Urinary Catheters Market: Product Devlopment & Latest Industry Trends | Medtronic, Bactiguard, Coloplast, ConvaTec Inc.

The Insight Partners market research study titled 'Urinary Catheters Market to 2025 - Global Analysis and Forecasts by Product, Procedure.The report highlights the trends prevalent in the global Urinary Catheters Market and the factors driving the market along with the restraints that are impacting its growth.

Major industry players operating in the field of Urinary Catheters Market Boston Scientific Corporation, Medtronic, ConvaTec Inc., Coloplast, Urocare Products, Inc., Cure Medical, LLC, Medical Techologies of Georgia, Bactiguard, B. Braun Melsungen AG, and Hollister Incorporated.

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The report includes the driving factors such as the growth of the urinary catheters market is attributed to the technological advancements in the urinary catheters and increasing prevalence of urinary incontinence. However, availability of alternatives for the treatment of urinary incontinence and high risk of urinary tract infection associated with the use of catheters are the major factor hindering the market growth.

COVID-19 Pandemic disrupted the entire world and affected many industries.

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The Urinary catheters market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth.

Benefits of Reports

- 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 report segments urinary catheters market as follows:

- By Product

Intermittent Catheter
Foley Catheter

- By Application

Urinary Incontinence
Benign Prostate Hyperplasia
Bladder Dysfunction
Spinal Cord Injury

- By Gender

Male Urinary Catheters
Female Urinary Catheters

- By End- User

Hospitals
Long-Term Care Facilities
Others

Product-Based Insights - In terms of product, the urinary catheters market is segmented into intermittent, foley,. In 2017, the intermittent segment held larger share of the market. Also, the same segment is estimated to grow at the fastest rate during the forecast period.

Application-Based Insights - Based on application, the urinary catheters market is segmented into urinary incontinence, bladder dysfunction, benign prostate hyperplasia, and spinal cord injury. The urinary incontinence segment held the largest market share in 2017, also the same segment is estimated to grow at the fastest rate during the forecast period.

Strategic Insights - The urinary catheters market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.

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This release was published on openPR.