Urinary Catheter Market Size 2022-2030: Increasing Urinary Incontinence Among Women Due to Childbirth, Menopause, And Others

The urinary catheters market size is expected to reach USD 3.38 Billion in 2030 and register a revenue CAGR of 5.4% over the forecast period, according to the latest report by Reports and Data. Increasing demand for minimally invasive surgical procedures and rising incidences of Benign Prostatic Hyperplasia (BPH) are factors driving revenue growth of global urinary catheter market.

Advancements in the healthcare sector have introduced modern medical devices that have revolutionized medical treatments, which improved the quality of life of people suffering from lifestyle and chronic diseases. A catheter is a tube that is inserted into the body through a narrow opening or surgically placed inside the body which can be used for several functions. Geriatric population always suffers from urinary retention and urinary incontinence problems, which is boosting market revenue growth. In the US more than 30 million urinary catheters are sold annually and the catheterization rate in non-intensive care units is more than 20% and in an ICU is 60%. Urinary catheters are commonly used in patients with incontinence, spinal cord injury, neurogenic bladder, and urine flow obstruction.

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Moreover, growing demand for minimally invasive procedures owing to less postoperative pain, shortened hospital stay, faster recovery times, and less scarring are opening new dimensions for the use of urinary catheters. In addition, increasing hospitalization rate and rise in private investments to develop enhanced catheters to reduce chances of infection is expected to drive the market growth during the forecast period.

Some Key Highlights from the Report

• Hospitals segment accounted for a significantly large revenue share in 2021 and is expected to register a rapid growth rate during the forecast period owing to an increasing number of patients getting hospitalized. Hospitals also have their own diagnostic center in various areas, which also requires catheters for diagnosing and imaging-related purposes. Catheters are also used after operation to remove fluid and blood from the body. In addition, an increase in government spending on building developed healthcare infrastructure has led to increase in number of hospitals in emerging countries. Moreover, increase in the number of women suffering from Urinary Tract Infections (UTIs) has increased demand for the catheters in hospitals and is expected to drive market growth during the forecast period.
• Urinary incontinence segment accounted for largest market revenue share in 2021 and is expected to register steady growth rate during the forecast period. This is owing to increasing cases of UTIs and other medical conditions such as stroke, paralysis, mobility impairment, and cancer. Urge incontinence and stress are the most common types of urinary incontinence found in women these days. Functional urinary incontinence occurs when there is a lack of mobility in reaching the bathroom in severe arthritis or bedridden cases, which is driving growth of the market.
• Market in North America accounted for largest revenue share in 2021 owing to increasing awareness about UTIs, presence of highly skilled professionals, and well-established medical equipment manufacturing companies such as ConvaTec Inc., Teleflex Incorporated, and others in this region.

• In February 2021, Minnesota Medical Technologies Corporation, which is a medical device manufacturing company based in Stewartville, U.S., and Wellspect Healthcare, had come into agreement for the distribution of fecal incontinence insert developed by Minnesota Medical across Europe.

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Top Companies Profiled in the Report:

B. Braun Melsungen AG, Boston Scientific Corporation, Coloplast, ConvaTec Inc., Becton, Dickinson and Company, Cardinal Health, Teleflex Incorporated, Wellspect Healthcare, Medical Technologies of Georgia, and J and M Urinary Catheters, LLC.

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Urinary Catheter Market Segmentation:

Type Outlook (Revenue, USD Million; 2019–2030)

• Coated Catheters
• Uncoated Catheters
• Others

End-use Outlook (Revenue, USD Million; 2019–2030)

• Hospitals
• Long-term Care Facilities
• Others

Regional Outlook:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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