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Vesical Drainage Catheters Market: Introduction

  • The urinary catheter is a flexible tube made from various materials including rubber, plastic, and silicon. It is utilized to empty the bladder and collect urine in a drainage bag in conditions such as urinary incontinence, physical obstruction to urine flow, etc. Intermittent and indwelling are the two main types of catheters.

Key Drivers, Restrain and Opportunities of Global Vesical Drainage Catheters Market

  • Urinary catheters effectively manage bladder dysfunction in the geriatric population. In the geriatric population, tissues of the bladder become less stretchy and toughen with age and hence, the bladder walls weaken. This leads to issues while emptying the balder. Thus, a surge in the geriatric population is anticipated to drive the demand for vesical drainage catheters and subsequently, drive the market.
  • Catheterization is an effective way to treat overflow incontinence. Urinary tract infection, vaginal infection, constipation, etc., are major causes of urinary incontinence. Severe incontinence increases at a rapid rate between the ages of 70 and 80, and it is more prevalent in women. Thus, increase in prevalence of the condition mentioned above and urinary diseases is boosting the market. For instance, chronic kidney disease is a leading cause of mortality and morbidity globally. In 2017, estimated prevalence was 9.1% across 195 countries worldwide.
  • Key players operating in the market engage in manufacturing and introduction of new products in order to cater to the medical needs. This, in turn, is anticipated to drive the market. For instance, in February 2019, Safe Medical Design Inc. received U.S. Food and Drug Administration approval for commercialization of Signal Catheter in the U.S.
  • However, risk associated with catheters such as bladder spasms, pain, blood, or debris in the catheter tube, injury to the bladder due to incorrect inserting, etc., hampers its use and consequently, restrains the market
  • Developing countries in regions such as Asia Pacific, Middle East & Africa, and Latin America offer significant opportunities to manufacturers owing to a rise in awareness about the use of catheters and growing government initiatives to increase access to healthcare products

North America to Capture Major Share of Global Vesical Drainage Catheters Market

  • North America is expected to account for a major share of the global vesical drainage catheters market due to high prevalence of urinary diseases. Moreover, introduction of new products by key players is likely augment the market. For instance, in October 2016, Adapta Medical, Inc. received U.S. Food and Drug Administration approval for PerfIC Cath intermittent touchless urinary catheter. This enabled the company to expand its catheters product line.
  • The vesical drainage catheters market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to a rise in the geriatric population with urinary diseases in the  region

Key Players Operating in Global Vesical Drainage Catheters Market

The global vesical drainage catheters market is highly concentrated due to the presence of key players. A large number of manufacturers hold major share in their respective regions. Demand for vesical drainage catheters has increased in emerging as well as developed markets owing to a rise in the prevalence of urinary diseases. Industry players are adopting practices of appointing third-party distributors to expand their market presence. This has led to a surge in the number of distributors and suppliers in market. For instance, LoCost Medical Supply, LLC., DiaMedical USA, Aeroflow, Inc., etc., major distributors of urinary catheters

Major players operating in the global vesical drainage catheters market are:

  • Polymedicure
  • BD
  • Cook
  • Teleflex Incorporated
  • B. Braun Melsungen AG
  • Boston Scientific
  • NeoMed, Inc.
  • Sterimed Group
  • UROMED
  • Other Prominent Players

Global Vesical Drainage Catheters Market: Research Scope

Global Vesical Drainage Catheters Market, by Type

  • Intermittent urinary catheters
  • Indwelling urinary catheters
  • Suprapubic catheters
  • Others

Global Vesical Drainage Catheters Market, by Material

  • Rubber
  • Plastic (PVC)
  • Silicon

Global Vesical Drainage Catheters Market, by Application

  • Urinary Incontinence.
  • Urinary Retention
  • Others

Global Vesical Drainage Catheters Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

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?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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