Global Urinary Catheter Market

Urinary Catheter Market Size, Share, Growth Analysis, By Material(Silicone, Latex, Others), By Product Type(Indwelling Catheters, Intermittent Catheters, External Catheters), By Type(Short-Term, Long Term), By Application(Prostate Gl, Surgery, Urinary Retention, Urinary Incontinence), By Distribution Channel(Hospital, Retail Stores, Others), By Region - Industry Forecast 2025-2032

Report ID: SQSG35B2009 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 145 | Figures: 78

Urinary Catheter Market News

  • In May 2022, A novel urinary catheter is in the early phases of its first patient trial in the United Kingdom, with the goal of lowering nurse workload and patient suffering by minimizing the likelihood of blockages and infections.
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Urinary Catheter Market size was valued at USD 5.03 billion in 2019 and is poised to grow from USD 5.3 billion in 2023 to USD 8.7 billion by 2031, growing at a CAGR of 5.39% in the forecast period (2024-2031).

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. 'MEDLINE', 'COOK MEDICAL', 'B. Braun Melsungen AG', 'Coloplast A/S', 'ConvaTec Inc.', 'C. R. Bard, Inc. (now part of BD)', 'Hollister Incorporated', 'Teleflex Incorporated', 'Medtronic plc', 'Boston Scientific Corporation', 'Wellspect Healthcare (a Dentsply Sirona company)', 'Terumo Corporation', 'ROCAMED', 'Amsino International, Inc.', 'Aso LLC (now part of Hollister Incorporated)', 'Atlantic Medical Supplies cc', 'Plasti-med (Pty) Ltd.', 'Pacific Hospital Supply Co., Ltd.', 'Rusch (a part of Teleflex Incorporated)', 'Tyco Healthcare'

The prevalence of urinary incontinence is common in the elderly population. The rise in the elderly population worldwide is expected to propel the urinary catheter market. According to the United Nations, the global elderly population (over the age of 65) is projected to double to 1.5 billion by 2050. People aged 60 and older make up 12.3% of the global population, and by 2050, that number will rise to almost 22%. Hence, such an increased prevalence of the severe disease is likely to create a wide scope for the growth of the market in the upcoming years.

The urinary catheter market is predicted to grow significantly throughout the forecast period due to an increase in demand for hydrophilic intermittent catheters across geographies. An increase in the number of prostate surgeries; an increase in the prevalence of benign prostate hyperplasia, urinary incontinence, and spinal cord injuries; an increase in the geriatric population; and the implementation of favorable reimbursement policies for the use of intermittent catheters all contribute to the growth of the urinary catheters market.

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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Global Urinary Catheter Market

Report ID: SQSG35B2009

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