Press release
Urinary Catheters Market See Incredible Growth 2021-2028 | Braun Melsungen AG, Coloplast A/S, CR Bard Inc., Teleflex Inc.
"Industry analysis is a crucial step in the current competitive market space that helps identify the right target customers and accordingly provide tailored solutions for their business needs. Every aspect and unique challenges put up by the particular industry are carefully taken into consideration while formulating these solutions. It also takes into consideration various government reforms, competitive environment, customer behavior, existing and upcoming business models, and ever-evolving technological developments. Industry analysis helps an organization formulate strategies and policies of a business."๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ญ๐ก ๐๐จ๐ฏ๐ข๐๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.coherentmarketinsights.com/insight/request-sample/1198
People who have difficulty passing pee use a urinary catheter. Moreover, the usage of urinary catheters may result in urinary tract infections (UTIs). A catheter can be left in a place for an extended time or withdrawn after each usage.
The global urinary catheter market is expected to be worth US$ 2,247.6 million by 2027.
Global Urinary Catheter Market: Drivers
Growing number of orthopedic operations is expected to drive the global urinary catheter market growth over the forecast period. For instance, the American Academy of Orthopedic Surgeons reports that 1,432,491 knee and hip arthroplasty operations were conducted globally in 2018.
Global Urinary Catheter Market: Opportunities
Major market players can concentrate on creating catheters coated with glass to reduce urinary tract infections (UTIs) in hospitalized patients. The use of phosphate glass coated with zinc oxide in catheters can help to eliminate common germs.
Global Urinary Catheter Market: Restraints
The accessibility of reimbursement programs for the purchasing of disposable incontinence products is expected to impede the global urinary catheter market growth over the forecast period. For instance, users of Medicaid are entitled to full treatment of absorbent products.
Key Takeaways:
The global urinary catheter market's Urinary Incontinence segment in 2018 was worth US$ 418.6 Million and is expected to increase to US$ 590.4 Million by 2027 growing at a 3.9 % CAGR over the forecast period
Some of the primary factors contributing to the segment's growth are increased awareness of personal cleanliness and rising orthopedic operations.
In 2018, the Intermittent Catheter segment accounted for the largest share in the global urinary catheter market, representing 57.5 % of the market share, trailed by Indwelling Catheter. Increasing product approvals are the key factors contributing to the dominance of intermittent catheters over the forecast period. Growing product approvals are the key factors contributing to the domination of intermittent catheters over the forecast period.
Market Trends
The Startups are working to create technologically improved devices that can help minimize catheters infection.
For instance, NanoVibronix's UroShield is a compact external medical device aimed at preventing biofilm development and bacterial colonization on both suprapubic and urethral catheters.
Major universities and research institutions are working to create biomaterials that prevent germs from infecting medical equipment such as catheters. For instance, Nottingham University researchers in July 2019 reported the discovery of a Bactigon, a novel biomaterials family that has a significant influence on antimicrobial resistance (AMR).
Global Urinary Catheter Market: Competitive Landscape
Some of the key players contributing to the global urinary catheter market are Hollister Inc., Teleflex Inc., Coloplast A/S, Cook Medical, Medtronic, Hollister Inc., CR Bard Inc., Bactiguard, CATHETRIX, Boston Scientific Corp., and B. Braun Melsungen AG.
Global Urinary Catheter Market: Key Developments
Major market players are focusing on the approval and introduction of new goods in order to increase their product range. for instance, Hollister Incorporated obtained a 2019 Innovative Technology designation from Vizient, Inc. in July 2019 for their VaPro No Touch Intermittent Catheter - a urinary catheter.
Major Market players are also focusing on partnership approaches to increase their market share. For instance, Mediplus, a supplier of urology and other specialties in February 2019 collaborated with PSS Urology, a urological surgical devices supplier, to distribute their S-CathTM System, a suprapubic catheterization kit.
Segmentation
Scope of the report
Urinary Catheter Market, By Product Type:
Intermittent Catheter
Indwelling (Foley) Catheter
External Catheter
Urinary Catheter Market, By Application:
Urinary Incontinence
Urinary Retention
Prostate Gland Surgeries
Spinal Cord Injuries
Others
Urinary Catheter Market, By Region:
North America
By Product Type:
Intermittent Catheter
Indwelling (Foley) Catheter
External Catheter
By Application
Urinary Incontinence
Urinary Retention
Prostate Gland Surgeries
Spinal Cord Injuries
Others
By Country:
U.S.
Canada
Latin America
By Product Type:
Intermittent Catheter
Indwelling (Foley) Catheter
External Catheter
By Application
Urinary Incontinence
Urinary Retention
Prostate Gland Surgeries
Spinal Cord Injuries
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Intermittent Catheter
Indwelling (Foley) Catheter
External Catheter
By Application
Urinary Incontinence
Urinary Retention
Prostate Gland Surgeries
Spinal Cord Injuries
Others
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type:
Intermittent Catheter
Indwelling (Foley) Catheter
External Catheter
By Application
Urinary Incontinence
Urinary Retention
Prostate Gland Surgeries
Spinal Cord Injuries
Others
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product Type:
Intermittent Catheter
Indwelling (Foley) Catheter
External Catheter
By Application
Urinary Incontinence
Urinary Retention
Prostate Gland Surgeries
Spinal Cord Injuries
Others
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Intermittent Catheter
Indwelling (Foley) Catheter
External Catheter
By Application
Urinary Incontinence
Urinary Retention
Prostate Gland Surgeries
Spinal Cord Injuries
Others
By Country:
South Africa
Central Africa
North Africa
๐๐๐ญ ๐๐๐๐๐ฌ๐ฌ ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐๐ซ๐: https://www.coherentmarketinsights.com/insight/buy-now/1198
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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Coherent Market Insights
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