Urinary catheters are medical devices used to drain and collect urine from the bladder. They allow patients with mobility issues or urinary incontinence to empty their bladders conveniently. Self-catheterization with intermittent catheters allows independent emptying of the bladder and improves quality of life for patients.
The global Urinary Catheters Market is estimated to be valued at US$ 5,293.6 Mn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased prevalence of urinary incontinence has been a key trend accelerating growth of the urinary catheters market. Urinary incontinence affects nearly 25 million Americans aged 15 years and older. It is more common among women and increases with aging. Nearly half of nursing home residents routinely use catheters. As the geriatric population susceptible to incontinence increases worldwide, demand for catheters is expected to rise significantly. Self-catheterization with intermittent catheters is now preferred over indwelling catheters as it lowers risks of infection and allows more independence. Growth in adoption of intermittent catheters will continue driving the urinary catheters market over the forecast period.
Segment Analysis
The global urinary catheters market is dominated by intermittent catheters sub-segment. This is because intermittent catheters allow patients to have more independence and mobility as compared to indwelling catheters. Intermittent catheters are used by patients for shorter drainage periods and then removed, as opposed to an indwelling catheter that remains in the bladder permanently.
Key Takeaways
The global urinary catheters market is expected to witness high growth. The global Urinary Catheters Market is estimated to be valued at US$ 5,293.6 Mn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023 to 2030.
Regional analysis related content comprises Americas dominates the urinary catheters market currently. This is due to the presence of major players in countries like US and Canada and rising prevalence of urinary incontinence. The Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to the developing healthcare infrastructure and rising medical tourism in countries like India and China.
Key players operating in the urinary catheters market are B. Braun Melsungen AG, Coloplast Corp., C. R. Bard Inc., Hollister Incorporated, Medtronic PLC, Teleflex Incorporated, ConvaTec Group PLC.
