Urinary Catheters Market Size, Revenue Analysis, Opportunities, Trends, Product Launch, 2030
The Urinary Catheters Market size is expected to reach USD 3.38 Billion in
2030 and register a revenue CAGR of 5.4% over the forecast period, according to
the latest report by Reports and Data. Increasing demand for minimally invasive
surgical procedures and rising incidences of Benign Prostatic Hyperplasia (BPH)
are factors driving revenue growth of global urinary catheter market.
A
urinary catheter is a flexible tube used to empty the bladder and collect
urine in a drainage bag. Urinary catheters are usually made of rubber,
silicone, latex, and polyurethane. Urinary catheters are used in the case of
urinary retention, urinary incontinence, prostate surgery, multiple sclerosis,
spinal cord injury, dementia, and others. It can also be used to empty the
bladder before or after surgery and to help perform certain tests.
The
global Urinary Catheters market research report provides a brief overview
inclusive of competitive landscape and key developments in the market. It
provides an extensive study analysis of the strategic alliances such as mergers
and acquisitions, joint ventures, collaborations, product launches and brand
promotions, corporate deals and partnerships, among others. It also offers
insights into company overview, financial standing, business expansion plans,
and revenue growth of each company. It also sheds light on product advancement,
technological developments, and research and development activities.
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Some
Key Highlights from the Report:
- Hospitals
segment accounted for a significantly large revenue share in 2021 and is
expected to register a rapid growth rate during the forecast period owing
to an increasing number of patients getting hospitalized. Hospitals also
have their own diagnostic center in various areas, which also requires
catheters for diagnosing and imaging-related purposes. Catheters are also
used after operation to remove fluid and blood from the body. In addition,
an increase in government spending on building developed healthcare
infrastructure has led to increase in number of hospitals in emerging
countries. Moreover, increase in the number of women suffering from
Urinary Tract Infections (UTIs) has increased demand for the catheters in
hospitals and is expected to drive market growth during the forecast
period.
- Urinary
incontinence segment accounted for largest market revenue share in 2021
and is expected to register steady growth rate during the forecast period.
This is owing to increasing cases of UTIs and other medical conditions
such as stroke, paralysis, mobility impairment, and cancer. Urge
incontinence and stress are the most common types of urinary incontinence
found in women these days. Functional urinary incontinence occurs when
there is a lack of mobility in reaching the bathroom in severe arthritis
or bedridden cases, which is driving growth of the market.
- Market in
North America accounted for largest revenue share in 2021 owing to
increasing awareness about UTIs, presence of highly skilled professionals,
and well-established medical equipment manufacturing companies such as
ConvaTec Inc., Teleflex Incorporated, and others in this region.
- In February
2021, Minnesota Medical Technologies Corporation, which is a medical
device manufacturing company based in Stewartville, U.S., and Wellspect
Healthcare, had come into agreement for the distribution of fecal
incontinence insert developed by Minnesota Medical across Europe.
Key
Players:
Companies
profiled in global market report include B. Braun Melsungen AG, Boston
Scientific Corporation, Coloplast, ConvaTec Inc., Becton, Dickinson and Company,
Cardinal Health, Teleflex Incorporated, Wellspect Healthcare, Medical
Technologies of Georgia, and J and M Urinary Catheters, LLC.
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Key
Questions Addressed in the Report:
- What is the
expected revenue growth rate the global Urinary Catheters market
is expected to register during the forecast period?
- What are the
key growth driving factors of Urinary Catheters market?
- Who are the
leading players in the market?
- What are the
key outcomes of SWOT analysis and Porter’s Five Forces analysis?
- Which region
is expected to account for the largest market share in the
global Urinary Catheters
An
extensive analysis of the global market is included in the report which covers
different factors from region-centric key statistical data to macro- and
micro-economic factors that are crucial for forecast assessment. The study also
offers a comprehensive analysis of the growth prospects, patents, technological
advancements, and product launches in the market.
Market
Segmentation:
Regional
Outlook (Revenue, USD Million; 2019–2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
& Africa
Type
Outlook (Revenue, USD Million; 2019–2030)
- Coated
Catheters
- Uncoated
Catheters
- Others
End-use
Outlook (Revenue, USD Million; 2019–2030)
- Hospitals
- Long-term
Care Facilities
- Others
Product
Outlook (Revenue, USD Million; 2019–2030)
- Indwelling
Catheters
- Intermittent
Catheters
- External
Catheters
- Others
Application
Outlook (Revenue, USD Million; 2019–2030)
- Urinary
Incontinence
- General
Surgery
- Benign
Prostatic Hyperplasia (BPH)
- Others
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Key
Points Addressed in the Report:
- A detailed
analysis of the global Urinary Catheters market through
assessment of key market aspects such as technology, product type,
application, end-use, and overall industry dynamics.
- Qualitative
and quantitative analysis of the market estimation and CAGR calculation
for the forecast period.
- All-inclusive
assessment of market dynamics with emphasis on drivers, restraints,
opportunities, and limitations.
- Extensive
profiling of key companies operating in the market including company
overview, financial standing, product offerings, product portfolio, recent
product and technological advancement, and business expansion plans.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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