Urinary Catheters Market to Get Rise with 5.5% CAGR by 2023 - B. BRAUN MELSUNGEN AG, BOSTON SCIENTIFIC, COLOPLAST A/S, CONVATEC GROUP, COOK MEDICAL, CURE MEDICAL, HOLLISTER INCORPORATED

Urinary Catheters Market Highlights
The global urinary catheter market is expected to register a CAGR of 5.5% during the forecast period (2018-2023). The urinary catheter devices are witnessing significant growth in recent years due to rise in urinary diseases and increasing awareness for different types of devices used in urinary infections and diseases. North America is expected to dominate this market due to the large base of geriatric population, high prevalence of urology disorders, and better reimbursement policies.

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Rising Prevalence of Urinary Incontinence
The rising prevalence of urinary incontinence is one of the primary factors driving this market. Urinary tract infection (UTI) is a common contagion among men and women. According to National Kidney Foundation, US, UTI is responsible for nearly 10 million doctor visits each year. As per the U.S. Department of Health and Human Services, approximately 13 million people in the United States suffer from urinary incontinence, which is primarily prevalent in women. Between the age group of 15-64 years, 10-30% of women are affected, compared to 1.5-5% of men. A similarly ratio can be observed globally in developed and emerging markets, thus driving the urinary catheter market.
Other factors driving this market are growing geriatric population, rising awareness towards health and hygiene, and technological advancements in the material used for catheters.

Key Developments in the Market
• March 2018 - Spinal Singularity launched a feasibility trial of its Connected Catheter, a smart catheter for male patients with chronic urinary retention or neurogenic lower urinary tract dysfunction.
• October 2017 - Bactigaurd won a tender for urinary catheters in Sweden for the Vu00e4stra Gu00f6taland region (VGR) providing both primary and secondary healthcare facilities.

Major players:
B. BRAUN MELSUNGEN AG, BOSTON SCIENTIFIC CORPORATION, COLOPLAST A/S, CONVATEC GROUP PLC, COOK MEDICAL, CURE MEDICAL LLC, HOLLISTER INCORPORATED, J AND M URINARY CATHETERS LLC, MEDTRONIC PLC, AND TELEFLEX INCORPORATED, amongst others.

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Risk of Catheter-associated Urinary Tract Infection (CAUTI)
There is an increased risk of acquiring a catheter-associated urinary tract infections, which hinders the growth of this market. According to the Center for Disease Control and Prevention, approximately 12-16% of hospital patients have an indwelling urinary catheter during their hospitalization, during which period, a patient has nearly 3-7% increased risk of acquiring CAUTI. This may lead to other complications such as prostatitis, epididymitis, and orchitis, followed by longer hospital stay and increased cost and mortality, thus significantly impeding this market.
Another important factor is the availability of alternate treatment options for urinary incontinence.

United States is Expected to Occupy the Largest Share in the Market
The United States is expected to occupy the largest market share due to the large pool of elderly population, infections due to urinary diseases, and better healthcare infrastructure with facilities. The Medicaid program reimbursement provides 120 catheters per month for a person and reimburses maximum of 200 catheters. Asia-Pacific is expected to project the fastest growth due to the rising economies of India and China, with a large base of diversified patient pool related to urinary tract disorders with rising elderly population.

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