters
Based On Applications
- Benign Prostate Hyperplasia (BPH)
- Urinary Incontinence
- Spinal Cord Injury
Based On Gender
- Female Urinary Catheter
- Male Urinary Catheter
Based On End User
- Age Care Centers
- Home Care
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Regional performance of Urinary Catheter Market
Due to the high prevalence and increasing occurrences of urine incontinence, the rising number of spinal illnesses and spinal operations, and the growing geriatric population, North America accounted for the highest proportion of the global market for urinary catheters.
Prominent manufacturers’ existence and the introduction of new products are projected to boost the North American market for urinary catheters during the projected timeline.
Due to the growing geriatric population and rising demand for home care applications, Asia Pacific is expected to develop at the quickest rate during the projected period and contributed a sizeable portion of the global market for urinary catheters in 2019.
Because of the growing elderly populations in developed nations like China, India, and South Korea, the incidence of urine incontinence is predicted to rise, which is projected to support the market for urinary catheters in the Asia Pacific region.
Additionally, it is projected that the demand for intermittent catheters would increase during the projection period because of the rising medical tourism in China, Singapore, and India for spinal procedures.
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