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Urinary Catheters Market is Flourishing Worldwide with Major Eminent Key Players - Cure Medical, Medical Technologies of Georgia, Bactiguard, B. Braun Melsungen, Coloplast, Hollister Incorporated

03-06-2019 12:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

The Insight Partners

The Insight Partners

Urinary incontinence is a very common bladder condition that results into involuntary leakage of urine due to loss of control over urinary sphincters. Urinary catheterization is one of the most effective treatment option for this condition.

According to United States Census Bureau (2017), the number of people aged 65 and above was 47.8 million in 2015 and it is estimated to increase to 98.2 million by 2060. This ageing population is more susceptible to spinal cord injury (SCI), urinary incontinence, and benign prostate hyperplasia. On the other hand, Asia Pacific is expected to witness significant growth in the market owing to factors such as increasing focus of market players developing novel products at affordable prices, developing healthcare infrastructure and rising advent of medical tourism and significant prevalence of chronic kidney diseases.

The global urinary catheters market is segmented on the basis of product, application, gender, end user and geography. On the basis of product, the market is segmented into intermittent, foley, and condom catheters. On the basis of application, the market is segmented into spinal cord injury, urinary incontinence, bladder dysfunction, and benign prostate hyperplasia. Based on gender, the market is segmented into male and female. On the basis of end user, the global urinary catheters market is segmented into long term facilities, hospitals and others.

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Key Urinary Catheters market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last 3 years, the key development in the past five years.
1. Boston Scientific Corporation
2. Medtronic
3. Urocare Products, Inc.
4. ConvaTec Inc.
5. Cure Medical, LLC
6. Medical Technologies of Georgia
7. Bactiguard
8. Braun Melsungen AG
9. Coloplast
10. Hollister Incorporated

The urinary catheters market is aimed to describe, define and estimate the forecast for market size of the urinary catheters till 2025. The report strategically analyzes macro and micro-markets to entail the major factors impacting the growth of the global urinary catheters market. The market report for urinary catheters is appropriate to cater the needs and demands of various stakeholders that include manufacturers, distributors and suppliers of urinary catheters, public and private hospitals, academic medical centers and teaching hospitals, privately practicing physicians and surgeons, medical institutes, research centers and other academic hostilities, and ambulatory surgical centers.

North America is expected to be the dominant region in the global urinary catheters market. This dominance is primarily driven by the increasing prevalence of various diseases where catheterization is majorly required, rapid growth of the geriatric population, increasing number of hospitals, increasing number of surgeries, and favorable reimbursement policies.

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Major Report Benefits-

-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

The global urinary catheters market is highly competitive due to the presence of large numbers of players which is attributed to the easy market entry and high profit margins in the market. Some of the prominent players in this market are thus indulged into adoption of inorganic growth strategies such as merger and acquisition. For instance, in November 2016, Coloplast completed acquisition of Comfort Medical, a US supplier of catheters. This acquisition is helped Coloplast to expand its geographic base in the US and nearby countries.

The growth of global urinary catheters market is expected to be driven by factors such as increasing incidence of urinary incontinence that demands urinary catheterization for a large group of patients. On the other hand, the risk of catheter associated urinary tract infections is expected to confine the market growth over the years to come.

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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

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