The global urinary catheters market is expected to grow significantly over the forecast period. The market held a market value of USD 1,603 million in 2017 and is projected to grow at a CAGR of 7.8% over the forecast period.
Numerous factors such as increasing prevalence of various urologic diseases, increasing cases of hospitalization, increasing long term use of urinary catheters by the aged population for the growth of the market during the forecast period.
Moreover, rising incidents of kidney and other renal diseases offer a lot of benefits which positively affects the market growth. According to the National Kidney Foundation, one in five women may suffer from urinary tract infections at list once in a lifetime. In 2015, it was estimated that 150 million urinary tract infection occurs yearly on a global basis. Prevalence of urinary tract diseases is more in females than males, 40% to 50% of whom will suffer at least one clinical episode during their lifetime. Besides this increasing prevalence of bladder cancer is also has a synergistic impact on the growth of the market.
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Key Players – Urinary Catheters Market
ConvaTec Group PLC,
Werkomed Pty Ltd,
Rochester Medical Corporation,
Braun Melsungen AG,
Terumo Europe NV,
R. Bard, Inc.,
Boston Scientific Corporation,
Medloyd Healthcare, and others.
Segments – Urinary Catheters Market
The indispensable insights of the global urinary catheters market, derived from its segmental analysis, helps in the identification of new growth windows for the market to proliferate. The urinary catheters market study has been segmented into type, gender, indication, end-use, and product.
Based on the type, the urinary catheters market has been segmented into uncoated and coated catheters.
Based on the gender, the urinary catheters market has been segmented into female and male catheters.
Based on the indication, the urinary catheters market has been segmented into spinal cord injuries,
urinary incontinence, general surgery, and benign prostatic hyperplasia.
On the basis of end use, the urinary catheters market has been segmented into research organization and academic institutes, hospitals and clinics, and others.
On the basis of product, the urinary catheters market has been segmented into external catheters, indwelling catheters, and intermittent catheters.
Regional Analysis – Urinary Catheters Market
The regional analysis of the urinary catheters market gives a compendious understanding of the demographic progress of the market. Based on the region, the market study has been covered North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
MRFR forecasts North and Latin America to lead the urinary catheters market during the assessment period. The region is graining traction for hefty funding for research and developmental activities form both government and commercial sectors. This is accounted as a contributing factor to the regional market proliferation.
Europe is accounted to secure the position of the second largest urinary catheters market. The presence of influential academic and research institutes and availability of funding for developmental studies are factors expected to spur the European urinary catheters market growth.
Asia Pacific is likely to witness the fastest Urinary Catheters Market Trends growth rate. As per the World Health Organization (WHO) report, about 600 million people, around the world, are deprived of safe drinking water. The lack of safe drinking water is raising the bar, of people suffering and prone to urological disorders. This is increasing the demand for urinary catheters, to deliver better treatment. Additionally, rapid urbanization, increase in medical expenditure, and updated medical practices are fostering the urinary catheters market growth. Governments and NGOs have a pivotal role in surging the market growth. The awareness camps and funding for research and developmental activities by these organizations are likely to fuel the urinary catheters market growth.
The Middle East Asia and Africa envisaged to hold the least urinary catheters market share. However, the increase in the government initiatives to develop better healthcare facilities is expected to boost the market growth in the region.
Browse Complete “Urinary Catheters Market” Report @ https://www.marketresearchfuture.com/reports/global-urinary-catheters-market-7600
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