Global Urinary Catheters market is slated to accrue revenue worth nearly 1.60 (USD Billion) by 2026 and record the CAGR of about 4.2% over the period from 2020 to 2026.
Urinary Catheters Market
The global Urinary Catheters market is slated to accrue revenue worth nearly 1.60 (USD Billion) by 2026 and record the CAGR of about 4.2% over the period from 2020 to 2026. The report offers assessment and analysis of the Urinary Catheters market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
The urinary tract system produces, retains, and disposes urine from the body. It is segmented into upper tract and lower tract. Upper tract incudes kidneys and ureters, while lower tract includes bladder & urethra. In an adult, kidneys constantly filter blood to produce nearly 1ml of urine each minute and then transports this urine to bladder via ureters. The bladder stores the urine before expelling it through urethra. When the urinary tract is functioning normally, the urine is flushed out from urethra as bladder is emptied, thereby avoiding upward movement of bacteria from periurethral skin to first urethra and from there to bladder. However, some bacteria successfully manages to enter the bladder via urethra but it is removed from the bladder during micturition.
Additionally, the bladder’s internal surface is lined with urothelial cells and covered by glycosaminoglycan mucin that does not allow bacteria to stick to the inner surface of the bladder. In case, even if bacteria is still able to stick to the surface in spite of surface resistance offered by glycosaminoglycan mucin, then the immune system of the internal body system has ability to annihilate this bacteria. However, in case of problems occurring in lower urinary tract like muscle atrophy or weak urinary sphincter, there is the occurrence of urinary incontinence meaning involuntary leak of urine from urethra. Here, use of urinary catheter is inevitable. In case of enlargement of prostrate or urethral stricture or bladder stones or swelling of bladder, there is urinary retention meaning non-empting of urine from the bladder. In this case, urinary catheter is inserted in urethra for making the urine flow after surgery.
Furthermore, urinary catheter is an elongated tube which is made from various polymers with silicon utilized in large proportion along with latex rubber.
Market Growth Dynamics
Rise in the rate of ailments such as enlargement of prostrate, kidney problems, gall bladder stones, and nerve damage will steer the growth of the urinary catheters market over the years ahead. Apart from this, increase in the number of surgeries and prominent rise in the proportion of aging population prone to urinary tract infections will steer the business growth over the forthcoming years. In addition to this, surge in the incidences of urinary continence in the people will further steer the market growth.
Furthermore, inactive lifestyle, indiscipline or messy life patterns, and unhealthy eating or incorrect dietary habits along with stressful as well as hectic lifestyle has resulted in urinary tract ailments, thereby driving the market trends.
However, healthcare industry has witnessed many hospital-acquired nosocomial urinary tract infections due to use of urinary catheters and this has resulted in incurrence of huge healthcare costs along with critical illness. To overcome this limitation of the product, researches have introduced urinary catheters manufactured with different kinds of advanced antimicrobial coating materials that will avoid causing of hospital acquired infection in patients. This, in turn, will enlarge the market scope over the forthcoming years.
North America To Account For Major Chunk Of Market Share During 2020-2026
The growth of the market in the region during the forecast timeline is attributed to a bulge in geriatric population prone to urological disorders such as enlargement of prostate glands. Furthermore, the countries like the U.S. and Canada in the sub-continent have robust healthcare infrastructure as well as favorable compensation policies & schemes. This will further embellish the regional market growth over the forecasting years.
Key players involved in the business include Medtronic plc, Cook Medical, ConvaTec Group plc, Coloplast A/S, C.R. Bard, B. Braun Melsungen AG, Hollister Incorporated, Inc., and Teleflex Incorporation.
The global urinary catheters market is segmented as follows:
The key growth drivers that will leverage the market growth include increase in the geriatric population prone to urological disorders such as prostrate enlargement
The CAGR of the industry is expected to be nearly over 4.2% during the forecast timeline.
North American region will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Medtronic plc, Cook Medical, ConvaTec Group plc, Coloplast A/S, C.R. Bard, B. Braun Melsungen AG, Hollister Incorporated, Inc., and Teleflex Incorporation. Medtronic plc, Cook Medical, ConvaTec Group plc, Coloplast A/S, C.R. Bard, B. Braun Melsungen AG, Hollister Incorporated, Inc., and Teleflex Incorporation.
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed