Urinary Catheters Market Size to Cross USD 10.15 Bn by 2033

The global urinary catheters market size is projected to hit around USD 10.15 billion by 2033 from USD 5.90 billion in 2023 with a CAGR of 5.57% from 2024 to 2033.

Urinary Catheters Market Size 2024 to 2033

Key Points

  • North America has accounted for more than 35% of the market share in 2023.
  • By product, the intermittent catheters segment dominated the market with the largest market share of 58% in 2023.
  • By application, the Urinary Incontinence (UI) segment dominated the market with the largest share of 38% in 2023.
  • By type, the coated catheters segment led the market in 2023.
  • By gender, the women segment led the market in 2023 and promises sustained growth during the forecast period.
  • By end-user, the hospitals segment led the market with the largest share in 2023.

The Urinary Catheters Market has witnessed significant growth in recent years, driven by the increasing prevalence of urinary disorders and the rising aging population. Urinary catheters are medical devices used to drain and collect urine from the bladder when normal urine flow is obstructed or when patients are unable to control their bladder function. The market encompasses a wide range of catheters, including indwelling catheters, intermittent catheters, and external catheters, each serving specific patient needs.

The global Urinary Catheters Market has experienced a surge in demand due to the growing incidence of urinary incontinence, urinary retention, and other urological disorders. Technological advancements, such as the development of coated catheters to reduce the risk of infection, have also contributed to market expansion. As healthcare systems worldwide focus on enhancing patient care, the adoption of innovative catheter materials and designs is expected to further drive market growth.

Get a Sample: https://www.precedenceresearch.com/sample/3908

Growth Factors

Several factors contribute to the sustained growth of the Urinary Catheters Market. The aging population, particularly in developed regions, has led to an increased prevalence of age-related conditions such as urinary incontinence. Additionally, the rising incidence of chronic diseases, spinal cord injuries, and neurological disorders has augmented the demand for urinary catheters. Moreover, the growing awareness about healthcare and hygiene, coupled with advancements in catheter technology, has fueled market expansion.

Government initiatives and healthcare reforms aimed at improving patient care have played a pivotal role in driving the adoption of urinary catheters. Reimbursement policies and support for research and development activities in the urology sector have further propelled market growth. The global market is also influenced by an upsurge in urological surgeries, contributing to the demand for catheters in postoperative care.

Urinary Catheters Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 5.57%
Global Market Size in 2023 USD 5.90 Billion
Global Market Size by 2033 USD 10.15 Billion
U.S. Market Size in 2023 USD 1.55 Billion
U.S. Market Size by 2033 USD 2.66 Billion
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Product, By Application, By Type, By Gender, and By End-user
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Region Insight:

Geographically, North America and Europe hold prominent positions in the Urinary Catheters Market. The well-established healthcare infrastructure, high healthcare expenditure, and favorable reimbursement policies in these regions contribute to market dominance. Asia-Pacific is witnessing rapid market growth due to the increasing geriatric population, improving healthcare infrastructure, and rising awareness about urological disorders.

Latin America and the Middle East & Africa are emerging markets, with a growing focus on healthcare development. The demand for urinary catheters in these regions is expected to rise as healthcare accessibility improves, and awareness campaigns target urological issues. Market players are strategically expanding their presence in these untapped regions, recognizing the potential for growth.

Trends:

The Urinary Catheters Market is marked by notable trends that shape its trajectory. One such trend is the emphasis on patient comfort and convenience, leading to the development of compact and discreet catheter designs. Manufacturers are investing in research and development to create catheters with enhanced functionality and user-friendly features, catering to the evolving preferences of patients.

Another significant trend is the increasing adoption of hydrophilic-coated catheters, which reduce friction during insertion and removal, minimizing the risk of urethral trauma. Antimicrobial coatings are also gaining prominence, addressing concerns related to catheter-associated urinary tract infections (CAUTIs). These trends underscore the industry’s commitment to improving patient outcomes and reducing the overall healthcare burden associated with urinary disorders.

Read Also: Outboard Engines Market Size to Grow USD 18.12 Bn by 2033

Recent Developments

  • In January 2023, after a thorough authorization procedure, Bactiguard announced the approval of its first MDR (Medical Device Regulations 2017/745) product. The latex BIP Foley Catheter, an indwelling urinary catheter using Bactiguard’s exclusive infection prevention technology, is the subject of the MDR approval. A thin coating of noble metal alloy affixed to the catheter’s surface serves as the foundation for Bactiguard’s unique technology. The metals have a galvanic effect when they come into contact with fluids, which lowers microbial adhesion—that is, fewer germs stick to the catheter surface. Healthcare-associated infections (HAI) impact one in ten patients globally, with catheter-associated urinary tract infections (CAUTI) accounting for a sizable portion of cases. The incidence of CAUTI is considerably decreased by urinary catheters equipped with Bactiguard technology.
  • In December 2022, to minimize urinary tract infections (UTIs) and unintentional Foley catheter extractions, CATHETRIX, a creative creator of urinary (Foley) smart catheter fixation devices, commercially debuted their catheter stabilizer at the Arab Health 2023.

Competitive Landscape:

The Urinary Catheters Market is characterized by intense competition, with key players focusing on product innovation, strategic partnerships, and geographic expansion to gain a competitive edge. Major companies in the market include Bard Medical, Boston Scientific Corporation, Coloplast A/S, Medtronic, and Cook Medical. These companies invest significantly in research and development to launch advanced catheter products, ensuring a diversified product portfolio.

Strategic collaborations, mergers, and acquisitions are prevalent in the market, allowing companies to strengthen their market position and expand their customer base. Market players are also engaged in partnerships with healthcare providers to enhance product distribution and improve patient access to urinary catheters.

Urinary Catheters Market Companies

  • Coloplast
  • ConvaTec, Inc.
  • Boston Scientific Corp.
  • BD (C.R. Bard, Inc.)
  • Cook Medical
  • Medtronic PLC
  • Teleflex, Inc.
  • B. Braun Melsungen AG
  • Hollister, Inc.
  • Medline Industries, Inc.
  • J and M Urinary Catheters LLC

Segments Covered in the Report

By Product

  • Foley/ Indwelling Catheters
  • Intermittent Catheters
  • External Catheters

By Application

  • Urinary Incontinence
  • Benign Prostate Hyperplasia & Prostate Surgeries
  • Spinal Cord Injury
  • Others

By Type

  • Coated Catheters
  • Uncoated Catheters

By Gender

  • Male
  • Female

By End-user

  • Clinics
  • Hospitals
  • Long-Term Care Facilities
  • Others

`By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://www.expresswebwire.com/

Blog: https://www.uswebwire.com/

Blog: https://www.dailytechbulletin.com/

Blog: https://www.autoindustrybulletin.com/

Leave a Reply

Your email address will not be published. Required fields are marked *