Urinary Catheter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Urinary Catheter Market

The urinary catheter market size was valued at USD 2.56 billion in 2018, and the market is now projected tgrow USD 6.04 billion in 2032 exhibiting a CAGR of 6.3% during the forecast period of 2019-2032.

There was a negative influence which was indicated by the disruption of the COVID-19 on supply chain and manufacturing interruptions because of the lockdown and limited transport. More patients require hospitalization, and there is a growing number of patients in critical care, and this led tthe higher uptake of urinary catheters in the ICU. Nonetheless, the elective surgeries and many routine operations were postponed, thereby cutting down the need in the non-essential ones for a while. The market changed by putting primary attention on infection control and safety measures that alscontributed tthe development of newer products. The urinary catheter market should therefore level out and grow again as operational healthcare systems return and awareness and technology improve.

The laboratories vitiligtreatment market is advancing at large because of the patient population and developing disease awareness, emphasizing the requirement for improved curative forms. Up tnow, there is navailable cure for vitiligdirectly, there are many vitiligpatients whneed effective therapies in developed country and the developing country. The American Academy of Dermatology (AAD) for instance estimates that up t84.5 million of the American population, or one in four people, suffer from vitiligo. This high prevalence is, therefore, creating the demand for new treatment products. There is increasing concern which urges scientists tfind vitiligtherapies and come up with new ideas.

The market for urinary catheters is resonating with impressive growth due trising incidence of urinary incontinence and other urological disease. Changing in the catheter materials for example from latex tsilicone is improving the patient’s comfort and lowering his/her susceptibility tinfections. This not only leads tmarket demand, but with increased incidence of urinary problems amongst seniors, whconstitute the baby boomers, the industry will grow even more. Also, the escalation in home health care is fast propelling the acceptance of non-invasive and sleek catheter designs. Self-reported by Grand View Research, the world’s urinary catheters were worth US $5.2bn in 2022 and should hit a 5.4% compound annual growth rate between 2023 and 2030.

Comprehensive Analysis of Urinary Catheter Market

The urinary catheter market growth is rising at an exponential rate due tits market segmentation. This market expansion rightly provides a thorough market breakdown near tthe industry considering the leading supply and demand forces. These segmentations are methodically segregated by product outlook, by application outlook, by gender outlook and by end user outlook. By product outlook includes indwelling catheters, intermittent catheters, and external catheters. By application outlook includes urinary incontinence, benign prostatic hyperplasia, surgery, and Others. By gender outlook includes female and male. By end user outlook includes hospitals, age care centers, and others.

The Europe region lead the urinary catheter market share by benefitting a market size of USD 1.08 billion in 2018 due tincreasing expenditure and awareness about treatment of urinary incontinence.

The top players in the markets have a central responsibility in the healthcare industry tbe sure of industrial prospectus development and testablish the market norms. These players include, Coloplast A/S, B. Braun Melsungen AG, ConvaTec Group PLC, AmsinInternational, Inc., Boston Scientific Corporation, Teleflex Incorporated, Hollister Incorporated, Medtronic, BD, and Cook these market players provide a level-playing competitive landscape.

In March 2021, Bactiguard published a study in Antimicrobial Resistance and Infection Control showing that their urinary catheters reduced CAUTI risk by 69% compared tstandard catheters.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2015-2026

Base Year 2018

Forecast Period 2019-2026

Historical Period 2015-2017

Unit Value (USD Billion)

Segmentation By Product

Indwelling Catheters

Intermittent Catheters

External Catheters

By Application

Urinary Incontinence

Benign Prostatic Hyperplasia

Surgery

Others

By Gender

Female

Male

By End User

Hospitals

Age Care Centers

Others

By Geography

North America (U.S. and Canada)

Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)