Worldwide Latest Market Research Report on “Global Urinary Catheters Market – Segmented by Product Type, Application, and Geography – Growth, Trends, and Forecast (2019 – 2023) 2019-2023”
The Global Urinary Catheters market with CAGR of 5.5% 2019-2023. The report begins from overview of Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Urinary Catheters by product, region, and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- B. Braun Melsungen AG
- Boston Scientific Corporation
- Coloplast A/S
- ConvaTec Group PLC
- Cook Medical
- Cure Medical Llc
- Hollister Incorporated
- J and M Urinary Catheters Llc
- Medtronic Plc
- and Teleflex Incorporated
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Overview of Urinary Catheters Market:
The global urinary catheter market is expected to register a CAGR of 5.5% during the forecast period (2019-2023). The urinary catheter devices are witnessing significant growth in recent years due to rise in urinary diseases and increasing awareness for different types of devices used in urinary infections and diseases. North America is expected to dominate this market due to the large base of geriatric population, high prevalence of urology disorders, and better reimbursement policies.
Rising Prevalence of Urinary Incontinence
The rising prevalence of urinary incontinence is one of the primary factors driving this market. Urinary tract infection (UTI) is a common contagion among men and women. According to National Kidney Foundation, US, UTI is responsible for nearly 10 million doctor visits each year. As per the U.S. Department of Health and Human Services, approximately 13 million people in the United States suffer from urinary incontinence, which is primarily prevalent in women. Between the age group of 15-64 years, 10-30% of women are affected, compared to 1.5-5% of men. A similarly ratio can be observed globally in developed and emerging markets, thus driving the urinary catheter market.
Other factors driving this market are growing geriatric population, rising awareness towards health and hygiene, and technological advancements in the material used for catheters.
Risk of Catheter-associated Urinary Tract Infection (CAUTI)
There is an increased risk of acquiring a catheter-associated urinary tract infections, which hinders the growth of this market. According to the Center for Disease Control and Prevention, approximately 12-16% of hospital patients have an indwelling urinary catheter during their hospitalization, during which period, a patient has nearly 3-7% increased risk of acquiring CAUTI. This may lead to other complications such as prostatitis, epididymitis, and orchitis, followed by longer hospital stay and increased cost and mortality, thus significantly impeding this market.
Another important factor is the availability of alternate treatment options for urinary incontinence.
United States is Expected to Occupy the Largest Share in the Market
The United States is expected to occupy the largest market share due to the large pool of elderly population, infections due to urinary diseases, and better healthcare infrastructure with facilities. The Medicaid program reimbursement provides 120 catheters per month for a person and reimburses maximum of 200 catheters. Asia-Pacific is expected to project the fastest growth due to the rising economies of India and China, with a large base of diversified patient pool related to urinary tract disorders with rising elderly population.
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Reasons to Purchase the Report
The Global demand for Urinary Catheters Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2019 and 2025 compared to a few years ago, signifying the rapid pace of change.
Global Urinary Catheters Market highlights the following key factors:
- A complete informative analysis of Urinary Catheters industry, which includes a valuation of the parental market.
- Emerging trends by sections and regional markets.
- Major developments in market dynamics & market overview.
- Urinary Catheters Market shares and methods of key players in the Urinary Catheters market.
- Current and predictable size of Urinary Catheters market from the outlook of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the Urinary Catheters market.
Urinary Catheters Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Urinary Catheters Market players in detail. Urinary Catheters Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Key Features of the Urinary Catheters Market Report:
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- Five-year forecast measure would give a clear understanding of future growth.
- Investigation of upcoming and past market information will help in organizing an outline of current business strategies.
- Comprehensive information of market players will help understand consumer demands and market scope.
- Development opportunities and forecast buyer requests will evoke the collection of revenue.
- A comprehensive analysis of the changing competitive dynamics will keep you ahead of the competitors.
- The fresh proficient elements such as industry production study, revise product-launching events, growth and risk factors will help in the forecast feasibility analysis.
- To distinguish the slightest focused market specialties with huge development potential.
The growth of this market worldwide is subjected to various factors; including consumer world-class Urinary Catheters Market of many Urinary Catheters Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Urinary Catheters Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Urinary Catheters Market competitors.
Mr. Ajay More
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