openPR Logo
Press release

Urinary Catheters Market: Growing Prevalence of Urological Disorders to Boost Demand

03-14-2018 08:58 AM CET | Health & Medicine

Press release from: Transparency Market Research

Urinary Catheters Market: Growing Prevalence of Urological

The global urinary catheter market features a highly competitive vendor landscape with the presence of a handful of key players that operate globally and several regional players, according to a new report by Transparency Market Research (TMR). In order to outdo their competitors, several players in the market are investing heavily to develop differentiator products that will further intensify competition, especially among local players. However, parity pricing among these products compels companies to sustain the competition at low-profit margins.

Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3936

Another noticeable growth trend observed in the market is acquisitions by means of which companies are not only expanding their shares but also strengthening their position across various geographies. TE Connectivity Corporation, for example, acquired AdvancedCath in February 2015 to enhance its medical business and strengthen its position in the medical industry which is expanding at a fast pace.

Some prominent names in the global urinary catheter market are Coloplast, B.Braun Melsungen AG, Teleflex Incorporated, Convotec, Cook Medical, Medtronic plc, CURE MEDICAL LLC, and Hollister Incorporated.

A report by Transparency Market Research forecasts the global urinary catheter market to grow at a CAGR of 5.3% between 2017 and 2025 to reach a valuation of US$5,003.1 mn by 2025 from US$3,130.7 mn in 2016.

Enquiry for discount on this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=3936

Depending upon product type, the global urinary catheters market can be segmented into intermittent catheters, Foley catheters, and male external catheters. The segment of intermittent catheters held a jaw-dropping share of more than 64.5% of the market in 2016 in terms of revenue. The product segment is expected to witness considerable growth over the forecast period due to its several advantages that it offers.

Among the key geographical segments of the global urinary catheters market, North America held the leading share of 44.9% in the overall market in 2016 in terms of value. Supremacy of the region is attributed to a well-established pharmaceutical and biotechnology industry, increasing research activity, and increasing prevalence of neurological disorders and urinary incontinence.

The topmost factor driving the global urinary catheters market is technological advancements in urinary catheters. The high incidence of catheter-associated urinary tract infections (CAUTIs) and flaws in condom catheters has necessitated the introduction of technologically advanced urinary catheters made of improved materials. “The geriatric population that accounts for a considerable patient pool suffering from urinary disorders, especially incontinence and urinary retention,” explains the lead analyst of the study. Hence, the rising population of this group is one of the key growth drivers of the urinary catheters market. Moreover, the rising incidence of chronic diseases is providing ample opportunities to the growth of this market. As per a report published by CamStent Ltd., more than 25% patients that are hospitalized in the U.S. every year receive urinary catheterization for proper bladder drainage. Urinary catheters are also predicted to witness high demand due to increasing healthcare expenditure.

On the flip side, lack of reimbursement policies for urinary catheters is limiting their use among patients that need temporary catheterization during the course of treatment for other diseases. Rising number of catheter-associated urinary tract infections globally is limiting the use of urinary catheters.

Report Overview @ https://www.transparencymarketresearch.com/urinary-catheters-market.html

Nevertheless, high unmet needs of a large patient pool suffering from urinary disorders is expected to provide large opportunities to the growth of this market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Urinary Catheters Market: Growing Prevalence of Urological Disorders to Boost Demand here

News-ID: 977674 • Views: 118

More Releases from Transparency Market Research

Pre-Printed Paper Rolls Market Demand Analysis and Projected huge Growth by 2027
Pre-printed paper rolls can be a powerful marketing tool for any business. In addition to these pre-printed paper rolls can be used for several applications such as labels, tapes, QR codes, etc. Pre-printed paper rolls are cost-effective and form a brand impression on consumers. Pre-printed paper rolls can be printed in many colors. They are colorful and appealing and are not like ordinary papers. For More Detailed Analysis, Request PDF
Duffle Top Bulk Bags Market Generates Huge Revenue Till 2027- Study By Key Playe …
Duffle top bulk bags made from plastic last long and are highly durable. Duffle top bulk bags are flexible and are strong to carry heavy loads. They have lift straps fixed at the top of the bag, which helps in handling and movement of duffle top bulk bags. Duffle top bulk bags can be of various types, which include opening from the bottom or opening from top. They are lightweight
Multi-Dose Packaging System Market Demand & Future Scope Including Top Players
Medicinal wastage and error in taking proper medication lead to need for multi-dose packaging system. Multi-dose packaging system has various benefits, which includes assisting patients with complicated prescription routines and the ability to enhance patient safety. It provides high-quality, smart packaging and also provides convenience to the patients. Multi-dose packaging system provides consumers with product protection, quality, and patient comfort. It has normal handling, and the formulation present in the
Cargo Belt Market 2020 Growth Rate, Developments in Major Areas, Market Size, Dy …
Globalization leads to the need for transportation of goods over the longer distance. This will drive the demand for cargo belts in the logistics & transportation industry. During the transportation of goods, about one-fourth of the accidents occurred due to poor handling of goods, which can be avoided by using the cargo belt. They are used in light and heavy lorries, trailers trucks, ships, and air crafts. Request PDF Sample For

All 5 Releases


More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the