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Rising Geriatric Population and Heightened Awareness regarding Health to Drive Global Urinary Catheters Market

Article Description

Urinary catheters are the hollow tubes placed in the body for draining and collecting urine from the bladder. Made in many sizes and types, urinary catheters are generally necessary when patients suffer from a urological disorder, urinary retention, and urinary incontinence, and are unable to empty their bladder on their own. If the bladder is not emptied, urine can build up and can lead to pressure in kidneys. The pressure can lead to kidney failure, a serious condition that may lead to permanent damage to kidneys.

The global market for urinary catheters offers a variety of catheters, of various sizes, types, and made from materials such as rubber, latex, silicon, and plastic. Most catheters are used until patients regain the ability to urinate on their own, which is usually a short timeframe. However, people with a severe illness or permanent injury and elderly people may require the use of urinary catheters for much longer timeframes or even permanently in some cases.

Global Urinary Catheter Market: Increasing Geriatric Population Worldwide Boosts Growth Prospects

The rising geriatric population across the globe, favorable medical reimbursement policies, rising disposable incomes in developing regions, and the increased demand for advanced urinary catheters are driving the demand for a variety of urinary catheters across the globe. Factors such as technological advancements in the overall healthcare industry and in the field of medical devices, as well as a surge in research and development activities are also driving the global market for urinary catheters.

In the global market for catheters, valuing US$25,895.6 mn in 2014, the market for urinary catheters accounted for a 5.1% share and valued at US$1,326.0 mn. The market for urinary catheters is expected to rise to a valuation of US$1,755.0 by 2021, expanding at a 4.1% CAGR between 2015 and 2021.

Market Segment of Intermittent Urinary Catheters Lead the Market

The global market for urinary catheters includes three major categories of catheters: indwelling/foley catheters, intermittent/short-term catheters, and external/condom catheters. Of these product types, the segment of intermittent catheters accounted for  50% of the global market in 2014, followed by the market segment indwelling catheters.

Some of the key application areas of urinary catheters include spinal cord injury, urinary retention, urinary incontinence, and prostate gland surgery. Of these, the market segment of prostate gland surgery is expected to acquire the largest share of the global market in the coming years. By 2021, the segment of prostate gland surgery is expected to acquire nearly 38% of the global urinary catheter market in the application segment, and expand at a 4.4% CAGR.

On the basis of geography, the market for urinary catheters gained the maximum share of its business, an estimated 30%, in North America in 2014. The rising population of geriatrics, high level of health awareness, and favorable medical reimbursement policies in the region are expected to help it retain its dominant market position in future years as well.

Browse the full Global Urinary Catheter Market report at http://www.mrrse.com/urinary-catheters-market

Companies active in the urinary catheter marketplace are continuously involved in research and development activities aimed towards the development of technologically advanced urinary catheters. Some of the key businesses operating in the market are Boston Scientific Corporation, B. Braun Melsungen AG, Coloplast A/S., Cook Medical, CR Bard Inc., Hollister Incorporated, Covidien Plc, and Teleflex Incorporation.