The global urinary catheter market size is poised to touch USD 4.18 Billion by 2026, exhibiting a CAGR of 6.3% during the forecast period. Increasing prevalence of urinary continence is one of the key factors driving the growth of this market. Urinary incontinence refers to involuntary leakage of urine and is observed to be more prevalent in female as compared to the male population of the world. For example, the National Association for Incontinence reports that currently, one in four women over the age 18 experiences an episodes of leaking urine involuntarily. Since the prevalence is rising at a faster pace, the demand for urological catheters is likely to surge in the coming decade.
Europe to Hold Leading Position; North America to Showcase High CAGR
With a revenue of generation of 1.08 billion in 2018, Europe is projected to dominate the global urinary catheter market share till 2026. This is mainly because of high incidence of urinary disorders among the geriatric population in the region. Advancements in treating urological diseases will be the major factor driving the market in North America. In Asia-Pacific, the market will grow as a result of increasing awareness regarding urinary incontinence and its treatment. Africa, the Middle East, and Latin America will grow at a lower rate due to low awareness levels about urological disorders.
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Leading Players operating in the Urinary Catheter Market are:
- Coloplast A/S
- B. Braun Melsungen AG
- ConvaTec Group PLC
- Amsino International, Inc.
- Boston Scientific Corporation
- Teleflex Incorporated
- Hollister Incorporated
- Medtronic
- BD
- Cook
Regulatory Support for New Products to Intensify Competition
Prime companies are intensively engaged in collaborating with fellow competitors to widen their sales horizons and entrench their position in this market. These innovative spirits are being further invigorated by the regulatory support provided to players through prompt clearances. The key industry developments in this regard include:
- November 2019: Pro-Lab Diagnostics secured a distribution agreement with CATHETRIX to distribute the latter’s popular Foley Catheter Securement Device in the US, UK, and Canada.
- February 2019: The US FDA green lit Safe Medical Design’s commercial launch of its Signal Catheter in the US. The device is novel as it has shown to reduce urethral trauma when draining urine.
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Market Segmentation:
By Product
- Indwelling Catheters
- Intermittent Catheters
- External Catheters
By Application
- Urinary Incontinence
- Benign Prostatic Hyperplasia
- Surgery
- Others
By End User
- Hospitals
- Age Care Centers
- Others
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Healthcare Overview- For Key Countries
- Disease Prevalence – Selective Diseases such as Urinary Incontinence, BPH, etc. – For Key Countries, 2018
- Technological Developments in Urinary Catheters
- Pricing Analysis – By Major Companies/Brands
- Key Industry Developments – Partnerships, Mergers and Acquisitions
- Global Urinary Catheter Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Indwelling Catheters
- Intermittent Catheters
- External Catheters
- Market Analysis, Insights and Forecast – By Application
- Urinary Incontinence
- Benign Prostatic Hyperplasia
- Surgery
- Others
- Market Analysis, Insights and Forecast – By Gender
- Male
- Female
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Age Care Centers
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Urinary Catheter Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Indwelling Catheters
- Intermittent Catheters
- External Catheters
- Market Analysis – By Application
- Urinary Incontinence
- Benign Prostatic Hyperplasia
- Surgery
- Others
- Market Analysis, Insights and Forecast – By Gender
- Male
- Female
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Age Care Centers
- Others
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
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