Urinary Catheter Market Trends

Urinary Catheter Market Driver

• The prevalence of urinary incontinence is common in the elderly population. The rise in the elderly population worldwide is expected to propel the urinary catheter market. According to the United Nations, the global elderly population (over the age of 65) is projected to double to 1.5 billion by 2050. People aged 60 and older make up 12.3% of the global population, and by 2050, that number will rise to almost 22%. Hence, such an increased prevalence of the severe disease is likely to create a wide scope for the growth of the market in the upcoming years.
• The rising occurrences of urethral blockages, benign prostate hyperplasia, and other urinary disorders in patients ranging from adults to the elderly, which are caused by a poor diet, sedentary lifestyle, and lack of exercise, present a golden opportunity for the urinary catheter market. Furthermore, it is estimated that 15 to 25% of hospitalized patients receive a urinary catheter each year. Similarly, foley catheters are required by 5-10% of nursing home residents.

Urinary Catheter Market Restraint

• The most prevalent hospital-acquired illness is urinary tract infection (UTI), and the majority of instances of nosocomial UTI are associated with an indwelling urinary catheter, limiting the growth of the urinary catheter. Among UTIs acquired in the hospital, approximately 75% are associated with a urinary catheter, which is a tube inserted into the bladder through the urethra to drain urine. Between 15-and 25% of hospitalized patients receive urinary catheters during their hospital stay. The most important risk factor for developing a catheter-associated UTI (CAUTI) is prolonged use of the urinary catheter.