DUBLIN–(BUSINESS WIRE)–The “Urinary
Catheters Market – Growth, Trends, and Forecast (2019 – 2024)”
report has been added to ResearchAndMarkets.com’s
offering.
The major factors driving the growth of the urinary catheters market
include the rising prevalence of urinary incontinence, growing geriatric
population, and technological advancement in the material used for
catheters.
Key Market Trends
Urinary Incontinence Expected to Account for the Largest Market
Share during the Forecast Period
Urinary incontinence refers to the involuntary passage of urine, where a
person does not have control over the urinary sphincter, either due to
its loss of control, or weakening of the muscle. Obesity, smoking
issues, and patient’s age are the major factors for the rise of the
disease. In comparison, women are more susceptible to the disease than
men. Doctors advise catheterization for patients who are in need of it
for more than six weeks or for the ones in need of surgical
interventions.
The standardization of catheters used in practice is difficult as it is
based on their availability, diversity, and patient choice. Indwelling
urinary catheters, including the most common Foley indwelling urethral
catheters, are the standard medical device used in both hospital and
nursing home settings, globally. Nearly 100 million catheters are sold
each year, of which, the United States accounts for the major share in
buying the medical devices. High demand, increasing safety parameters,
and rising investment from major multinational players are expected to
boost the market over the forecast period.
North America Accounted for the Largest Share in the Market
North America occupied a major share in the urinary catheters market,
and the region is expected to show a similar trend over the forecast
period, without significant fluctuations. The United States holds one of
the largest shares in the market, due to better healthcare
infrastructure, effective government policies, a huge base of
multinational companies, and high awareness among people regarding
urinary dysfunction.
A large number of catheter-based clinical trial studies involve major
hospital chains and research centers, in collaboration with
multinational companies, such as the University of Rochester Medical
Center, Massachusetts General Hospital Boston, and others. According to
the Centers for Medicare and Medicaid Services, the national health
expenditure had grown by 4.6% in 2017, to nearly 3.5 trillion,
currently. Improved regulatory medical device guidelines and
reimbursement policies make the United States a country with a higher
investment opportunity and it is expected to witness high growth during
the forecast period.
Competitive Landscape
The market studied is moderately consolidated with the presence of a few
major players and small players. The market players are focusing on R&D
to develop technologically advanced products in the market. The barriers
for the new entrants are high in this industry, and hence, few major
market players hold the maximum market share.
Key Topics Covered
1 INTRODUCTION
1.1 Study Deliverables
1.2
Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2
Market Drivers
4.2.1 Rising Prevalence of Urinary Incontinence
4.2.2
Growing Geriatric Population
4.2.3 Technological Advancement in the
Material Used for Catheters
4.3 Market Restraints
4.3.1 Risk
of Catheter-associated Urinary Tract Infection (CAUTI)
4.3.2
Alternative Treatment Options for Urinary Incontinence
4.4 Porter’s
Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1
Indwelling (Foley) Catheters
5.1.2 Intermittent Catheters
5.1.3
External Catheters
5.2 By Application
5.2.1 Benign Prostate
Hyperplasia (BPH)
5.2.2 Urinary Incontinence
5.2.3 Spinal Cord
Injury
5.2.4 Other Applications
5.3 Geography
5.3.1 North
America
5.3.1.1 US
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2
Europe
5.3.2.1 Germany
5.3.2.2 UK
5.3.2.3 France
5.3.2.4
Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3
Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4
Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4
Middle East & Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3
Rest of Middle East & Africa
5.3.5 South America
5.3.5.1
Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1
Amsino International Inc.
6.1.2 B. Braun Melsungen AG
6.1.3
Boston Scientific Corporation
6.1.4 Coloplast AS
6.1.5
ConvaTec Group PLC
6.1.6 Cook Medical
6.1.7 Cure Medical LLC
6.1.8
Hollister Incorporated
6.1.9 Medtronic
6.1.10 Teleflex
Incorporated
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/v6hg1c
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Related Topics: Catheters