Press release
Global Urinary Catheters Market to Reach $8.17 Billion by 2029, Growing at 7.88% CAGR
What Is the Expected Size and Growth Rate of the Urinary Catheters Market?The market size for urinary catheters has seen a significant increase in the past few years. The market, which was valued at $5.58 billion in 2024, is expected to reach $6.03 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.0%. This growth during the historic period can be credited to various factors including advancements in medical science, a better grasp of infection control procedures, improved patient care standards, an increase in surgical procedures and anesthesia usage, and the impact of the industrial revolution.
In the coming years, there's an anticipation for a robust expansion of the urinary catheters market. By 2029, the market is projected to bolster to $8.17 billion, with a compound annual growth rate (CAGR) of 7.9%. This potential growth during the forecast period can be credited to factors such as the rising ageing populace, intense focus on controlling infection, escalating healthcare expenditure, the transitioning to minimally invasive techniques, and the adoption of telemedicine coupled with remote patient monitoring. Key trends during this period entail the merging of digital health technologies, the creation of personalized catheterization strategies, technological progression, the surge in partnerships, and targeted investments.
What Factors Are Fueling Growth in the Urinary Catheters Market?
The upward trend in chronic disease incidence is projected to fuel the expansion of the urinary catheter market. Chronic diseases are long-lasting health issues that persist for a prolonged time period, typically necessitating continual management and treatment, since they aren't usually curable. The emergence of chronic diseases is linked to an aging population, poor health habits, as well as the availability and infrastructure of healthcare services. Urinary catheters play a crucial role in improving the life quality for those battling chronic conditions by ensuring effective symptom management and minimizing the risk of additional health complications. For example, the American Cancer Society, a non-profit cancer advocacy organization in the U.S., reported that in January 2023, the cancer case count rose to 1,958,310, marking a 3.16% increase from 1,898,160 in 2021. Consequently, the escalating incidence of chronic diseases is propelling the urinary catheter market's growth.
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Which Leading Companies Are Shaping the Growth of the Urinary Catheters Market?
Major companies operating in the urinary catheters market are Medtronic PLC, Becton Dickinson and Company, Boston Scientific Corporation, Medline Industries Inc., B. Braun Melsungen AG, Coloplast A/S, Cook Medical, Teleflex Incorporated, Cook Medical LLC, ConvaTec Group PLC, Hollister Incorporated, Amsino International Inc., Wellspect AB, WellLead Medical Co. Ltd., Applied Medical Technology Inc., Bactiguard AB, Dynarex Corporation, Pennine Healthcare Group Limited, Pacific Hospital Supply Co. Ltd., Cure Medical LLC, CompactCath Inc., Manfred Sauer GmbH, Poiesis Medical LLC, Hunter Urology Ltd., ROCAMED Medical Devices
What Are the Major Trends Shaping the Urinary Catheters Market?
Leading players in the urinary catheter market are focusing on the invention of novel products, such as foley catheter stabilization, aiming to improve patient comfort and minimize complications. Foley catheter stabilization involves a medical device specifically devised to keep a Foley catheter stationary, preventing any unintentional movement or shifting. These contraptions generally consist of adhesive cushions or bands that adhere to the patient's body and clasps or devices to maintain the catheter's position securely. For example, Cathetrix, an Israeli firm that specializes in the creation of intelligent catheter stabilization gadgets, introduced Foley/Safe in January 2023. This catheter stabilizer actively thwarts unexpected removals, ensures the catheter's stability and stops unnecessary motion. This product features an exclusive lock system, guaranteeing the catheter is held firmly to avoid inadvertent detachment, which is vital in minimizing catheter-related urinary tract infection (CAUTI) and augmenting patient ease. Its ingenious design allows straightforward access to the place of catheter insertion, assisting in regular examination and sanitization.
What Are the Key Segments of the Urinary Catheters Market?
The urinary catheters market covered in this report is segmented -
1) By Type: Coated Catheters, Uncoated Catheters
2) By Application: Benign Prostate Hyperplasia And Prostate Surgeries, Urinary Incontinence, Spinal Cord Injury, Other Applications
3) By End-User: Hospital, Clinics, Long-Term Care Facilities, Other End-Users
Subsegments:
1) By Coated Catheters: Hydrophilic Coated Catheters, Silicone Coated Catheters, Antimicrobial Coated Catheters
2) By Uncoated Catheters: Latex Catheters, Pvc Catheters, Silicone Catheters
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Which Region Dominates the Urinary Catheters Market?
North America was the largest region in the urinary catheters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the urinary catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Urinary Catheters Global Market Report?
- Market Size Analysis: Analyze the Urinary Catheters Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Urinary Catheters Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Urinary Catheters Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Urinary Catheters Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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