The Urinary Catheters Market size was estimated to be US$ 3478.78 million in 2021 and US$ XX million in 2023 and is expected to reach US$ 7986.69 million by 2031; it is estimated to record a CAGR of 8.8% in till 2031. Increasing number of surgical procedures have increased the demand of urinary catheterization is likely to remain key Urinary Catheter Market trends.
In recent years, there has been a considerable development in the field of medicine. The increasing number of surgical procedures have increased the demand of urinary catheterization. Urinary catheters are used to keep the bladder empty during and after the surgical procedure. In urological surgery or other surgery on contiguous structures of the genitourinary tract, the prolonged duration of the surgery, usage of large-volume infusions or diuretics during surgery, and need of monitoring of intraoperative urinary output are the major factors increasing the demand of urinary catheters during the surgical procedures. Such substantial adoption in surgical procedures of urinary catheters is driving the growth of Urinary Catheters market.
The growth of the Urinary Catheters market is attributed to some key driving factors such as increasing number of surgical procedures. However, urinary catheters can sometimes allow bacteria to enter the body which is one of the major factors hindering the urinary catheters market growth. Global urinary catheters market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In North America, the US is the largest market for urinary catheters. The growth of the region is attributed to availability of interventional products and growing geriatric population. In addition, continuous product developments is further expected to stimulate the growth of urinary catheters market in North America.
The Asia Pacific region is expected to account for the fastest growth in the urinary catheters market. Rising prevalence of urinary incontinence in emerging economies such as China and India are one of the factors driving the Asia Pacific urinary catheters market growth at present and is also expected to continue a similar trend during the forecast period.
According to the Population Reference Bureau, the number of Americans ages 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050 (a 47% increase), and the 65-and-older age group's share of the total population is projected to rise from 17% to 23%, as of 2024. People with long-term urinary retention often include those with spinal cord injury/disease, multiple sclerosis, enlarged prostate, or cerebrovascular accident. Indwelling urethral or suprapubic catheters are primarily used in the treatment of urinary retention in those who cannot perform clean intermittent catheterization due to limited hand dexterity or alterations in cognition. Indwelling urinary catheters may be used as well to provide supportive care for those with severe incontinence who cannot manage otherwise, are terminally ill, or need short-term treatment of pressure ulcers. This need is likely to drive the United States urinary catheters market during the forecast period.
In May 2022, a new urinary catheter was designed to reduce nursing workload and patient discomfort by minimising the chance of blockages and infections. This product progressed through the initial stages of its first patient trial in the UK. The Flume catheter was launched at the American Urological Association’s 2022 annual meeting in New Orleans, which Dr Havard attended. In February 2023, Coloplast launched male catheter named Luja designed to reduce the risk of urinary tract infections problems prevailing across the globe. The new intermittent catheter Luja addresses important risk factors for urinary tract infections, a significant burden for people using intermittent catheters as well as healthcare systems as a whole. Such technological advancements in recent years is likely to generate attractive growth opportunity for the urinary catheters market.
Key segments that contributed to the derivation of the Urinary Catheters Market analysis are product and application.
The geographic scope of the Urinary Catheters Market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South America/South & Central America.
North America has dominated the Urinary Catheters Market. According to the Population Reference Bureau, the number of Americans ages 65 and older is projected to increase from 58 million in 2022 to 82 million by 2050 (a 47% increase), and the 65-and-older age group's share of the total population is projected to rise from 17% to 23%, as of 2024. Older population mostly needs urinary catheters as their movement is partly impossible during hospitalizations. Such a factor is expected to assist the regional growth of urinary catheters market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
The regional trends and factors influencing the Urinary Catheters Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Urinary Catheters Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3478.78 Million |
| Market Size by 2031 | US$ 7986.69 Million |
| Global CAGR (2023 - 2031) | 8.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Urinary Catheters Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Urinary Catheters Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Urinary Catheters Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for urinary catheters and strategies:
The “Urinary Catheters Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: