Global Urinary Catheters Market
Global Urinary Catheters market was valued at US $ XX Mn and expected to grow at 8.85% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Market Outline: Urinary Catheters Market
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Market Dynamics: Urinary Catheters Market
The Urinary Catheters market is expected to grow significantly during the forecast period, owing to the rise in a number of surgeries and high demand for minimally invasive procedures. In addition, increase in geriatric population base and rise in demand for sterile & disposable catheters supplement the market growth. Increasing prevalence of urinary diseases. Less invasive procedures are a cost effective alternative to open medical procedures owing to shorter hospital stays, minimal scarring and least post procedure complications boost the growing demand for Urinary Catheters globally. Increasing prevalence of disorders like Dural arteriovenous, aneurysm, and arteriovenous and chronic kidney diseases have increased the demand for Urinary Catheters Furthermore, increase in reimbursement levels and advancements in technology are expected to boost the market growth. However, inadequate quality assurance and price competition at domestic levels are expected to hamper this growth.
Market Scope: Urinary Catheters Market
Urinary Catheters market is segmented based on the product, type, material, application, end user and geography
Based on the product, the market is segmented into the following:
- Intermittent Catheters
- Condom Catheters
- Foley Catheters
Based on the type, the market is segmented into the following:
- Uncoated Urinary Catheters
- Coated Urinary Catheters
Based on the Material, the market is segmented into the following:
- Silicone Elastomer Coated Latex
- Hydrophilic Polymer Coated Latex
- Teflon Coated Latex
Based on the Application, the market is segmented into the following:
- Spinal Cord Injuries
- General Surgery
- Urinary Incontinence
- Benign Prostatic Hyperplasia
Based on the End User, the market is segmented into the following:
- Clinical Catheterization Hospitals
- Nursing Home
- Home care
- Ambulatory Surgical Centres
Based on Geography, the market is segmented into the following:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa.
Market Summary: Urinary Catheters Market
Worldwide, a large number of individuals suffer from cardiovascular, urological, and neurological disorders require hospitalization, which generally requires catheterization for the patients. According to the World Health Organization (WHO), more than 200 million individuals suffer from some form of bladder control problem that requires urinary catheterization. According to the National Health Service (NHS) of the U.K., approximately 3 million to 6 million people were suffering from some degree of urinary incontinence in the U.K. in 2013. As per current statistics of National Health and Nutrition Examination Survey (NHANES) and National Kidney Foundation, on an average one out of every eight adult American shows evidence of chronic kidney diseases (CKD). Several players in the market are investing heavily to develop differentiator products that will further intensify competition, especially among local players. Another noticeable growth trend in the market is acquisitions by means of which companies are not only expanding their shares but also strengthening their position across various geographies. for example, TE Connectivity Corporation, acquired Advanced Catheters in February 2015 to enhance its medical business and strengthen its position in the medical industry which is expanding at a fast pace.
Regional Analysis: Urinary Catheters Market
Geographically, global Urinary Catheters market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America holds the largest share in Urinary Catheters Market followed by Europe. Germany is dominating this market while the UK is the fastest growing Urinary Catheters market in Europe. The Asia Pacific is expected to witness robust growth in the forthcoming years owing to greater government support, a large geriatric population base suffering from urinary problems that call for immediate catheterization, higher income levels, and widespread awareness. Also, the Asia Pacific Urinary Catheters market is primarily driven by India and China..
Competition Assessment: Urinary Catheters Market
Some of the players in the global Urinary Catheters market include:
- Braun Melsungen AG (Germany)
- Coloplast A/S. (Denmark)
- Becton Dickinson & Co (USA)
- Teleflex Incorporation (USA)
- Boston Scientific Corporation (USA)
- Covidien Plc(Ireland)
- Hollister Incorporated (USA)
- CooK Medical. (USA).