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Growth of the Global Urinary Catheters Market

Growth of the Global Urinary Catheters Market

The global Urinary Catheters Market is estimated to be valued at US$ 5590.04 Mn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview

Urinary Catheters are catheter tubes inserted into the urinary bladder to drain urine from the bladder. There are different types of urinary catheters available like Foley catheters, intermittent catheters, and external catheters. Foley catheters are long-term indwelling catheters inserted transurethrally through the urethra into the urinary bladder. They are widely used for patients undergoing medical or surgical procedures or for those with limited mobility.

Market key trends:

One of the key trends in the urinary catheters market is the growing demand for Foley catheters. Foley catheters find wide usage in hospitals, long-term care facilities, home healthcare, and nursing homes owing to their ability to remain inserted for weeks or months. They help drain urine from patients who cannot do it voluntarily or have restricted mobility. This reduces nursing workload. The increasing incidence of urinary incontinence, rising number of surgical procedures, and growing geriatric population are driving the demand for Foley catheters in the market. Manufacturers are focusing on developing hydrogel and silicone Foley catheters to reduce complications and improve patient comfort. Technological advancements to enhance safety profiles of catheters are also augmenting the demand.

Segment Analysis:

The global urinary catheters market is segmented on the basis of product, type, application, gender, end users. By product, the market is categorized into intermittent catheters, foley catheters, and external catheters. Among these, Foley catheters dominate the market as they are commonly used for catheterization and remain indwelling for a longer period of time. By type, the market is categorized into indwelling catheters, external catheters and intermittent catheters. Among these, indwelling catheters dominate as they are commonly used for catheterization and remain indwelling for a longer period of time.

Key Takeaways:

The Global Urinary Catheters Market Demand is expected to witness high growth, exhibiting CAGR of 5.6% over the forecast period, due to increasing incidence of urinary incontinence among geriatric population.

Regional analysis:

North America dominates the global urinary catheters market due to high adoption of innovative urinary catheters products and increasing accessibility of advanced healthcare facilities in the region. Europe is the second largest market for urinary catheters due to increasing research activities for development of advanced urinary catheters.

Key players:

Key players operating in the urinary catheters market are B. Braun SE, Coloplast Group, BD, Boston Scientific Corporation, Medtronic, Bactiguard AB, Cook, and The Flume Catheter Company Ltd. B. Braun SE dominates the market owing to its widespread distribution network and wide array of urinary catheters. Coloplast Group holds second position in the market owing to availability of diversified product portfolio across different geographies.

Read More - ​https://www.trendingwebwire.com/urinary-catheters-market-forecasts-and-outlook-analysis/

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