New York, NY -- (SBWire) -- 10/10/2014 --Urology devices market is growing at a significant rate due to aging population, growing prevalence of urinary diseases and growing awareness about the availability of different types of urology devices. Urinary catheter refers to a urology device that is inserted into a patient's bladder to drain out urine. It is used in those cases where patients have lost their control over their urinary bladder. Urinary catheters are used in various medical conditions such as multiple sclerosis, post prostate or genitals surgery, spina bifida, urinary incontinence and retention and others. A urinary catheter may be made up of silicone, polyurethane or latex. The global urinary catheters market has been driven by new innovations in urinary catheterization procedure, leading to better results. Global catheters market can be segmented into straight catheter, condom catheter, indwelling catheter (also known as Foley catheter), suprapubic catheter and 3-way catheter.
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North America dominates the global urinary catheters market due to increasing prevalence of urology diseases and technological advancement in the region. Asia, followed by Europe, is expected to show high growth rate in the next few years in urinary catheters market. China and India are expected to be the fastest growing urinary catheters markets in Asian region. Some of the key driving forces for urinary catheters market in emerging countries are large pool of patients, rising government funding and improvement in the healthcare facilities.
Various factors such as aging population, growing awareness and increasing prevalence of urology diseases have been driving the urinary catheters market. In addition, government funding, improvement in healthcare conditions and up gradation in reimbursement scenario has been driving the urinary catheters market. However, lack of medical professionals and reimbursements in some countries have been restraining the growth of global urinary catheters market.
Innovation of some new products with focus on patient’s comfort is expected to offer good opportunity for urinary catheters market. Presence of substitutes in the market is a major challenge for urinary catheters market. Some of the recent trends that have been observed in urinary catheters market include the growing popularity of fixer-occluder devices and home-based hemodialysis. In addition, it has also been observed that companies are involved in new product launches to increase their market presence. Some of the major companies dealing in urinary catheters market include Braun Melsungen AG, C.R. Bard Inc., Coloplast A/S, Teleflex Inc., AdvancedCath, Hollister Inc. and Boston Scientific Corp. Other major companies dealing in urinary catheters market include Covidien plc, Cook Medical Inc., ConvaTec SA, Wellspect HealthCare and DENTSPLY IH AB.
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Global Urinary Catheters Market: Industry Size, Share and Forecast to 2020
Persistence Market Research is released new forthcoming report on title "Urinary Catheters Market: Global Industry Analysis and Forecast to 2020".