Factors Driving Urinary Catheters Market Growth
Urinary Catheter Market is valued at USD 1.79 Billion in 2018 and expected to reach USD 2.93 Billion by 2025 with the CAGR of 7.29% over the forecast period.
Increasing prevalence of urinary incontinence, growing geriatric population and rising complications of urinary retention are the major factors increasing the growth of the urinary catheter market.
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A urinary catheter obtains from hollow and flexible tube that collects urine from the bladder and leads to a drainage bag. Urinary catheters are made in many sizes and types and it is made of rubber, plastic (PVC) and silicone. Aging population and people with a permanent injury or severe illness require urinary catheters for a longer time. There are mainly three types of catheters such as indwelling catheters, external catheters and short-term catheters. The intermittent catheter is a thin and flexible tube that a person temporarily inserts into their bladder through the urethra. Urinary catheters are primarily used to drain the bladder and it can be helped if people have blockage in the urethra which is the tube that carries urine out of the bladder, injury to the urethra, birth defects affecting the urinary tract or other medical conditions such as multiple sclerosis, spinal cord injury or dementia. A urinary catheter can either be implanted through the tube that carries urine out of the bladder or through a small opening made in your lower tummy.
Urinary Catheter market is segmented on the basis of product, application, and end user and by region. Based on product type, the urinary catheter market is segmented into indwelling catheters, intermittent catheters and external catheters. Based upon application the market is divided into urinary incontinence, benign prostatic hyperplasia, surgery and others. Furthermore, end user is further segmented into hospitals, age care centers and others.
The regions covered in this urinary catheter market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Urinary Catheter market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key players of the urinary catheter market are,
Coloplast A/S, B. Braun Melsungen AG, ConvaTec Group PLC, Amsino International, Inc., Boston Scientific Corporation, Teleflex Incorporated, Hollister Incorporated, Medtronic, BD, Cook, Others
Increasing prevalence of urinary incontinence, growing geriatric population and rising complications of urinary retention is driving the growth of the Urinary Catheter Market.
Increasing incidences of urinary incontinence, growing geriatric population and surge in number of acute and chronic pathologies which correct urinary elimination are some major factors fuelling the growth of the global urinary catheter market. Moreover, increasing incidences of spinal cord injury, Parkinson's disease and the aim of preventing complications such as urinary retention for urinary elimination are another key factors leading to increased demand for this market. Family physicians often encounter patients with urinary retention. Research studies have reported that, in the U.S. men 43 to 85 years of age the overall incidence was 4.5 to 6.8 per 1,000 men per year. Causes of urinary retention are several and this acute urinary retention is effectively managed by immediate and complete decompression of the bladder through catheterization. However, a urinary catheter has potential side effects, as it carries many risks including trauma, urethral erosion, urinary tract infection, bacteraemia, encrustation and urethral perforation may obstruct the growth of this market. For example; according to an article in BMC Urology, indwelling urinary catheters are the leading cause of healthcare-associated urinary tract infections (UTIs). For example; Urinary Tract Infections (UTI) are responsible for more than 30% of all Healthcare Associated Infections (HAI) and is the most important isolated risk factor which affects patients to infection.
North America is expected to dominate the Urinary Catheter Market throughout the forecast period.
North America is largest market for urinary catheter and expected to dominate the market throughout the forecast period due to the well developed healthcare systems, increasing utilization of catheters and favorable government policies. According to reports, found that catheter utilization remains common across the United States with around 20% in non-ICU settings and 61% in the ICU and there are more than million urinary catheters used annually in the USA. In addition, in the United States, urinary catheters are used in 60% of patients in an intensive care unit and only 20% of patients outside of an ICU. Asia pacific is the fastest growing region in urinary catheters owing to the rising necessities of indwelling urinary catheters in Asian intensive care units.
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