USD 5.03 billion
Report ID:
SQSG35B2009 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
145
|Figures:
78
Urinary Catheter Market size was valued at USD 5.3 Billion in 2023 and is poised to grow from USD 5.59 Billion in 2024 to USD 9.17 Billion by 2032, growing at a CAGR of 5.39% during the forecast period (2025-2032).
Some of the key variables driving urinary catheter market expansion are an increase in the incidence of urinary tract infections (UTIs) and urethral blockages, increased incidences of malignancies in the urinary system or reproductive organs, and a rapidly growing elderly population. A urinary catheter is a semi-flexible tube that is used to empty the bladder of urine. These catheters are made of a variety of materials, including plastic, rubber, and silicon. Patients with urine incontinence (UI), urinary retention, prostate surgery, or other medical conditions such as spinal cord damage, multiple sclerosis, or dementia may benefit from urinary catheters.
US Urinary Catheter Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.03 billion
Largest Segment
Latex
Fastest Growth
Silicon
Growth Rate
5.39% CAGR
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The Global Urinary Catheter Market is segmented based on the Material, Product Type, Type, Application, Distribution Channel, and region. Based on the Material, the Global Urinary Catheter Market is segmented as Silicone, Latex, and Others. Based On Product Type, the Global Urinary Catheter Market is segmented into Indwelling Catheters, Intermittent Catheters, and External Catheters. Based on Type, the Global Urinary Catheter Market is segmented into Short-term Foley Catheters and Long-term Foley Catheters. Based on the Application, the Global Urinary Catheter Market is segmented into Prostate Gland Surgery, Urinary Retention, Urinary Incontinence, and Spinal Cord Injury. Based on the Distribution Channel, the Global Urinary Catheter Market is segmented as Hospital, Retail Stores, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Urinary Catheter Market Analysis by Material
The Global urinary catheter market is segmented into Silicone, Latex, and Others. Latex catheter dominates the catheter market, but in recent years, it shows companies are entering silicon catheters as it has less encrustation when compared to latex and is more tissue friendly. Latex has been demonstrated to induce contact dermatitis, hypersensitivity, and anaphylaxis in certain people. Latex-related allergy responses are becoming increasingly common.
Urinary Catheter Market Analysis by Product Type
The Global urinary catheter market is segmented into Indwelling Catheters, Intermittent Catheters, and External Catheters. The Intermittent type catheters dominate the urinary catheter market and continue to dominate throughout the forecasted period. The dominance is attributed due to the advantages of intermittent over indwelling catheterization, including a lower risk of urinary tract infections, greater patient autonomy, and improved quality of life.
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North America held the largest share of the global urinary catheter market, and this trend is expected to continue over the forecast period. The United States is also the region's fastest-growing country, followed by Canada. Because the United States spends significantly more on healthcare than the rest of the world, it is expected to maintain its supremacy in this sector. Because of the presence of populous developing countries such as India and China, the Asia Pacific is expected to be the fastest-growing region. Urinary catheters remain highly concentrated in the Asia Pacific, with a few major hygiene businesses dominating the market. This supremacy, however, is expected to shift as incontinence becomes more mainstream.
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Urinary Catheter Market Driver
Urinary Catheter Market Restraint
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The Global Urinary Catheter market is relatively fragmented, with a high level of competition. Some of the prominent players operating in the market are CR Bard, Cook Group, Medline Industries, ConvaTec Group Plc, and B Braun among others. These key players provide a broad product portfolio range serving a wide range of applications. A significant shift of the key players from latex to silicone has been observed in the key players attributing to a wide range of features offered by silicone. With their wide range of products, these players serve almost all applications in the urology segment.
Urinary Catheter Market Top Player's Company Profiles
Urinary Catheter Market 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 utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Urinary Catheter Market Analysis, Latex catheter dominates the catheter market, but in recent years, it shows companies are entering silicon catheters as it has less encrustation when compared to latex and is more tissue friendly. The Intermittent type catheters dominate the urinary catheter market and continue to dominate throughout the forecasted period. The dominance is attributed due to the advantages of intermittent over indwelling catheterization, including a lower risk of urinary tract infections, greater patient autonomy, and improved quality of life.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 5.03 billion |
Market size value in 2031 | USD 8.7 billion |
Growth Rate | 5.39% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
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 Urinary Catheter 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 Urinary Catheter 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 Urinary Catheter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Urinary Catheter 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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Report ID: SQSG35B2009
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