Catheters Market significant CAGR during 2017-2025 : Medtronics, Inc., Johnson & Johnson, and Abbott Laboratories

A recent report, titled, “Urological Catheters Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” added by TMR Research to their vast repository, forecasts the market to bode well mainly due to a rising number of urinary ailments and disorders caused by various reasons. The report serves as a prime insight to all new as well as existing businesses interested in the market.

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A dramatic rise in health issues such as kidney failures, urinary infections, kidney stones, bladder issues, and others, is primarily responsible for driving growth in the global urological catheters market. This is mainly due to the fact that urological catheters play a crucial role in the treatment of the above-mentioned health concerns. In addition, many companies have come up with highly advanced catheters that provide high efficiency, thereby boosting the market’s growth. Rise in population of the elderly too has been responsible a surge in urinary issues, hence causing an increase in the demand of urological catheters as a part of relevant treatment.

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However, use of catheters might cause many infections, thereby restraining the global urological catheters market. Lack of experience regarding use of the devices in remote and underdeveloped regions also poses as a chief obstacle to the market’s progress. Moreover, in such regions, shortage of the catheters might exist, thus causing healthcare specialists to resort to conventional alternatives. Nonetheless, numerous players are expected to introduce highly efficient catheters along with expanding their geographical reach. This is anticipated to reduce effects of most restraints affecting the global urological catheters market.

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Bard Medical, Rochester Medical, ABC Medical, CCS Medical, and Rusch, UroMed, are key players operating in the global urological catheters market. With an increase in the number of companies expected to occur in the near future, the competition in this market is projected to increase dramatically.

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This release was published on openPR.