The urinary catheters market size has grown exponentially in recent years. It will grow from $5.18 billion in 2023 to $5.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The historical growth can be credited to advancements in medical science, heightened awareness and implementation of infection control measures, elevated standards of patient care, the emergence of surgery and anesthesia practices, and the impact of the industrial revolution.
The urinary catheters market size is expected to see strong growth in the next few years. It will grow to $7.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. Anticipated growth in the forecast period is expected due to factors such as the aging population, heightened focus on infection control, escalating healthcare spending, the transition towards minimally invasive procedures and telemedicine, as well as the adoption of remote patient monitoring systems. Key trends projected for the forecast period include the integration of digital health technologies, personalized catheterization solutions, technological progressions, increased collaborative ventures, and strategic investments.
The increasing prevalence of chronic illnesses is poised to drive the growth of the urinary catheter market in the future. Chronic illnesses encompass long-term health conditions that persist over an extended period, often necessitating ongoing management and treatment due to their typically incurable nature. Factors contributing to the occurrence of chronic illnesses include an aging population, unhealthy lifestyles, and the accessibility and infrastructure of healthcare. Urinary catheters play a crucial role in improving the quality of life for individuals with chronic illnesses, aiding in the better management of their symptoms and reducing the risk of further health complications. For example, in January 2023, as reported by the National Library of Medicine, the projected number of individuals aged 50 and above with at least one chronic illness is expected to rise from 71.522 million in 2020 to 142.66 million in 2050, indicating a 99.5% increase. Additionally, it is anticipated that the number of individuals with multimorbidity will increase from 7.83 million in 2020 to 14.96 million in 2050, marking a 91.16% rise. Therefore, the increasing prevalence of chronic illnesses is fueling the expansion of the urinary catheter market.
Prominent companies in the urinary catheter market are focused on developing innovative products, such as foley catheter fixation, to enhance patient comfort and minimize complications. Foley catheter fixation involves medical devices designed to secure a Foley catheter in place to prevent movement or accidental displacement. These devices typically feature adhesive pads or straps affixed to the patient's skin, along with clips or mechanisms to secure the catheter firmly. For instance, in January 2023, Cathetrix introduced Foley/Safe, a catheter stabilizer equipped with a patented locking mechanism that actively prevents accidental extractions, stabilizes the catheter, and minimizes excessive movement. This device plays a critical role in reducing catheter-associated urinary tract infections (CAUTI) while improving patient comfort. Its innovative design facilitates easy access to the catheter insertion site, simplifying regular inspection and cleaning procedures.
In October 2023, Laborie Medical Technologies Inc., a US-based provider of diagnostic and therapeutic equipment, acquired Urotronic Inc. for $600 million. This acquisition is aimed at expanding Laborie's presence in interventional urology by integrating Urotronic's innovative drug-coated balloon technology, Optilume, into its product portfolio. Urotronic Inc. specializes in urinary catheters and is renowned for its innovative urological medical devices.
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.
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. The countries covered in the urinary catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Urinary catheters serve as medical tools employed to facilitate the drainage of urine from the bladder when natural expulsion is not feasible for an individual. These flexible tubes are introduced into the bladder either via the urethra or a small surgical incision in the abdomen. Widely utilized across diverse medical scenarios, urinary catheters cater to patients experiencing urinary retention, incontinence, or those immobilized and incapable of utilizing conventional restroom facilities.
The primary categories within the urinary catheters market consist of coated catheters and uncoated catheters. Coated catheters feature a specialized surface coating designed to minimize friction during insertion and potentially mitigate the risk of urinary tract infections (UTIs). These catheters find applications in conditions such as benign prostate hyperplasia, prostate surgeries, urinary incontinence, spinal cord injury, among others. They are utilized across various healthcare settings including hospitals, clinics, long-term care facilities, and others.
The urinary catheters market research report is one of a series of new reports that provides urinary catheters market statistics, including urinary catheters industry global market size, regional shares, competitors with a urinary catheters market share, detailed urinary catheters market segments, market trends, and opportunities, and any further data you may need to thrive in the urinary catheters industry. This urinary catheter research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The urinary catheters market consist of sales of intermittent catheters, indwelling catheters, external catheters, urinary catheter accessories, and urinary drainage bags. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The urinary catheters market size is expected to see strong growth in the next few years. It will grow to $7.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. Anticipated growth in the forecast period is expected due to factors such as the aging population, heightened focus on infection control, escalating healthcare spending, the transition towards minimally invasive procedures and telemedicine, as well as the adoption of remote patient monitoring systems. Key trends projected for the forecast period include the integration of digital health technologies, personalized catheterization solutions, technological progressions, increased collaborative ventures, and strategic investments.
The increasing prevalence of chronic illnesses is poised to drive the growth of the urinary catheter market in the future. Chronic illnesses encompass long-term health conditions that persist over an extended period, often necessitating ongoing management and treatment due to their typically incurable nature. Factors contributing to the occurrence of chronic illnesses include an aging population, unhealthy lifestyles, and the accessibility and infrastructure of healthcare. Urinary catheters play a crucial role in improving the quality of life for individuals with chronic illnesses, aiding in the better management of their symptoms and reducing the risk of further health complications. For example, in January 2023, as reported by the National Library of Medicine, the projected number of individuals aged 50 and above with at least one chronic illness is expected to rise from 71.522 million in 2020 to 142.66 million in 2050, indicating a 99.5% increase. Additionally, it is anticipated that the number of individuals with multimorbidity will increase from 7.83 million in 2020 to 14.96 million in 2050, marking a 91.16% rise. Therefore, the increasing prevalence of chronic illnesses is fueling the expansion of the urinary catheter market.
Prominent companies in the urinary catheter market are focused on developing innovative products, such as foley catheter fixation, to enhance patient comfort and minimize complications. Foley catheter fixation involves medical devices designed to secure a Foley catheter in place to prevent movement or accidental displacement. These devices typically feature adhesive pads or straps affixed to the patient's skin, along with clips or mechanisms to secure the catheter firmly. For instance, in January 2023, Cathetrix introduced Foley/Safe, a catheter stabilizer equipped with a patented locking mechanism that actively prevents accidental extractions, stabilizes the catheter, and minimizes excessive movement. This device plays a critical role in reducing catheter-associated urinary tract infections (CAUTI) while improving patient comfort. Its innovative design facilitates easy access to the catheter insertion site, simplifying regular inspection and cleaning procedures.
In October 2023, Laborie Medical Technologies Inc., a US-based provider of diagnostic and therapeutic equipment, acquired Urotronic Inc. for $600 million. This acquisition is aimed at expanding Laborie's presence in interventional urology by integrating Urotronic's innovative drug-coated balloon technology, Optilume, into its product portfolio. Urotronic Inc. specializes in urinary catheters and is renowned for its innovative urological medical devices.
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.
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. The countries covered in the urinary catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Urinary catheters serve as medical tools employed to facilitate the drainage of urine from the bladder when natural expulsion is not feasible for an individual. These flexible tubes are introduced into the bladder either via the urethra or a small surgical incision in the abdomen. Widely utilized across diverse medical scenarios, urinary catheters cater to patients experiencing urinary retention, incontinence, or those immobilized and incapable of utilizing conventional restroom facilities.
The primary categories within the urinary catheters market consist of coated catheters and uncoated catheters. Coated catheters feature a specialized surface coating designed to minimize friction during insertion and potentially mitigate the risk of urinary tract infections (UTIs). These catheters find applications in conditions such as benign prostate hyperplasia, prostate surgeries, urinary incontinence, spinal cord injury, among others. They are utilized across various healthcare settings including hospitals, clinics, long-term care facilities, and others.
The urinary catheters market research report is one of a series of new reports that provides urinary catheters market statistics, including urinary catheters industry global market size, regional shares, competitors with a urinary catheters market share, detailed urinary catheters market segments, market trends, and opportunities, and any further data you may need to thrive in the urinary catheters industry. This urinary catheter research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The urinary catheters market consist of sales of intermittent catheters, indwelling catheters, external catheters, urinary catheter accessories, and urinary drainage bags. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Urinary Catheters Market Characteristics3. Urinary Catheters Market Trends and Strategies32. Global Urinary Catheters Market Competitive Benchmarking33. Global Urinary Catheters Market Competitive Dashboard34. Key Mergers and Acquisitions in the Urinary Catheters Market
4. Urinary Catheters Market - Macro Economic Scenario
5. Global Urinary Catheters Market Size and Growth
6. Urinary Catheters Market Segmentation
7. Urinary Catheters Market Regional and Country Analysis
8. Asia-Pacific Urinary Catheters Market
9. China Urinary Catheters Market
10. India Urinary Catheters Market
11. Japan Urinary Catheters Market
12. Australia Urinary Catheters Market
13. Indonesia Urinary Catheters Market
14. South Korea Urinary Catheters Market
15. Western Europe Urinary Catheters Market
16. UK Urinary Catheters Market
17. Germany Urinary Catheters Market
18. France Urinary Catheters Market
19. Italy Urinary Catheters Market
20. Spain Urinary Catheters Market
21. Eastern Europe Urinary Catheters Market
22. Russia Urinary Catheters Market
23. North America Urinary Catheters Market
24. USA Urinary Catheters Market
25. Canada Urinary Catheters Market
26. South America Urinary Catheters Market
27. Brazil Urinary Catheters Market
28. Middle East Urinary Catheters Market
29. Africa Urinary Catheters Market
30. Urinary Catheters Market Competitive Landscape and Company Profiles
31. Urinary Catheters Market Other Major and Innovative Companies
35. Urinary Catheters Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Urinary Catheters Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on urinary catheters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for urinary catheters? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The urinary catheters market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Coated Catheters; Uncoated Catheters2) 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
Key Companies Mentioned: Medtronic PLC; Becton Dickinson and Company; Boston Scientific Corporation; Medline Industries Inc.; B. Braun Melsungen AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 5.58 Billion |
Forecasted Market Value ( USD | $ 7.58 Billion |
Compound Annual Growth Rate | 7.9% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |