Intermittent Catheters Market to Grow at 6.2% CAGR by 2030
Increase in number of geriatric population and growing cases of urinary incontinence are the key factors, which are highly beneficial for the growth and advancement of intermittent catheters market.
The Intermittent Catheters Market was valued at USD 2.18 billion in 2019 and is expected to reach USD 4.22 billion by 2030, at a CAGR of 6.2%, according to recent report by Next Move Strategy Consulting.
Intermittent Catheter is a thin tube inserted into the bladder allowing the urine to drain freely. The use of catheter is recommended to people with urinary incontinence. It is also used by patients to rest the bladder after surgery when they are bed ridden and cannot move. Also, intermittent catheters ensure patient autonomy. However, a patient using intermittent catheters may feel the urge to urinate frequently and witness discomfort if the tube gets pulled.
Increasing urinary tract infection and incontinence cases has led the patients realise the importance of intermittent catheters. This has up-surged the demand for intermittent catheters leading to the rapid growth of the market. However, potential risks associated with the use of intermittent catheters and limited awareness about its benefits are expected to limit the growth of the market.
Global intermittent catheters market is segmented on the basis of product, indication, category, end user, and geography. On the basis of product, the market is divided into uncoated intermittent catheters and coated intermittent catheters. Coated intermittent catheters are subdivided into antimicrobial, hydrophilic, and others. By indication, the market is categorized into urinary incontinence, spinal cord injuries, general surgery, and others. By category, it is divided into female length catheter, male length catheters, and kid length catheter. By end user, it is bifurcated into hospitals, ambulatory surgical centers, and medical research centres. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and RoW.
North America dominated the market with the highest market share due to the increasing cases of urinary incontinence and surgery procedures conducted in U.S. and Canada. This is attributable to the factors including developed healthcare and related infrastructure, high R&D investments, greater accessibility to healthcare facilities and technological advancements.
However, Asia-Pacific is also anticipated to grow with the highest CAGR during the forecast period owing to the improvements in public & private healthcare facilities, increasing geriatric population and growing prostate gland surgeries in this region.
Based on the analysis in the report, the key players operating in the global intermittent catheters market are Adapta Medical, B. Braun Melsungen AG, Becton Dickinson Company, Coloplast A/S, ConvaTec Healthcare B S.à.r.l, Cure Medical, Hollister Inc., Medical Technologies of Georgia Inc., Pennine Healthcare, and Teleflex Incorporated.
Browse key industry insights from the report,” Intermittent Catheters Market byProduct (Coated Intermittent Catheters, Uncoated Intermittent Catheters), Indication (General Surgery, Urinary Incontinence, Spinal Cord Injuries, Others), Category (Male Length Catheters, Female Length Catheter, Kid Length Catheter), End User (Hospitals, Ambulatory Surgical Centers, Medical Research Centers) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030” in detail along with the table of contents:
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