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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