Urinary Catheters Market is expected to reach US$ 4,811.0 million by 2025

Urinary Incontinence Segment to Hold Major Urinary Catheters Market Share During 2020–2025

According to our new research study on "Urinary Catheters Market Forecast to 2025 – COVID-19 Impact and Global Analysis – by Product, Application, Gender, and End User," the market was valued at US$ 2,888.1 million in 2019 and is expected to reach US$ 4,811.0 million by 2025; it is estimated to record a CAGR of 8.6% from 2020 to 2025. The report highlights the trends and drivers prevailing in the market.

Urinary catheters are flexible tubes that are utilized to empty the bladder and collect the urine in a drainage bag. These catheters are majorly used by the doctors for the patients having difficulty in natural urination and before or after the surgical process to empty the bladder.

Urinary Catheters Market, by Region, 2017 (%)

Based on application, the urinary catheters market is segmented into urinary incontinence, bladder dysfunction, benign prostate hyperplasia, and spinal cord injury in 2017. Urinary incontinence segment held the largest share of the market, by application and is expected to grow at the fastest rate during the coming years owing to the increasing incidences of urinary incontinence in the geriatric population. Urinary incontinence also known as involuntary urination is a medical condition which cause uncontrolled leakage of urine. This is a symptom associated with various other health related problems. Urinary incontinence is more common among women than men. According to a study by the American Urological Association (AUA) it was estimated that 30% of females of the age group 30-60 suffered from urinary incontinence compared to 1.5-5% of males. Moreover, urinary incontinence is one of the major problems affecting the geriatric population. According to a report of United Nation (2017), the number of people aged 60 or over were 962 million in 2017 which was estimated to reach 2.1 billion by 2050. The rapid growth in the geriatric population is also expected to increase the burden of urinary incontinence. This also expected to fuel the growth of the overall urinary catheters market.

There are majorly three types of urinary catheters are utilized for managing the urinary incontinence namely, foley catheters, intermittent catheters, and suprapubic catheters. The rising patient population in the hospitals and long-term care facilities and increasing number various surgical procedures lead to urinary incontinence also expected to drive the demand of urinary catheters in the market. All the above-mentioned factors are responsible for the growth of the urinary catheters market globally.

Impact of COVID-19 Pandemic on Urinary Catheters Market

The COVID-19 pandemic had a positive impact on the catheters market. According to National Center for Biotechnology Information (NCBI), in 2020, both urinary catheter and central line Standardized Utilization Ratio (SUR) increased during the COVID-19 outbreak. Moreover, the pandemic has brought attention to the critical need for infection prevention. As a result, several manufacturers are developing products such as coated urine catheters with temperature monitoring for ICU patients as stronger protection against secondary infections. This is expected to propel the market growth. For instance, in February 2021, Health Canada approved Bactiguard's urine catheter with a temperature sensor for infection prevention. The COVID-19 pandemic prompted the approval because Bactiguard's catheters can lower the incidence of secondary infections in critically ill patients, boosting the market growth.

Coloplast; Hollister Incorporated; Boston Scientific Corporation; Medtronic; Urocare Products, Inc.; BD (C.R. Bard), ConvaTec Inc.; Cure Medical, LLC; and B. Braun, Melsungen AG; and Bactiguard are among the several players engaged in addressing the growing demands for urinary catheters.

The report segments the Urinary Catheters Market as follows:

Based on product, the urinary catheters market is segmented intermittent, foley, and condom catheters. Based on application, the urinary catheters market is segmented into urinary incontinence, bladder dysfunction, benign prostate hyperplasia, and spinal cord injury. Based on gender was segmented into male urinary catheters and female urinary catheters. Based on end user, the global urinary catheters market is divided into hospitals, long-term care facilities, and others. Based on geography, the wound care market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com