Persistence Market Research

Urinary Catheters Market Accounting for US$1,755.0 Mn by 2021

"Global Market Study on Urinary Catheters: Intermittent Catheters Segment to Witness Highest Growth by 2021”


New York City, NY -- (SBWIRE) -- 11/07/2017 -- According to a new market report published by Persistence Market Research titled "Global Market Study on Urinary Catheters: Intermittent Catheters Segment to Witness Highest Growth by 2021", the urinary catheters market is expected to be valued at US$1,377.5 Mn by the end of 2015. It is anticipated to expand at a CAGR of4.1% from 2015 to 2021, to reach US$1,755.0Mn by 2021.

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By region, North America dominated the market with over 30% market share and is expected to remain dominant throughout the forecast period. The urinary catheter market in Asia and Latin America are expected to expand at a CAGRs of 4.7% and 4.6% respectively during the forecast period.

The global catheter market was valued at around US$ 25,895.6Mn 2014. The urinary catheter market accounted for 5.1% of global catheter market in 2014 and was valued at US$ 1,326.0 million. Revenue contribution by urinary catheter market to the global catheter market is expected to increase to US$ 1,755.0 by the end of 2021, expanding at a CAGR of 4.1% between 2015 and 2021. The increasing prevalence of chronic diseases and growing ageing population are factors expected to positively affect the growth of the urinary catheter market across the globe.

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Key players covered in this report include B. Braun Melsungen AG, Coloplast A/S., CR Bard Inc., Teleflex Incorporation, Boston Scientific Corporation, Covidien Plc, Hollister Incorporated, and Cook Medical.

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