San Francisco, 18
September 2018: The global urinary catheters market is expected to reach USD 5.51 billion by 2024, according
to a new report by Grand View Research, Inc. The key contributors for the
expansion of the market include the rising incidence of urinary disorders,
growing elderly population, and technological advancements pertaining to the
relevant devices.
These catheters have
application in patients suffering from urinary retention, urinary incontinence,
benign prostatic hyperplasia, and other disorders. Patients suffering from
multiple sclerosis, spina bifida, cerebral palsy, spinal cord injuries,
prostate enlargement, and cancer also require need them The WHO states that
bladder problems affect more than 200 million people globally. Benign Prostate
Hyperplasia (BPH) is most common in the ageing population, especially men, and
urinary retention is a very common complication in BPH. Transurethral resection
of the prostate is a common surgery for BPH and the Urology Care Foundation
estimates that around 150,000 men in the U.S. undergo this surgery each year.
The technological
development pertaining to these instruments are expected to drive the demand
further. The catheters become infected after a couple of weeks and can cause
infection of the tract. The development of new antimicrobial catheters with
introduced antimicrobial molecules within the tube has advantage over the
traditional ones.
Furthermore, the
reimbursement policies for these products can also be attributed to the growing
demand. The Medicaid program reimburses a patient with 120 intermittent
catheters per month and the Medicare Program reimburses around 200 catheters
per month.
Access Research Report
of Urinary Catheters Market@
www.grandviewresearch.com/industry-analysis/urinary-catheters-market
Further Key Findings From the Study Suggest:
· In 2015, intermittent catheters was the
dominant segment due to less chances of infections associated with their usage
and thus being more preferred over the other two types
· In 2015, urinary incontinence was the
largest application segment due to the rising prevalence of the disease with
aging population.
· North America dominated the market in 2015.
The U.S. is the largest market in North America owing to the high prevalence of
urology disorders, rising geriatric population, and reimbursement policies.
· Asia Pacific is expected to be the fastest
growing during the forecast period owing to the improving infrastructure in
emerging economies and increasing interest of large players in this region
· The market dynamics indicate the presence
of strong competition amongst the key players like Coloplast; Boston Scientific
Corporation; Hollister, Inc.; B Braun Melsungen AG; Teleflex Inc.; Medtronic
and many others.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented the urinary catheters market by product, application, and region:
Urinary Catheters Product Type Outlook (Market revenue in
USD Million, 2013 - 2024)
·
Intermittent catheters
·
Foley/ Indwelling catheters
·
External catheters
Urinary Catheters Application Outlook (Market revenue in
USD Million, 2013 - 2024)
·
Benign prostate hyperplasia and prostate
gland surgeries
·
Urinary incontinence
·
Spinal cord injury
·
Others
Urinary Catheters Regional Outlook (Market revenue in USD
Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
Access Press Release of
Urinary Catheters Market@ www.grandviewresearch.com/press-release/global-urinary-catheters-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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