The Global Market for Urological Catheters is Forecast to Reach 846 Million Units, Worth US$4.1 Billion by 2024

Growing Incidence of Incontinence & Chronic Kidney Disease Drives the Global Urological Catheters Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Urological Catheters market. The global market for Urological Catheters is forecast to reach 846 million units, worth US$4.1 billion by 2024, driven by aging population and rising incidence of urinary incontinence and chronic kidney disease (CKD).  Innovative technologies, products, and procedures are continuously fueling growth in the market.

Urological Catheters market, comprising urinary catheters and dialysis catheters, is a growing market, backed by rising incidence of urinary incontinence and Chronic Kidney Disease (CKD), a major contributor to the growing dialysis market.  As a technology-driven industry, innovative technologies, products, and procedures, are constantly fueling the growth of the Urological Catheters market. The U.S. and Europe represent the largest regional markets globally. Though developed countries with high healthcare standards dominate the overall urological catheters market, developing countries in Asia, Eastern Europe, and Latin America are boosting demand for low-priced catheters. Asia-Pacific constitutes the fastest growing regional market, rising with a CAGR of 6.3% in volume terms over the analysis period 2016-2024.

The dialysis catheters market is expected to grow steadily, influenced by a number of factors, including rising incidence of Chronic Kidney Disease (CKD), growing aging population, technological advancements, and growing demand for dialysis catheters with anti-microbial coatings. In the Dialysis market, the market is exhibiting increasing popularity of home-based hemodialysis. Hemodialysis Catheter represents the largest segment, while Peritoneal dialysis Catheter is set to emerge as the fastest growing segment.

As stated by the new market research report on Urological Catheters, Urinary Catheters is the largest segment, followed by dialysis catheters. The market for urinary catheters is driven by growing aging population, and rising prevalence and increasing awareness of urological diseases, such as urinary incontinence. In addition, increasing incidence of prostate and other urology-related cancer is expected to boost the demand for urinary catheters. Technological advancements in terms of improved materials are also driving market growth. Growing popularity of home-based healthcare services, and increasing adoption of male external catheter solutions among active athletes are the other growth drivers. Intermittent catheters lead the urinary catheters market. Intermittent catheters segment is witnessing rapid growth owing to the minimally-invasive nature of the catheter, coupled with favorable reimbursement scenario. Besides, the low chances of acquiring CAUTI (Catheter Acquired Urinary Tract Infection), which constitutes a major form of hospital acquired infection, is also driving the demand for intermittent catheters. 

Key players in the market include AngioDynamics Inc., B. Braun Melsungen AG, Boston Scientific Corp., C R Bard Inc., Coloplast Group, Cook Medical Inc., Fresenius Medical Care AG & Co. KGaA, Hollister Inc., Medline Industries Inc., Medtronic Plc., Olympus Corporation, Teleflex Inc., and Wellspect HealthCare, among others.

The research report titled “Urological Catheters: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the United States, Canada, Japan, Europe (comprising France, Germany, Italy, the United Kingdom, Spain, Russia, and Rest of Europe markets), Asia-Pacific (comprising China and Rest of Asia-Pacific markets), The Middle East, and Latin America. Key segments analyzed include Dialysis Catheters (Hemodialysis Catheters and Peritoneal Catheters) and Urinary Catheters (Foley Catheters, Intermittent Catheters, and External/Condom Catheters). The report also offers coverage on mergers and acquisitions, product launches, and other strategic industry activities of major global and regional players.

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