Market Overview

Key Findings of the Global Urinary Catheters Market| Technavio

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The latest market research report by Technavio
on the global
urinary catheters market
predicts a CAGR of above 5%
during the period 2018-2022.

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Technavio has published a new market research report on the global urinary catheters market from 201 ...

Technavio has published a new market research report on the global urinary catheters market from 2018-2022. (Graphic: Business Wire)

The report segments the global
urinary catheters market
by product (internal urinary catheters
and external urinary catheters), by end-user (hospitals, healthcare
centers, and home-care), and by geography (the Americas, EMEA, and
APAC). It provides a detailed illustration of the major factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

Here are some key findings of the global urinary catheters market,
according to Technavio
healthcare
and life sciences
researchers:

  • Rising geriatric population with urinary incontinence: a major market
    driver
  • Technological improvements in catheter design and use of biocompatible
    materials: emerging market trend
  • In 2017, the internal urinary catheters segment dominated the market
    by occupying almost 93% share
  • The Americas dominated the global urinary catheters market with 59%
    share in 2017
  • B. Braun Melsungen, C.R. Bard, Coloplast, Hollister, and Medtronic are
    the leading players in the market

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Rising geriatric population with urinary incontinence: a major market
driver

The demand for urinary catheters is growing due to the increasing
prevalence of chronic urological disorders such as urinary incontinence,
BPH, multiple sclerosis, and neurogenic bladder diseases. According to
the American Urological Association, one-third of men and women in the
US experience urinary incontinence.

Controlling the bladder sphincter muscle becomes difficult for people
above 65 years of age due to which urinary incontinence is most common
among people of such age group. It is also more prevalent in women when
compared with men. The growth of the global urinary catheters market can
be attributed to the increasing prevalence of BPH. The CDC states that
in 2010, 138,000 prostatectomy procedures were conducted in the US.
Urinary incontinence also leads to a significant financial burden on the
individual as well as the society. The global urinary catheters market
is expected to grow due to the increasing number of people with
urological disorders such as urinary incontinence, stress incontinence,
bladder obstruction and prostatitis, and prostatic hyperplasia.

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Technological improvements in catheter design and use of
biocompatible materials: emerging market trend

Design and development of novel medical devices that can be customized
as per patients' requirements are possible due to the growing
technological advances in the healthcare industry. Competitors focus on
different technological platforms, which has also led to the development
and availability of a broad range of urinary catheters with different
designs and sizes, thereby simplifying the catheterization process and
enhancing patient care.

According to a senior analyst at Technavio for research on urology
devices
, "Acknowledging the anatomical differences in women,
men, and pediatric patients, catheters are now available as gender
specific. Players in the market are concentrating on improving tip
designs, funnel length, and catheter size, to cater to the huge demand
from patients and caregivers."

Geographical landscape

The Americas dominated the global
urinary catheters market
with a market share of around 59%,
followed by EMEA and APAC. In North America, the US was the major
revenue contributor due to the availability of adequate reimbursements
from Medicare and Medicaid and awareness about the availability of a
broad range of urinary catheters in the market. Increasing prevalence of
urinary incontinence, growing geriatric population, and rising cases of
spinal cord injuries, dementia, or multiple sclerosis were the leading
factors that are contributing to market growth in the region.

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urinary catheters market
report free of cost

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