The urinary catheter is a flexible tube that collects the urine from the bladder and collects urine in a drainage bag. A person uses it if they face difficulty in passing the urine naturally. Catheters are used for many reasons, such as a blockage in the urethra, injury to the urethra, congenital disabilities affecting the urinary tracts, bladder weakness, and kidney, ureter, or bladder stones. There are mainly three types of catheters indwelling catheters, condom catheters, and intermittent catheters. Urinary catheters can be made up of rubber, plastic, or silicone. However, urinary catheters can cause urinary tract infections. Thus it is necessary to take care of the catheters to prevent infection.
The global urinary catheter market was $2.11 billion in 2021 and is expected to reach $3.4 billion by 2030, with a CAGR of 5.5% from 2021-2030.
Segmentation Analysis of Urinary Catheters Market
The industry is segmented into product, type, usage, application, and end-users. The industry is segmented by product: indwelling catheters, intermittent catheters, and external catheters. Intermittent catheters have the largest market share of over 57%; they are medical devices used to empty the bladder. External catheters are expected to be the fastest growing segment in the coming period. By type, the industry is segmented into coated catheters and uncoated catheters. By usage, the industry is divided into male and female urinary catheters. By application, the market is segmented into urinary incontinence, general surgery, and other applications. The urinary incontinence segment has the largest share of the market. The industry is divided into hospitals, long-term care facilities, and other end-users by end-users. Companies are focusing more on new technological advancements, product launches, and growth strategies to build their position in the industry. Hollister Incorporated, Medtronic plc, Boston Scientific Corp., Becton Dickinson And Company, Coloplast, and Cook Medical are some key companies operating in the urinary catheter market.
Urinary Catheter Market Growth Opportunity
The increase in the number of urinary incontinence, diabetes, and surgical procedures are responsible for the growth of the urinary catheter market. According to the World Health Organization in 2017, approximately 5.0% of the general population was affected by urinary incontinence. However, awareness about urinary incontinence is expected to grow in the urinary catheter market in the coming time. Market players involved in the urinary catheter market are increasing the production of urinary catheters to retain their position in the healthcare sector. Hence, the players in the urinary catheter market are investing more in the research and development of urinary catheters to prevent microbial attacks. The introduction of an advanced catheter can speed up the adoption of the urinary catheter. According to data by the National Association for incontinence, one in every four women over the age of 18 experience leakage of urine. It indicates a higher risk of urinary incontinence in the female population. Hence, rising urinary incontinence in the female population is one of the major factors in increasing the adoption of urinary catheters. The worldwide increase in the population suffering from it is expected to boost the urinary catheter market over time.
Advancements Based on Healthcare
The urinary catheter market is expected to witness growth opportunities based on healthcare advancements and improved healthcare infrastructure. The rise in urinary incontinence, increased surgical procedures, etc., are the key factors boosting the growth of the global urinary catheter market. Key industry players are expanding their position by adopting various strategies and research collaboration to launch innovative products.
