Urinary Catheters Market to grow at a Significant Rate During the Forecast Period
Increasing cases of urination problems is driving the Global Urinary Catheters Market growth in the forecast period, 2022-2026.
According to TechSci Research report, “Global Urinary Catheters Market By Product (Indwelling Catheters, Intermittent Catheters, External Catheters) By Type (Coated v/s Uncoated) By Usage (Male v/s Female) By Application (Urinary Incontinence, General Surgery, Benign Prostatic Hyperplasia, Others) By End User (Hospitals & Clinics, Long-Term Care Facilities, Others) By Company By Region, Competition Forecast & Opportunities, 2026”, the global urinary catheters market is anticipated for an impressive boost in the upcoming five year, 2022-2026. The market has shown a consistent growth with influential CAGR in past five years until 2019. Anticipated growth of the market stands on the backbone of increasing cases of urological disorders, and urinary retention, etc. Moreover, government reimbursement policies toward the device implantations and increasing interest of cutting edge technology in the catheters is driving the growth of the global urinary catheters market in the upcoming five years, 2022-2026.
Global urinary catheters market is segmented by product, type, usage, application, end user, and regional distribution. Based on type the market is further fragmented into coated ad uncoated type of catheter. Coated catheters are more preferrable over uncoated catheters for their property of coatings that secures the patient from bacterial infections and mucosal irritations.
Due to the onset of COVID-19 and imposition of complete lockdown to mitigate the coronavirus, there has been shutdown of many manufacturing units and disruption in the supply chain resulting in interrupted production and lesser supply of the urinary catheters all around the globe. Also, the economy has been adversely affected in many countries resulting in the hinderance to the growth of the urinary catheters market. However, after relief from lockdown, market is again going to pick up pace to grow significantly.
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Based on application, the market is fragmented into urinary incontinence, general surgery, benign prostatic hyperplasia, and others. Urinary incontinence is anticipated to dominate the market in the forecast period, as it has shown its dominance in the last five years too. The growth of the segment is on account of increasing long-term care facilities for the rising geriatric population. Also, urinary incontinence cases are on a constant rise in North American region, along with the increasing cases of urinary disorders and urge incontinence among women is driving the growth of the market to multiple folds in the forecast period, 2022-2026.
Moreover, government is spreading the awareness regarding the availability of the urinary catheters, continuous advancement in the technology of these devices is forcing the end users to continuously upgrade their devices thus driving the growth of the orthopedic market. Also, government reimbursement for the orthopedic treatment plans will fuel the adoption of these devices for a painless treatment thus driving the forecast growth of the global urinary catheters market.
Some of the major competitors in the market are B. Braun Melsungen AG, Boston Scientific Corporation, Coloplast Ltd., Becton, Dickinson, and Company, Cardinal Health, Inc., Teleflex Incorporated, Wellspect HealthCare AB, Cook Medical Incorporated, Degania Silicone Ltd., Go Medical Industries Pty Ltd., Cure Medical, LLC, Urocare Products, Inc., J and M Urinary Catheters LLC., CompactCath, Inc., Ribbel International Limited, among others. The companies are focusing on extensive research and developments activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships.
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“North America region is a well settled market and the growth in the region is because of the well-established health industry in the region. Skilled doctors and presence of excellent healthcare industry are boosting the market. Asia-Pacific region is a growing market and increasing cases of BPH, spinal code injury, and UTI infections would support the growth in the developing countries of the region. New investors can focus on the region for future market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Urinary Catheters Market By Product (Indwelling Catheters, Intermittent Catheters, External Catheters) By Type (Coated v/s Uncoated) By Usage (Male v/s Female) By Application (Urinary Incontinence, General Surgery, Benign Prostatic Hyperplasia, Others) By End User (Hospitals & Clinics, Long-Term Care Facilities, Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of Global Urinary catheters and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Urinary catheters.
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