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Global Urinary Catheters Market Expected to Grow at a CAGR of 4% During 2021-2026, Driven by Major Developments in the Healthcare Sector

According to a new report by EMR titled, 'Global Urinary Catheters Market Report and Forecast 2021-2026', the global market for urinary catheters is expected to grow at a CAGR of 4% in the forecast period of 2021-2026, to reach USD 2.3 billion by 2026.

The urinary catheters industry is positively influenced by the major developments in the healthcare industry. In addition, the rising demand for different types of catheters that cater to various types of patients is consequently facilitating the market growth of urinary catheters. Moreover, due to the growing need to avoid side effects and UTIs, the industry is continuously enhancing the products so that they are safer and more efficient to use. This will facilitate the growth of the urinary catheters industry. Further, the growing awareness of urological diseases among the masses is assisting the growth of the urinary catheters industry.
The market growth is boosted by the growing competition among the key industry players, such as Boston Scientific Corporation (NYSE: BSX) and Hollister Incorporated. In July 2019, Hollister Incorporated introduced for VaPro No Touch Intermittent Catheter that extremely influenced the medical field. The VaPro catheters are designed in such a way that they safeguard the patient from any germ throughout the catheterisation process. The growing awareness about urological diseases and subsequent innovations are predicted to boost the market growth over the forecast period.

Market Analysis by Product, Type, Gender, Application, and Region:

  • The urinary catheters industry, on the basis of product, is divided into intermittent, foley/indwelling, and external catheters.   
  • Based on type, the industry is bifurcated into coated and uncoated catheters.
  • On the basis of gender, the industry is segmented into female and male.
  • By application, the industry is categorised into benign prostatic hyperplasia, urinary incontinence, spinal cord injury, and general injury, among others.  
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

Key Findings of the Report:

  • The rising number of patients affected by urological diseases has increased the demand for urinary catheters. 
  • The emphasis on safety and development of such catheters to tackle UTIs has boosted the growth rate of the urinary catheters industry.
  • The growing prevalence of urinary incontinence and surgeries has boosted the urinary catheters industry.
  • Growing economies have invested heavily due to their growing population, which is boosting the growth rate of the urinary catheters industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for urinary catheters for the periods (2016-2020) and (2021-2026).  
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, types, gender, applications, and major regions of urinary catheters.   
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

B. Braun Melsungen AG, Boston Scientific Corporation, Teleflex Incorporated, Hollister Incorporated, and Amsino International, Inc., among others are the key players in the global urinary catheters market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business Intelligence Company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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