Almost 44% of People aged 65 & above Reported with bladder incontinence in the US: CDC

In the recent years, urinary catheters market has progressed significantly. The global market for urinary catheters is anticipated to grow from US$ 2,526.8 Mn in 2017 to US$ 4,811.0 by 2025 at a CAGR of 8.6%. The increasing prevalence of urinary incontinence backed by rising number of surgical procedures is the major factor that is expected to drive the growth of the global urinary catheters market. Additionally, the technological advancements leading to introduction of novel products in the market is further anticipated to promote the market growth over the forecast years. However, the risks and adverse outcomes associated with urinary catheters such as catheter-associated urinary tract infections (CAUTI) leading to allergic reactions is expected to confine the market growth. Additionally, presence of alternative options for catheterization is also expected to hamper the growth of global urinary catheters market to a significant rate.

Some of the key players operating the global urinary catheters market include Boston Scientific Corporation, Medtronic, Urocare Products, Inc., ConvaTec Inc., Cure Medical, LLC, Medical Technologies of Georgia, Bactiguard, B. Braun Melsungen AG, Coloplast, and Hollister Incorporated among others.

Urinary incontinence is the major problem associated with various other medical conditions. It is the most common problem affecting a 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, diabetes, and stress related incontinence due to changing lifestyle. According to a report published by CDC (2014), nearly 44% of people aged 65 and above reported with bladder incontinence in the US. The high population demanding urinary catheterization for urinary incontinence is expected to propel the global urinary catheters market.

The advancement in the field of the healthcare industry is driving the prominent players in this market for more research and developments for the urinary catheters. The catheter acquired urinary tract infection (CAUTIs) is one of the most commonly encountered infections that is majorly caused during catheterization. Technological advancement in the direction to combat these issues are expected to drive the demand for urinary catheters market. For instance, in October 2016, Adapta Medical received FDA market clearance for PerfiC Cath, intermittent touch less urinary catheter which is a sterile catheter system featuring hydrophilic and gel lubricants for straight and coude-tipped catheters and has extremely low risk of urinary tract infection.

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the urinary catheters market.

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the global urinary catheters market, thereby allowing players across the value chain to develop effective long-term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution