The Rising Prevalence Of Urinary Incontinence To Boost The Urinary Catheters Market Growth

 

Urinary Catheters

Urinary Catheters Market, by Product Type (Intermittent Catheter, (Ported Peripheral Intravenous Catheters (PIVC) and Non-Ported Peripheral Intravenous Catheters (PIVC)), Indwelling (Foley) Catheter, and External Catheter) by Application (Urinary Incontinence, Urinary Retention, Prostate Gland Surgeries, Spinal Cord Injuries, and Others (Multiple Sclerosis, etc.)) by End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

The global Urinary Catheters Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A Urinary Catheter is a deep, partially stretchy tube that assembles urine from the bladder and transfers to a drainage bag. Urinary catheters are accessible in many dimensions and forms. Urinary catheters are found in plastic, PVC, silicone and others. Urinary Catheters are used while one is incapable of emptying the bladder. If the bladder is not emptied, urine can accumulate and cause pressure in the renal.

Competitive Landscape:

Key players involved in the global Urinary Catheters Market are Otsuka Pharmaceutical Factory, Inc., Potrero Medical,  B. Braun SE, Coloplast Group, BD, Hollister Incorporated, Ribbel International Limited, Rocamed, HR Pharmaceuticals, Inc., Boston Scientific Corporation, Urocare Products, Inc., Sonoma Pharmaceuticals, Inc.,  Cathetrix, Ingenion Medical, Medtronic, Bactiguard AB, Amecath, Cook, Affera, Inc., and The Flume Catheter Company Ltd.

Market Key Drivers:

The rising prevalence of urinary incontinence is expected to augment the growth of global Urinary Catheters Market. For instance, as per UCF, approximately 300 million people suffer from urinary incontinence across the globe.

The rising kidney failure and other urological disorders are projected to propel the growth of global urinary catheters market. For instance, according to NIDDKD statistics, in 2018, above 661,000 Americans had kidney failure, out of which, 200,000 people are surviving with a kidney transplant.

Covid-19 Impact Analysis:

The Covid-19 outbreak had an adverse impact on the growth of the global urinary catheter market as there was a surge in the cases of pandemic. The rising cases led to the delay or postponement of hospital visits. There was a digital patient monitoring which just gave medical attention. The delay treatments impeded the market growth.

Key Takeaways:

The global Urinary Catheters Market is expected to exhibit a CAGR of XX % during the forecast period due rising urological disorders such as cystitis and benign prostatic hyperplasia. For instance, as per a survey, around 5.2 million suffer from urinary tract infection globally.

Among region North America, Asia Pacific and Europe are anticipated to witness robust growth in the global urinary catheter market due to rising urological diseases, kidney disorders, urological surgeries and increasing cases of urine urgency and OAB. For instance, as per American Society of Nephrology (ASN), urologic disorders are the third common problem amidst people aged 65 years and above in the U.S., holding for around 47% of the whole doctor visits.