Friday 1 May 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Male External Catheters Market: B. Braun Melsungen AG, Coloplast A/S, Covidien plc, C. R. Bard Inc. and Hollister Inc.
Other Prominent Vendors in the market are: Apexmed International, BioDerm, Dileh Medical Supplies, Poiesis Medical and Sterimed
The report said: “One key trend upcoming in the market is the increased adoption of male external catheters coated with materials such as hydrogels. These coatings reduce the risk of catheter associated urinary tract infection.”
According to the report, the increase in the aging population is a major contributor to the growth of the market. It is estimated that about 2 billion people will be aged 60 and above by 2050. The prevalence of urinary incontinence increases with age, which in turn increases the demand for catheters.
Further, the report states that one of the major challenges faced by the market is the presence of alternative treatment options for urinary incontinence. Fixer-occluder devices for incontinence, urethral plugs, vaginal slings, absorbent pads or underwear, and medications such as fesoterodine are more accepted by people.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.