The Intermittent Catheters Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Intermittent Catheters Global Market Report 2024, The intermittent catheters market size has grown strongly in recent years. It will grow from $2.44 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to increased aging population, increased incidence of neurological disorders, awareness and education initiatives, improvements in healthcare infrastructure, patient preference for home healthcare.
The intermittent catheters market size is expected to see strong growth in the next few years. It will grow to $3.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rise in chronic conditions, focus on infection prevention, healthcare cost containment strategies, personalized healthcare solutions, telehealth and remote patient monitoring. Major trends in the forecast period include technological innovations in catheter design, advancements in medical technology, focus on patient convenience and quality of life, economic and reimbursement factors, global expansion and market penetration.
The increasing prevalence of urinary incontinence is expected to boost the growth of the intermittent catheter market going forward. Urinary incontinence (UI) refers to the inability to control urination or the loss of bladder control. Patients with urine incontinence regain control of their bladders by intermittently catheterizing themselves four to six times per day, Hence, the increasing prevalence of urinary incontinence will boost the demand for intermittent catheters. For instance, according to a report published by the National Association for Continence, a US-based private, non-profit organization dedicated to improving the quality of life of people with incontinence, around the world, 200 million people suffer from urinary incontinence, and 75% to 80% of the 25 million adult Americans who experience urine incontinence are female. Further, the majority type of female incontinence, stress urinary incontinence, is thought to impact 15 million adult women in the United States. Therefore, the increasing prevalence of urinary incontinence is driving the growth of the intermittent catheter market.
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The intermittent catheters market covered in this report is segmented –
1) By Product: Uncoated Intermittent Catheter, Coated Intermittent Catheter
2) By Category: Male Length Catheter, Kids Length Catheter, Female Length Catheter
3) By Application: Urinary Incontinence, Urinary Retention, Prostate Gland Surgery, Spinal Cord Injury, Other Applications
4) By End Users: Hospitals, Surgical Centers, Specialty Clinics, Academic And Research Institutions
Product innovation is the key trend gaining popularity in the intermittent catheter market. Major companies operating in the intermittent catheter market are focusing on developing innovative products to sustain their position in the market. For instance, in February 2023, Coloplast Corp, a Denmark-based company that develops products and services to make life easier for people with intimate healthcare needs launched Luja, a male intermittent catheter. The unique feature of Luja is its capacity to address substantial risk factors for UTIs, a significant burden on both patients utilizing intermittent catheters and the healthcare system as a whole. Coloplast is establishing a new benchmark for intermittent catheterization with Luja and its Micro-hole Zone Technology, which guarantees full bladder emptying in a single free flow. This catheter is anticipated to revolutionize continence care, benefiting both catheter users and the healthcare industry as a whole.
The intermittent catheters market report table of contents includes:
1. Executive Summary
2. Intermittent Catheters Market Characteristics
3. Intermittent Catheters Market Trends And Strategies
4. Intermittent Catheters Market – Macro Economic Scenario
5. Global Intermittent Catheters Market Size and Growth
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31. Global Intermittent Catheters Market Competitive Benchmarking
32. Global Intermittent Catheters Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Intermittent Catheters Market
34. Intermittent Catheters Market Future Outlook and Potential Analysis
35. Appendix
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