Urinary Catheters Market Size: Market Expansion and Growth Strategies from matthew mile's blog
The Urinary Catheters Market Report provides a comprehensive analysis of the global urinary catheters market, including current trends, growth drivers, challenges, and opportunities. It offers insights into the market size, segmentation, and competitive landscape.
The market size of urinary catheters was valued at USD 5.31 billion in 2022 and is projected to reach USD 8.16 billion by 2030, exhibiting a robust compound annual growth rate (CAGR) of 5.52% over the forecast period from 2023 to 2030.
Urinary catheters play a crucial role in the healthcare industry, providing essential support to patients with urinary incontinence or those who require assistance in emptying their bladders. The increasing prevalence of urological disorders, coupled with the growing geriatric population, is driving the demand for urinary catheters.
As the global population continues to age, the incidence of urinary incontinence and other urological conditions is expected to rise significantly. This, in turn, is fueling the demand for urinary catheters, as they offer a convenient and effective solution for managing these conditions. Additionally, advancements in catheter technology, such as the development of antimicrobial coatings and improved materials, are further propelling market growth.
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Furthermore, the rising awareness about the importance of infection prevention and control in healthcare settings is driving the adoption of urinary catheters. Healthcare providers are increasingly focusing on reducing the risk of catheter-associated urinary tract infections (CAUTIs) by implementing strict protocols and utilizing innovative catheter designs.
Geographically, North America currently dominates the urinary catheters market, owing to the high prevalence of urological disorders and the presence of well-established healthcare infrastructure. However, the Asia Pacific region is expected to witness significant growth during the forecast period, primarily due to the increasing healthcare expenditure, improving healthcare facilities, and rising awareness about urological disorders.
KEY MARKET SEGMENTATION:
By Product
- Intermittent
- Foley/Indwelling
- External
By Application
- Benign Prostate Hyperplasia (BPH) & Prostate Surgeries
- Urinary Incontinence
- Spinal Cord Injury
- Others
By Gender
- Male
- Female
By Type
- Coated Catheters
- Uncoated Catheters
By End-Use
- Hospitals
- Clinics
- Long-term Care Facilities
- Others
KEY PLAYERS:
The Major players are Hollister Inc, Boston Scientific Corp, Cook Medical, Teleflex Inc, Medline Industries Inc, Becton Dickinson and Company (C.R. Bard, Inc.), J And M Urinary Catheters LLC, Medtronic PLC, Coloplast, ConvaTech Inc and Other Players.
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