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.
Urinary Catheter Market Analysis
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.
Urinary Catheters Market Overview
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.
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Urinary Catheters Market: Strategic Insights
Market Size Value in US$ 2,888.1 million in 2019 Market Size Value by US$ 4,811.0 million by 2025 Growth rate CAGR of 8.6% from 2020 to 2025 Forecast Period 2020-2025 Base Year 2019
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Urinary Catheters Market: Strategic Insights
| Market Size Value in | US$ 2,888.1 million in 2019 |
| Market Size Value by | US$ 4,811.0 million by 2025 |
| Growth rate | CAGR of 8.6% from 2020 to 2025 |
| Forecast Period | 2020-2025 |
| Base Year | 2019 |
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Urinary Catheters Market Drivers and Opportunities
Growing Geriatric Population to Favor United States 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. 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.
Technological Developments – An Opportunity of Urinary Catheters Market
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.
Urinary Catheters Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Urinary Catheters Market analysis are product and application.
- Based on product, the urinary catheters market is segmented intermittent, foley, and condom catheters. In 2023, the intermittent segment held the largest share of the market, by product. This segment is also expected to grow at the fastest rate during the coming years owing to the its ease of use, cost-effective nature, reduced risk of urinary tract infections, and increasing demand of it as an effective solution among the patient population. Intermittent catheters are thin tube catheters majorly composed of rubber, vinyl, and silicone. These catheters are designed to empty the bladder for the patients who need short-term catheter-based management or effective bladder management required due to idiopathic or neurogenic bladder dysfunction. Intermittent catheters are inserted through the urethra and into the bladder to withdraw the urine from bladder. These intermittent catheters are majorly used for the patient population in hospitals, nursing homes, and home-care environments. The growth of this intermittent catheters is expected to grow significantly in the coming years. This is primarily attributed to its ease of use, cost-effective nature, reduced risk of urinary tract infections, and increasing demand of it as an effective solution among the patient population.
- Based on application, the urinary catheters market is segmented into urinary incontinence, bladder dysfunction, benign prostate hyperplasia, and spinal cord injury. In 2023, Urinary incontinence segment held the largest share of the market, by application and is expected to grow at the fastest rate during the coming years owing to the increasing incidences of urinary incontinence in the geriatric population. Urinary incontinence also known as involuntary urination is a medical condition which cause uncontrolled leakage of urine. This is a symptom associated with various other health related problems. Urinary incontinence is more common among women than men. According to a study by the American Urological Association (AUA) it was estimated that 30% of females of the age group 30-60 suffered from urinary incontinence compared to 1.5-5% of males. Moreover, urinary incontinence is one of the major problems affecting the geriatric population. According to a report of United Nation (2017), the number of people aged 60 or over were 962 million in 2017 which was estimated to reach 2.1 billion by 2050. The rapid growth in the geriatric population is also expected to increase the burden of urinary incontinence. This also expected to fuel the growth of the overall urinary catheters market.
Urinary Catheters Market Share Analysis by Geography
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.
Urinary Catheters Market Report Scope
Urinary Catheters Market News and Recent Developments
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:
- In Jan 2023, CATHETRIX, one of the innovative developers of urinary (Foley) smart catheter fixation devices, commercially launched its catheter stabilizer for the prevention of urinary tract infections (UTIs) and accidental Foley catheter extractions at Arab Health 2023. (Source: HospiMedica International staff writers, Press Release, 2023)
Urinary Catheters Market Report Coverage and Deliverables
The “Urinary Catheters Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Application, Gender, End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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