Overview and Scope
Urinary catheters are medical devices used to drain urine from the bladder when a person is unable to do so naturally. These tubes are inserted into the bladder through the urethra or a small surgical opening in the abdomen. Urinary catheters are commonly used in various medical situations for patients with urinary retention or incontinence or those who are bedridden and unable to use a toilet.
Sizing and Forecast
The urinary catheters market size has grown exponentially in recent years. It will grow from $5.18 billion in 2023 to $5.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to advancements in medical science, improved understanding of infection control, enhanced patient care standards, the rise of surgery and anesthesia, and the industrial revolution.
The urinary catheters market size is expected to see strong growth in the next few years. It will grow to $7.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to the aging population, increasing emphasis on infection control, growing healthcare expenditure, shift towards minimally invasive procedures and telemedicine, and remote patient monitoring. Major trends in the forecast period include the integration of digital health technologies, customized catheterization solutions, technological advancements, increasing partnerships, and strategic investments.
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Segmentation & Regional Insights
The urinary catheters market covered in this report is segmented –
1) By Type: Coated Catheters, Uncoated Catheters
2) By Application: Benign Prostate Hyperplasia And Prostate Surgeries, Urinary Incontinence, Spinal Cord Injury, Other Applications
3) By End-User: Hospital, Clinics, Long-Term Care Facilities, Other End-Users
North America was the largest region in the urinary catheters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the urinary catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising occurrence of chronic illnesses is expected to propel the growth of the urinary catheter market going forward. Chronic illnesses refer to long-term health conditions that persist over an extended period, often requiring ongoing management and treatment as they are generally not curable. The occurrence of chronic illnesses is due to aging population, unhealthy lifestyles, and the accessibility and infrastructure of healthcare. Urinary catheters are vital in enhancing the quality of life for individuals with chronic illnesses, ensuring better management of their symptoms, and reducing the risk of further health issues. For instance, in January 2023, according to the National Library of Medicine, a US-based biomedical library, the number of people 50 years of age and older who have at least one chronic illness is predicted to increase from 71.522 million in 2020 to 142.66 million in 2050, a 99.5% increase. Further, it is anticipated that the number of people with multimorbidity will grow from 7.83 million in 2020 to 14.96 million in 2050, a 91.16% increase. Therefore, the rising occurrence of chronic illnesses is driving the growth of the urinary catheter market.
Key Industry Players
Major companies operating in the urinary catheters market are Medtronic PLC, Becton Dickinson and Company, Boston Scientific Corporation, Medline Industries Inc., B. Braun Melsungen AG, Coloplast A/S, Cook Medical, Teleflex Incorporated, Cook Medical LLC, ConvaTec Group PLC, Hollister Incorporated, Amsino International Inc., Wellspect AB, WellLead Medical Co. Ltd., Applied Medical Technology Inc., Bactiguard AB, Dynarex Corporation, Pennine Healthcare Group Limited, Pacific Hospital Supply Co. Ltd., Cure Medical LLC, CompactCath Inc., Manfred Sauer GmbH, Poiesis Medical LLC, Hunter Urology Ltd., ROCAMED Medical Devices
The urinary catheters market report table of contents includes:
1. Executive Summary
2. Urinary Catheters Market Characteristics
3. Urinary Catheters Market Trends And Strategies
4. Urinary Catheters Market – Macro Economic Scenario
5. Global Urinary Catheters Market Size and Growth
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32. Global Urinary Catheters Market Competitive Benchmarking
33. Global Urinary Catheters Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Urinary Catheters Market
35. Urinary Catheters Market Future Outlook and Potential Analysis
36. Appendix
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