Urinary Catheters Market: Increasing Prevalence of Urinary Incontinence to Drive Urinary Catheters Market Growth

The urinary catheters market was valued at US$ 2,526.8 million in 2017 and it is projected to reach US$ 4,811.0 million in 2025; it is expected to grow at a CAGR of 8.6% from 2017 to 2025.

Urinary catheters are flexible tubes that are utilized to empty the bladder and collect the urine in a drainage bag. These catheters are majorly used by the doctors for the patients having difficulty in natural urination and before or after the surgical process to empty the bladder. The growth of the urinary catheters market is attributed to the technological advancements in the urinary catheters and increasing prevalence of urinary incontinence. However, availability of alternatives for the treatment of urinary incontinence and high risk of urinary tract infection associated with the use of catheters are the major factor hindering the market growth.

The Urinary catheters market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide.

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Urinary catheters market Segmentation:

• In terms of product, the urinary catheters market is segmented into intermittent, foley, and condom catheters. In 2017, the intermittent segment held larger share of the market. Also, the same segment is estimated to grow at the fastest rate during the forecast period.
• Based on application, the urinary catheters market is segmented into urinary incontinence, bladder dysfunction, benign prostate hyperplasia, and spinal cord injury. The urinary incontinence segment held the largest market share in 2017, also the same segment is estimated to grow at the fastest rate during the forecast period.
• In terms of gender, the urinary catheters market is segmented into male urinary catheters and female urinary catheters. In 2017, the male urinary catheters segment held larger share of the market. The same segment is expected to grow at the fastest rate during the forecast period.
• In terms of end user, the urinary catheters market is segmented into hospitals, long-term care facilities, and others. The hospitals segment held the largest share of the market in 2017. However, the long term care facilities segment is estimated to grow at the fastest rate during the forecast period.
• Boston Scientific Corporation, Medtronic, ConvaTec Inc., Coloplast, Urocare Products, Inc., Cure Medical, LLC, Medical Techologies of Georgia, Bactiguard, B. Braun Melsungen AG, and Hollister Incorporated are among the leading companies operating in the urinary catheters Market.

Increasing Prevalence of Urinary Incontinence to Drive Urinary Catheters Market Growth

Urinary incontinence is the major problem associated with various other medical conditions. Urinary incontinence results from mild or occasional leaking to the uncontrolled chronic urination. This is the most common problem affect significant number of population across the globe. The chances of urinary incontinence are associated with various factors such as growing geriatric population, increasing rates of obesity, increasing prevalence of various chronic diseases such as cardiovascular diseases, prostate cancer, kidney diseases, multiple sclerosis, and diabetes, and stress related incontinence due to changing lifestyles.

Ageing population is poised to become one of the most significant transformation with a heavy impact on the social and economic level across the globe. These population is growing exponentially worldwide. According to the National Institutes of Health (2016), 617 million of the people worldwide are of aged 65 and over. The number of geriatric population is expected to grow significantly in Africa followed by North America, Latin America & the Caribbean, and Asia Pacific region. Urinary incontinence is a major and most common problem occur in the geriatric population associated with various other medical conditions such as multiple sclerosis, cerebral palsy, spinal cord injuries, prostate enlargement, and cancer. The burden of incontinence grows with the growing ageing population across the globe. According to a report published by CDC (2014), nearly 44% of people aged 65 and above reported with bladder incontinence in the US. Similarly, according to a report published by ageUK in 2018, a registered charity in the UK, there are around 3.2 million people aged over 65 are suffering from urinary incontinence.

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