Urinary Catheters Market Set to Reach USD 8.66 Billion by 2031, Growing at a CAGR of 5.8%
Rising Incidence of Urinary Disorders and Advancements in Catheter Technologies Drive Market Growth
The global Urinary Catheters Market is poised for significant growth, with the market size valued at USD 5.52 billion in 2023 and projected to reach USD 8.66 billion by 2031. This represents a steady compound annual growth rate (CAGR) of 5.8% over the forecast period from 2024 to 2031. Increasing incidences of urinary incontinence, benign prostatic hyperplasia (BPH), and other urinary disorders, along with advancements in catheter technologies, are key factors propelling this market expansion.
Market Overview
Urinary catheters are essential medical devices used for draining the bladder in patients unable to do so naturally due to conditions like prostate enlargement, spinal cord injuries, or post-surgery complications. These devices come in various types, including indwelling (Foley) catheters, intermittent catheters, and external catheters. The rising geriatric population and increasing prevalence of urinary disorders globally are driving the demand for these products.
Key Market Drivers
Growing Incidence of Urinary Disorders: The rising prevalence of conditions like urinary retention, bladder dysfunction, and incontinence, especially among the aging population, is driving the demand for urinary catheters. Increasing awareness about these conditions and the availability of effective catheter solutions are supporting market growth.
Technological Advancements in Catheter Design: Innovations in materials, antimicrobial coatings, and non-invasive catheter options are making these products more effective and safer for long-term use. This includes advancements in self-catheterization techniques and smart catheter systems that help reduce the risk of infection and improve patient outcomes.
Rising Demand for Minimally Invasive Solutions: Minimally invasive catheterization procedures are becoming increasingly popular among patients due to their convenience, reduced hospital stays, and cost-effectiveness. This trend is expected to continue boosting the urinary catheters market.
Regulatory Approvals and Support: Regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) are providing approvals for new, advanced urinary catheter products, supporting faster market adoption.
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Key Market Segmentation
By Product
Intermittent
Foley/Indwelling
External
By Application
Benign Prostate Hyperplasia (BPH) & Prostate Surgeries
Urinary Incontinence
Spinal Cord Injury
Others
By Gender
Male
Female
By Type
Coated Catheters
Uncoated Catheters
By End-Use
Hospitals
Clinics
Long-term Care Facilities
Others
Key Players
The Major players are Hollister Inc, Boston Scientific Corp, Cook Medical, Teleflex Inc, Medline Industries Inc, Becton Dickinson And Company (C.R. Bard, Inc.), J And M Urinary Catheters LLC, Medtronic PLC, Coloplast, ConvaTech Inc and Other Players
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Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Urinary Catheters Market Segmentation, by Product
9. Global Urinary Catheters Market Segmentation, by Application
10. Urinary Catheters Market Segmentation, By Gender
11. Urinary Catheters Market Segmentation, By Type
12. Urinary Catheters Market Segmentation, By End-Use
13. Regional Analysis
14. Company Profiles
15. Competitive Landscape
16. Conclusion
Conclusion
The urinary catheters market is expected to witness consistent growth due to increasing demand for advanced medical devices that cater to the needs of patients suffering from urinary complications. With continuous advancements in catheter technology and supportive regulatory frameworks, the market is set to grow steadily, offering lucrative opportunities for industry players.
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