Urinary Catheters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Urinary Catheters Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Urinary Catheters Market is expected to register a CAGR of nearly 5.5% during the forecast period.

A profound impact on the urinary catheter market is expected due to the COVID-19 scenario. As the number of cases is still on the rise, the demand for urinary catheters is also expected to increase, since urinary catheters are used in some of the critically ill patients suffering from COVID-19. Thus, this is expected to positively impact the demand for urinary catheters.

The primary factors driving the growth of the urinary catheters market include the rising prevalence of urinary incontinence, the growing geriatric population, and technological advancement in the material used for catheters.

Urinary incontinence is an underdiagnosed and underreported condition that is likely to increase with age and majorly affects the elderly population. According to the Global Forum on Incontinence, 2018, 12.4% (or 303 million) of all women and 5% (or 121 million) of all men are affected by urinary incontinence, worldwide. Furthermore, as per the World Ageing Population report, in 2019, about 702.9 million people living were aged 65 years and above, and this number is expected to reach 1,548.9 million by 2050. Thus, this is expected to fuel the market growth.

Key Market TrendsBenign Prostate Hyperplasia (BPH) is Expected to Show a Significant Growth in the Urinary Catheter Market During the Forecast Period

Benign prostate hyperplasia (BPH) is expected to show significant growth in the urinary catheter market during the forecast period. However, with the COVID-19 outbreak, a delay in diagnosis and treatment was observed in the case of BPH. This overall impacted negatively on the market studied in this segment. As per the study 'Gravas S, Fournier G, Oya M, et al. Prioritising urological surgery in the COVID-19 era: a global reflection on guidelines', published in June 2020, about 2,494 urologists were surveyed from 76 countries wherein BPH was preferred as one of the lowest priorities in terms of treatment in non-oncological procedures.

BPH is a very common condition among older men. As per a study titled, 'The prevalence and associated factors of lower urinary tract symptoms suggestive of benign prostatic hyperplasia in aging males', published in May 2020, revealed that with increasing aging, the prevalence of BPH also increased among the Chinese population. BPH is often associated with the conditions, such as urinary incontinency, frequent urination, and urine initiation difficulties. Thus, the growing burden of BPH is further expected to impact the overall burden of urinary incontinence, thereby, flourish the market growth in this segment.

North America Accounted for the Largest Share in the Market

North America occupied a major share in the urinary catheters market, and the region is expected to show a similar trend over the forecast period. A profound impact is expected on the market studied due to the COVID-19 outbreak. In February 2021, Health Canada approved the TempSensor catheter designed by Bactguard. As urinary catheters are being used in some cases of critically ill COVID-19 patients, the introduction of such products can positively impact the market studied.

The growing burden of urinary incontinence and the rising geriatric population are some of the driving factors in this region for the market studied. According to the Urology Care Foundation, 2019 revision, one-third of men and women in the United States suffer from urinary incontinence. About 33 million have overactive bladders, representing symptoms of urgency, frequency, and with or without urge incontinence.

Furthermore, with the introduction of technologically advanced products, the market in this region is expected to fuel over the forecast period. For instance, in February 2019, Safe Medical Design Inc. received approval from the United States Food & Drug Administration (US FDA) for its product Signal Catheter. Thus, the factors mentioned above are expected to positively impact the market growth.

Competitive Landscape

The market studied is moderately fragmented with the presence of few major players and small players. The market players are focusing on R&D to develop technologically advanced products in the market. The barriers for the new entrants are high in this industry, and hence, few major market players hold the maximum market share. Some of the major players in the market are B Braun Melsungen AG, Boston Scientific Corporation, Teleflex Inc., and Medtronic PLC, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Amsino International Inc.
B Braun Melsungen AG
Boston Scientific Corporation
Coloplast AS
ConvaTec Group PLC
Cook Medical
Cure Medical LLC
Hollister Incorporated
Medtronic PLC
Teleflex Incorporated
C R Bard
Beckton Dickinson and Company
ASID BONZ GmbH
CompactCath
Go Medical Industries Pty Ltd

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.