Urinary Catheters Market to Witness Widespread Expansion During 2020-2027
Middle East and Africa Urinary Catheters Market Information, by Product type (Intermittent Catheters, Indwelling (Foley Catheters), External Catheters and others), by construction material (rubber, plastic, silicone, latex and others), by end user (hospitals, ambulatory and home) - Forecast till 2027
Market Synopsis
The global urinary catheters market is anticipated to expand significantly during the review period. The global market is anticipated to hold a substantial value, growing at a significant CAGR during the assessment period. Today, people are more prone to urologic diseases, which is the most important factor driving the global urinary catheters market 2020. Also, urinary catheters are being increasingly used by the aged population. Further, the increasing health concerns leading to increasing cases of hospitalization has additionally propelled the market. Besides, the increasing ailments related to the kidney positively affect market growth. In addition, the growing ailment of bladder cancer further propels the market. Also, the favorable reimbursement scenario is likely to grow the market further. The other crucial factor leading to market growth is the increasing rate of obesity, along with the rising geriatric population. Besides, the increasing rate of self-catheterization is a potential factor leading to market expansion. In addition, the other pivotal factor leading to the growth of the market is the usage of advanced materials in the form of antibiotic film-coated silicone catheters, which has a lower risk of infection.
However, the dearth of alternative options across the emerging economies is a potent factor that can hamper the market growth.
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Market Segmentation
The global urinary catheters market has been categorized on the basis of gender, product, type, end-user, indication, and geography.
On the basis of gender, the global urinary catheters market can be distinguished into male urinary catheters and female urinary catheters.
On the basis of product, the global urinary catheters market can be distinguished into indwelling catheters, intermittent catheters, and external catheters.
On the basis of type, the global urinary catheters market can be distinguished into uncoated catheters and coated catheters.
On the basis of end-user, the global urinary catheters market can be distinguished into research organization & academic institutes, hospitals & clinics, and others.
On the basis of indication, the global urinary catheters market can be distinguished into spinal cord injuries, benign prostatic hyperplasia, urinary incontinence, and general surgery.
On the basis of geography, the global urinary catheters market can be distinguished into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Regional Analysis
The global market for urinary catheters is projected to expand significantly during the forecast period. On the basis of geography, regions such as the Americas, Europe, Asia-Pacific, and the Middle East and Africa have been evaluated. As per the study, the global market is anticipated to be led by the Americas. The region consists of established players that escalate the market significantly. Besides, the increased disposable income is projected to augment the market further. The increasing number of catheter-associated urinary tract infections is another substantial factor driving the regional market. Europe is anticipated to acquire a second position in the global urinary catheters market. The regional market is growing due to the presence of a strong academic and research base. Besides, the massive funding available for funding research in European countries. The urinary catheters market in the APAC is majorly driven due to the presence of emerging countries such as Japan, China, India, Republic of Korea. The market is expanding due to the rising patient population. Further, the increasing number of key players in the region is another factor driving the regional market.
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Key Players
The established players of the global market for urinary catheters market are Boston Scientific Corporation, Coloplast A/S, Convatec Group PLC, Medtronic, Teleflex, Terumo Europe NV, Medloyd Healthcare, Terumo Europe NV, DISA Vascular, Cook Medical, Bactiguard Holding, and a few others.
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