Global Male External Catheter Market: Overview
Catheter is a flexible tube which is inserted through a narrow opening into a body cavity, particularly the bladder, for removing fluid. Catheters are consistently improving in technologies and growing in the healthcare industry with their broader scope of applications. Rising incidence of various chronic diseases, cardiovascular and urological ailments, and diabetes has propelled demand for catheters across the health care industry. Catheters are used for diagnostic and treatment purposes in various therapeutic areas. For example, urological catheters are used in urology collection of uncontaminated urine specimen, monitoring of urine output, and imaging of the urinary tract.
Male external catheter, also known as condom catheters, are utilized by men to deal with urinary incontinence. Male external catheter contains flexible covering that slips over the penis similar to a condom. The sheath is usually made from latex rubber, vinyl, or silicone. Male external catheter are better alternatives to most invasive catheters such as indwelling catheters, which need to be inserted through the urethra. Moreover, a male external catheter is easy and direct to use, as it is simply rolled on to the penis. Male external catheter are convenient and simple to use for short period of time. These catheters need to be changed every 24 hours to 48 hours.
Global Male External Catheter Market: Drivers and Restraints
The global male external catheter market is expected to expand at a substantial pace due to increasing incidences of CAUTIs, primarily associated with indwelling catheters, researchers developed several alternatives such as intermittent and male external or condom catheters. Male external catheter are primarily the first choice for several patients who prefer self-catheterization, in cases of urinary incontinence or urine retention. Rising demand for minimally invasive procedures and devices across the world, high awareness, and affordability of the people, especially in developed economies, are projected to drive the male external catheter market during the forecast period. Condom catheters are prone to leakages, therefore, physicians and health care professionals prefer other alternatives such as intermittent catheters.
Global Male External Catheter Market: Key Segments
The global male external catheter market is segmented based on type, application, end-users, and region. In term of product, male external catheter market further bifurcated into disposable external catheters and repeatable external catheters. Based on end-user, the global male external catheter market is divided into hospitals, home care, and others.
In terms of geography, the global male external catheter market is categorized into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each region is sub-divided into countries such as the U.S., Canada, Germany, U.K., Brazil, China, India, Japan and GCC countries. North America dominated the global male external catheter market due to significant investment in R&D and development of advanced products. Asia Pacific is expected to be the most attractive male external catheter market during the forecast period due to rise in healthcare expenditure and rapidly increasing prevalence of various urologic diseases.
Global Male External Catheter Market: Key Players
Key players operating in the global male external catheter market are B. Braun Melsungen AG, Hollister Co., Coloplast Ltd, Cook Medical, Teleflex Incorporated, Medline Industries, Inc., Medtronic, and C. R. Bard, Inc. Major players are actively involved in various growth strategies such as collaborations, partnerships, agreements, and new product launches to gain competitive advantage over the male external catheter market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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