A comprehensive overview of the urinary catheter market is recently added by UnivDatos Market Insights to its humongous database. The urinary catheters market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the urinary catheter market. The urinary catheters market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the urinary catheter market at the global and regional levels. The global urinary catheter market is expected to grow at a CAGR of around 6.1% from 2021-2027.

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Market Overview

According to the United Nations, the global population aged 60 years or over numbered 962 million in 2017 and is expected to reach nearly 2.1 billion by 2050. This rapidly growing geriatric population base is an indication of the growing prevalence of various age-related diseases such as benign prostate hyperplasia (BPH), neurogenic bladder, and others. In both cases, there is an increased chance of urinary catheter formation which in turn will boost the urinary catheter treatment device market globally. Furthermore, advancements in product development and rising approvals from regulatory bodies, and urinary catheter companies' investments in R&D are also some of the other factors contributing to the growth of the urinary catheter market.

COVID-19 Impact

The COVID-19 pandemic has provided tremendous research resources while also highlighting the threat of deadly epidemic-prone diseases worldwide. The COVID-19 pandemic has significantly affected the urinary catheter market owing to the worldwide lockdown restrictions, postponement of outpatient consultations, and various non-emergency surgeries. Furthermore, as the number of cases is still on the rise, the demand for urinary catheters is also expected to increase since urinary catheters are used in some critically ill patients suffering from COVID-19. Thus, this is expected to impact the demand for urinary catheters positively.

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Global urinary catheters market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product, the market is primarily fragmented into

·       Indwelling Catheters

·       Intermittent Catheters

·       External Catheters

Based on products, the market is classified into indwelling catheters, intermittent catheters, and external catheters. The intermittent catheters segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly in the forthcoming years. This is mainly due to the continuously draining catheter problems that can be solved by using intermittent catheters.

By Application, the market is primarily segmented into

·       Urinary Incontinence

·       General Surgery

·       Benign Prostatic Hyperplasia

·       Spinal Cord Injury

·       Others

Based on application, the market is segmented into urinary incontinence, general surgery, benign prostatic hyperplasia, spinal cord injury, and others. The urinary incontinence segment grabbed a substantial market share of the urinary catheter market and is expected to grow considerably during the forecast period. The prevalence of urine incontinence is projected to rise in the geriatric population and obesity becomes more common, both factors will drive the market.

By End-Users, the market is primarily segmented into

·       Hospitals

·       Long-Term Care Facilities

·       Others

Amongst End-Users, the hospital segment captured a major market share in 2020 and is expected to grow significantly by 2027. This is mainly due to the growing patient population, rising healthcare expenditure, and improvements in healthcare infrastructure are the factors that drive the urinary catheter market during the forecast period.

Urinary catheters Market Geographical Segmentation Includes:

·       North America (United States, Canada, and Rest of North America)

·       Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)

·       Asia-Pacific (China, India, Australia, Japan, and Rest of Asia-Pacific)

·       Rest of the World

Geographically, the North America region dominated the urinary catheters market in 2020 the presence of well-established market players, and the rising geriatric population in the region.

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The major players targeting the market includes

·       Teleflex Incorporated

·       Hollister Incorporated

·       ConvaTec, Inc.

·       Medtronic plc

·       Cook Medical

·       Boston Scientific Corporation

·       Coloplast

·       C.R. Bard, Inc.

·       B. Braun Melsungen AG

·       TE Connectivity Corporation

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the urinary catheters market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the urinary catheters market?

• Which factors are influencing the urinary catheters market over the forecast period?

• What are the global challenges, threats, and risks in the urinary catheters market?

• Which factors are propelling and restraining the urinary catheters market?

• What are the demanding global regions of the urinary catheters market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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