Aging Population & a Parallel Increase in Incontinence & Chronic Kidney Disease Drive the Global Urological Catheters Market
The
global market for Urological Catheters is forecast to reach 703.9 million units,
worth US$3.9 billion by 2025, 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 8.0% in volume terms over the analysis period 2017-2025.
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, ConvaTec
Group Plc, Cook Medical Inc., Fresenius Medical Care AG & Co. KGaA, Hollister
Inc., Medline Industries Inc., Medtronic Plc., Teleflex Inc., and Wellspect
HealthCare, among others.
The research report titled “Urological
Catheters - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a
comprehensive review of market trends, issues, drivers, mergers, acquisitions
and other strategic industry activities of global companies.. 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).
Global Industry Analysts, Inc. 6150 Hellyer Ave.,
San Jose CA 95138, USA, All Rights Reserved.
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