USD 4.8 billion
Report ID:
SQMIG35A2594 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
37
|Figures:
74
Urinary Catheters Market size was valued at USD 2.2 billion in 2022 and is poised to grow from USD 2.32 billion in 2023 to USD 3.59 billion by 2031, growing at a CAGR of 5.6% during the forecast period (2024-2031).
The main growth drivers of the market include the continuously aging population, growing patients with cases of blockages in the urethra or urinary tract infections, and high incidence rates of cancers involving the reproductive or urinary tract. A rather flexible tube that is used to drain out the bladder is called a urinary catheter. These catheters are made of silicon, rubber, and plastic. In cases of urine incontinence (UI), urinary retention, prostate surgery or other diseases like multiple sclerosis, dementia, or spinal cord injury, doctors suggest the use of urinary catheters. To minimize the risk of transmission of COVID-19, governments of the whole world also advise the patients suffering from urological diseases to have teleconsultation services. Online therapy has become highly in demand among patients regarding health issues. For those who are unable to visit medical institutions to seek their appropriate treatments, many market players are opening online platforms that can offer advice and counseling. Main drivers of demand for the product globally is the incidence of urological diseases that bring about bladder dysfunction is increasing. The diseases include kidney stones, benign prostatic hyperplasia, urine retention, cystitis, and urinary incontinence. Catheterization for urine control and drainage will be need with more cases of patients with various urinary dysfunctions.
Global Market Size
USD 4.8 billion
Largest Segment
indwelling catheters
Fastest Growth
indwelling catheters
Growth Rate
5.4% CAGR
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Global Urinary Catheters Market is segmented by Product, Type, Usage, Application, End User and region. Based on Product, the market is segmented into Indwelling Catheters, Intermittent Catheters, External Catheters. Based on Type, the market is segmented into Coated Catheters, Uncoated Catheters. Based on Usage, the market is segmented into Male Urinary Catheters, Female Urinary Catheters. Based on Application, the market is segmented into Urinary Incontinence, General Surgery, Benign Prostatic Hyperplasia, and Other Applications. Based on End User, the market is segmented into Hospitals, Long-Term Care Facilities, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
As of 2023, the intermittent catheters segment managed to record a revenue share of more than 57.5% in the market. An intermittent catheter is just a type of medical device that may be used to empty the bladder. It offers a sensible treatment for a catheter that just does not quit draining. Intermittent catheterization ranks as the gold standard in the treatment of bladder emptying for individuals with spinal cord injuries and neurogenic bladder conditions. In the case of indwelling catheters, which result in UTIs, substitute products are used instead. Moreover, funding of the catheters through Medicaid and Medicare programs is further bolstering the growth of the segment.
In the forecast period, external catheters are expected to grow at the fastest pace among all the product types. For male patients, these catheters are the best substitute to other catheters that must be inserted into the urethra, which must be done conventionally. Furthermore, where urine or UI retention is in the picture, male external catheters are the favorite for most patients who prefer self-catheterization. Moreover, the catheters come in different sizes and shapes, hence giving users a wide range based on their need. There are also advanced external catheter devices that are offered by key corporations. BD (C.R. Bard) offers a separate line of male catheters besides non-silicon sheaths, such as the ULTRAFLEX male external catheter, which helps in safe implantation.
Analysis by Gender
As urinary retention problems and the resultant health issues are higher in men, the urinary catheters' market share is much higher among males. Usually, urinary catheters become necessary for short-term and extended conditions management, including benign prostatic hyperplasia (BPH), prostate cancer, and neurological diseases. This is another demand for catheterization since this surgery is more predicted to happen in males. While there are many intermittent and indwelling kinds of catheters designed especially for men. This market segment is likely to remain at the top for as long as healthcare professionals realize the significance of proper management for male urinary health.
Urinary catheter market growth is being witnessed at the fastest pace among women, primarily because of growing awareness and acceptance of catheterization among women. This growth is due to the increasing cases of urinary tract infections, urinary incontinence, and other related diseases. More women are looking for answers to these problems, and thus, the demand for female-specific catheters, as they promise comfort and ease, is also increasing. Innovation in product design-in the form of catheters that offer sanitary and discreet alternatives and so on-increases their appeal. There is also a growing awareness among the healthcare professionals about the necessity to care for the female urinary health, which translates to more targeted marketing and education towards catheterization among females and support market growth.
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North America garnered a revenue share of over 34.4% in 2023 and is expected to increase multifold in the future. The regional market is currently showing high growth attributed to the increasing incidence of targeted diseases including bladder obstruction, UI, Benign Prostate Hyperplasia (BPH), urine retention, and bladder cancer. According to the National Association for Continence, Urine urgency and Overactive Bladder (OAB) are common to people 40 years of age and older. According to the American Society of Nephrology, urologic disorders account for approximately 47% of all physician visits and are ranked as the third most common complaint among Americans aged 65 and older.
Asia-Pacific is expected to grow at the fastest pace during the forecast period among regional markets. This regional market is driven by an increasing incidence of UTI, BPH, and spinal cord injury. In this region, urinary tract infections are among the most common infectious disorders. This has major financial implications in the community and is associated with high morbidity and mortality rates, especially in hospitals. Therefore, factors such as constipation, vaginal deliveries, parity, obesity, surgery, and chronic respiratory issues have been driving this market in Asia-Pacific, along with increasing risks of UTI, especially amongst older women. In addition, increasing government spending along with investment by key market players and awareness programs through various organizations are expected to drive the growth of the market during the forecast period. For instance, the Urological Society of India designed guidelines for awareness on urine incontinence across the nation. It is on the same basis that the Korean Incontinence Society is making efforts to raise awareness regarding issues related to urology and the lower urinary tract and the pelvic floor in South Korea. Therefore, all these factors are anticipated to drive the market through the forecast period.
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Drivers
Rising Urinary Disorder Incidence
Technological Advancements
Restraints
Risk of Complications
High Costs of Urinary Catheterization
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The global urinary catheters market is quite competitive and relatively fragmented. Some of the major names in the sector include CR Bard, Cook Group, Medline Industries, ConvaTec Group Plc, and B Braun. These large companies offer a vast array of products for different purposes. Because silicone provides such a wide range of functions, there has been a significant shift on the major players from latex to silicone. These companies cover virtually every application within the urology market through their very large product line.
Top Player’s Company Profiles
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 by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global market is experiencing significant growth due to factors such as the rising prevalence of urinary disorders, increasing geriatric population, and advancements in healthcare infrastructure. Urinary catheters are widely used medical devices to manage urinary incontinence and other related conditions. The market is witnessing a shift towards minimally invasive and technologically advanced catheters, such as intermittent catheters and hydrophilic-coated catheters, which offer improved comfort and reduced risk of infection. Additionally, the growing demand for home healthcare settings and the increasing awareness about catheter-associated urinary tract infections (CAUTIs) are driving the adoption of innovative catheter solutions. The market is highly competitive, with key players focusing on product development and strategic collaborations to gain a competitive edge in the market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.2 billion |
Market size value in 2031 | USD 3.59 billion |
Growth Rate | 5.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 Catheters 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 Catheters 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 Catheters Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Urinary Catheters 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: SQMIG35A2594
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