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“The urinary catheters market projected to grow at a CAGR of 8.5%.”
The urinary catheters market is expected to reach USD 2.19 billion by 2022 from USD 1.45 billion in 2017, at a CAGR of 8.5% during the forecast period. The growing prevalence of urinary incontinence, increasing number of surgical procedures across the globe, and the favorable reimbursement scenario is expected to drive the market. The emerging Asian countries are also expected to offer strong growth opportunities for players in the market. On the other hand, the availability of alternative treatment options for urinary incontinence may restrict market growth to a certain extent.
“The intermittent catheters segment is expected to witness the highest growth during the forecast period.”
Based on product, the urinary catheters market is segmented into Foley, intermittent, and condom catheters. Intermittent catheters are expected to register the highest CAGR during the forecast period. The key drivers of this segment include the increasing incidence of urinary incontinence, rising number of surgeries, and rising geriatric population.
“The male urinary catheters segment to grow at the highest CAGR during the forecast period.”
Based on gender, the urinary catheters market is segmented into male and female urinary catheters. Male urinary catheters are expected to register the highest CAGR during the forecast period. The high growth of this segment can primarily be attributed to the rising geriatric male population and increasing incidences of urinary incontinence in males.
“North America to dominate the market in 2017 and Asia to grow at the highest CAGR during the forecast period.”
In 2017, North America is expected to account for the largest share of the urinary catheters market. The large share of North America in this market can be attributed to the favorable reimbursement scenario and the rising volume of surgeries in the region. The Asian market is estimated to grow at the highest CAGR during the forecast period. The high growth in this market can be attributed to the growing healthcare spending in emerging Asian countries, rising prevalence of urinary incontinence, and the large target patient population in the region.
The primary interviews conducted for this report can be categorized as follows:
- By Company Type: Tier 1 – 35%; Tier 2, 22%; Tier 3, 43%.
- By Designation: C-level- 15%; D-level- 32%; Others- 53%.
- By Region: North America- 31%; Europe- 23%; Asia- 21%; Latin America- 12%, and Middle East and Africa- 13%
List of Companies Profiled in the Report
• B. Braun Melsungen AG (Germany)
• Coloplast A/S (Denmark)
• C.R. Bard, Inc. (US)
• Hollister Incorporated (US)
• Medtronic plc (US)
• Cook Medical (US)
• Teleflex Incorporation (US)
• ConvaTec Group plc (US)
• ROCAMED (France)
• Rochester Medical Corporation (US)
• Wellspect HealthCare (US)
• Boston Scientific Corporation (US)
• Bactiguard (Sweden)
• Pacific Hospital Supply Co., Ltd. (Taiwan)
The report provides a picture on global urinary catheters across various medical devices. It aims at estimating the market size and future growth potential of this market across different segments such as product, type, gender, indication, end user, and region. Apart from comprehensive geographic & product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in the market. The above mentioned market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings and geographic focus.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall urinary catheters market and subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, trends, and opportunities.