The global market for urinary catheters is highly competitive in nature and is expected to remain in the similar scenario in the next few years, states a new market research report by Transparency Market Research.
The global market for urinary catheters is highly competitive in nature and is expected to remain in the similar scenario in the next few years, states a new market research report by Transparency Market Research. The presence of a large number of players and the expansion of product portfolio are projected to enhance the competitive scenario of the market. The leading players in the global urinary catheters market are focusing on innovations and developments in order to attract a large number of consumers across the globe. In addition, the rising awareness among consumers is further estimated to accelerate the growth of the overall market in the next few years. Some of the leading players operating in the urinary catheters market across the globe are B. Braun Melsungen AG, TE Connectivity Corp., C.R. Bard Inc., Boston Scientific Corp., Coloplast, Cook Medical, ConvaTec Inc., Medtronic Plc, Hollister Inc., Teleflex Inc., and CURE MEDICAL LLC.
According to the market research study by Transparency Market Research, in 2016, the global urinary catheters market was worth US$3.13 bn. The market is projected to reach a value of US$5.0 bn by 2025, registering a healthy 5.30% CAGR between 2017 and 2025.
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3936
Increasing Research and Development Activities to Drive North America Market
From a regional perspective, North America is expected to witness high growth throughout the forecast period. As per the study, this region is projected to account for a large share and continue with its dominance in the coming years, thanks to the presence of well-established biotechnology and pharmaceutical industries. In addition, the increasing research and development activities and the rising prevalence of neurovascular disorders are further estimated to accelerate the growth of the market in the near future. Furthermore, Europe is projected to stand at the second position in the urinary catheters market in the next few years. The rising research initiatives by the regional manufacturers in order to introduce new technology for urinary catheters is one of the key factors encouraging the growth of the Europe market in the next few years.
Request for Analysis of the COVID19 Impact on Urinary Catheters Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=3936
Among the key product types, the intermittent catheters segment is projected to account for a large share of the global market and is likely to retain its position throughout the forecast period. The high growth of this region can be attributed to the fact that intermittent catheters have quite less chance of obtaining catheter acquired urinary tract infection, which is considered as one of the most common forms of hospital acquired infections in several developed countries. In addition, several advancements in technology in intermittent catheters and the advent of less invasive and more efficient catheters are further projected to encourage the growth of this segment in the next few years.
Increasing Urinary Incontinence to Accelerate Market Growth
The increasing prevalence of urinary incontinence due to increasing rate of obesity and rising geriatric population is considered as one of the key factors projected to encourage the growth of the global urinary catheters market in the next few years. The increasing number of surgical procedures and the favorable reimbursement environment are further estimated to accelerate the growth of the overall market in the near future.
Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3936
On the flip side, the rising preference for alternative treatment options for increasing urinary incontinence is predicted to restrict the growth of the global urinary catheters market in the next few years. Nonetheless, the advent of self-catheterization and single-use catheters is likely to generate promising growth opportunities for the market players across the globe. In addition to this, the developing economies in several Asian nations are also predicted to enhance the growth of the overall market in the forecast period.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700
Albany NY - 12207United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com