Intermittent Catheters Market will increase to a Revenue of around US$ 2.6 Bn at the end of 2032 at CAGR of 4.8%

The global intermittent catheters market is witnessing significant growth due to the increasing prevalence of urological disorders and rising demand for minimally invasive procedures. Intermittent catheterization is a medical procedure that involves the insertion of a catheter into the bladder through the urethra to empty the urine. The market for intermittent catheters is witnessing substantial growth due to the increasing adoption of advanced technologies, such as hydrophilic coatings, pre-lubricated catheters, and closed system catheters. Moreover, the rising trend of home healthcare and increasing investment in healthcare infrastructure are expected to further drive the growth of the intermittent catheters market.

The global intermittent catheters market was valued at US$ 1.6 Bn in 2021, with an estimated CAGR of 4.8% for the next ten years. A comprehensive industry study by Persistence Market Research reveals that the market will increase to a valuation of around US$ 2.6 Bn at the end of 2032.

According to Persistence Market Research, coated intermittent catheters held a market value of around US$ 1 Bn in 2021, accounting for nearly 64.5% of the overall market share. Sales of intermittent catheters increased at a CAGR of 4.5% over the last nine years (2012-2021) and currently account for 52.9% share of the global urinary catheters market.

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The application of intermittent catheterization is widespread across various urological disorders such as urinary retention, neurogenic bladder, and bladder outlet obstruction. The market for intermittent catheters is primarily driven by the increasing prevalence of urinary incontinence, which is most commonly caused by neurogenic bladder dysfunction, spinal cord injury, or prostate enlargement. Moreover, the expanding geriatric population and rising prevalence of diabetes are also contributing to the growth of the market. The urology clinics and hospitals are the major end-users of intermittent catheters.

Companies

Boston Scientific Corporation
Medtronic plc.
Hollister Incorporate
B. Braun Melsungen AG
Coloplast A/S
Becton, Dickinson and Company
Teleflex Incorporation
Cook Medical
ASID BONZ GmbH
Hunter Urology Ltd.
McKesson Corp.
Medline Industries LP
Pennine Healthcare
Romsons
Convatec
Flexicare

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North America and Europe dominate the global intermittent catheters market due to the presence of well-established healthcare infrastructure, increasing prevalence of urological disorders, and the adoption of advanced technologies. The Asia-Pacific region is expected to witness the highest growth rate in the coming years, primarily due to the rising healthcare expenditure, increasing awareness about urological disorders, and growing demand for minimally invasive procedures. The market players are also targeting the emerging markets in the Asia-Pacific region to expand their customer base and increase their market share.

The intermittent catheters market is highly competitive, with a large number of players operating in the market. The key players in the market are focusing on product launches, partnerships, collaborations, and acquisitions to strengthen their position in the market. For instance, in 2021, Coloplast A/S launched the SpeediCath Flex Coudé Pro, which is a new intermittent catheter designed to simplify the catheterization process for individuals with curved or narrow urethras. In another instance, in 2020, B. Braun Melsungen AG acquired the Promepla Group, a leading provider of urological products and services.

Competitive Landscape

Companies manufacturing intermittent catheters are actively looking to improve their position through partnerships, acquisitions, collaborations, and approvals with both existing and upcoming market participants.

Several recent examples include:

ConvaTec Group Plc stated in September 2019 that it acquired Southlake Medical Supplies, Inc., a supplier of catheters in the United States.
Smith Medical and Medline Industries established a partnership in August 2019 to improve the delivery of therapeutic equipment.

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Segments Covered in Intermittent Catheters Industry Survey

By Product:

Coated Intermittent Catheters
Uncoated Intermittent Catheters

By Application:

Urinary Incontinence
Urinary Retention
Prostate Gland Surgery
Spinal Cord Injury
Other

By End User:

Hospitals
Surgical Centers
Specialty Clinics
Academic & Research Institutions

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

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This release was published on openPR.