Press release
Urinary Catheters Market Analysis Growth Vendors Shares Drivers Challenges with Forecast to 2025
Urinary Catheters Market
The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. 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.
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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 are among the leading companies operating in the urinary catheters Market.
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. Rising incidences of urinary incontinence in the geriatric population offer lucrative opportunities for the growth of urinary incontinence segment.
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. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement.
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Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
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
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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. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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