Urinary Catheters Market Future Demand, Market Analysis & Outlook (2019-2026)
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
It is estimated that the CAGR (Compounded Annual Growth Rate) of the world market in the forecast period will reach 8.47%, and the total market value is expected to reach USD 2,412 million in 2026 from USD 1,365 million in 2019.
A urinary catheter is a hollow, partially flexible tube that collects urine from the bladder and leads to a drainage bag. Urinary catheters come in many sizes and types. They can be made of rubber, plastic (PVC) and silicone.
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Market Driver and Constraint
The rising geriatric population and increasing incidence of urinary incontinence are the major factors driving the demand for urinary catheters. Some other key factors such as availability of improved catheters, growing awareness amongst the public, and increasing cases of genital surgeries is expected to boost the market’s growth. Furthermore, the reimbursement policies related to catheters help expand the growth of the urinary catheters market.
Region-wise Analysis
The Asia-Pacific is the global market leader at a share of 36.58%. North America is currently leading Europe with a share of 25.74% and 22.63%. The Asia-Pacific dominated the market in 2018. This region is expected to maintain this trend during the forecast period owing to the improving infrastructure in emerging economies and the increasing interest of large players in this region. Emerging economies such as China and India are expected to provide growth opportunities for players in the urinary catheters market during the forecast period. The U.S. boasts the largest market share in North America due to the high prevalence of urology disorders, rising geriatric population, and reimbursement policies.
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Competition Analysis
The key market players that are involved in the urinary catheter market include Teleflex, Bard Medical, ConvaTec, B.Braun, Coloplast, AngioDynamics, Boston Scientific, Cook Medical Inc., Medtronic and Covidien, Hollister, Terumo, Amsino, Pacific Hospital Supply, Sewoon Medical, WellLead, Star Enterprise, Fuqing Medical, Medsuyun, Songhang, Sanli, Chensheng Medical, Haiou Medical, World Medical, Baihe, Tongda, Kelong Medical, Shuguang Jianshi, Bestway Medical, and Apexmed International.
Worldwide Urinary Catheters Market Based on Type
Male External Catheters, Intermittent Catheters, Foley Catheters, and Other.
Worldwide Urinary Catheters Market Based on Application
Spinal Cord Injury, Urinary Incontinence, Urinary Retention, and Prostate Gland Surgery
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Target Audience:
Healthcare organizations
Research & Clinical Laboratories
Urinary catheters manufacturers
Urinary catheters industry associations
Product managers, urinary catheters industry administrator, C-level executives of the industries
Distributors and resellers of urinary catheters
Market Research and consulting firms
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