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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.
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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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