According to our new research study on “Urinary catheters Market Forecast to 2025- Global Analysis – by Product, Application, Gender, End User,” the market is expected to reach US$ 4,811.0 million in 2025 from US$ 2,526.8 million in 2017; it is estimated to grow at a CAGR of 8.6% from 2017 to 2025. The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the urinary catheters market is attributed to the technological advancements in the urinary catheters and increasing prevalence of urinary incontinence. However, availability of alternatives for the treatment of urinary incontinence and high risk of urinary tract infection associated with the use of catheters are the major factor hindering the market growth.
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Based on application, the urinary catheters market is segmented into urinary incontinence, bladder dysfunction, benign prostate hyperplasia, and spinal cord injury. The urinary incontinence segment held the largest market share in 2017, also the same segment is estimated to grow at the fastest rate during the forecast period. Rising incidences of urinary incontinence in the geriatric population offer lucrative opportunities for the growth of urinary incontinence segment.
The Urinary catheters market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Boston Scientific Corporation, Medtronic, ConvaTec Inc., Coloplast, Urocare Products, Inc., Cure Medical, LLC, Medical Techologies of Georgia, Bactiguard, B. Braun Melsungen AG, and Hollister Incorporated are among the leading companies operating in the urinary catheters Market.
Increasing Prevalence of Urinary Incontinence to Drive Urinary Catheters Market Growth
Urinary incontinence is the major problem associated with various other medical conditions. Urinary incontinence results from mild or occasional leaking to the uncontrolled chronic urination. This is the most common problem affect significant number of population across the globe. The chances of urinary incontinence are associated with various factors such as growing geriatric population, increasing rates of obesity, increasing prevalence of various chronic diseases such as cardiovascular diseases, prostate cancer, kidney diseases, multiple sclerosis, and diabetes, and stress related incontinence due to changing lifestyles.
Ageing population is poised to become one of the most significant transformation with a heavy impact on the social and economic level across the globe. These population is growing exponentially worldwide. According to the National Institutes of Health (2016), 617 million of the people worldwide are of aged 65 and over. The number of geriatric population is expected to grow significantly in Africa followed by North America, Latin America & the Caribbean, and Asia Pacific region. Urinary incontinence is a major and most common problem occur in the geriatric population associated with various other medical conditions such as multiple sclerosis, cerebral palsy, spinal cord injuries, prostate enlargement, and cancer. The burden of incontinence grows with the growing ageing population across the globe. According to a report published by CDC (2014), nearly 44% of people aged 65 and above reported with bladder incontinence in the US. Similarly, according to a report published by ageUK in 2018, a registered charity in the UK, there are around 3.2 million people aged over 65 are suffering from urinary incontinence.
The report segments urinary catheters market as follows:
- Intermittent Catheter
- Foley Catheter
- Condom Catheter
- Urinary Incontinence
- Benign Prostate Hyperplasia
- Bladder Dysfunction
- Spinal Cord Injury
- Male Urinary Catheters
- Female Urinary Catheters
By End- User
- Long-Term Care Facilities
- North America
- Rest of Europe
- Asia Pacific (APAC)
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South and Central America (SCAM)
- Rest of SCAM
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