What is the global market size of Urinary Catheter Market?

Urinary Catheter Market size was valued at USD 5.03 billion in 2021 and is poised to grow from USD 5.3 billion in 2022 to USD 8.7 billion by 2030, growing at a CAGR of 5.39% in the forecast period (2023-2030).

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 2024-2031

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

Urinary Catheter Market Insights

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).

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.

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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. '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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Urinary Catheter Market Insights

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