Global Urinary Catheters Market: Snapshot
Urinary catheter is a hollow and moderately flexible tube which collects urine from the bladder and transfers to a drainage bag. Urinary catheters are available in numerous sizes and types. Generally they are made from rubber, silicone, and plastic (PVC). Catheters are used when the patients are not able to empty their bladder by themselves and storage of urine for longer duration which may lead to build pressure on the bladder. This pressure can be major reason for the kidney failure or permanent damage to the kidney.
Transparency Market Research (TMR) estimates, the global urinary catheters market was registered the revenue of about US$3,130.7 mn in 2016 and is expected to expand at a steady CAGR of 5.3% over the forecast period from 2017 to 2025 to attain the value of around US$5,003.1 mn in 2025.
From past few years, the medical devices industry, pharmaceutical, and biotechnology are experiencing high development. This development has led the growth of the urinary catheters market. Additionally, increasing geriatric population and increasing occurrence of the urinary incontinence, increasing awareness for the hygiene in developing countries are driving growth of the global urinary catheters market.
In addition, technological advancements and rising healthcare expenditure, and numerous favorable reimbursement policies for urinary catheterization is boosting adoption of the urinary catheters from numerous hospitals, ambulatory surgery centers, specialty clinics, and healthcare providers.
Global Urinary Catheters Market: Segments
The global urinary catheters market is segmented on the basis of product type and region. On the basis of product type, the market is segmented in to Foley catheters, intermittent catheters, and male external catheters. Among these, the intermittent catheters segment accounted for the leading share of 44.0% in 2016. This growth is attributable to the high adoption of the intermittent catheters as they are less likely to acquired urinary tract infection (CAUTI). The factors such as low cost of catheterization, ease of handling, and fewer side effects are boosting its adoption in numerous hospitals thanks to these factors, the market is expected to expand with a CAGR of 4.8% over the forecast period.
Some of the advancements in the catheter and introduction of improved product with higher efficient and less invasive catheters that are in the pipeline are expected to create lucrative opportunities for the key players in the global urinary catheters market.
Global Urinary Catheters Market: Regional Analysis
On the basis of region, the global urinary catheters market is segmented in to North America, Asia Pacific, Europe, the Middle East and Africa (MEA), and South America. Of these, North America dominates the global urinary catheters market with the share of 44.9% in 2016. The region is well-established market for the pharmaceutical and biotechnology industry and it is expected to continue its dominance with increasing research activities.
Global Urinary Catheters Market: Competitive Landscape
Some of the key players operating in the global urinary catheters market includes TE Connectivity Corporation, B.Braun Melsungen AG, C.R. Bard Inc., Coloplast, Boston Scientific Corporation, Cook Medical, Medtronic plc, ConvaTec Inc., Hollister Incorporated, CURE MEDICAL LLC, and Teleflex Incorporated.
Global Urinary Catheters Market: Overview
Urinary catheters find applications among patients suffering from various urinary disorders such as urinary incontinence and urinary retention, and among patients who have undergone genital or prostrate surgery or suffering from disorders such as multiple sclerosis and neurological disorders such as Parkinson’s disease and dementia. Urinary catheters have been primarily classified into three major segments: intermittent, indwelling and male external urinary catheters. Rising prevalence of urinary incontinence and other urinary disorders, aging population, demand for minimally invasive procedures and various other factors would contribute to the growth of the market. The report consists of an executive summary that provides information about the products, its segments along with a market snapshot and comparative analysis by geography, in terms of revenue %, for 2016.
Global Urinary Catheters Market: Scope of Study
A detailed overview of market dynamics, including the drivers, restraints, and opportunities of the Urinary catheters market, along with porter’s analysis, value chain analysis, of the global market, has been provided in this report. Market revenue analysis for all the above mentioned segments has been provided for the forecast period of 2017-2025, considering 2016 as the base year, and 2015 as the historical year, along with compound annual growth rate (CAGR %), for the forecast period of 2017-2025. Market share estimations were based on in-depth analysis and study of products, and their features etc.
This report provides in-depth analysis of the urinary catheters market. The stakeholders for this report include companies involved in the manufacturing of urinary catheters. Executive summary section is included snapshot on stakeholders in this report, which summarizes the market size, trends and competition in different regions. Market players and Market share analysis is analyzed to signify percentage share of the major players operating in the urinary catheters market. Furthermore, the report includes market attractiveness analysis by geography that depicts the most attractive and significant region in the global market in 2016.
The research methodology is a combination of primary and secondary research. Primary research includes information collected via e-mails, and telephonic interviews of key opinion leaders (KOL), and forms the bulk of our research. Secondary research includes information collected from various sources, by study of company websites, annual reports, stock analysis presentations, press releases, and various national and international databases.
Global Urinary Catheters Market: Market Segmentation
Based on product type, the urinary catheters market has been segmented into intermittent catheters, Foley Catheters, and male external catheters. Intermittent catheter is growing at a CAGR of 6.0% from 2017 to 2025 due to it several advantages and application. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions are further segmented into major countries which include, U.S., Canada, Germany, U.K., France, Italy, and Spain, rest of Europe, China, Japan, India, Australia, Rest of Asia Pacific, Brazil, Mexico, Rest of Latin America, Saudi Arabia, South Africa, and Rest of Middle East & Africa. The report also comprises list of major players in the market, their SWOT analysis, market share of these players in the urinary catheters market, key business strategies, product portfolios, and recent developments. Key market players profiled in this report include, TE Connectivity Corporation (AdvancedCath), B. Braun Melsungen AG, Boston Scientific Corporation, C. R. Bard, Inc., Coloplast, Cook Medical, Medtronic Plc, Hollister Incorporated, Teleflex Incorporated, ConvaTec, Inc., CURE MEDICAL, LLC.
The Urinary catheters Diagnostic market has been segmented as follows:
Urinary catheters Diagnostic Market, by Product Type
- Intermittent Catheters
- Foley Catheters
- Male External Catheters
Urinary catheters Diagnostic Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa