What Has Been The Evolution of the Urinary Catheters Market in Recent Years?
The urinary catheters market has seen considerable growth due to a variety of factors.
• The urinary catheters market has grown strongly in recent years. It will grow from $5.58 billion in 2024 to $6.03 billion in 2025, at a CAGR of 8.0%.
This growth is driven by advancements in medical science, a better understanding of infection control, improved patient care standards, increased surgeries and anesthesia, and industrial advancements.
What Is the Forecasted Market Size and Growth Rate for The Urinary Catheters Market Size In The Coming Years?
The urinary catheters market is expected to maintain its strong growth trajectory in upcoming years.
• The urinary catheters market is projected to reach $8.17 billion by 2029, with a CAGR of 7.9%.
Factors contributing to growth include the aging population, infection control, rising healthcare expenditures, and a shift toward minimally invasive procedures. Trends include digital health technologies, customized solutions, and strategic partnerships.
What Factors Are Driving Growth In The Urinary Catheters Market?
The escalating prevalence of enduring diseases is anticipated to augment the urinary catheter market's growth. These chronic diseases refer to persistent health issues that last a long time, often necessitating continuous management and treatments since they're generally incurable. The prevalence of these diseases can be attributed to an aging population, poor lifestyle choices, and the availability and establishment of healthcare facilities. Urinary catheters play a crucial role in improving the life quality of those suffering from chronic diseases by ensuring efficient symptom management and minimizing potential health complications. For example, the American Cancer Society, a non-profit cancer advocacy organization based in the US, reported a growth of 3.16% in cancer cases in January 2023, an increase from 1,898,160 in 2021 to 1,958,310 in 2023. Consequently, the escalating prevalence of enduring diseases is stimulating the growth of the urinary catheter market.
What Are The Main Segments Of The Global Urinary Catheters Market?
The urinary catheters market covered in this report is segmented –
1) By Type: Coated Catheters, Uncoated Catheters
2) By Application: Benign Prostate Hyperplasia And Prostate Surgeries, Urinary Incontinence, Spinal Cord Injury, Other Applications
3) By End-User: Hospital, Clinics, Long-Term Care Facilities, Other End-Users
Subsegments:
1) By Coated Catheters: Hydrophilic Coated Catheters, Silicone Coated Catheters, Antimicrobial Coated Catheters
2) By Uncoated Catheters: Latex Catheters, Pvc Catheters, Silicone Catheters
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How Are Emerging Trends Reshaping The Dynamics Of The Urinary Catheters Market?
Leading firms in the urinary catheter market are focusing on the development of cutting-edge products like foley catheter fixation, aimed at increasing patient comfort and mitigating complications. A Foley catheter fixation is a medical device specially crafted to ensure the Foley catheter does not move, or get displaced accidentally. The device often comes with adhesive pads or straps connecting to the patient's skin and fasteners or systems to keep the catheter firmly in place. In the instance of Cathetrix, an Israel-established maker of intelligent catheter fixation appliances, they introduced Foley/Safe, a catheter stabilizer, in January 2023. This device proactively prevents accidental pullouts, keeps the catheter steady, and prevents unnecessary movement. With a patent-secured locking mechanism, the device ensures the catheter remains firmly positioned to avoid unintended removal, a critical factor in decreasing catheter-associated urinary tract infections (CAUTI) and improving patient comfort. Its ground-breaking design permits easy access to the catheter insertion location, promoting routine check-up and cleansing.
Who Are the Key Players In The Urinary Catheters Market?
Major companies operating in the urinary catheters market are:
• Medtronic PLC
• Becton Dickinson and Company
• Boston Scientific Corporation
• Medline Industries Inc.
• B. Braun Melsungen AG
• Coloplast A/S
• Cook Medical
• Teleflex Incorporated
• Cook Medical LLC
• ConvaTec Group PLC
• Hollister Incorporated
• Amsino International Inc.
• Wellspect AB
• WellLead Medical Co. Ltd.
• Applied Medical Technology Inc.
• Bactiguard AB
• Dynarex Corporation
• Pennine Healthcare Group Limited
• Pacific Hospital Supply Co. Ltd.
• Cure Medical LLC
• CompactCath Inc.
• Manfred Sauer GmbH
• Poiesis Medical LLC
• Hunter Urology Ltd.
• ROCAMED Medical Devices
What Is The Most Dominant Region In The Urinary Catheters Market?
North America was the largest region in the urinary catheters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the urinary catheters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
