The global urinary catheter market size was estimated to be US$ 5.2 billion in 2022 and is expected to reach US$ 9 billion by 2032 at a CAGR of 5.7%.
Rising prevalence of urinary incontinence, increasing number of surgical procedures, prevalence of chronic kidney disorders, expanding geriatric population, and increasing awareness regarding urinary catheters are the major factors driving the growth of global urinary catheters market.
The urinary catheters are primarily used to carry the urine from the bladder to the drainage when a person is incapable of urinating on his own. The loss of bladder control happens due to nerve damage, urinary incontinence, or urine retention due to blood clotting, and required external mechanism to remove the urine from the bladder.
Urine retention in the bladder leads to increased pressure on the kidneys and may eventually result in kidney failure. This has created awareness regarding the serious hazards of urine retention, thereby fueling adoption of urinary catheters in early stages. Additionally, increasing prevalence of urinary incontinence, increasing incidences of bladder cancers, prevalence of benign prostate hyperplasia (BPH), urinary retention and bladder retention are the major factors driving the adoption of urinary catheters around the globe. The global market is anticipated to witness prominent growth during the forecast period.
North America contributed the largest share to the global urinary catheter market owing to strong prevalence and increasing incidences of urinary incontinence, rising number of spinal disorders and spinal surgeries, and expending geriatric population. Presence of leading manufacturers, and new product launch are anticipated to drive the North America urinary catheters market during the forecast period.
Asia Pacific contributed a prominent share to the global urinary catheters market in 2019 and is anticipated to be the fastest growing segment during the forecast period owing to expanding geriatric population and increasing demand from home care applications. Prevalence of urinary incontinence is anticipated to increase due to expanding ageing population across major countries such as China, India, and South Korea, which is expected to bolster the growth of Asia Pacific urinary catheters market.
Additionally, the growing medical tourism in China, Singapore, and India for spinal surgeries is anticipated to fuel the demand for intermittent catheters during the forecast period.
The report titled “Urinary Catheter Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global urinary catheter market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Becton, Dickinson and Company reported revenues of USD 17.3 billion in 2019 and the product segment analysis of the company indicates that BD Medical business segment of the company dominated revenue in 2019.
The global urinary catheter market is segmented based on product type, application, gender, end user, and geography. Based on product type, the global urinary catheter market is segmented into indwelling catheters, intermittent catheters, and external catheters. Based on applications, the global urinary catheter market is segmented into benign prostate hyperplasia (BPH), urinary incontinence, spinal cord injury, and others. Based on gender, the global urinary catheter market is segmented into female urinary catheter, and male urinary catheter. Based on end user, the global urinary catheter market is segmented into hospitals, age care centers, home care, and others. Based on geography, the global urinary catheter market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on Urinary Catheter. Further, market share of prominent companies in the global Urinary Catheter market would also be estimated. For instance, Becton, Dickinson and Company operates through three business segments namely BD Medical, BD Life Sciences, and BD Interventional. The urinary catheters are delivered under BD Interventional business segment of the company with revenue contribution of US$ 3.9 billion in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the urinary catheter manufacturers. The global urinary catheter market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the urinary catheter business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global urinary catheter market.
Major players active in the global urinary catheter market include Amsino International Inc, B. Braun Melsungen AG, Becton, Dickinson and Company, Boston Scientific Corporation, C.R.Bard, Inc., Coloplast A/S, ConvaTec Group plc, Cook Medical Incorporated, Hollister Incorporated, J and M Urinary Catheters LLC, Medline Industries, Inc., Medtronic plc, and Teleflex Inc.
The Global Urinary Catheter Market Is Segmented:
Based on Product Type
Based On Applications
Based On Gender
Based On End User
Based On Geography
The urinary catheter market size is expected to reach US$ 9 billion by 2032.
The urinary catheter market is expected grow at a CAGR of 5.7% from 2023 to 2032.
The urinary catheter market size was estimated to be US$ 5.2 billion in 2022.
Major participants in the Urinary Catheter market industry comprise Amsino International Inc, B. Braun Melsungen AG, Becton, Dickinson and Company, Boston Scientific Corporation, C.R.Bard, Inc., Coloplast A/S, ConvaTec Group plc, Cook Medical Incorporated.
The primary reasons for the expansion of the global market for urinary catheters are the increasing number of surgical operations, the high incidence of chronic kidney diseases, a growing elderly population, and growing consumer knowledge of urinary catheters.
Copyright © 2023 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved