The use of urinary catheters is becoming increasingly common in modern medical practice. Catheterization is the process of inserting a flexible tube through the urethra into the bladder to allow urine to drain out. It is commonly used in cases where normal urine flow is impeded, such as in the case of urinary retention or urinary incontinence.
The urinary catheters market is growing at a steady pace and is expected to continue to do so in the coming years. The major drivers of this growth include the increasing prevalence of urinary disorders such as urinary incontinence and urinary retention, along with a growing elderly population. The rise in chronic diseases such as diabetes and obesity has also contributed to the growth of the market.
The market is segmented into intermittent catheters, Foley catheters, and external catheters. Foley catheters, which are used in hospitals and clinics, currently account for the largest market share due to their widespread use. However, intermittent catheters are expected to grow at a higher rate due to their advantages such as lower risk of infection and reduced catheter-associated urinary tract infections (CAUTI).
Geographically, North America and Europe are currently the dominant players in the market due to the high prevalence of urinary disorders in these regions. However, the Asia Pacific region is expected to experience the highest growth rate due to the increasing aging population and rising awareness of urinary disorders.
The market is highly competitive, with major players such as B. Braun Melsungen AG, Coloplast A/S, and ConvaTec Group PLC. These companies are investing heavily in research and development to introduce new products and improve existing ones. The market is also witnessing partnerships and collaborations among companies to expand their product portfolio and increase their market share.
In conclusion, catheterization is becoming increasingly mainstream, and the urinary catheters market is expected to continue growing due to the increasing prevalence of urinary disorders and a growing aging population. Intermittent catheters are expected to grow at a higher rate due to their advantages such as lower risk of infection and reduced CAUTI. The market is highly competitive, with major players investing in research and development to introduce new products and improve existing ones.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.