USD 4.8 billion
Report ID:
SQMIG35A2594 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
37 |
Figures:
74
Global Urinary Catheters Market size was valued at USD 4.8 billion in 2021 and is poised to grow from USD 5.2 billion in 2022 to USD 7.92 billion by 2030, growing at a CAGR of 5.4% in the forecast period (2023-2030).
The Global Urinary Catheters market is witnessing significant growth due to factors such as the increasing prevalence of urinary incontinence, urinary retention, and other urological disorders.
The rising geriatric population, growing awareness about healthcare, and technological advancements in catheter design are also driving market growth.
Moreover, the increasing demand for minimally invasive procedures and the availability of a wide range of catheter types and materials are further contributing to market expansion.
However, factors such as the risk of catheter-associated infections, strict regulatory requirements, and the availability of alternative treatment options pose challenges to market growth.
Nonetheless, the market is expected to continue growing due to ongoing research and development activities focused on improving catheter materials, reducing complications, and enhancing patient comfort and quality of life.
Global Market Size
USD 4.8 billion
Largest Segment
indwelling catheters
Fastest Growth
indwelling catheters
Growth Rate
5.4% CAGR
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The global urinary catheters market is segmented by type, application, and region. Based on type, the market can be segmented into indwelling catheters, intermittent catheters, external catheters, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The dominant sub-segment of the type segment is indwelling catheters, also known as Foley catheters. Indwelling catheters are inserted into the bladder and remain in place for a longer duration. They are commonly used in hospital settings and for patients with urinary retention or incontinence. Indwelling catheters provide continuous drainage and are available in different sizes and materials.
The fastest growing sub-segment in the testing type of urinary catheters is intermittent catheters. Intermittent catheters are inserted into the bladder to drain urine and then removed immediately after use. They are often used by patients who can manage their own catheterization and require periodic drainage. Intermittent catheters offer convenience, reduce the risk of infections, and promote better bladder control. The increasing awareness of self-catheterization and the preference for less invasive options have contributed to the growth of the intermittent catheters sub-segment in the market.
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One dominant region in the global urinary catheters market is North America. This region holds a significant market share due to the presence of advanced healthcare infrastructure, a large patient population, and high healthcare expenditure. The United States, in particular, is a key market in North America, driven by favorable reimbursement policies, high awareness about urinary catheters among healthcare professionals, and the increasing prevalence of urinary incontinence and related disorders.
One of the fastest-growing regions in the market is the Asia Pacific. This region is experiencing rapid growth due to factors such as a large geriatric population, increasing prevalence of urinary disorders, improving healthcare infrastructure, and rising healthcare expenditure. Countries like China and India are witnessing a surge in demand for urinary catheters as a result of the growing awareness about urological disorders and an increasing number of surgical procedures. Additionally, advancements in healthcare technologies and the availability of cost-effective urinary catheter options are further contributing to the market growth in the Asia Pacific region.
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Drivers
Increasing Prevalence Of Urinary Incontinence And Urinary Retention Disorders
Restraints
Risk Of Catheter-Associated Urinary Tract Infections (Cautis)
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The market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Urinary Catheters. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global market is experiencing significant growth due to factors such as the rising prevalence of urinary disorders, increasing geriatric population, and advancements in healthcare infrastructure. Urinary catheters are widely used medical devices to manage urinary incontinence and other related conditions. The market is witnessing a shift towards minimally invasive and technologically advanced catheters, such as intermittent catheters and hydrophilic-coated catheters, which offer improved comfort and reduced risk of infection. Additionally, the growing demand for home healthcare settings and the increasing awareness about catheter-associated urinary tract infections (CAUTIs) are driving the adoption of innovative catheter solutions. The market is highly competitive, with key players focusing on product development and strategic collaborations to gain a competitive edge in the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4.8 billion |
Market size value in 2031 | USD 7.92 billion |
Growth Rate | 5.4% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Urinary Catheters Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Urinary Catheters Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Urinary Catheters Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Urinary Catheters Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Product ID: SQMIG35A2594