Global Urinary Catheters Market Is Projected to Reach USD 1,755.0 Million by 2021

Pune, Maharashtra -- (SBWire) -- 09/12/2016 --Global Urinary Catheters Market: Intermittent Catheters Segment to Witness Highest Growth by 2021

The global catheter market was valued at around US$ 25,895.6Mn 2014. The urinary catheter market accounted for 5.1% of global catheter market in 2014 and was valued at US$ 1,326.0 million. Revenue contribution by urinary catheter market to the global catheter market is expected to increase to US$ 1,755.0 by the end of 2021, expanding at a CAGR of 4.1% between 2015 and 2021. The increasing prevalence of chronic diseases and growing ageing population are factors expected to positively affect the growth of the urinary catheter market across the globe.

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Urinary catheters are used for patients suffering from urinary incontinence, urinary retention and other urological disorders. Urinary catheters include indwelling (Foley) catheter, intermittent (short-term) catheter and external (condom) catheter. Indwelling or Foley catheter is a flexible tube with lumens at both ends. This type of catheter is inserted into the bladder through the urethra and suspended in the bladder. A tiny balloon attachment at one end of the catheter is inflated to prevent the tube from sliding out of the body. An intermittent catheter is a flexible catheter used to empty the bladder at regular intervals. This catheter is removed once the flow of urine stops. External or condom catheter is typically used for elderly male patients suffering from dementia (loss of brain function). This catheter is shaped like a condom and is placed over the male genital, with a tube leading to a drainage bag, which collects the urine.

The urinary catheter market is segmented into

Urinary catheter, by product type
Urinary catheter, by application
Urinary catheter, by region

This report covers the global urinary catheter market performance in terms of revenue contribution. This section additionally includes PMR analysis of key trends, drivers, restraints and opportunities, which are influencing the global urinary catheter market. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is included in this report to better equip and arms clients with crystal clear decision-making insights.

The global urinary catheter market is mainly driven by factors such as growing ageing population, favorable reimbursement policies and increasing demand for advanced urinary catheters. However, factors such as growing incidence of urinary tract infections and threats from substitute are expected to hamper market growth.

By product type, the global urinary catheter market is segmented into indwelling (Foley) catheter, intermittent (short-term) catheter and external (condom) catheter. Of these, intermittent catheter segment accounted for over 50% share of the overall urinary catheter market in 2014, followed by the indwelling catheter segment.

By application, the global urinary catheter market is segmented into prostate gland surgery, urinary retention, urinary incontinence, spinal cord injury and others application segment. Among all the aforementioned segments, the prostate gland surgery segment is expected to dominate the urinary catheter market, accounting for around 38% share of the overall market by 2021, and expanding at a CAGR of 4.4% during the forecast period, i.e. 2015–2021.

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By region, North America was the largest market for global urinary catheter market in 2014 with over 30% market share and is expected to remain dominant throughout the forecast period. The urinary catheter market in Asia and Latin America are expected to expand at a CAGRs of 4.7% and 4.6% respectively during the forecast period.

Key market players covered in this report include:

1.B. Braun Melsungen AG.
2.Coloplast A/S.
3.CR Bard Inc.
4.Teleflex Incorporation.
5.Boston Scientific Corporation.
6.Covidien Plc.
7.Hollister Incorporated.
8.Cook Medical.
9.Other.

These players have been profiled on the basis of various attributes, such as company overview, recent developments, growth strategies, sustainability and financial overview.