Urinary Catheters Market Size Worth $7.94 Billion By 2028: Grand View Research, Inc.

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Jan 11, 2021, 04:35 ET

SAN FRANCISCO, Jan. 11, 2021 /PRNewswire/ -- The global urinary catheters market size is anticipated to reach USD 7.94 billion by 2028 registering a CAGR of 7.0% from 2021 to 2028, according to a new report by Grand View Research, Inc. Increasing number of patients suffering from Urinary Tract Infections (UTI) and blockages in the urethra are anticipated to boost the product demand. The advent of technologically advanced products is also expected to drive market growth. For instance, RIOCATH - a Reversal Inside Out Catheterization, developed by Riocath global in collaboration with IOCB Prague, reduces the chances of infections in the body.

Key suggestions from the report:

North America was the leading regional market with the highest revenue share in 2020 and is estimated to expand further at a steady CAGR from 2021 to 2028
This growth can be attributed to the high incidence of targeted diseases, such as UI, bladder obstruction, urinary retention, Benign Prostate Hyperplasia (BPH), and bladder cancer, in the region
The key players are introducing technologically advanced products to gain a competitive advantage in the industry
For instance, Coloplast is planning to expand its SpeediCath product portfolio by launching the SpeediCath Navi, which is designed especially for the treatment of patients suffering from chronic urine retention

Read 163 page research report with ToC on "Urinary Catheters Market Size, Share & Trends Analysis Report By Application (BPH & Prostate Surgeries, Urinary Incontinence), By Product (Intermittent, External), By Region (APAC, Europe), And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/urinary-catheters-market

The key application segments include Benign Prostate Hyperplasia (BPH) & prostate surgeries, Urinary Incontinence (UI), spinal cord injury, and others. Among these, UI is the largest application segment owing to the increasing prevalence of the disease. Factors such as surgery of the prostate gland, spinal cord injury, injury to the bladder nerves, blockage in the urine due to kidney stones, and blood clots in the urine can cause UI. However, the BPH & prostate surgeries application segment is estimated to register the fastest CAGR during the forecast years. Based on product types, the market is divided into intermittent, foley/indwelling, and external catheters. The intermittent catheters segment dominated the overall market in 2020. This can be attributed to the increasing number of patients suffering from various urinary disorders.

Grand View Research has segmented the global urinary catheters market on the basis of product, application, and region:

Urinary Catheters Product Outlook (Revenue, USD Million, 2016 - 2028)

Intermittent
Foley/Indwelling
External

Urinary Catheters Application Outlook (Revenue, USD Million, 2016 - 2028)

Benign Prostate Hyperplasia (BPH) & Prostate Surgeries
Urinary Incontinence
Spinal Cord Injury
Others

Urinary Catheters Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America

The U.S.
Canada

Europe

Germany
Italy
U.K.
France
Spain

Asia Pacific

Japan
China (Mainland)
India
South Korea

Central & South America

Brazil
Mexico
Argentina

Middle East & Africa

UAE
Saudi Arabia
South Africa

List of Key Players of Urinary Catheters Market

Hollister, Inc.
Medtronic PLC
Boston Scientific Corp.
Becton Dickinson And Company (C.R. Bard, Inc.)
Cook Medical
Teleflex, Inc.
Medline Industries, Inc.
J and M Urinary Catheters LLC

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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