Pediatric Urinary Tract Catheters Market would rocket up to USD 13.03 billion by 2029

According to a study published in 2017 by the Center for Disease Control and Control Prevention (CDC), around 4,000 children died that year. According to WHO data, an estimated 5.2 million children under five die each year due to preventable and treatable illnesses. Pediatric urinary tract catheters are developed to help youngsters deal with catheterization. Catheters are medical equipment that doctors prescribe. These treat bladder dysfunction caused by a spinal cord injury, spina bifida, MS, Parkinson's disease, diabetes, stroke, or incontinence. Due to the high incidence of venous thromboembolism (VTE) in the pediatric population, the use of pediatric catheters has expanded globally.

Data Bridge Market Research analyses that the pediatric urinary tract catheters market, which was USD 6.59 billion in 2021, would rocket up to USD 13.03 billion by 2029, and is expected to undergo a CAGR of 8.90% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Access full Report: https://www.databridgemarketresearch.com/reports/global-pediatric-urinary-tract-catheters-market

Drivers

Growing incidence of cancer
According to the World Health Organization (WHO) cancer is the second biggest cause of death worldwide. In 2018, cancer claimed the lives of more than 9.6 million people around the world. The growing usage of catheters for minimally invasive diagnostic and treatment procedures and the rising hospitalization rate due to the high incidence of chronic diseases are likely to fuel market growth.

Rising prevalence of hospital-acquired infection and the existence of sophisticated healthcare infrastructure
North America now owns a 32 percent market share and is the clear leader in the pediatric urinary tract catheters market in the regional sector. The increased prevalence of hospital-acquired infections and advanced healthcare infrastructure are two significant factors contributing to its market domination. Due to good reimbursement scenarios for pediatric urinary tract catheters and a considerable increase in inpatient procedures conducted to treat chronic diseases. Europe is currently in second place in the regional segment with a 30% share.

Opportunities

The global pediatric urinary tract catheters market is being driven by a high prevalence of diseases such as urinary infection and coronary heart infection, as well as an increase in premature births, an increase in patient awareness programs, a surge in research and development initiatives for urinary infection diseases, and an increase in demand for comprehensive heart failure care. Congenital heart problem is the most frequent type of birth defect, according to Circulation (2018), with a global prevalence of roughly 7.7 per 1,000 live births. Biochips, implantation, and growth in innovative software programs available for measuring heart filling pressure are all expected to boost the pediatric urinary tract catheters market.

Pediatric Urinary Tract Catheters Market Scope
The pediatric urinary tract catheters market is segmented on the basis of product, type, gender, indication and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Foley/Indwelling Catheters
Short Term/Intermittent Catheters
Condom/External Catheters
Cardiovascular Catheters
Urology Catheters
Intravenous Catheters
Neurovascular Catheters
Specialty Catheters
Type

Coated Catheters
Uncoated Catheters
Gender

Male Urinary Catheters
Female Urinary Catheters
Indication

Urinary Incontinence
General Surgery
Benign Prostatic Hyperplasia
Spinal Cord Injuries
Others
End User

Hospitals
Long-Term Care Facilities
Clinics
Ambulatory Surgical Centers
Others

Some of the major players operating in the pediatric urinary tract catheters market are:

Abbott (U.S.)
BD (U.S.)
Boston Scientific Corporation (U.S.)
Medtronic (Ireland)
Cook (U.S.)
Johnson & Johnson Private Limited (U.S.)
Smith & Nephew plc (Germany)
Cardinal Health (U.S.)
Terumo Corporation (Japan)
CONAVI MEDICAL (U.S.)
Edwards Lifesciences Corporation (U.S.)
Infraredx, Inc. (U.S.)
Getinge AB (Sweden)
Coloplast Corp (U.S.)
McKesson Medical-Surgical (U.S.)

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