Global Urinary Catheters Market to Report 5.50% CAGR between 2020 and 2027

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Global Urinary Catheters Market to Report 5.50% CAGR between 2020 and 2027

October 19
17:00 2020
Global Urinary Catheters Market to Report 5.50% CAGR between 2020 and 2027
GLOBAL URINARY CATHETERS MARKET SIZE STUDY, BY PRODUCT (INDWELLING CATHETERS, INTERMITTENT CATHETERS, EXTERNAL CATHETERS), BY TYPE ( COATED CATHETERS, UNCOATED CATHETERS), BY APPLICATION (URINARY INCONTINENCE, GENERAL SURGERY, BENIGN PROSTATIC HYPERPLASIA, OTHER APPLICATIONS ), BY USAGE (MALE URINARY CATHETERS, FEMALE URINARY CATHETERS ), BY END-USER (HOSPITALS, LONG-TERM CARE FACILITIES, OTHER END USERS ) AND REGIONAL FORECASTS 2020-2027

A new report, titled “Global Urinary Catheters Market Size study, by Product (Indwelling Catheters, Intermittent Catheters, External Catheters), by Type (Coated Catheters, Uncoated Catheters), by Application (Urinary Incontinence, General Surgery, Benign Prostatic Hyperplasia, Other Applications), by Usage (Male Urinary Catheters, Female Urinary Catheters), by End-User (Hospitals, Long-Term Care Facilities, Other End Users) and Regional Forecasts 2020-2027,” has been recently added to the repository of Report Ocean. This research report has been created by performing a thorough analysis of the global urinary catheters market.

 GET SAMPLE COPY @ https://www.reportocean.com/industry-verticals/sample-request?report_id=bw1490

The worldwide urinary catheters market stood at approximately at US$1.9 bn in 2019. It is expected to proliferate at a healthy CAGR of more than 5.50% over the forecast period 2020-2027. The increasing cases of urinary incontinence, high incidence rate of prostate cancer, rising number of surgical procedures, and presence of favorable reimbursement scenario are some of the factors that are fuelling the growth of this market tremendously.

Rising Geriatric Population to Drive Global Market

Urinary incontinence is becoming quite a concerning issue nowadays. As per a report by the International Continence Society, in 2018, around 63 million people across the world suffered from acute urinary incontinence. Predominantly, the prevalence rate of urinary incontinence prevalence is higher among the elderly population and nursing home patients. The geriatric population across the world is also on a rise – the World Health Organization projects the geriatric population to reach 2 billion by 2050. The demand for these catheters is likely to augment further in the years to come.

On the other hand, complications associated with catheterization and the easy availability of alternatives is anticipated to hamper the market’s growth over the forecast period. However, the rising preference for single-use catheters and the increasing trend of self-catheterization are projected to create lucrative growth opportunities for market players in the near future, states the research report.

Increasing Patient Pool Propels North America Urinary Catheters Market

The regional analysis of the global urinary catheters market, presented in this research study, reveals that North America is the dominating regional market. The high prevalence of several diseases, increasing geriatric population, and the availability of advanced interventional products in this region have surface as the main factors, supporting the growth.

Among others, Asia Pacific has also established itself as a lucrative regional market for urinary catheters. The significant increase in the elderly population, rising prevalence of chronic diseases, and the surging demand for advanced therapies and products among consumers are likely to aid this regional market in the years to come, reports the study.

Impact of Covid 19 on Global Urinary Catheters Market

The Coronavirus pandemic has affected the global market for urinary catheters indirectly. The disturbance in supply chain channels, due to the imposed lockdown, created a commotion, leading to a slowdown in the market activities for some time. However, with the situation getting under control, the market is likely to resume its operations soon.

Key Findings:

  • The increasing patient pool is expected to support the North America market for urinary catheters.
  • With rising geriatric population, Asia Pacific has surfaced as the most attractive region for market players.

The global urinary catheters market is segmented into:

By Product

  • Indwelling Catheters
  • Intermittent Catheters
  • External Catheters

By Type

  • Coated Catheters
  • Uncoated Catheters

By Application

  • Urinary Incontinence
  • General Surgery
  • Benign Prostatic Hyperplasia
  • Other Applications

By Usage

  • Male Urinary Catheters
  • Female Urinary Catheters

By End User

  • Hospitals
  • Long-Term Care Facilities
  • Other End Users

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

Companies Mentioned in the Report

  • B. Braun Melsungen AG 
  • Boston Scientific Corp.
  • Coloplast Ltd.
  • ConvaTec Inc.
  • Becton, Dickinson and Co.
  • Cardinal Health
  • Teleflex Inc.
  • Wellspect HealthCare
  • Cook Medical
  • Asid Bonz GmbH

READ FULL REPORT @ https://www.reportocean.com/industry-verticals/sample-request?report_id=bw1490

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