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Urinary Catheters Market Size, Status & Forecast Report, 2013 – 2024

Urinary Catheters Market

Urinary Catheters Market

In 2015, the global urinary catheters market size was valued at USD 3.4 billion and is projected to grow at a CAGR of 5.41% during the forecast time. The market is experiencing gain due to a growing incident of target illness such as urinary incontinence, bladder obstruction, urinary retention, benign prostate hyperplasia (BPH) and bladder cancers. Neurological disorders, like cerebral palsy, multiple sclerosis, spine Bifida, and others that lead to bladder dysfunction also require these catheters for urine drainage.
The increasing aged population being more prone to such conditions is also contributing to the market development. Urinary retention is most common in BPH. The American Academy of Family Physicians (AAFP) estimates that each year in the U.S. B.P.H. More than 250,000 surgeries are performed with 2 lakh office visits. This condition may also arise on account of trauma or injury to the urethra, penis, or bladder and is also related to pregnancy. Urinary imbalance is considered to be a therapeutic and low diagnostic condition, and aging is a part of it. The National Association for Continence states that it affects an estimated 200 million people globally. It also states that one-third of the men & women between the age of 30-70 years face the loss of bladder control at some point in their adult life. Click on image to enlarge Product Insights Intermittent catheters segment held the majority of the market share in 2015 of around nearly 60%. They are preferred over the indwelling catheter and external type, as the latter usually cause infections. Intermittent catheterization needs to repeated catheterization and is usually performed at least four times a day.
Reimbursement by the Medicaid Program, which provides 120 catheter per month for one person and the Medicare program which pays 200 catheter, also increases the increase. Such reimbursement policies contribute to the large share of the department, as they decrease the out-of-pocket spending of the patients. On the other hand, external catheters department is expected to be the fastest increasing department during the forecast time as they are non-invasive. Application Insights these products have an application in different medical conditions and diseases wherein it becomes tough for the patient to empty the bladder. The urinary incontinence department occupied the biggest market share in 2015 accounting for 38.3% due to the increasing prevalence of the disease and aging population. The benign prostate hyperplasia (BPH) is anticipated to be the fastest increasing department with a CAGR of 5.80% It is a general condition in the aging population particularly men. According to the Urology Care Foundation, around half of the men in the age of 51 to 60 years have BPH and up to 90% of the men in the age of 80 years have BPH. Acute kidney failure is a serious complication related to BPH and catheterization of the bladder is necessary.
Regional Insights North America held the majority of the market share of about 35.6% in 2015. The region suffers from a load of growing urology diseases and increasing geriatric population. Healthy health facilities are available in North America and repayment coverage contributes to large markets in the area. According to the American Academy of Family Physicians, Urinary Dichotomist affects approximately 20 million American women and 6 million American men in some areas of their life. It is approximate to affect millions of people and its prevalence growth with the rising age of the population. Asia Pacific is projected to be the fastest increasing market with a CAGR of 6.67% during the forecast time. The emerging economies, like India and China, in the region, are lucrative markets due to the growing aged population, raising the prevalence of chronic diseases, and growing demand for advanced therapies and products.

Request Sample copy of this Report at https://franknraf.com/sample-report/?rpt_id=6210

Competitive Insights some of the major companies are:
• B Braun
• Melsungen AGT
• Hollister Inc.
• Coloplast
• Boston Scientific Corporation
• C.R. Bard, Inc.
• Cook Medical
• Teleflex Inc.
• Medtronic
Due to the large opportunities in developed and developing countries, companies are implementing strategic initiatives like mergers and acquisitions, new product launches and expansion of operations for the global merger.
Regional Outlook (Profit, USD Million; 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• Mexico
• Brazil
• MEA
• South Africa

Table of Content
• Research Methodology
• Executive Summary
• Urinary Catheters Market Variables, Trends and Scope
• Urinary Catheters Market: Product Type Estimates and Trend Analysis
• Urinary Catheters Market: Application Estimates and Trend Analysis
• Urinary Catheters Market: Regional Estimates & Trend Analysis, by Product Type & Application
• Competitive Landscape

Get more details of report at,
https://franknraf.com/reports/urinary-catheters-market-size-forecast-report-2013-2024/

Related Report:
Intelligent Transportation System (ITS) Market Size, Analysis, 2020
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For More Details - https://franknraf.com/reports/intelligent-transportation-system-its-market-size-analysis-2020/

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Frank n Raf is one of the eminent companies in Market Research and Consulting Services headquartered in Pane, India and soon will be in United States. We provide more options to our clients when it comes to market research and consulting services. We provide accurate and transparent industry insights, syndicated research reports, customized research reports, and top we expertise in consulting services.

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